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☆ Wall Street is turning more bullish
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s tough being a Wall Street bear these days. The S&P 500 index has climbed nearly 15% this year and clinched 30 record-high closes. The new backdrop of cooling inflation coupled with rate cuts on the horizon is prompting investors to up their bullish wagers. Evercore ISI raised its price target to 6,000 for the S&P 500, a reversal from its previous, more gloomy 4,750 target. Much of the S&P 500 index’s returns are tied to the mega-cap tech Magnificent Seven stocks, leaving the market dependent on just a handful of names to continue its monster run.

Persons: New York CNN —, Goldman Sachs, ”, Julian Emanuel, index’s, Bacon, Danielle Wiener, Bronner, fuming, Jin Bian, Samantha Delouya, Bian, “, Ron DeSantis, isn’t, Bill 264, Sellers, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ISI, Evercore ISI, Shoppers, Bureau of Labor Statistics, CNN Locations: New York, Monday’s, Florida, Tampa , Florida, Nanjing, China

☆ Biden to announce new executive action protecting immigrant spouses and children of US citizens
▼ + stars: | 2024-06-18 | by ( Michael Williams | ) edition.cnn.com time to read: +7 min

Under current federal law, an undocumented person who enters the United States and marries a US citizen must first request parole before applying for legal residency. Lawful permanent residency, commonly known as obtaining a green card, allows immigrants to live and legally work in the United States. Some Democrats in the Senate praised Biden’s executive order while those in vulnerable seats tried towing a line. Sen. Bob Casey, a Democrat in a vulnerable seat, also declined to say if he supports Biden’s executive order. However, he did praise Biden’s executive order from earlier this month aimed at restricting border crossings.

Persons: Washington CNN —, Biden, Barack Obama, Donald Trump, Biden’s, it’s, Donald Trump’s unforgivable, ” Biden, Julie Chavez Rodriguez, “, –, ” Todd Schulte, ” Muzaffar Chishti, John Thune, ” Thune, they’ll, ” Sen, Thom Tillis, Tillis, Sen, Elizabeth Warren, ”, Sherrod Brown, Bob Casey, “ I’ve, – I, CNN’s Sam Fossum, Kayla Tausche, Lauren Fox, Morgan Rimmer, Manu Raju Organizations: Washington CNN, CNN, Migration Policy Institute, Republican, Congress Locations: Arizona , Nevada, Georgia, United States, Ohio

The Biden administration is taking executive action to protect undocumented spouses of American citizens — a move that would shield about 500,000 immigrants from deportation. The White House announced the election-year policy Tuesday, framing it as "new action to keep families together." Lawmakers have been briefed on the plan and at least some have been invited to the White House for the announcement, sources said. The program would also make it easier for some undocumented immigrants to get a green card and a path to U.S. citizenship. Sources also say that the undocumented spouses would be allowed to obtain work permits on a case-by-case basis.

Persons: Joe Biden, Biden, —, Dick Durbin Organizations: Washington Hilton, White House, NBC News, Democratic Locations: Washington ,, United States, U.S

☆ Chinese citizens grapple with Florida law that bars them from buying property
▼ + stars: | 2024-06-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.

Persons: CNN —, Jin Bian, Bian, “, Ron DeSantis, isn’t, Bill 264, Sellers, ”, Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California

☆ Biden to Give Legal Protections to Undocumented Spouses of U.S. Citizens
▼ + stars: | 2024-06-17 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

President Biden on Tuesday will announce sweeping new protections for hundreds of thousands of immigrants who have been living in the United States illegally for years but are married to American citizens, officials familiar with the plan said. They spoke on the condition of anonymity to discuss a policy that had not been formally announced. Under the policy, undocumented spouses of U.S. citizens will be shielded from deportation, provided work permits and given a pathway to citizenship. Officials briefed on the conversations said it could affect up to 500,000 undocumented spouses, although the exact scale of the program remained unclear. The White House did not immediately respond to a request for comment.

Persons: Biden Organizations: White Locations: United States

☆ Trump and Biden campaigns go head-to-head with rival fundraisers in London
▼ + stars: | 2024-06-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Donald Trump pictured with right-wing British politician Nigel Farage during a campaign rally at the Mississippi Coliseum on Aug. 24, 2016. LONDON — Supporters of U.S. presidential candidates Donald Trump and Joe Biden will put their money where their mouths are at two rival fundraising events in London on Wednesday. "It seems to be the worst kept secret in London," Greg Swenson, spokesperson for Republicans Overseas UK, a campaign group for Trump's party, told CNBC over the phone. In the days after a Manhattan jury convicted the former president of 34 felony counts last month, the Trump campaign said it raised $141 million in donations. The pair have been visibly associated with Trump and Farage since at least April 2022, when Farage tweeted a picture of the group after a meal at Mar-a-Lago.

