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AMZN, MSFT, TCS: Judge Rejects Bid to Block Trump's $100,000 H-1B Fee

A federal judge upheld President Trump's $100,000 fee on new H-1B visas, rejecting a challenge by U.S. business groups. The decision impacts tech companies like Amazon, Microsoft, and Tata Consultancy, which rely on foreign skilled workers. The U.S. Chamber of Commerce expressed disappointment, citing potential affordability issues for small businesses. The H-1B program, crucial for hiring specialized talent, will see increased costs, affecting visa issuance and employment strategies.

Tip Ranks·
US
AMZN
+1.62%
US
MSFT
+0.40%
US
AMZU
+3.20%
Tip Ranks·
US
AMZN
+1.62%
US
MSFT
+0.40%
US
AMZU
+3.20%

The massive power outage in San Francisco caused Robotaxi to "collapse" and block roads, prompting Waymo to urgently upgrade its software: granting vehicles more autonomy

Waymo announced a system upgrade for its autonomous vehicle fleet to enhance emergency response capabilities in extreme infrastructure failure situations. This move stems from the major power outage incident in San Francisco, where Waymo's self-driving taxis were thrown into chaos due to traffic signal failures. The company is implementing three emergency measures, including technical updates, upgrades to emergency response protocols, and coordination with the city government to ensure vehicles can act more decisively during power outages

Wallstreetcn·
US
GOOG
+1.40%
US
GOOGL
+1.48%
US
GGLS
-1.33%
Wallstreetcn·
US
GOOG
+1.40%
US
GOOGL
+1.48%
US
GGLS
-1.33%

S&P 500 Hits Record Close: Investor Sentiment Improves Further, Fear Index Remains In 'Greed' Zone

The S&P 500 reached a record close amid improved investor sentiment, with the Fear & Greed index in the "Greed" zone. U.S. GDP grew at 4.3% in Q3, surpassing estimates, reducing expectations for Fed easing. Most S&P sectors rose, led by communication services, IT, and energy, while consumer staples and healthcare fell. Novo Nordisk shares surged 7% post-FDA approval of Wegovy. The Dow rose 80 points, S&P 500 up 0.46%, and Nasdaq up 0.57%. The Fear & Greed Index, at 59.2, indicates market greed.

fidelity·
US
NVO
+7.30%
US
TGT
-0.95%
US
COST
+0.56%
fidelity·
US
NVO
+7.30%
US
TGT
-0.95%
US
COST
+0.56%

Where Will Costco Stock Be in 3 Years?

Costco Wholesale has been a reliable stock, with a 430% increase over the last decade. Despite a 20% drop this year, its growth trajectory remains strong, with plans to expand stores and increase sales. By 2028, Costco's revenue could reach $347.1 billion with $22.82 in earnings per share. However, its current P/E ratio of 46 suggests it may be overvalued. A further 10% stock pullback could present a better buying opportunity.

Motley Fool·
US
COST
+0.56%
Motley Fool·
US
COST
+0.56%

Where might OpenAI's next $100 billion financing come from?

Traditional American financial investors are expected to provide only a small portion of the funding, around $10 billion; cash-rich tech giants like Amazon are in talks for at least $10 billion in investment; sovereign wealth funds and large banks are seen as important potential sources of funding, with Abu Dhabi's MGX fund and Saudi Arabia's Public Investment Fund both showing strong interest

Wallstreetcn·
NA
OpenAI
0.00%
US
AMZN
+1.62%
Wallstreetcn·
NA
OpenAI
0.00%
US
AMZN
+1.62%
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