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US President Donald Trump's $100,000 fees hike for specific H-1B visa hires has sparked debate among various industry representatives, with many expressing their views on its effects on the US economy. Xavier Fernandes, the founder of the immigration agency Y-Axis, stated that the policy might be more detrimental to the US than beneficial. In an interview with CBS News programme on India's IT sector and H-1B visas, Fernandes said, "It's definitely America's loss. Many CEOs are from Hyderabad. ...Read More >
(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
New Delhi: Tensions have been running high in Los Angeles as thousands of protesters took to the streets to demonstrate against federal immigration raids that began on Friday. The protests, sparked by sweeping raids resulting in over 118 arrests in the LA area over the past week, quickly spread to Latino-majority areas like Paramount and Compton. Demonstrators gathered outside the downtown federal building, including near a detention center, and additional protests erupted in Compton and Paramou ...Read More >
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