Persons: Donald Trump, Nigel Farage, Joe Biden, Donald Trump Jr, Kimberly Guilfoyle, Holly Valance, Nick Candy, Greg Swenson, Swenson, Trump, Farage, Matthew Elliott, Valance —, — Organizations: Mississippi Coliseum, LONDON, U.S, Fox News, Republican, Republicans Overseas UK, CNBC, Trump, Reform, Financial Times, Guardian, Reform UK Locations: British, London, Australian, Chelsea, Knightsbridge, U.S

☆ Americans Push Biden to Help Their Undocumented Spouses
▼ + stars: | 2024-06-10 | by ( Miriam Jordan | ) www.nytimes.com time to read: 1 min

When Ashley de Azevedo married in 2012, she knew that her U.S. citizenship would make her husband, an immigrant from Brazil, eligible for a green card. What she didn’t realize was that to obtain permanent residency, he would need to return to Brazil for 10 years because he had entered the United States illegally. “It was a devastating reality,” Ms. Azevedo, 38 said. “I was pregnant, and he would miss out on years of our child’s life.”So Mr. Azevedo stayed in the United States, vulnerable to deportation but with his wife and his son, who’s 12. Now, a policy under consideration by the Biden administration could provide Mr. Azevedo and other undocumented spouses with a path to permanent residency that would not force them to leave the United States.

Persons: Ashley de Azevedo, Ms, Azevedo, “, Biden Locations: Brazil, United States

Miss Kim brought in $1.89 million in sales in 2023 and made a net profit of $101,553 for the fiscal year from August 2022 to July 2023. "I started wondering, if I had Korean food or Asian food and I was able to tell this story…what would that look like?" In the fiscal year from August 2016 to July 2017, Miss Kim brought in $699,877 in sales, according to Kim. Doing away with tippingToday, Miss Kim is profitable and thriving, with total sales of $1.89 million in 2023. When Miss Kim first opened, "we decided that we're going to do away with tipped credit and pay people living wage."

Persons: Ji Hye Kim, Kim, Ann Arbor, Miss Kim, Young Kim, Hye Kim Kim, Paul Saginaw, Ari Weinzweig, Zingerman's, Hye Kim, she'd, It's, Kim didn't, Zach Green, Marisa Forziati Organizations: CNBC, U.S, University of Michigan, Dancing Sandwich Enterprises, Miss Locations: South Korea, New Jersey, Ann, Zingerman's, Ann Arbor, Michigan, New York, Saginaw, Korea, Ann Arbor , Michigan, gochujang, U.S, United States, Miss

☆ Gerard Depardieu accused of attacking ‘the king’ of paparazzi at Harry’s Bar in Rome
▼ + stars: | 2024-05-21 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —In a scene reminiscent of La Dolce Vita era, French actor Gerard Depardieu has been accused of attacking celebrity photographer Rino Barillari outside Harry’s Bar on the famed Via Veneto in Rome. Piero Lepore, the owner of Harry’s Bar in Rome, confirmed to CNN that the incident happened, but did not cast blame. This sort of thing never happens here,” Lepore told CNN by telephone. “We are used to celebrities and we are used to paparazzi – they can’t survive without each other. Magda Vavrusova’s lawyer, Delphine Meillet, said in a statement to CNN that it was Barillari who had pushed Vavrusova.

Persons: Rome, Rome CNN —, La Dolce, Gerard Depardieu, Rino, Depardieu, Barillari, ”, Magda Vavrusova, Piero Lepore, Federico Fellini, ” –, Paparazzo, ” Lepore, “, Lepore, Magda Vavrusova’s, Delphine Meillet, Meillet, Vavrusova, ” Meillet, University Policlinico Umberto, Sylvester Stallone, Sharon Stone, Liz Taylor, Frank Sinatra, Depardieu’s, –, Charlotte Arnould Organizations: Rome CNN, Via Veneto, Police, CNN, Rome, University, ” CNN, Paris Locations: Harry’s, Rome, Piazza Navona

☆ Trump Is at War With the First Amendmen - The New York Times
▼ + stars: | 2024-05-15 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

At a rally in Wildwood, N.J., on Saturday, Donald Trump said that if he is re-elected, he will “immediately deport” any campus protesters who “come here from another country and try to bring jihadism or anti-Americanism or antisemitism.”Of course, Trump dwells in linguistic imprecision. What does “try to bring” mean? Are we using his definitions of jihadism, anti-Americanism and antisemitism? Would the deportations be only of student visa holders, or would it include green card holders? Trump understands, intuitively, the power of crowds, and views it as a pressing threat when aligned against him.

