By Abby Schultz
A rising number of wealthy Americans are considering migration a year into Donald Trump's presidency, if a survey from Arton Capital, a Canadian firm that helps clients find second residencies and citizenship, is accurate. The survey asked 1,000 individuals with a net worth of at least $1 million if they were "more or less likely to leave the USA than you were before the election." Eighteen percent said much more likely; 15%, more likely; and 34%, "not sure/neither more or less likely."
Some 35% of respondents said the military incursion into Venezuela weakened their view of the U.S. as a long-term place to live. Among those motivated to leave, 84% strongly agreed they were concerned about foreign policy -- this was before the Greenland crisis -- 74% about economic prospects, and 78% about internal U.S. divisions. The desire to leave fell along party lines, with 52% of Kamala Harris voters more or much more likely to seek a residency elsewhere, to only 15% of Trump voters.
In the past few months, says Arton CEO Armand Arton, the firm has seen a rise in inquiries from the U.S., accelerating in the new year. Americans were 1% of Arton's business in 2023; last year, they represented 10%. London's Henley & Partners, with more than 220,000 wealthy clients from more than 200 countries, notes a similar trend. Applications from U.S. citizens spiked 98.3% in 2025 from a year earlier, after rising 60% in 2024 from 2023.
Write to Abby Schultz at abby.schultz@barrons.com
Last Week
Markets
President Donald Trump said he would impose new tariffs on eight European countries unless they supported his seizure of Greenland. Gold and silver hit new highs; the dollar, Treasuries, and European stocks fell. U.S. markets fell hard on Tuesday. Japanese Prime Minister Sanae Takaichi announced snap elections, and government bond yields spiked. The Supreme Court heard arguments over whether Trump could fire Federal Reserve governor Lisa Cook. Stocks rallied after Trump at Davos seemed to back off invasion and tariff threats, and said there was a framework for a deal. On the week, Dow industrials were off 0.5%; the S&P 500, 0.4%; and the Nasdaq Composite, 0.1%.
Companies
Sequoia Capital joined a $25 billion funding round for Anthropic. Kraft Heinz said Berkshire Hathaway could sell nearly all of its 27.5% stake in the food giant. Trump sued JPMorgan Chase for $5 billion over the bank cutting ties with him in 2021. China cleared purchases of Nvidia's H200 chip. Intel missed on earnings, and shares shed 17%.
Deals
GSK agreed to buy biotech RAPT Therapeutics for some $2.2 billion...The U.S. rail regulator said Union Pacific and Norfolk Southern's merger application is incomplete, putting the $71.5 billion deal on hold... Netflix revised its $72 billion bid for Warner Bros. Discovery to all cash...Crypto custody firm BitGo Holdings went public, raising $213 million...A U.S.-led joint venture officially acquired TikTok from Bytedance.
Next Week
Monday 1/26
The Census Bureau releases the durable goods report for November. Consensus estimate is for new orders for manufactured durable goods to rise 3% month over month after falling 2.2% in October.
Tuesday 1/27
Four of the Magnificent Seven announce results in a big earnings week as about a fifth of S&P 500 index companies are set to report. Boeing, General Motors, United Parcel Service, and UnitedHealth Group release earnings on Tuesday. Companies with a combined market value of more than $8 trillion announce quarterly results on Wednesday, including ASML Holding, AT&T, IBM, Meta Platforms, Microsoft, Starbucks, and Tesla. Apple, Caterpillar, Mastercard, and Visa hold conference calls to discuss earnings on Thursday. American Express, Chevron, Exxon Mobil, and Verizon Communications close out the week with their quarterly results on Friday.
Wednesday 1/28
The Federal Open Market Committee announces its monetary-policy decision. The FOMC is widely expected to keep the federal-funds rate unchanged at 3.50%-3.75%. Traders are pricing in about two quarter-point interest-rate cuts this year, with the first one coming early this summer.
The Numbers
7.9 M
Births in China last year, the lowest since 1949, below the previous low in 2024 of 9.5 million births.
2,242
The total number of U.S. measles cases reported in 45 U.S. states in 2025, the most in 33 years.
$22 B
Estimate of the total inventory of the top five global spirits companies, the highest in more than a decade.
$4.6 T
Value of global real estate Gen Xers and millennials will inherit in the next decade. The U.S. slice: $2.4 trillion.
Write to Robert Teitelman at bob.teitelman@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 23, 2026 20:27 ET (01:27 GMT)
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