U.S. Suspends Microsoft From PERM Visa Program Over Immigration Abuse Allegations
The U.S. government has suspended Microsoft from the PERM labor certification program, creating talent retention risks for the tech giant.
Regulation
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American Express Agrees to $350 Million Regulatory Penalty
American Express has agreed to pay a $350 million regulatory penalty to resolve reviews of its financial crimes compliance program.
Trump and Vance Renew Push for Credit Card Competition Bill
Donald Trump and JD Vance endorse the Credit Card Competition Act, which aims to lower merchant swipe fees and could impact Visa and Mastercard.
VSBLTY Groupe Technologies Corp. Resumes Trading After Cease Trade Order Lifted
VSBLTY Groupe Technologies Corp. shares resumed trading on the CSE after regulators lifted a cease trade order following completed filings.
Terrestrial Energy Seeks NRC Approval to Build Thermal Facility Prior to Nuclear License
Terrestrial Energy has filed a report with the NRC to build its Thermal and Electric Facility ahead of nuclear licensing to accelerate timelines.
US Launches Visa Fraud Probe at Top Universities and Suspends Tech Firms from Labor Program
The US government has launched a J-1 visa fraud probe at nine elite universities and suspended major IT outsourcing firms from a key labor program.
Satellite and Telecom Stocks Slide on Mixed FCC Agenda Signals
AST SpaceMobile and NextNav stocks fell after the FCC released its October agenda, delaying a key proposal and sending mixed regulatory signals.
EU Regulator Moves to Block Access to Non-Compliant Stablecoins
EU regulator ESMA demands crypto platforms block all access to non-MiCA stablecoins, setting a January 2027 deadline for existing holders to exit.
RegulationNeutral
NFL Backs New Jersey in Supreme Court Petition Over Kalshi Sports Bets
The NFL and 39 states are urging the Supreme Court to review a case against Kalshi to clarify if states or federal agencies regulate prediction markets.
FTC Seeks to Enforce Investigation Into Block Over Frozen Account Complaints
The FTC is investigating Block, Inc. following over 1,500 consumer complaints about frozen accounts and poor customer service.
U.S. Government Bars Microsoft and Adobe From Sponsoring Permanent Residency
The U.S. government has blocked Microsoft and Adobe from a key residency program, raising concerns about a long-term technology talent drain.
Webull Rejects Congressional Panel Findings of Structural Ties to China
Webull Corporation (BULL) says a congressional report claiming structural ties to China gets key facts wrong, as its shares decline.
Wells Fargo Faces HUD Investigation Into Fair-Lending Compliance
Wells Fargo faces a HUD probe into its minority lending practices, threatening to disrupt its recent regulatory progress.
U.S. Scrutiny of Webull Raises China Risks for Futu and UP Fintech
A U.S. congressional probe into Webull Corporation has highlighted broader China-related regulatory risks for peers Futu Holdings and UP Fintech.
GoldCoast Resource Confirms Ghana Offshore Licenses Valid but Pauses Operations
GoldCoast Resource Corp. confirmed its offshore licenses in Ghana are valid, but operations are paused pending stakeholder engagement.
IMF Warns Tokenized Financial Markets Could Heighten Systemic Risks as Adoption Grows
The International Monetary Fund warned that tokenized markets could amplify traditional financial risks like liquidity runs as trading activity expands.
RegulationNeutral
US Suspends Permanent Labor Certifications for Microsoft, Infosys, and Wipro
The US government suspended permanent labor certifications for Microsoft and major IT outsourcing firms due to investigations into H-1B visa program abuse.
US Suspends Cognizant, Infosys, and Other IT Giants From Green Card Program
The US has suspended major IT firms including Cognizant from the Permanent Labour Certification Programme, blocking new green cards for H-1B visa workers.
States Urge Supreme Court to Rule on Sports Betting in Prediction Markets
Attorneys general from 38 states are asking the Supreme Court to limit federal CFTC authority over sports betting on platforms like Kalshi and Polymarket.
US Suspends Microsoft and Other Tech Giants From PERM Visa Program
The U.S. government has suspended Microsoft and other tech firms from the PERM visa system following allegations of H-1B program abuse.