Persons: Donald Trump, “, Trump Locations: Wildwood , N.J

☆ Chinese Magnate in Straw Donor Scheme Agrees to Leave U.S. in Plea Deal
▼ + stars: | 2024-05-09 | by ( Karen Zraick | Bianca Pallaro | ) www.nytimes.com time to read: +1 min

A Chinese entertainment magnate who pleaded guilty to making more than $10,000 in illegal political campaign donations to three candidates, agreed in federal court on Thursday to give up his green card and leave the United States. Hui Qin, 55, had been in jail in Brooklyn since his arrest in October. One of the candidates was Mayor Eric Adams, according to two people familiar with the case, though none of the campaigns knew the donations were illegal, prosecutors said. In March, Mr. Qin pleaded guilty to charges of making campaign contributions in the names of others, immigration fraud and producing false identification. His company collapsed, he was the target of lawsuits and his wife, Emma Liu, left him, Mr. Mazurek said.

Persons: Hui Qin, Eric Adams, Qin, Henry Mazurek, Joan M, ”, Emma Liu, Mazurek Organizations: Mr Locations: United States, Brooklyn, Long, China

☆ The new power figures in hedge funds do not manage money
▼ + stars: | 2024-05-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda:But first: Why Wall Street is so happy to see the job market slowing down. New data from Vanguard shows a two-tier job market: one divided between a blue-collar boom and a white-collar recession. Also read:AdvertisementiStock; Rebecca Zisser/BIThe portfolio-manager whisperersThe new power figures in hedge funds do not manage money.

Persons: —, it's, Brian Rose, It's, Christie Hemm, Jan Sramek, Goldman Sachs, Reid Hoffman, Marc Andreessen, Alyssa Powell, Stefano Spicca, Jenny Chang, Rodriguez, Rebecca Zisser, whisperers, Gates Organizations: Business, Service, Federal Reserve, Fed, UBS Global Wealth Management, Big, Silicon, California, Vanguard, Microsoft, Big Tech Locations: Austrian, Solano County, Napa, Sacramento, California, Silicon Valley, New York City

Big tech companies have pulled back on PERM applications, often the first step to a green card. AdvertisementBig tech companies have backed off green card applications in a big way because the process has become tougher and there's less competition for talent. "If some of these people say 'yes, I'm interested,' then you're out of luck with the green card application." So this makes the green card process potentially easier outside of places like the Bay Area and NYC, she explained. Are you a foreign tech worker struggling with a green card application?

Persons: Ava Benach, —, Googlers, Benach, It's, Hugh Langley, Kali Hays, Eugene Kim Organizations: Big, Google, Service, Department of Labor, Washington DC, Amazon, Business, Meta, Companies, Citizenship, Immigration Services, Supply, Bay, Labor, Area, Big Tech, US, Department, Labor Department, Software Engineer, Research Locations: PERM, Silicon Valley, New York City, Washington, khays@businessinsider.com

☆ Google says immigration rules are making it hard to hire top AI talent
▼ + stars: | 2024-05-01 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google wants the US to change immigration rules to help it hire AI talent. The company said its need for AI roles will "increase significantly" in the coming years. AdvertisementAs the AI wars heat up, Google says immigration rules must change if the US is to attract the talent needed to stay ahead. AdvertisementConsequently, companies have cut back on offering to put employees on US green card tracks. Amazon recently suspended new green card sponsorships until the end of 2024.

Persons: — Organizations: Google, US Department of Labor, Service, Department, Software Engineer, Research, Department of Labor, Companies, Amazon Locations: PERM

☆ Millennials are a lot better off financially than you may realize
▼ + stars: | 2024-04-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how millennials have seen their wealth explode over the past few years. Millennials, the oft-maligned generation , are a lot better off financially than you might realize. A new report found millennials saw their wealth double from the end of 2019 through 2023, writes BI's Juliana Kaplan. Whatever the case, millennials' wealth can keep growing. The Department of Justice is investigating the consultancy for its past work advising opioid companies about how to boost their sales , The Wall Street Journal reported on Wednesday.

