(Free Report) Today's Top 5 Stocks Priced Below $10

Investing in stocks under $10 could increase the returns on your portfolio, especially if you pick the right stocks. Within this report you will find 5 top stocks that offer the best bang for the buck. Add them to your watchlist before they take off!

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Lottery bids for skilled-worker visas plunge in the US after changes aimed at fraud and abuse

ELLIOT SPAGAT
April 30, 2024

SAN DIEGO (AP) -- Lottery bids for highly educated worker visas plunged nearly 40% this year, authorities said Tuesday, claiming success against people who were "gaming the system" by submitting multiple, sometimes dubious, applications to unfairly increase chances of being selected.

Major technology companies that use H-1B visas sought changes after massive increases in bids left their employees and prospective hires with slimmer chances of winning the random lottery. Facing what it acknowledged was likely fraud and abuse, U.S. Citizenship and Immigration Services this year said each employee had only one shot at the lottery, whether the person had one job offer or 50.

The government received 470,342 entries for this year's lottery, which was held the last week of March, down 38% from 758,994 entries last year. The number of workers who applied was little changed -- about 442,000 this year compared with 446,000 last year -- indicating a sharp drop in people who applied multiple times.

Bids tripled from 2021 to 2023 after the government said it would no longer require people to mail bulky paperwork to be eligible for the lottery, saying that time-consuming, expensive task could wait until they won one of up to 85,000 slots awarded annually. The only requirement was a $10 electronic registration fee, which eased barriers to participate but created an unintended opening for companies and employees to flood the agency with applications. USCIS said one person submitted bids for 83 job offers in 2022.

The drop in applications this year "indicates that there were far fewer attempts to gain an unfair advantage than in prior years," USCIS said in a note to companies, applicants and their representatives.

H-1B visas were created in 1990 for people with a bachelor's degree or higher in fields where jobs are deemed hard to fill, especially science, technology, engineering and math. Critics say they allow companies to pay lower wages with fewer labor protections.

Infosys, an Indian technology outsourcing company, was the top employer of people with H-1Bs in 2023. Amazon, Microsoft, Apple, Meta and Google were in the top 10.

U.S. college graduates can work for three years under an Optical Practical Training visa while they try for an H1-B visa. Because those applicants had steady jobs, they didn't need to submit more than one bid. But that left them at a disadvantage against those with several applications. Some left for work in Canada or Europe.

USCIS Director Ur Jaddou said the agency rushed to overhaul the lottery to ensure each worker had "only one ticket in the hat," deciding the change couldn't wait another year. USCIS found some companies working together to submit bids for the same applicants.

"We want to make sure that it's in the hands of people who are going to use it and help the nation, and we realized that the gaming of the system was not helpful for anybody," Jaddou said at a public event in March at the South by Southwest festival in Austin, Texas.

Many technology companies and business groups had pressed for the immediate change. Intel Corp. said in October its winning rate "steadily plummeted, hampering efforts to expand semiconductor design and manufacturing efforts in the United States."

"A system meant to help administer the H1B lottery process has instead become a source of frustration and disappointment," the chipmaker wrote to USCIS.

H-1B critics generally welcomed the changes but called them insufficient.

The AFL-CIO wrote USCIS that changing this year's lottery "includes some steps in the right direction, but falls well short of the comprehensive reforms that are needed." Like other critics, the labor group wants visas awarded to companies that pay the highest wages instead of by random lottery, a change that Donald Trump sought while in the White House.

Continue Reading...

Popular

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

Elon Musk has voiced concerns about the future stability of the U.S. dollar, highlighting the escalating national debt as a potential catalyst for a looming economic crisis.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Hope Hicks Testifies On Trump's Ex-Lawyer Michael Cohen's 'Mr. Fix It' Moniker: 'Only Because He Broke It First'

The criminal trial against Donald Trump saw former Trump aide Hope Hicks take the stand Friday and discuss Michael Cohen and the "Access Hollywood" tape.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

Forget Amazon, Google, and Oracle -- Invest Here Instead - Ad

Worrying about which AI stock to buy next? Forget about it. Instead, you should be looking at this unique way to invest in the AI industry that regularly yields huge, retirement-boosting payouts. At least that's what one of America's top money managers thinks.

JPMorgan Analysts Optimistic About Future Approval Of Spot Ether ETFs Despite Regulatory Hurdles

In light of recent regulatory actions, JPMorgan analysts remain confident that the SEC's scrutiny of Robinhood (NASDAQ:HOOD) Crypto will not impede the

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Benzinga Bulls And Bears: Apple, Tesla, AMC, Bitcoin And Shiba Inu's Chart Forms Powerful Technical Patterns

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Stock markets ended the week on a high note following reassuring comments from Federal Reserve Chair Jerome Powell.

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company.

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video

CHARLOTTE, N.C. (AP) — Saing Chhoeun was locked out of his Charlotte, North Carolina, home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were from the direction of his neighbor's house.

Power blackouts hit Tanzania as Cyclone Hidaya intensifies towards the country's coastline

NAIROBI, Kenya (AP) — Tanzania’s power distributing company on Saturday announced a major blackout for most of the country due to the power grid's failure ahead of approaching Cyclone Hidaya. The metrological department said the cyclone continues toward the coastline.

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

Virgin Galactic Reports Better-Than-Expected Q1 Results

Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Tired Of Swiping Left And Right? Bumble Founder Says AI Could Do It For You: 'No. No. Truly'

Bumble Inc. founder Whitney Wolfe Herd has suggested that artificial intelligence (AI) could revolutionize the online dating industry.

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

WASHINGTON (AP) — Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings.

AMC Stock On Watch For Q1 Earnings: Estimates, What Analysts Expect, Will Box Office Recover?

AMC stock is down over 90% in the last year. The company reports Q1 results on Wednesday, which could show a weak box office.

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

Boeing locks out its private firefighters around Seattle over pay dispute

Boeing has its private force of firefighters who protect its in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters' union failed to deliver an agreement on wages.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

SULPHUR, Okla. (AP) — When Oklahoma and national officials held a press conference Monday to discuss the scale of devastation , Kathy John did what she always does: She showed up to report on it for the town’s weekly newspaper, the Sulphur Times-Democrat.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

What's Going On With Nvidia Stock?

Taiwan Semiconductor said its sales were up 60% in April to $7.3 billion, driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics. TSMC is the exclusive producer of Nvidia's most advanced training chips and is projected to boost sales by about a third this quarter, primarily fueled by the relentless demand for AI semiconductors.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service