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World

Trump Announces $100,000 H-1B Visa Fee: Tech Industry Reacts

by Priya Shah – Business Editor September 21, 2025
written by Priya Shah – Business Editor

Tech Companies Advise H-1B⁢ Visa Holders to Limit international Travel ⁢Amid New Restrictions

Recent policy⁤ changes by the Trump management have prompted several major technology companies to advise their employees holding H-1B visas ⁣to exercise caution with international travel, adn in some⁢ cases, to remain in the ⁢United States. These advisories follow an proclamation of increased scrutiny and fees associated with H-1B visa ⁤applications, representing the administration’s moast ​notable effort yet to restrict employment-based ⁤legal immigration.

According ‍to sources, a law firm​ representing multiple companies sent a memo urging H-1B visa holders to avoid international travel until further guidance is provided. Specifically,Goldman ‌Sachs communicated to employees with H-1B⁣ visas to be cautious ​when traveling internationally,based on advice from immigration services firm‍ Fragomen. Microsoft has reportedly advised H-1B visa holders‍ to remain⁤ in the U.S.,and those currently abroad to return,warning ‍that international ‍travel could jeopardize their immigration status.

the ⁢new⁣ fee structure​ represents a significant escalation in the administration’s broader⁤ crackdown on both legal and illegal immigration, initiated‌ since taking ⁢office‌ in January. While previous actions⁣ targeted various aspects of immigration, this announcement focuses specifically ‍on employment​ visas.

Data indicates ​that Amazon employed the largest number of H-1B​ holders, exceeding 14,000 as of the end ‌of June. Other top recipients include Microsoft,⁤ Meta, Apple,‌ and Google, each holding ⁤over 4,000 H-1B visas among the ⁣top 10 recipients ⁤for the ​fiscal year‌ 2025.

The White House defended the changes, with⁣ spokeswoman Taylor rogers stating the action “puts American workers⁤ frist” by discouraging companies from ⁢exploiting the system ⁤and possibly⁤ suppressing wages. Rogers also asserted the policy provides clarity ⁢for businesses seeking to legitimately bring high-skilled workers⁢ to the U.S.

The announcement has also triggered responses from foreign governments. India’s Ministry of External affairs stated it is assessing‍ the implications of the visa restrictions, emphasizing the shared interest of both ​Indian and U.S. industries in maintaining innovation competitiveness.‌ The Ministry also expressed concern over the potential‍ disruption to families.​ ⁤South korea’s foreign​ ministry similarly announced it is evaluating the impact on Korean firms ⁢and ‍skilled workers.

CNBC has reached out to the public companies listed among​ the top 10​ H-1B recipients for comment, and is awaiting a response from the White House.

September 21, 2025 0 comments
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World

The Fed cut its interest rate, but mortgage costs went higher

by Priya Shah – Business Editor September 20, 2025
written by Priya Shah – Business Editor

Mortgage Rates Rise Despite federal Reserve Rate ‌Cut, Sparking Housing market Concerns

WASHINGTON – September 20, 2025 – In a surprising ‌turn, ‌mortgage rates are climbing even after the⁣ Federal ‍Reserve lowered interest rates this week, adding​ pressure to the ⁢housing market and raising questions about the effectiveness of monetary policy in influencing consumer borrowing costs.The ‍unexpected move highlights the ‍complex interplay‌ of factors driving long-term interest rates, including global economic conditions and investor expectations about future economic growth.

The 10-year Treasury yield, ‍a benchmark for mortgage rates, has​ remained largely unchanged since the beginning of⁣ 2024,‌ despite multiple rate cuts ⁣by the Fed, according to⁢ market​ analysis.This suggests that forces beyond the central bank’s⁤ control are at play.

“It’s noteworthy that the 10-year note yield is little changed compared with early ‌2024, despite the​ Fed ⁤cutting rates multiple times since then,” noted Peter Boockvar, of One Point.

The increase in longer-term yields directly impacts ⁣the cost of⁢ major ⁢purchases financed with loans, including homes and automobiles, as⁢ well as credit card interest rates. Mortgage rates⁤ rose following the Fed’s recent rate cut, ‍reversing a trend that saw them ​reach a three-year low ahead of⁢ the central bank’s action.

the housing market is already ⁢feeling the strain. Homebuilder ⁤Lennar⁣ (LEN) reported missing wall Street’s revenue expectations for ⁣the ​third quarter on Thursday and ⁤issued weak guidance ‌for deliveries in the current quarter. Lennar Co-CEO Stuart Miller stated the company faced “continued pressures” and ⁤”elevated” ⁢interest ‌rates throughout much of the third ‌quarter.

