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World’s first half-trillionaire: Elon Musk surpasses $500 billion net worth with Tesla, SpaceX, and xAI shaping the tech future | World News

Source: The Wall Street Journal Tech entrepreneur Elon Musk has made history as the first person ever to surpass a net worth of $500 billion, highlighting his unrivaled influence in the global technology and business arena. This unprecedented milestone is driven largely by the soaring value of Tesla, his electric vehicle company, whose shares have…

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US H-1B visa processing frozen: How US government shutdown risks legal status for Indian and other international tech workers in America

The US government shutdown that began October 1 has brought H-1B visa processing to a standstill, dealing a severe blow to Indian professionals who represent over 71% of H-1B beneficiaries. The Department of Labor, which issues critical Labour Condition Applications (LCAs) required before any H-1B petition can proceed, has stopped operations due to the funding…

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America’s immigration crossroads: H-1B crackdown, big tech layoffs, and career challenges for immigrant workers

In 2025, immigrants in the United States, especially those on H-1B visas, face one of the most challenging periods in recent history. A convergence of policy shifts, large-scale tech layoffs, shrinking healthcare access, and rising anti-immigrant rhetoric has created unprecedented uncertainty. For the country’s highly skilled workforce, the consequences extend beyond legal status, affecting career…

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2 things that Walmart’s EVP of Global Tech Platforms looks for in engineers during hiring

Walmart’s executive VP of Global Tech Platforms, Sravana Karnati, has revealed the two primary traits he looks for while hiring engineers. In a statement to Business Insider, Karnati said that while hiring engineers, he looks “for the fundamentals and ability to learn.” The Indian-origin executive of the US-based retail major, who has over 25 years…

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H-1B visa: Trump aide Lutnick slams entry of ‘inexpensive’ tech consultants; lottery system under lens

NEW DELHI: Days after the Trump administration imposed an exorbitant fee on H-1B visa, US commerce secretary Howard Lutnick said that there will be “a significant number of changes” in the H-1B visa process before February 2026, when the new fee of $100,000 goes into effect.Lutnick described the current visa process as a “wrong idea”…

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US market today: Wall street rebounds after 1 week of losses; tech and pharma stocks gain

US stocks opened higher on Monday, clawing back some losses from last week, with investors eyeing a key economic report and ongoing political uncertainty over a potential government shutdown. The S&P 500 rose 0.4% in early trading, the Dow Jones Industrial Average edged up 29 points (0.1%), and the Nasdaq composite gained 0.6%, all hovering…

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Logistics expansion: India emerges as top choice for APAC 3PL firms; sector driven by tech, e-commerce growth

India is fast becoming the top choice for Asia-Pacific (APAC) third-party logistics (3PL) firms looking to expand, with nearly 70 per cent of occupiers planning to increase their footprint in the country over the next two years, a CBRE report revealed.3PL providers handle end-to-end logistics operations for clients, enabling businesses to focus on core activities…

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Google ex-CEO Eric Schmidt slams remote work, says ‘Work from home won’t win in tech’

Former Google CEO Eric Schmidt has reignited debate over remote work, arguing at the All-In Summit that working from home hinders young tech professionals from learning crucial skills gained in office settings. In a tongue-in-cheek remark, he suggested those seeking work-life balance should “work for the government.” Former Google CEO Eric Schmidt has once again…

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Amazon, Microsoft, Meta, Google and 14 other tech companies that bagged maximum H-1B visa approvals in first half of 2025

Amazon has topped the list of companies with the highest number of H-1B visa approvals in the first half of 2025. According to the latest data available on the website of the US Citizenship and Immigration Services (USCIS), the e-commerce giant leads with 10,044 H-1B visa approvals till June 30, 2025. Tata Consultancy Services (TCS)…

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