HOMELAND SECURITY AND COMMERCE
Nvidia earnings next Tuesday, Congress on Wednesday: Jensen Huang faces the most consequential 48 hours of his career
Nvidia CEO Jensen Huang faces mounting scrutiny as the company prepares to report earnings on November 17 and Republican lawmakers seek a congressional briefing the following day. An independent board investigation into his relationship with Alice Huang, who is suspected of Chinese intelligence links, has added to questions about national security and chip sales.
US Midterm Election 2026 Results: List of Republican candidates who have won seats in the Senate
In the midst of the midterm elections, Republican candidates are poised to gain several Senate seats. Florida’s Ashley Moody has narrowly edged out Democrat Angie Nixon, while Shelley Moore Capito from West Virginia appears set for her third term after overcoming Rachel Fetty Anderson. Additionally, Harriet Hageman has secured her Senate position in Wyoming, taking over from Cynthia Lummins.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
China defends DeepSeek after US ban of its AI from government systems
In a fierce response to the US ban on DeepSeek's AI products, China has issued a grave warning about possible repercussions. The Department of Homeland Security directed federal agencies to remove all DeepSeek products. Beijing contends that this ban is not only unfair but also a threat to its economic interests, reproaching the U.S. for excessive national security measures.
US banning Chinese AI DeepSeek from government agency IT systems
The department is also banning acquisition of DeepSeek products and third-party services developed using DeepSeek by US civilian government agencies. DHS said DeepSeek models pose "multiple threat vectors" and raised concerns that use of the product "may result in the transfer of sensitive data to the PRC if used by US government employees or vendors."
H-1B visa fee: Second US judge blocks Trump’s $100,000 charge
A federal judge recently blocked a substantial fee that was imposed on H-1B visas by Donald Trump. The ruling was based on the failure of government agencies to follow necessary procedures. A coalition of unions and nonprofits had sought this legal action, with another judge already blocking the fee in Boston. Trump's extension of the fee has raised concerns among businesses that rely on skilled foreign workers.
These large-cap stocks have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 29%, according to analysts
After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President Trump keeps announcing. Now, there is no way of knowing what will happen in terms of the latest 100% tariff announced around Russian oil imports. Even the person who has signed off on the tariff perhaps does not quite know what he did and why he did it. The market can only hope that nothing truly disruptive to the global economy is actually implemented.
US firms laying off Americans and hiring H-1B workers to face closer scrutiny: What Trump's new order means
US President Donald Trump has directed federal agencies to consider employers' past and planned layoffs when reviewing H-1B visa petitions and related applications. The order also calls for the use of federal economic data and a review of previously submitted labour condition applications, potentially increasing scrutiny and enforcement against sponsoring employers.
Pawan Khera flags H-1B fee extension, warns of impact on Indian IT talent
The US administration has renewed a USD 100,000 fee for certain H-1B visa petitions. This move could significantly affect Indian IT professionals and students seeking employment. Smaller companies may now avoid sponsoring H-1B visas altogether due to increased costs. Indian professionals might explore opportunities in the UK, Canada, and Australia. This policy change aims to strengthen program integrity and curb perceived abuses.
US moves to impose more than $100,000 fee for H-1B worker visas
The U.S. Department of Homeland Security plans to raise the H-1B visa fee to $103,265, according to a notice posted in the Federal Register on Monday.
Trump administration starts laying off over 4000 federal workers amid US government shutdown chaos
The Trump administration has begun laying off over 4,000 federal workers amid the government shutdown, with job cuts impacting agencies like Treasury, Health and Human Services, and Homeland Security. This move follows threats to reduce the federal workforce during the funding impasse, drawing criticism and legal challenges from labor groups.
Trump's Paris AI summit delegation won't include AI Safety Institute staff, sources say
US attendees will include members of the White House Office of Science and Technology Policy: Principal Deputy Director Lynne Parker and Senior Policy Advisor for Artificial Intelligence Sriram Krishnan, an OSTP spokesperson said.
US cites pressure from China, warns investors on Hong Kong
The business advisory underscored how swiftly China's push for more control over Hong Kong has brought an end to the “one country, two systems” approach that Beijing had promised when it took back control of the former British colony in 1997.
China blasts US over trade restrictions on Xinjiang firms
The White House said in a statement Thursday that the use of forced labour was part of Beijing's systematic effort to repress millions of ethnic Uyghurs and other minorities in the far-west region.
Microsoft says it found malicious software in its systems
Microsoft also had its own products leveraged to attack victims, said people familiar with the matter
In fight over H-1B visas Donald Trump points to Presidential authority
The president’s order freezes new H-1B and H-4 visas, used by technology workers and their families, as well as L visas for intra-company transfers and most J visas for work- and study-abroad programs, including au pairs, through the end of the year.
US launches multiagency probe into Pakistan nuclear smuggling network
In a significant development, the office of the District Attorney of New Hampshire in United States recently announced that five men had been indicted by a federal grand jury in October 2019 for running an international procurement network of front companies to smuggle sensitive high-tech equipment and technologies – to Pakistan Atomic Energy Commission.
End protectionism to remove hurdles in Indo-US trade: Rajnath Singh
Union Home Minister Rajnath Singh said this while addressing a programme organised by the Indo-American Chamber of Commerce in Hyderabad.
US Secretary of State John Kerry to arrive in India on July 30
The ministry said Swaraj and Kerry will exchange views on regional and global issues of mutual interest during the annual Strategic Dialogue.
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