The Trump administration will propose eliminating the right of H-1B visa holders' spouses to work in the US. The spouses were given this right under the Obama administration.
US Citizenship and Immigration Services is accepting applications under the International Entrepreneur Rule. The agency says, however, that the Department of Homeland Security still plans to seek the rule's repeal.
Jnana Therapeutics, a startup that will seek to develop medical treatments by focusing on cellular proteins, has launched with $50 million that includes investments from AbbVie Ventures and Pfizer. Jnana's acting chief executive, Amir Nashat, says the roles proteins play in health and diseases haven't been fully explored.
TV ads featuring familiar actors hawking alternative investments for retirement savers, including gold, have a couple of things in common: Each spot features beloved figures "gifted at speaking in a convincing manner, and they know nothing about what they are talking about," says certified financial planner Jerry Lynch. He also advises taking media warnings of a financial downturn with a large grain of salt.
The International Energy Agency has revised its crude-output forecast for next year to indicate supply might grow faster than demand as US output increases by 870,000 barrels per day. "So, on our current outlook 2018 may not necessarily be a happy New Year for those who would like to see a tighter market," according to the IEA.
Technical analyst Clive Maund acknowledges predicting a sharp fall for bitcoin might be unwise because its progress has been wildly unpredictable, but he writes that chart indicators are gathering to suggest an imminent top and a subsequent crash. Bitcoin's ascent in recent weeks has been almost vertical, and its Relative Strength Index and moving-average convergence divergence are showing supercritically overbought conditions that precede a potentially terminal correction.
Wall Street executives discuss what could go wrong as the bull market continues with historically low volatility and high equities. A run on quant funds, cyberthreats and the health of China's economy top the list of worries.