Much of what the U.S. president has done to curb independent media echoes the Hungarian autocrat Viktor Orbán’s playbook.

For instance, they can invest heavily in a small group of their best ideas, own many stocks at lower weightings, or hold significant cash amounts while waiting for compelling opportunities.

Mark Carney, a central banker turned politician, steps into his role at a crucial moment as President Trump sets his sights on Canada’s sovereignty and keeps threatening more tariffs. By Vjosa ...