Among the most visible VIPs at Donald Trump’s inauguration were tech moguls. Bankers were barely to be seen. But Wall Street has more reason than Silicon Valley to feel cheery about the MAGA era. Our Buttonwood columnist explains why.

Nothing Mr Trump has done since his inauguration has caused more controversy than his pardon of nearly 1,600 January 6th rioters. At least 200 of those have “pledged allegiance to a militia-like group”, our story notes. In another article we examine why Mr Trump’s decision to pull America out of the World Health Organisation will hurt America and boost China’s influence.