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Scrap H-1B visa exception: Republicans introduce new bill for prioritizing Americans in universities, ending ‘backdoor hiring’

Republican lawmakers introduce a new proposal to end H-1B exception for higher education staff. Amid ongoing aspersions against the H-1B visa program, a new Republican proposal was introduced by Rep Tom Tiffany and Rep Andrew Clyde proposing to scrap the H-1B visa exception for higher education staff. Currently, there is a 65,000-person cap for the…

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Starlink outage: Internet down in US and abroad; Musk says ‘sorry, won’t happen again’

Representational photo (Getty Images) Starlink faced a major service outage on Thursday, affecting users across the United States and several other countries. Thousands of users reported sudden internet disruptions and, in many cases, complete blackouts. Cities like Los Angeles, New York, Dallas, Seattle, and Washington, DC were among the worst hit. Users in Canada, the…

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Tesla slumps, Alphabet jumps: Google’s parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result

Tesla and Alphabet stocks delivered sharply contrasting movements on Thursday, sending their shares in opposite directions and exposing choppy undercurrents beneath Wall Street’s calm surface.Alphabet rallied 3.1% after it beat quarterly profit estimates and announced a $10 billion increase in AI chip and infrastructure investment this year, taking its total to $85 billion. The move…

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NYPD cop suspended for sleeping on duty: Naked boat thief escapes hospital; manhunt on

An NYPD officer has been suspended without pay after reportedly falling asleep while guarding a suspect who escaped from a New York hospital earlier this week. The man, 36-year-old Stephen Blasetti, had been under watch at Columbia University Irving Medical Center. He was earlier arrested and charged with grand larceny after allegedly stealing two boats…

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‘I’d fire him’: Trump takes shots at Powell while standing beside him during Fed visit; watch video

Screengrab from Trump’s interaction with reporters during Fed visit US president Donald Trump on Thursday visited the Federal Reserve’s renovation site in Washington, DC — and used the opportunity to take fresh shots at chair Jerome Powell. Standing in front of the half-finished project, Trump mocked the rising costs. “It looks like it’s about $3.1…

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‘Enforcement with empathy’: Income tax department working on rules, forms for new tax bill, says CBDT chief

The Income Tax department is in the process of framing rules, forms, and procedures under the proposed Income Tax Bill, 2025, which aims to replace the six-decade-old direct tax legislation, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said on Thursday.Speaking at the 166th Income Tax Day event in the capital, Agarwal said the…

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Microcap stocks defy market: 50 stocks rise over 200% amid selloff; analysts caution over poor earnings, bubble risk

Even as benchmark indices have struggled since the September 2024 selloff, a clutch of little-known microcap and penny stocks have delivered blockbuster returns, with at least 50 companies gaining over 200%—and some surging by as much as 5,500%, according to an Economic Times report.Leading the list is RRP Semiconductor, a Maharashtra-based firm whose shares skyrocketed…

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