Market Rally Shakeout May Be Bullish Signal; JPMorgan Eyes First Republic After FDIC Takeover

After a shakeout, the market rally may be ready for a bullish move. JPMorgan, other big banks may bid for First Republic after an FDIC takeover. FRC stock kept crashing. Read More...

AP Finance

US agency raises ‘serious concerns’ about tech visa lottery

The number of applications for visas used in the technology industry soared for a second straight year, raising “serious concerns” that some are manipulating the system to gain an unfair advantage, authorities said Friday. There were 780,884 applications for H-1B visas in this year’s computer-generated lottery, up 61% from 483,927 last year, U.S. Citizenship and Immigration Services said in a message to “stakeholders.” Last year’s haul was up 57% from 308,613 applications the year before.

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