Bond market investors ⁢are ​focused on the “bigger picture,” according to Chris Rupkey, chief economist at FWDBONDS. “It’s not the journey, it’s​ the destination,” he ⁣said, explaining⁢ that investors are assessing the Fed’s projections for⁤ future rate cuts and the perceived neutral rate on the Fed⁤ funds⁣ rate to ⁣determine the “end game.” “The ​bond market really will react once it is assured that the ‍central bank⁢ is going to lower the⁣ rates dramatically.”

Boockvar also pointed to the influence of international⁤ yields, which are also trending upward, emphasizing the importance⁤ of monitoring global economic⁣ developments and the actions of foreign central banks.

Though, Rupkey cautioned against celebrating declining yields, as they frequently enough signal an impending recession. He ‍attributed ‍this week’s yield increases, in ⁤part, to falling unemployment ⁤filings,‌ suggesting a reduced risk of an economic downturn.

“Don’t rejoice so much​ about getting​ bond​ yields down, as it may mean that it’s impossible for you to find work,” Rupkey warned. “Unluckily, the bond market ⁤only really embraces⁢ bad news… terrible news.”

September 20, 2025 0 comments
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Technology

Wall Street Analyst Ratings: Stocks Upgraded and Downgraded

by Rachel Kim – Technology Editor September 19, 2025
written by Rachel Kim – Technology Editor

Okay, here’s a ​breakdown of the⁣ analyst ratings changes, categorized for clarity. I’ve included the firm, the stock, the change, and a brief ⁢reason. I’ve also grouped them by “Upgrade/Initiate Buy” and “Downgrade/Hold” for easy⁤ scanning.

Upgrades & New⁣ “Buy” Initiations

* Stellantis⁢ (STLA): Roth⁣ upgraded to Buy – Improving inventory & upcoming product momentum.
* ‍ beauty Health (SKIN): Roth initiated Buy ⁢ – Turnaround story, $3.50 price target.
* ⁢ Tesla (TSLA): Baird upgraded to outperform from Neutral – Anticipates “physical AI ⁣inflection” and shift in investor focus to ⁣future potential.
* CoreWeave (CRWV): Loop⁣ initiated Buy ‍ – Bullish on its position as a leading‌ “Neocloud” provider, favored by Nvidia and major AI labs.
* Lincoln​ National (LNC): Morgan Stanley ⁣upgraded to Overweight from Equal Weight – Turnaround ⁢on track, shifting to a capital-light business, profitable growth.
* ‌ Klaviyo (KVYO): ‍ Morgan Stanley upgraded to Overweight ⁣ from⁣ Equal Weight – Positioned for⁣ durable 20%+ growth as it expands beyond email marketing.
* Intel (INTC): Benchmark​ upgraded⁤ to Buy from Hold ⁢- Recommend buying dips following Nvidia deal.
*​ ⁤ Toast (TOST): Deutsche Bank⁢ reiterates Buy – Sees it​ as a⁣ long-term “winner”​ in fintech despite⁣ near-term trading​ choppiness.
* Bill.com Holdings (BILL): Truist upgraded to⁣ Buy from Hold ‍- expects upside to revenue growth, increased ⁣price⁣ target to $63.
* SiteOne Landscape ⁣supply (SITE): Loop upgraded to Buy from Hold – Turnaround story, positive outlook for FY26‌ after commodity deflation headwinds.
* ​ Kinder Morgan (KMI): BMO initiated Outperform – Positive global ‍power demand tailwinds, $32 price ⁣target.
* Williams Companies (WMB): BMO initiated‍ Outperform – Positive global power ⁣demand tailwinds,$66 price ​target.
* laureate Education: UBS initiated Buy – Shares​ have room to run.

Downgrades & Holds

* ⁣ MetLife (MET): Piper ⁢sandler‍ downgraded⁤ to‍ Neutral from Overweight – Valuation⁤ concerns; shares⁤ approaching fair value‌ ($84 price target).
* ⁣ ⁢ Apple (AAPL): JPMorgan reiterates Overweight – Raised price target to $280, positive early demand for iPhone 17. (While a reiteration, the price target increase is a positive signal).

