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Trump's $100K Visa Fee to Slash H-1B Approvals

9/25/2025

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Summary

Story summary

President Trump announced a $100,000 H-1B visa fee for new applicants, reshaping hiring.
JPMorgan predicts about 5,500 fewer H-1B work authorizations per month due to the fee.
Big Tech may benefit from less competition, but costs could total billions; startups and Wall Street firms will be affected.
Costco's extended hours are increasing customer traffic, contrary to initial employee concerns.

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Story summary

President Trump announced a $100,000 H-1B visa fee for new applicants, reshaping hiring.
JPMorgan predicts about 5,500 fewer H-1B work authorizations per month due to the fee.
Big Tech may benefit from less competition, but costs could total billions; startups and Wall Street firms will be affected.
Costco's extended hours are increasing customer traffic, contrary to initial employee concerns.