Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025.Kent Nishimura | ReutersNvidia CEO Jensen Huang and OpenAI CEO Sam Altman on Monday commented on President Donald Trump’s decision to increase the cost of hiring overseas workers on visas.Trump on Friday announced that he would raise the fee for an H-1B visa to $100,000, leaving companies scrambling. Employers now must have documentation of the payment prior to filing an H-1B petition on behalf of a worker. Applicants will have their petitions restricted for 12 months until the payment is made, according to the…
Author: usaeverydaylife
The stock market scaled to record levels recently, leading some executives at major corporations to cash in. Below is a roundup of some notable stock sales by executives or officers of major companies, filed with the Securities and Exchange Commission last week. These exclude where the filing explicitly says the sale was conducted pursuant to preplanned 10b5-1 trading plans, focusing instead on discretionary activity. The data comes from VerityData and is confirmed against the original SEC filings (three-month percent change as of Friday’s close). Rocket Lab (RKLB) director Matthew Ocko Sold 1.87 million shares at an average price of $48.20…
As President Donald Trump’s H-1B visa fee plan rattles corporate America, Baird has data that can give clues on which technology and services sector companies could be hit the hardest. Trump said late Friday he would place a $100,000 tax on the visa program, which is known to help companies get highly skilled workers from places like India and China. The White House clarified that it would be applicable only to new visas and is not an annual charge. Still, the change sent companies and governments around the world scrambling to assess implications over the weekend. Given that, Baird provided…
Attendees during a media tour of the Revolution Wind construction hub at the Port of Providence in Providence, Rhode Island, US, on Thursday, June 13, 2024. Adam Glanzman | Bloomberg | Getty ImagesA federal judge on Monday allowed Danish renewable energy company Orsted to resume construction on an offshore wind farm that the Trump administration had blocked.The judge’s decision is a setback for President Donald Trump’s effort to shut down the offshore wind industry in the U.S. The Interior Department had ordered Orsted on Aug. 22 to halt construction on Revolution Wind off the coast of Rhode Island and Connecticut.…
Zohran Mamdani, Democratic candidate for mayor speaks during a press conference celebrating his primary victory with leaders and members of the city’s labor unions on July 2, 2025 in New York. Angela Weiss | Afp | Getty ImagesZohran Mamdani, the front-runner in the New York City mayor’s race, said Monday that he was canceling an upcoming town hall with an ABC affiliate in protest of the network’s suspension of Jimmy Kimmel’s late-night talk show under pressure from the Trump administration.”I am withdrawing not as an indictment of the local affiliate or the hardworking journalists, but rather in response to the…
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines is planning to furlough about 1,800 flight attendants, roughly a third of its cabin crew members, to cut costs as the budget airline struggles in its second bankruptcy in less than a year.”As we work to return Spirit to profitability, we face difficult decisions about our network, our fleet, and ultimately our workforce,” John Bendoraitis, Spirit’s chief operating officer, wrote in a memo sent to flight attendants on Monday, which was reviewed by…
President Donald Trump speaks before signing executive orders in the Oval Office at the White House on September 19, 2025 in Washington, DC. Andrew Harnik | Getty ImagesPresident Donald Trump raised the fee for an H-1B visa to $100,000 on Friday, leaving companies scrambling to respond.With many left wondering whether their careers will remain in tact, here’s a breakdown of the new H-1B fees:What did Trump change?As of Sunday, H-1B visa applications will require a $100,000 payment. Previously, visa fees ranged from $2,000 to $5,000 per application, depending on the size of the company.Employers now must have documentation of the payment…
[The stream is slated to start at Noon ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]New Federal Reserve Governor Stephen Miran speaks Monday to the Economic Club of New York to explain his views on the economy and monetary policy.The appearance comes less than a week after Miran voiced the lone dissent from the Federal Open Market Committee’s decision to lower its key overnight borrowing rate by a quarter percentage point. Instead, Miran favored a half-point reduction.Miran was confirmed last Tuesday, after President Donald Trump…
Check out the companies making headlines in midday trading : Better Home & Finance Holding — The mortgage lender briefly soared as much as 176% Monday after hedge fund manager Eric Jackson in a social media post on X called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Oracle — The software company’s stock rose nearly 5% after it named Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, preside of Oracle Industries, as chief executive officers . The pair replace Safra Catz, who will…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — “There are three kinds of lies,” Mark Twain once apocryphally said. “Lies, Damned Lies, and Statistics.” Lying with statistics, or, at least, misleading or persuading with them, is a Wall Street specialty since the first trades went off beneath the Buttonwood tree. Here’s a recent example: we could easily make the case for or against the S & P 500 energy sector being a “good investment” based on when we choose to start the chart from.…