Persons: —, Iurii Garmash, Tyler Le, millennials, BI's Juliana Kaplan, Harry Potter fanfiction didn't, Millennials, Gen Xers, eyeing, Juliana Kaplan, Gen, Chelsea Jia Feng, Jamie Dimon, Devin Nunes, Mark Zuckerberg, they've, There's, Nathan Congleton, Blackstone, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Studio, Getty, millennials, Slaven, The New York Times, Nvidia, Trump Media, House Republicans, Meta, Green, Getty Images Google, Apollo, KKR, Justice, Street, Wednesday, McKinsey, NFL, US Locations: That's, Chelsea, premarket, NBCU, New York, London

☆ Amazon has suspended new US Green Card applications for foreign workers, leaked memo shows
▼ + stars: | 2024-04-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

Amazon has suspended new US Green Card sponsorships for foreign workers until the end of 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmazon won't be sponsoring any new US Green Cards for foreign workers for the rest of this year, a sign of sustained weakness in the tech job market. It aims to check that admitting foreign workers into the country doesn't impact job opportunities, wages and working conditions of US workers. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Amazon, Green, Service, Cards, Business, US Department of Labor Locations: PERM

☆ A millennial shared how her family is pursuing their American dream after moving from Scotland to Florida. She's enjoying the beaches and weather but finds Florida can be expensive.
▼ + stars: | 2024-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +11 min

Now her family is living their American dream in South Florida. Peacock's family is just one example of people pursuing the American dream, which can mean different things to different people, like achieving homeownership. Some Gen Zers see the American dream has changed from how older peers may have seen it. For us, the American dream is also the weather and the beach lifestyle, and we have that." "We're legally entitled to do the last stage from within the country, but it's a very complicated and lengthy process," Peacock said.

Persons: Amber Peacock, Peacock, we'd, didn't, Zers, She's, We've, we've, America Peacock, they're, We're, Brit Peacock, Aunty Bubs, they've, It's Organizations: Service, Business, Sunshine State, YouTube Locations: England, Scotland, South Florida, America, New York, Florida, Edinburgh, Lincolnshire, Memphis , Tennessee, Tennessee, Memphis, Nashville, Nashville , Tennessee, Texas, Chicago, West, East

☆ ‘Problemista’ actor Laith Nakli plays an immigration lawyer. In real life he’s fighting his own case
▼ + stars: | 2024-03-23 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +17 min

Khalil, played by Laith Nakli, perks up and races to scribble on his notepad. And as he helps promote the film, he’s speaking out about a side of himself that few people have seen. Laith Nakli, actorThe crime could have led to his deportation. … That pressure is just completely unfair.”Actor Laith Nakli plays an earnest immigration lawyer in "Problemista." The cloud Nakli feels every day wasn’t literally depicted on-screen, but Nakli says he saw it clearly hovering over Alejandro’s every move.

Persons: CNN —, ”, tepidly, “, Julio Torres, Khalil, Torres ’ Alejandro, Alejandro, ” Alejandro, Laith Nakli, ” Khalil, Elizabeth Asencio, Tilda Swinton, Elizabeth, Jon, Torres, it’s, “ I’ve, I’ve, “ Problemista’s, Nakli, It’s, who’d, Mr, Nasim Awad, ” Nakli, he’d, Marvel, Obama, hasn’t, That’s, He’s, he’s, you’d, ” Torres, Critics, haven’t, Larry Owens, toymaker Alejandro's, Isabella Rosselini, Ramy Youssef, Nakli’s, Laith, ” Youssef, “ He’s, Uncle Naseem, Ramy Youseff, Craig Blankenhorn, who’s, Julie In, Hayley Wilson Organizations: CNN, Khalil Immigration, SNL, Customs, Craigslist, Justice, Globe, Service Locations: United States, Salvadoran, El Salvador, “, New York, Damascus, Syria, King Kong, Texas, —, Hulu, America, “ Problemista

☆ Meet Europeans who moved to the US and say there’s no going back
▼ + stars: | 2024-03-18 | by ( Terry Ward | ) edition.cnn.com time to read: +11 min

We spoke with a handful of Europeans who are embracing American life about what brought and ties them to the United States. “I was always a career hunter, super career-focused,” says Herrmann, who eventually started his own tourism marketing business in the United States, Herrmann Global. “You have to have a certain level of cynicism and criticism because that’s what makes you smart.”She says she gets very upset when she sees Europeans “pooh-poohing” the United States. That said, she does find the “constant quest to be better, more efficient and more relevant” in the United States exhausting at times. She says living in the United States has afforded her the privilege to get to know and befriend people of many different ethnicities.

