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Trump Proposes $103,265 H-1B Visa Fee, Up From $3,000 on August 25
Trump administration proposes $103,265 H-1B visa fee to recover immigration system costs and encourage hiring of American workers. Public comment period opens for 30 days.
UOB Wins S$76.1M Appeal Against Lippo Marina Collection on August 26
UOB’s damages award against Lippo Marina Collection jumped from S$17.7M to S$76.1M after appeal court ruled rental income should not reduce fraud losses from inflated housing loans.
JPMorgan Eases Share Lending Rules to Court AI Wealth, August 25
JPMorgan Chase loosens lending policy on share holdings for SpaceX and Anthropic employees, signaling a strategic shift to capture AI-driven wealth management opportunities.
Mark Carney Walks Away From US Trade Deal Over French Language Protections, August 25
Mark Carney rejected a US trade deal over French language protections, triggering 50% tariffs on $20 billion in Canadian exports. Canada plans retaliatory tariffs starting September 8.
Callaway Stock Drops 2.8% After Controversial Ad Depicting Violence Against Women
Callaway Golf stock fell 2.8% after the company approved a controversial ad depicting violence against women. CEO Chip Brewer apologized and announced investigations into approval processes.
Stablecoin Card Spending Could Hit $50 Billion Annually by 2028 After Record $1 Billion Month
Global stablecoin card spending is projected to reach $50 billion annually by 2028, according to payments firm RedotPay. The forecast follows a record month, with stablecoin card spend crossing $1 billion for the first time in July 2026. Growth is running fastest across Latin America, Africa, and Asia-Pacific. July’s Record Month, By the Numbers Stablecoin-funded…
Nvidia-Backed Lambda Seeks Up to $3 Billion in Pre-IPO Funding Ahead of Potential 2027 Listing
Lambda is negotiating up to $3 billion in fresh financing, Bloomberg reported on August 24, 2026. The Nvidia-backed AI cloud provider is targeting a valuation of $12 billion or more in this round. Multiple term sheets have already reached the company, with deal terms still unfinalized. The financing could position Lambda for an initial public…
Tech Layoffs 2026: Apple, Netflix, TikTok and LinkedIn Slash Jobs as Industry Cuts Accelerate
Tech layoffs in 2026 have already surpassed all of 2025, with 127,180 jobs cut across 281 companies. Apple, Netflix, TikTok, and LinkedIn all announced fresh cuts this month. Apple laid off around 200 employees from its Siri, Vision Pro, and gaming teams. TikTok cut 75 more jobs in the Seattle area after slashing 250 positions…
Enflame Plans $892 Million Shanghai IPO, Offering 43 Million Shares as China’s AI Chip Race Heats Up
China’s AI chip race is entering another busy phase as Enflame Technology targets a 6 billion yuan ($892 million) Shanghai IPO. The Tencent-backed chipmaker plans to issue 43.04 million new shares, with subscriptions set to open on September 2, 2026. Price consultations will start on August 28. The offering comes as Chinese AI chipmakers draw…