Lawmakers seek answers from major US firms over H-1B visa use amid layoffs, WSJ reports

Lithuanian lawmakers have approved a new coalition government, aiming to resolve the ongoing protests that have persisted for months. The unrest was largely fueled by concerns over the inclusion of a party whose leader has been accused of making antisemitic remarks. This development is significant as it reflects the government's attempt to stabilize the political landscape and address public concerns, potentially paving the way for a more unified approach to governance.

China has added six US firms to its export control and unreliable-entity lists, escalating tensions in trade relations between the two countries. This move reflects China's ongoing strategy to counter perceived threats from foreign companies and protect its national interests. The implications of these actions could lead to further complications in international trade, affecting not only the companies involved but also the broader economic landscape.

Jamie Dimon, a prominent figure on Wall Street, has raised concerns about the potential impact of President Trump's proposed $100,000 fee on H-1B visas. He predicts that this could lead to significant pushback from big employers who rely on these visas to access top talent. JPMorgan's economists estimate that the fee could result in a loss of up to 5,500 work authorizations each month, which could have serious implications for the U.S. labor market and its ability to attract skilled workers. This situation highlights the ongoing debate over immigration policy and its effects on the economy.

Silicon Valley start-ups are expressing significant concern over a new $100,000 fee for H-1B visas, which they fear could severely impact their ability to hire skilled foreign workers. With limited resources, companies like Delve, an AI start-up based in San Francisco, are particularly worried about how this financial burden will affect their hiring strategies. This change could stifle innovation and growth in the tech sector, making it harder for these start-ups to compete and thrive.

FAT Brands is currently in discussions with advisers as it navigates restructuring talks with its bondholders. This development is significant as it highlights the company's efforts to manage its financial obligations and stabilize its operations. The outcome of these talks could impact the future of the brand and its ability to continue expanding in the competitive food industry.

The Bank of Montreal is reportedly considering the sale of some of its branches in the United States, according to a report by the Wall Street Journal. This move could reflect the bank's strategy to streamline operations and focus on its core markets. Such decisions are significant as they can impact local economies and the bank's overall presence in the U.S. market.

The Bank of Montreal is considering selling its U.S. branches, which hold approximately $6 billion in deposits. This move reflects the bank's strategic shift as it evaluates its operations in the U.S. market. The potential sale could impact its presence in the region and reshape its focus on core markets, making it a significant development in the banking sector.

Coffee lovers are feeling the pinch as prices have surged by 21%, largely due to tariffs imposed on imports. Lawmakers are now stepping in, looking to roll back these tariffs to alleviate the financial burden on consumers. This matters because coffee is a daily staple for many, and rising costs can impact budgets and overall enjoyment of this beloved beverage.

The Trump administration has proposed a new H-1B visa process that aims to prioritize higher-skilled and better-paid workers. This change is significant as it could reshape the landscape of skilled immigration in the U.S., attracting top talent and potentially boosting the economy. By focusing on quality over quantity, the administration hopes to ensure that the H-1B program serves its intended purpose of bringing in the best and brightest from around the world.

The recent increase in the H-1B visa fee to $100,000 has raised concerns about the future of Indian professionals seeking opportunities in the U.S. This change, driven by President Trump's administration, could significantly impact the longstanding relationship between India and the United States, which has been built on the contributions of skilled workers. As many Indian professionals have relied on this visa to pursue their dreams in America, this new fee may deter future applicants and alter the dynamics of this vital connection.

JPMorgan is set to engage with stakeholders regarding the H-1B visa fee, as reported by Indian media. This discussion is significant as it highlights the ongoing dialogue around immigration policies and their impact on the workforce, particularly in the tech sector where many Indian professionals seek opportunities in the U.S. The outcome of these discussions could influence future visa regulations and the hiring practices of companies relying on skilled foreign labor.

Jonathan Clements, a beloved columnist for the Wall Street Journal, has passed away at the age of 62. Known for his insightful personal-finance columns, he wrote over 1,000 pieces that resonated with readers and helped many navigate their financial journeys. His contributions to financial literacy and journalism will be missed, highlighting the impact one voice can have in guiding public understanding of personal finance.

Flavio Briatore, the renowned Italian businessman and former Formula One team boss, has seen his net worth soar to an impressive $400 million by 2025. This remarkable financial achievement highlights his resilience and ability to thrive despite past controversies in the F1 world. Briatore's journey from scandals to success serves as an inspiring tale of redemption and savvy business acumen, making it a significant story in the realms of sports and entrepreneurship.

Dan Ives, a prominent tech analyst, has labeled Intel as 'the comeback kid' after the US government acquired a 10% stake in the company. This move comes as Intel seeks further investment from Apple, following a previous agreement with Nvidia. This is significant as it highlights a renewed confidence in Intel's potential to innovate and compete in the tech industry, especially in the chip market, which is crucial for various sectors.

NBA star Stephen Curry is not just a basketball icon; he's also a shining example of how sports can cultivate leadership skills that translate into the business world. As elite athletes like Curry transition into business roles, they bring unique perspectives and resilience that can inspire future leaders. This trend highlights the importance of sports in developing qualities such as teamwork, discipline, and strategic thinking, which are essential for success in the C-suite.

The White House is preparing for a potential government shutdown by requesting plans for mass firings across various agencies. This move highlights the serious implications of a shutdown, which could disrupt essential services and impact federal employees. As negotiations continue in Congress, the urgency of the situation underscores the need for a resolution to avoid significant economic and social consequences.

UBS has reported that while short-term funding remains volatile, the Federal Reserve's balance sheet drawdown is proceeding as planned. This is significant as it indicates the Fed's commitment to normalizing monetary policy after extensive stimulus measures, which could impact interest rates and economic stability.

Accenture has reported better-than-expected revenue figures, showcasing its strong performance in a rapidly changing market. The company is also planning a significant $865 million restructuring to adapt to the growing influence of artificial intelligence. This move is crucial as it highlights Accenture's commitment to innovation and staying competitive, which could lead to further growth and opportunities in the tech sector.