Category: economy
The U.S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program
The post The U. S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program appeared com. The U. S. Chamber of Commerce has filed a lawsuit against President Trump’s administration to stop the new $100,000 H-1B visa fee, arguing that it violates U. S. immigration law and would devastate businesses that depend on skilled foreign workers. The case is the first legal challenge the Chamber has brought against Trump this term, according to court filings lodged on Thursday in the U. S. District Court for the District of Columbia. The Chamber the fee as “not only misguided policy” but “plainly unlawful,” and asked the court to strike down the rule as an abuse of executive power. Before this change, H-1B visa costs were usually below $5,000, excluding attorney fees. But under Trump’s new rule, companies would have to pay $100,000 per visa, a twentyfold increase. For industries like technology, manufacturing, education, health care, and finance, the Chamber warned, this could shut off access to specialized workers altogether. Chamber warns the new fee will hurt U. S. businesses “The new $100,000 visa fee will make it cost-prohibitive for U. S. employers, especially start-ups and small and midsize businesses, to utilize the H-1B program, which was created by Congress expressly to ensure that American businesses of all sizes can access the global talent they need to grow their operations here in the U. S.,” Neil Bradley, executive vice president at the U. S. Chamber, said in a statement. The Chamber’s decision to sue is striking because it has mostly stayed silent on other controversial Trump policies, like the nasty tariffs that have caused turmoil for small manufacturers. This time, however, the group said the new H-1B structure would hurt American competitiveness and block innovation. The White House announced the rule in mid-September, triggering confusion across companies that sponsor H-1B workers and among the visa holders themselves. Many feared losing their legal status, until the administration.
Glacier Bancorp GAAP EPS of $0.57 misses by $0.04, revenue of $260.73M misses by $0.28M
Glacier Bancorp GAAP EPS of $0.57 misses by $0.04, revenue of $260.73M misses by $0.28M
Greene rebukes Trump administration’s multi-billion dollar bailout for Argentina
Rep. Marjorie Taylor Greene (R-Ga.) sharply criticized the Trump administration on Thursday for seeking to provide as much as $40 billion in financing for Argentina to help the Latin American ally stabilize its turbulent financial markets. Greene — a staunch Trump ally who’s bucked her party on numerous issues in recent weeks — argued Argentina…
SUI Bounces at $2.55, But Heavy Sell Wall Looms
The post SUI Bounces at $2. 55, But Heavy Sell Wall Looms appeared com. Key Insights: SUI price holds support near $2. 55 but struggles to break resistance due to low buying volume. Higher lows on the weekly chart suggest structure remains valid despite strong overhead resistance. On-chain growth continues with rising TVL and new partnerships, but price awaits volume confirmation. SUI Bounces at $2. 55, But Heavy Sell Wall Looms Sui (SUI) was trading near $2. 68 after a weekly decline of over 20%. While the price remains above key support, weak momentum and strong resistance are limiting further upside. Traders are watching to see if the current range will hold or break in the coming sessions. Short-Term Support Holds Near $2. 55 The 4-hour chart shows SUI reacting around $2. 55-$2. 58, where it found support earlier in October. Each bounce from this level has struggled to gain follow-through. Price has failed to test nearby resistance zones between $2. 90 and $3. 40. Volume is low, suggesting limited buyer interest. The Relative Strength Index (RSI) sits near 40, pointing to a weak recovery after a dip into oversold territory. The lack of momentum is keeping the market in a tight range. Weekly Chart Shows Structure Holding On the higher time frame, SUI continues to form higher lows. It is still trading above the support zone near $2. 63, which was the base for the previous breakout in late 2024. This area has held through multiple pullbacks. Michaël van de Poppe commented that the pattern is still intact. He noted,“The structure hasn’t changed on UI,” referencing the ongoing higher lows as a sign that the trend is not broken. Resistance around $4. 20 has been tested several times, and the repeated attempts suggest that sellers may be weakening. He.
Kraken Acquires CFTC-Licensed Small Exchange for $100 Million
The post Kraken Acquires CFTC-Licensed Small Exchange for $100 Million appeared com. Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U. S. Small Exchange Deal Expands Kraken U. S. Derivatives Reach Kraken has taken another decisive step in its U. S. expansion by acquiring Small Exchange, a [.] Source:.
T-Mobile overtakes Verizon and AT&T in subscriber growth — Wells Fargo
T-Mobile overtakes Verizon and AT&T in subscriber growth — Wells Fargo
Look Under The Hood: SPHQ Has 11% Upside
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
European indexes hover around flatline as investors analyze political uncertainties
European indexes hover around flatline as investors analyze political uncertainties
The New York Times
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CSX outlines Q2 2026 double stack launch and targets volume growth as network projects finish
CSX outlines Q2 2026 double stack launch and targets volume growth as network projects finish