The rich keep spending money on ‘unapologetic luxury’ — and it’s raising prices on everyday goods for everyone
The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.
Last updated: 2026-06-13 23:09:43 ET
Pulse AI Brief
Updated Jun 13, 2026 11:09 PM ET
A federal judge invalidated the Trump administration's $100,000 fee on new H-1B visa applications, leaving U.S. businesses uncertain about hiring foreign skilled workers. The ruling creates immediate compliance confusion as companies reassess recruitment strategies and visa sponsorship costs.
Tech, finance, and healthcare firms that depend on H-1B talent face lower hiring costs if the fee remains struck down, improving margins and labor supply flexibility. Staffing agencies and immigration law firms will see reduced fee revenue, but tech hiring velocity could accelerate, benefiting cloud infrastructure and software companies.
The ruling undercuts Trump's immigration restrictions and signals judicial skepticism of executive visa policy. Expect further litigation and potential legislative action as the administration and Congress clash over skilled immigration policy.
The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.
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Kevin Warsh will hold his first policy meeting next week with inflation at a three-year high and a president who expects lower borrowing costs.
The U.S. annual inflation rate jumped to 4.2% in May, a three-year high. NPR's Steve Inskeep speaks with economist Claudia Sahm about what the numbers mean and what the Fed may do about it.
'I’m sorry that this event and this incident occurred'
The hottest U.S. inflation reading in more than three years did little to shift the consensus among economists ahead of next week’s Federal Reserve ...
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