Forbes Financial News

According to a Forbes report, the new pilot program aimed at streamlining the renewal process for H-1B visas comes with a notable exclusion — it will only apply to principal H-1B visa holders, leaving out their dependents. The decision, although bringing relief to numerous H-1B professionals who can now renew their visas without leaving the United States, has triggered concerns among those with families in America. The omission of spouses and children from the renewal program has left many businesses disappointed. While the move is seen as a positive step for individual H-1B employees, business organizations and their members are advocating for a broader scope in the future. There is a collective call for the State Department to consider including H-4 dependents in the pilot program as it expands or transitions into a permanent initiative. From January, the State Department will allow 20,000 H-1B visa holders undergo the visa renewal process within the United States.

Zerodha's Nikhil Kamath names three Bengaluru entrepreneurs who inspired him to donate majority of his wealth The young entrepreneur shared the achievement of his podcast on social media platforms. He wrote, "Change is the only constant in life. Adapt first, don't fight, all of life is transient, including your belief systems, and our authentic self today.

Bank of America has been fined $24 million after two former traders placed phony "spoof" trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on Thursday. Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make. FINRA said a junior trader and his supervisor at BofA Securities conducted 717 spoof trades between October 2014 and February 2021. It also faulted the oversight system of the second-largest U.S.

(Updated — November 30, 2023 6:02 AM EST)

Forbes has released its latest “30 Under 30” list in Finance, featuring a significant number of leaders from the cryptocurrency and blockchain industries, highlighting their growing influence in the financial sector.

Name Drop feature in iOS 17 allows users to share contacts through AirDrop by bringing their iPhones into close proximity. However, the Chester Police Department has recently issued a warning, advising iPhone users to refrain from utilizing this feature and to promptly disable NameDrop on their devices. Moreover, the police department posted a privacy advisory on their Facebook page, stating, “If you have an iPhone and have done the recent iOS 17 update, they have set a new feature called NameDrop defaulted to ON.

Forbes Asia list acknowledges individuals who donate from personal funds, showcasing their commitment to various causes, and three Indians – DLF's KP Singh, Infosys' Nandan Nilekani, and Zerodha's Nikhil Kamat have made the list this year. KP Singh: The chairman emeritus of DLF, made headlines after selling his remaining direct stake in the Delhi-based property developer, raising $89 million. The proceeds will fund philanthropic causes, supporting the KP Singh Foundation established in 2020, as per Forbes.

Cristiano Ronaldo is facing a class-action lawsuit. According to the reports the plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis and claimed that they suffered losses because Cristiano Ronaldo promoted the exchange.

Forbes has announced that the latest iteration of its revered “Under 30” series will be etched onto the Ethereum blockchain for the first time.

tribute to the late Charlie Munger on the social media site X (formerly Twitter). He wrote, "RIP Charlie Munger. I'll always remember him for this talk he gave on the Psychology of Human Misjudgement.

Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson, the widow of casino magnate Sheldon Adelson, several media reports said Tuesday. Cuban would keep shares in the team and maintain control of the Mavs' basketball operations, reports said. The NBA Board of Governors must approve the transaction. Bloomberg News and Sportico reported that Miriam Adelson was selling $2 billion of stock in Las Vegas Sands Corp.

By Jonathan Stempel

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized enterprise mainnet formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. 

A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes.

Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world's largest eyeglasses firm, passed away at 87 in June last year. His substantial $25.5 billion fortune was inherited by his wife and six children, including Clemente- who became the world's youngest billionaire in 2022.

Forbes' annual billionaire list always draws attention, and this year, the spotlight is on 19-year-old Clemente Del Vecchio, the youngest billionaire on the prestigious list. Clemente inherited a substantial fortune from his father, the late Italian billionaire Leonardo Del Vecchio, former chairman of EssilorLuxottica, the world's leading eyeglasses firm.

On the BSE, Prataap Snacks(down 6.66 per cent), Forbes Company(down 6.54 per cent), Laffans Petro(down 5.80 per cent), Mahaveer Infoway(down 5.00 per cent) and Raja Bahadur(down 5.00 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 18 stocks traded in the green, while 31 stocks traded in the red.

Satellite images have uncovered Bhutan’s undisclosed state-owned  Bitcoin (BTC)  mining operations. 

Former  Binance  CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges.

Binance CEO Changpeng Zhao may step down as part of a major $4 billion settlement between the U.S. Department of Justice and the company, Forbes reported on Tuesday, citing a source familiar with the matter.

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