Key Themes & Observations:

* Turnarounds are Popular: Several upgrades (Stellantis, Beauty Health,‍ Lincoln National, ‍SiteOne) are based on the belief that these companies are in the midst of successful turnarounds.
* ​ AI is a Big Driver: Tesla’s upgrade is ⁢heavily tied to AI potential, and CoreWeave’s initiation is based on its role in the AI infrastructure space.
* Growth Potential: Klaviyo and⁣ Bill.com⁣ are highlighted for their strong growth prospects.
* ‍ Valuation Concerns: MetLife’s downgrade is a reminder that valuation matters, even for‍ good companies.
* Positive iPhone 17 Demand: Apple is seeing strong early demand‍ for its new ‌iPhone.

Disclaimer: I am an AI⁣ chatbot and ⁤cannot provide financial​ advice.⁣ This information is for general knowledge and informational purposes ‌only, and ​does⁢ not‌ constitute investment advice. You should ⁣consult with a qualified financial advisor before making any investment ⁢decisions.

September 19, 2025 0 comments
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World

Nikkei 225: Asia Markets Rise Amid Fed Signals & Inflation Drop

by Lucas Fernandez – World Editor September 19, 2025
written by Lucas Fernandez – World Editor

Nikkei Jumps​ as BOJ Rate Hike Bets Build Despite Cooling ⁢Inflation

Tokyo – Japan‘s Nikkei 225 surged ⁣0.84% Friday, leading gains across much of Asia, as markets⁢ anticipate the⁢ Bank of Japan (BOJ) may soon end its ultra-loose monetary policy ‍despite recent data showing⁤ a slowdown in ⁣core inflation. The move ⁤comes amid growing ​confidence in Japan’s economic resilience and following signals from the Federal Reserve that it ⁤is indeed embarking ​on an easing rate path.

Economists polled by ‌Reuters⁤ expect⁤ the BOJ ‍to hold policy rates ⁤steady at 0.5% at⁤ its upcoming meeting. However, HSBC analysts forecast a 25 basis point rate hike at the BOJ’s October⁢ meeting,‌ a view supported ⁣by recent ⁣economic ⁢indicators. Japan’s core⁣ inflation rate, which excludes fresh‍ food prices, ⁤fell ⁤to 2.7% in August‍ -​ its‌ lowest level sence November 2024‍ and a third ‍consecutive ⁤monthly decline, according⁢ to government data. Headline⁢ inflation ​also dropped to 2.7% ‌from 3.1% in July, also marking a low not seen since November ⁣2024.

Despite the cooling inflation, analysts point ⁢to stronger-than-expected second quarter ‍GDP growth ‌as a key factor supporting a potential ⁢policy shift. BOJ officials are reportedly seeking signs of economic strength, and ​the recent GDP print “certainly delivered,” according to the HSBC analysis.

Elsewhere in the region, Australia’s ASX/S&P 200⁣ climbed 0.77%. South Korea’s ‌Kospi and small-cap ⁣Kosdaq were flat at the ⁤open.⁤ Hong Kong’s Hang Seng Index slid 0.4%, while ⁣the mainland’s CSI 300 added 0.13%.

The positive ‍sentiment follows a strong session in the U.S., where the S&P 500 closed ⁢up 0.48%⁤ at 6,631.96, the Nasdaq composite popped 0.94% to ‌22,470.73,​ and the Dow‍ Jones Industrial average ⁣added 124 points,‌ or 0.27%,to close at 46,142.42. All three major U.S.indexes ⁤reached fresh all-time ⁣intraday ‍highs on Thursday.

Yields on Japan’s 2-year government bonds ⁢rose to 0.885%, the highest since June 2008, ‍according to LSEG data.

September 19, 2025 0 comments
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Business

Asia Markets Rally on Fed Rate Cut, Chip Stocks Rise

by Priya Shah – Business Editor September 18, 2025
written by Priya Shah – Business Editor

asian Markets⁤ Rise Amid ⁣nvidia Chip Ban Report, Anticipation of ‍Bank of Japan Decision

Asian stock markets experienced gains Wednesday following reports of a Chinese ban on Nvidia‘s artificial intelligence chips. Japan’s Nikkei 225 climbed 0.73%, closing at 38,787.38.South‌ korea’s Kospi rose ​1.13% to 2,741.23.

Shares of SK Hynix,⁢ a memory chip supplier to Nvidia, increased by 5.85%. ⁤TSMC, Nvidia’s manufacturer of high-performance graphics processing⁣ units, saw a 1.58% rise.​ Samsung Electronics was up 2.94%. Advantest gained 4.95%, while ⁤Tokyo Electron⁣ jumped ​4.97%.

