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Trump immigration push: US Treasury asks banks to flag suspicious transactions linked to illegal migrants

The US Treasury Department‘s financial crimes unit has asked banks to watch for signs of identity theft, payroll tax fraud and money laundering linked to the employment of people living in the country illegally, marking the latest step in President Donald Trump’s immigration crackdown, AP reported.The Financial Crimes Enforcement Network (FinCEN) on Friday issued an...
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Unicorn in the USA: Indians aren’t stealing American jobs; they are building entire HR departments

TOI correspondent from Washington: For a country currently engaged in a vigorous debate about whether immigrants are stealing jobs, swiping opportunities, overwhelming the system, and generally causing western civilization to collapse, the United States has produced a rather awkward statistic.According to a new policy brief by the National Foundation for American Policy (NFAP), immigrants have...
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Stocks making the biggest moves premarket: LULU, MU, TTAN

Check out the companies making the biggest moves premarket: Lululemon Athletica — Shares sank 13% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company’s current-quarter earnings and revenue guidance also came below what analysts were expecting, per LSEG. Docusign — The software stock slipped 4% after Docusign’s outlook...
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India leads among immigrant founders of US billion-dollar startups

Indian entrepreneurs have emerged as the largest immigrant group behind America’s billion-dollar startup ecosystem, founding or co-founding 96 US unicorns, according to a new study that underscores the growing influence of Indian talent on the world’s biggest innovation economy.The report by the National Foundation for American Policy (NFAP) found that immigrants have founded or co-founded...
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