Big tech companies, led by Amazon with over 11,000 approvals, continue to dominate the H-1B visa landscape in the U.S. This trend highlights the program's importance in attracting and retaining skilled foreign talent across various industries, contributing to the U.S. economy's growth and innovation.
Consumers are reducing spending as the economic outlook worsens, with purchase volumes declining across income levels and delinquencies on loans increasing. This shift in consumer behavior is fueled by concerns about inflation, rising interest rates, and the potential impact of President Donald Trump's tariffs.
Dogecoin has seen a surge in investor interest, particularly from wealthy individuals, who have accumulated over 200 million DOGE tokens in the past two weeks, fueling a significant price recovery for the coin. This renewed enthusiasm suggests a long-term belief in Dogecoin's potential, despite recent market fluctuations.
Amazon's cloud business, AWS, is seen as well-positioned for long-term AI trends, with analysts praising its ability to train large language models and capitalize on the growing market for executing AI models. Despite recent market instability, Amazon stock remains a buy recommendation with a target price of $265.
Consumers are cutting back on spending as the economic outlook worsens, according to Synchrony Financial, the largest provider of private-label credit cards in the U.S. This trend is being driven by a combination of factors, including inflation, rising interest rates, and concerns about the future of the economy.