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US Homeland Security cites risk to over 40,000 personnel in effort to take leaked data offline




US Homeland Security cites risk to over 40,000 personnel in effort to take leaked data offline

‘The most European of non-European countries’: Canada looks to become an EU ‘associate member’



Prime Minister Mark Carney called Canada “the most European of non-European countries” early in U.S. President Donald Trump’s trade war. Now, he’s hosting European leaders to pursue an unprecedented alliance, but the proposed EU “associate member” designation faces resistance even as the EU’s top official champions it.

European Commission President Ursula von der Leyen and European Council President António Costa are in Montreal for a two-day summit aimed at deepening trade, defense and economic ties as Canada and Europe seek to reduce their dependence on Washington in a changing world order.

Speaking in Montreal on Thursday, von der Leyen warned that economic relationships once considered sources of stability were increasingly being used as instruments of pressure. Without naming Trump, she described the consequences for ordinary families and warned that national sovereignty was under threat.

“When trade becomes a tool of economic pressure, it is families that pay the price, from the supermarket shelf to the cost of a new car,” von der Leyen said. “We are seeing in real time our sovereignty being attacked.”

She warned that dependence on a single supplier for energy, semiconductors or critical minerals could be exploited and said countries faced a choice between acting alone or working with trusted partners to protect their economic security.

Trump has suggested Canada’s proposed EU arrangement could be a “hostile act” and threatened tariffs on Europe if he considered it unfriendly. Asked Wednesday about possible retaliation, a senior Canadian government official told reporters the closer relationship was not directed against the United States but reflected longstanding shared interests.

The summit puts Carney’s vision for a new global order to the test. At the World Economic Forum in Davos, Switzerland, in January, he warned that the U.S.-led international order was breaking down and urged middle powers to unite against economic coercion.

Von der Leyen stands by her plan for Canada’s new status

The structure and even the name of the proposed partnership remain unsettled, with some EU member states questioning the “ associate member ” designation proposed last month by von der Leyen.

Despite resistance from EU member states, von der Leyen showed no sign of abandoning the idea.

“Canada cannot become a full-fledged member of the EU because of geography, but we both want to bring our relationship to the highest level possible,” she said. “This is why we are discussing the idea of Canada becoming the first associate member of the European Union.”

Von der Leyen described the proposed relationship as an “association without accession,” saying it could bring Canada closer to EU membership than any previous arrangement with a country outside the bloc.

She said the arrangement would deepen cooperation on everything from artificial intelligence and energy to defense and trade.

Anand Sundar, a special adviser at the European Council on Foreign Relations, said France and Germany are among the countries unhappy with the designation and that it may not survive the summit.

“The fact that member states have rejected the associate membership framing is very embarrassing for von der Leyen,” Sundar said.

More talks ahead, Carney said

Carney said Tuesday the summit would be followed by further negotiations over the next year.

“It doesn’t matter about specific names or nomenclature,” Carney said. “What matters is the difference that it will make to lives of Canadians.”

Carney said the partnership could create new opportunities for Canadian students, businesses and researchers while strengthening the country’s independence and sovereignty.

Carney has ruled out formally joining the EU, saying any enhanced partnership would require approval by Canada’s Parliament.

An alliance without membership

The summit is expected to launch an “Alliance for the Future,” a framework for closer cooperation on trade, defense, critical minerals, technology and research.

Von der Leyen said Canada and the EU would finalize an agreement Friday giving Canadian companies, startups and researchers access to Europe’s network of 12 advanced supercomputers, strengthening cooperation on artificial intelligence.

She also announced plans to strengthen strategic supply chains and encourage joint investment in industries critical to economic security.

The partnership could expand opportunities for Canadian students and researchers through the EU’s Erasmus+ and Horizon Europe programs and make it easier for professionals to work on both sides of the Atlantic.

European commissioners and Canadian Cabinet ministers will hold sector-specific meetings, beginning with a business forum Thursday before formal leaders’ talks Friday. Officials hope to develop the broader partnership for possible endorsement in 2027.

A changing world order reshapes economic and defense ties

Canada is the only non-European country participating in the EU’s 150-billion-euro ($167-billion) SAFE defense procurement program, allowing Canadian companies to take part in joint European military purchases.

But deeper defense cooperation faces obstacles. Sundar said France is pushing for strict “Made in Europe” rules that could limit Canadian companies’ access to future EU defense spending, while Germany favors broader participation. He said negotiations over the EU’s next seven-year budget could prove more consequential for Canada than anything announced in Montreal.

The two sides already have a sweeping free trade agreement, known as CETA, that eliminated most tariffs. Most provisions have been in force since 2017, although some EU member states have yet to ratify it.

The United States accounted for 71.7% of Canada’s merchandise exports in 2025. Carney wants to double exports to other countries over the next decade.

Canada and the EU are seeking closer cooperation on critical minerals as both sides work to diversify supply chains. Von der Leyen said the value of EU imports of Canadian critical raw materials rose 62% last year to 3.3 billion euros (C$5.18 billion), including lithium, cobalt, nickel and graphite.

Tobias Gehrke, a senior policy fellow at the European Council on Foreign Relations, said the disagreement over terminology was unlikely to derail closer cooperation.

“There is no magic shortcut to rapidly reducing Europe’s and Canada’s reliance on the U.S. economy and military — not least since Washington might retaliate,” Gehrke said. “But the political window is now wide open to take a much bigger step than was previously conceivable.2

Rate hike kicks Canada’s housing market when it’s down




The Bank of Canada raised its benchmark interest rate Wednesday in an effort to fight inflation. But for the nation’s housing market, the move is a heavy blow.