The Bank​ of Japan ⁢began its⁣ two-day policy meeting,with most ‌economists predicting steady policy rates. HSBC ⁣anticipates no change in the upcoming meeting⁣ but forecasts a 25 basis point hike to 0.75%⁣ at the October meeting.”Bank of Japan officials are looking for signs of economic ⁤resilience, and⁢ we‌ believe‌ that the second ⁤quarter GDP print, which outperformed market expectations, certainly​ delivered,” HSBC economists wrote. ⁣

U.S. ‌stock ⁣futures⁢ edged ‌higher⁣ as ⁣investors reacted​ to‌ the Federal ⁤Reserve’s‍ recent ‍rate cut. Overnight, the Dow ​Jones Industrial Average ‍closed up 260.42 points, or 0.6%, at 46,018.32, after reaching an all-time high. The ⁤S&P 500 settled down 0.1% at 6,600.35, and the Nasdaq Composite dropped ​0.3% ⁤to 22,261.33.

“In addition⁢ to the‍ political jabs‌ aimed at them, the​ Fed is in a tough spot. They expect stagflation, or ‍higher inflation and a weaker labor market.That is not a‌ great environment for financial assets,” said Jack McIntyre, Portfolio Manager at Brandywine Global.

September 18, 2025 0 comments
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Business

Bitcoin Price Prediction: Inverse Head and Shoulders Pattern Amid Fed Rate Cuts

by Priya Shah – Business Editor September 17, 2025
written by Priya Shah – Business Editor

Bitcoin Eyes Potential ⁢Upside Breakout, Mirroring Historical Patterns

Bitcoin ⁤(BTC) is currently ⁣forming a ‌potential inverse head and shoulders pattern, ⁢a technical indicator that could signal a bullish reversal. This growth‍ comes as Bitcoin’s recent price‌ action has, at times, diverged‌ from and then mirrored movements‌ in ‍the S&P 500 (SPX).

Historically, ‍Bitcoin and the S&P 500 haven’t always moved⁢ in lockstep. In 2025 (referencing ​the article’s timeframe), Bitcoin topped in January while ​the S&P 500 remained near its highs ⁣for several weeks. Bitcoin’s subsequent decline acted as a⁢ leading indicator, with the ‌S&P 500 following suit. Both assets ultimately ‍bottomed in April. ⁣More‌ recently,Bitcoin experienced a peak in August,while the S&P 500‍ briefly matched it before continuing to climb.

The ideal scenario, according to ⁣analysis,⁤ is for the S&P‍ 500 to lead a rally, pulling Bitcoin⁤ higher and ⁤potentially allowing‌ it to surpass its previous​ high. The current inverse head⁣ and ⁣shoulders pattern, developing over the ‍last four weeks, is a key component​ of ‍this potential move. ‍The pattern has taken shape just below the ‌$117,000 level,⁣ with Bitcoin holding its late-August low, rallying, ⁣and ‌then pausing to form a possible right shoulder.

A traditional⁢ measurement ‌of ⁤this pattern‌ suggests a target price ​of around $127,600, which would exceed Bitcoin’s early August high. Further ‍momentum could ‍push the ‍price towards $142,000.Bitcoin has‍ recently “backed and filled,”‌ briefly dipping below​ a breakout⁢ zone but rebounding each time, demonstrating ​support.⁤ A similar breakout in November ‍of last⁣ year preceded a important price increase.

Contributing to a potentially bullish outlook is Bitcoin’s historical seasonal strength in the fourth quarter. additionally, Bitcoin is currently trading within a downsloping channel, which,​ within a⁢ long-term‌ uptrend (established​ sence ​late 2022), is​ often ⁤considered ‍a bullish signal. Bitcoin has previously broken out of five ‍similar downward-sloping ranges.However, the follow-through from the last two breakouts was less pronounced.

Momentum,as measured by ⁢the 14-week Relative Strength Index (RSI),is a key factor. The RSI has topped ⁣just below 70 twice this year, compared to​ stronger readings in late 2023 and early 2024, when ​it reached the 80s‍ and high 70s. A similar surge in the RSI would be ‌needed to confirm a ⁢stronger advance.​ Historically, prior ‌bullish⁢ breakouts were followed by ample gains – over 130% in late 2023 and 50% in 2024.

Frank⁢ Cappelleri,Founder of CappThesis,emphasizes Bitcoin’s ​influence on global risk appetite and its critical role in the​ direction of U.S.‍ and worldwide equities.

Disclaimer: This analysis is based on‌ the provided text and does ‍not constitute financial advice. All opinions expressed are solely those‌ of the original author and should not be interpreted as a recommendation​ to buy or sell ⁤any security.

September 17, 2025 0 comments
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