Microsoft (MSFT), Amazon (AMZN) Tumble on $100K H-1B Visa Fee Fears
President Trump proposed a $100,000 annual H-1B visa fee, prompting tech stocks to slip as companies warn of higher labor costs, talent constraints and potential margin pressure.
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President Trump proposed a $100,000 annual H-1B visa fee, prompting tech stocks to slip as companies warn of higher labor costs, talent constraints and potential margin pressure.
Microsoft reports undersea fiber cuts in the Red Sea causing higher latency for Azure traffic routed through the Middle East; traffic has been rerouted and service is not interrupted.