Persons: adieu, who’ve, they’ll, expats, ’ Florian Herrmann, “, ”, Herrmann, ’ ”, ‘, I’m, Gabriele Sappok, she’s, Sappok, Andreas, Gabriele Sappok “, it’s, ” Sappok, “ didn’t, Laurence Noguier, Jason W, Noguier, ” Noguier, Lawless, Clodagh Lawless, didn’t, she’ll, Lorna MacDonald, Lorna MacDonald Lorna MacDonald, MacDonald, she’d, Augustine, It's, Terry Ward Organizations: CNN, CNN Travel, Herrmann Global, Dubai Locations: United States, France, decamped, Italy, Portugal, Europe, Munich, Germany, California, Wyoming, America, German, Lander , Wyoming, “, New York City, Stuttgart, Washington , DC, Chicago, ” France, Dearborn, Galway, Ireland, American, Florida, Penzance, England, Australia, Singer Island , Florida, Augustine , Florida, St, ” Florida, Tampa

☆ U.S. legal immigration policy should prioritize the economy, experts argue
▼ + stars: | 2024-03-13 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

The U.S. has more foreign-born residents than any other country, according to the Council on Foreign Relations. But today, less than 1% of those looking to reside permanently in the U.S. can do so legally, according to research by the Cato Institute. "Most other developed nations in the world have a much higher percentage of their immigration system based on economics," according to Theresa Cardinal Brown, a senior advisor on immigration and border policy at the Bipartisan Policy Center. The U.S. legal immigration system is in dire need of reform to make it work for the U.S. economy, experts say. Watch the video above to see why the U.S. is having so much trouble solving the immigration crisis.

Persons: Theresa Cardinal Brown, Brown, Simon Hankinson Organizations: U.S, Foreign Relations, Cato Institute, Center, Department of Homeland Security, Heritage Foundation Locations: U.S

Sal Khan, 31, earns $220,000 a year and lives with his parents in Houston. "I do think my relationship now has been the best with my parents than it has been before," Khan tells CNBC Make It. But that won't be the end of his living arrangement with this parents: Khan hopes to move his parents to his new home, too. The bulk of his savings are earmarked for more down payments on properties, Khan says. Sal Khan hopes that sharing his story will dispel the stigma about living with parents as an adult.

Persons: Sal Khan, Khan, Erik Mauck, that's, it's, Khan's, Nina Nguyen, Krishnan, Khan didn't Organizations: CNBC, Ohio State University, Bay Area, Costco, Gas, Wealthfront Locations: Houston, Pakistan, U.S, Bay, Chicago, Texas, California, Arizona, Florida

☆ Laken Riley: Vigil to be held for Augusta University student killed on UGA campus as a suspect remains in custody
▼ + stars: | 2024-02-25 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +7 min

CNN —A vigil will be held Monday afternoon for Laken Hope Riley, an Augusta University nursing student who was found dead after jogging on the University of Georgia campus last week, as her suspected killer’s immigration status has drawn the scrutiny of Republican leaders. Riley, who was a UGA student until May 2023, was found dead Thursday near a lake on the university’s campus from blunt force trauma, according to UGA Police Chief Jeff Clark. Riley’s killing has left the University of Georgia to grieve two tragic deaths that occurred less than a day apart: Her body was discovered just hours after the death of a UGA student the previous night. The Monday afternoon vigil will be co-hosted by Riley’s Alpha Chi Omega sorority at UGA in remembrance of both of the dead students, the university said. Clark referred to Riley’s killing as a “crime of opportunity,” noting he believes the suspect acted alone.