List of Eligible Providers for Amex Business Platinum Wireless Credit


List of Providers for Amex Business Platinum Wireless Credit

American Express is making a change to the Business Platinum Card‘s $10 monthly wireless credit, and it could mean losing this benefit for cardholders who use smaller mobile carriers.

Starting February 17, 2027, only purchases made directly with 11 specific wireless providers will qualify for the credit.

Currently, the Business Platinum offers up to $10 in monthly statement credits, or $120 annually, for eligible wireless service purchases made directly with U.S. wireless providers. Enrollment is required.

Which Wireless Providers Will Qualify?

Beginning February 17, 2027, the credit will be limited to purchases made directly with these providers:

  • Verizon
  • AT&T
  • T-Mobile
  • Frontier
  • Comcast
  • Charter
  • Spectrum Mobile
  • UScellular
  • Optimum
  • Ultra Mobile
  • Mint Mobile

If your wireless provider isn’t on this list, your payments will no longer qualify for the monthly credit under the new terms.

Guru’s Wrap-up

This is another disappointing change for Business Platinum cardholders which will affect those who use lower-cost wireless providers.

This is the same limited list of providers that will also apply to the Business Gold 4X wireless category.

What does a consultant actually do?



It’s a question as old as however old management consulting is: what exactly do consultants do all day? In our first-ever “case study” Dan investigates the world of consulting with help from two New York Times reporters and a former BCG consultant.

Video by Dan Toomey and Henry Stockwell
Additional camera by Evan Frolov

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What does a consultant do?

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Private Markets: Five Questions Every Portfolio Manager Should Ask


This Q&A is gleaned from articles published in Enterprising Investor on this subject within the past 100 days. These articles are linked below.

This is designed for CFA charterholders, portfolio managers, wealth advisers, and institutional investors, with an emphasis on what is changing, why it matters, and what practitioners should do next.

Private credit, governance, transparency, and the challenge of measuring performance.

Building a Winning Organization


October 28, 2026

In professional sports, as in business, spending money and assembling talent don’t guarantee success. You have to build an organization that can compete, make decisions under uncertainty, and earn fans’ loyalty.



Great News for Tesla Stock Investors as a Merger with SpaceX is More Likely


Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Mortgage and real estate mergers and acquisitions in 2026



  • Key Insight: Find out how mortgage rivals are quietly scooping up market share, artificial intelligence power and other unique solutions. 
  • What’s at Stake: Some recent transactions have stemmed from lenders offloading assets because of economic conditions. 

The merger and acquisition appetite in the mortgage space hasn’t let up despite wavering market conditions. 

Lenders, servicers, fintechs and other real estate services have undertaken dozens of transactions so far in 2026, showing no signs of slowing after a major industry reshaping in 2025. While this year has featured fewer blockbuster deals, rivals have quietly scooped up market share, artificial intelligence power and unique solutions. 

Some players have also offloaded assets as economic woes rattle their businesses. While the industry hasn’t yet embarked on the massive wave of layoffs in response to rapidly rising rates earlier this decade, companies are already acknowledging payroll cuts across their teams. 

Read on to see who’s making moves so far this year. 

This list will be updated. 



Chase United Explorer $500 Statement Credit + 25,000 Miles + 10,000 Miles For Adding Authorized User


Update 10/28/26: Statement credit back up to $500. 

Update 8/30/26: $500 statement credit reduced to $400. 

The Offer

Direct link to offer (should also be able to get it to appear doing a dummy booking on United)

  • Chase United Explorer is offering the following bonuses:
    • $500 statement credit after first purchase
    • 25,000 bonus miles after you spend $3,000 on purchases within the first three months
    • 10,000 bonus miles after you add an authorized user to your account within the first three months
    • Annual fee waived first year

Card Details

  • Annual fee of $150 is waived first year
  •  Chase 5/24 rule applies to this card
  • 25% off in flight purchases when using your card (including WiFi and food/beverages)
  • $120 Global Entry/TSA PreCheck credit
  • Card earns at the following rates:
    • 2 miles per $1 spend with United Airlines, restaurant and hotel purchases
    • 1 mile per $1 spend on all other purchases
  • Last seat availability
  • Miles don’t expire
  • Free checked bag when you pay with card (for 2 people)
  • Priority boarding
  • 2 Club passes per year
  • No foreign transaction fees
  • Receive $50 back as a statement credit on both your 1st and 2nd prepaid hotel stays purchased directly through United Hotels with your United Explorer Card, up to $100 each anniversary year.
  • Enroll to receive up to $5 back as a statement credit each month on rideshare purchases when you pay with your United Explorer Card, up to $60 each calendar year. 
  • Receive $25 in United TravelBank cash, up to $50 each anniversary year, for your 1st and 2nd Avis or Budget car rental booked directly through cars.united.com and paid with the card.
  • $10 Instacart credit monthly, up to $120 total each calendar year.
  • Earn $100 in United TravelBank cash after you spend $10,000 on purchases each calendar year with your United Explorer Card. 
  • This card product is available to you if you do not have this card and have not received a new Cardmember bonus for this card in the past 24 months

Our Verdict

Earlier this year we saw 70,000 – 85,000 miles and last year we saw up to 90,000 miles. Personally I’d prefer the $500 statement credit over 50,000 miles but really depends on how you value the miles. Most people won’t be eligible due to the 5/24 rule, but useful for those who are. We’ll be adding this to our list of the best credit card bonuses.

Hat tip to reader Viji