If enacted, all prospective foreign hires, including administrators and professors, would be required to compete under the ...

U.S. Rep. Tom Tiffany seeks to end an exception in the H-1B visa program that allows universities to hire an unlimited number ...

Visa should continue to grow thanks to the declining use of cash and economic expansion. With ubiquitous adoption across the ...

DHS seeks to rank H-1B visas by wages, a shift that could alter hiring incentives and tilt access toward higher-paying roles.

The CAP Act would eliminate the H-1B cap exemption for colleges and universities, requiring them to compete under the same 65,000-visa limit that applies to private-sector employers.

Among the most consequential of the planned changes is expanding the types of jobs not subject to the 85,000 annual visa cap, said Ron Hira, a Howard University professor who studies the H-1B.

The decline mirrors the reinstatement of the H-1B visa cap to its historical level of 65,000 in Fiscal Year 2004 from 195,000 in FY 03. That was a strong message to send to Congress.

Visa beat estimates for Q1'24 with net revenues of $8.6B and adjusted earnings of $2.41 per share. Learn why I rate V stock a buy.

Shares of Visa and Mastercard both dropped on the news. San Francisco-based Visa recovered and was up 0.8% at 2:25 p.m. in New York, while Purchase, New York-based Mastercard was down 0.3%.