Persons: Laken Hope Riley, Riley, Jeff Clark, Jose Antonio Ibarra, Ibarra, Clark, haven’t, ” Clark, outcries, Brian Kemp, Joe Biden, ” Kemp, Joe Biden’s, Mike Johnson, Riley’s, Biden, “, ” Jose Antonio Ibarra Clarke, Greg Abbott, Diego Ibarra, Peers, ’, ”, ” Riley, ” Laken Hope Riley, Lauren Phillips, “ I’m, LISTo, CNN’s Ashley R, Williams, Rebekah Riess, Priscilla Alvarez, Isabel Rosales, Jaide Timm, Garcia, Jamiel Lynch Organizations: CNN, Augusta University, University of Georgia, Republican, UGA, UGA Police, Investigators, GOP, Riley’s Alpha Chi Omega, Police, ” Police, Customs, Georgia Gov, Sheriff’s, Governors, Republican Texas Gov, Democratic, Biden, Pew Research, ICE, New York City, NYPD, US, Office, Middle, Middle District of Georgia, Augusta University College of Nursing, UAC, Facebook, of Nursing, Hispanic Student Association Locations: Venezuelan, Mexico, Middle District

☆ Remember the labor shortage? Immigrants are helping to fix it.
▼ + stars: | 2024-02-19 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +5 min

AdvertisementThat means the strong job numbers of recent months have largely been due to immigrants , specifically foreign-born workers, entering the workforce in large numbers. “Foreign-born labor force participants have accounted for all of the job growth over the last year,” Bill Adams, an economist at Comerica Bank, told The New York Times. AdvertisementAdditionally, he said these job gains haven’t come at the expense of US-born workers either. As of 2022, foreign-born workers were more likely than US-born workers to be in service, natural resources, construction, and maintenance jobs, according to the Bureau of Labor Statistics. As of January, 65.7% of foreign-born workers were working or looking for work, compared to 61.4% of US-born workers.

Persons: —, ” Bill Adams, Paul Krugman, “ They're, ”, Louis, Miguel Faria, Castro, Donald Trump Organizations: Service, Business, Comerica Bank, New York Times, Bureau of Labor Statistics, Immigrants, Congressional, Office, St, Louis Fed

☆ What the border security bill would and wouldn’t do
▼ + stars: | 2024-02-06 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +12 min

The border bill also comes with a big budget – including large amounts of funding for enforcement. New emergency border restrictionsWhat’s proposed: Once illegal border crossings reach a certain threshold, the Department of Homeland Security would be required to exercise a new emergency authority that bars migrants, except unaccompanied minors, from crossing the border between ports of entry. Those who lose their asylum cases in immigration court can appeal to judges on the Board of Immigration Appeals. Video Ad Feedback GOP lawmaker on border bill: This is all gamesmanship 03:56 - Source: CNNGiven the growing chorus of criticism on both sides of the aisle weighing in just a day after its release, this latest border bill may very well be as “dead on arrival” as some lawmakers have claimed. But the bill has picked up some high-profile support from the National Border Patrol Council, the union that represents Border Patrol agents and has endorsed Trump in the past.

Persons: they’ve, That’s, Joe Biden, Donald Trump, —, ”, Muzaffar Chishti, Greg Chen, Chishti, “, Guillermo Arias, What’s, ” Amy Fischer, John Moore, it’s, Biden, Obama, Andrea Flores, ” Ben Johnson, CNN’s Priscilla Alvarez, Lauren Fox, Morgan Rimmer, Ted Barrett, Clare Foran Organizations: CNN, White, Republican, Institute, American Immigration Lawyers Association, DHS, Department of Homeland Security, Federation for American Immigration Reform, Border Patrol, Getty, Citizenship, Immigration Services, Immigration, Amnesty International, Congress, National Border Patrol Council, Trump, American Locations: Ukraine, Israel, harm’s, Mexico, Jacumba , California, U.S, Rio, El Paso , Texas, Kabul, United States, DACA

☆ Court blocks Florida law barring Chinese citizens from owning property
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +2 min

A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted. Circuit Court of Appeals said on Thursday the individuals were likely to prevail on claims that Florida's ban violates a federal law governing real estate purchases by foreign nationals. A Florida federal judge in August had declined to block the law, prompting an appeal by the plaintiffs. Lawmakers in several Republican-led states including Texas, Louisiana and Alabama are considering similar restrictions on Chinese citizens owning property. It also bars most citizens of Cuba, Venezuela, Syria, Iran, Russia and North Korea from owning property near military installations and infrastructure such as power plants and airports.

Persons: Ashley Moody, Bethany Li, Li, Ron DeSantis Organizations: Circuit, Appeals, Republican, Constitution, Asian American Legal Defense, Education Fund, Republican Gov, Chinese Communist Party Locations: Miami , Florida, U.S, Florida, Atlanta, Texas , Louisiana, Alabama, China, Cuba, Venezuela, Syria, Iran, Russia, North Korea

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