The U.S. Department of Labor has suspended Microsoft and Adobe from its Permanent Labor Certification program due to multiple active federal investigations, according to Labor Secretary Keith Sonderling. Other companies like Cognizant, Infosys, Capgemini, Tata, Wipro, and HCL were also suspended. The move is part of a broader crackdown on immigration and foreign hiring programs ahead of the midterm elections, with the Labor Department citing concerns about jobs being taken from American workers. The suspension means these companies cannot submit or process new applications under the program for now.
Microsoft holds a massive market cap of $3.93 trillion and a dividend yield of 0.74%, with a typical hold time of 142 days on Pluang. Adobe's market cap stands at $92.53 billion, and its typical hold time is 155 days. As of October 8, 2026, 22:41 WIB, Microsoft’s stock price is $530.59, up 0.16%, while Adobe’s price is $232.87, up 0.04%, reflecting stable trading despite the suspension news.
Resilinc introduced a new plugin for Microsoft Copilot that allows authorized enterprise users to access live, organization-specific supply chain risk and compliance intelligence directly within Microsoft applications. This integration helps teams qu...
Bank of America has increased its Big Tech capital expenditure forecast to $860 billion in 2026 and nearly $1.2 trillion in 2027, focusing on AI investments by Microsoft and Amazon. Microsoft shows strong revenue growth with its Azure cloud and Copil...
Amazon is covered by 58 analysts who unanimously rate it a buy or strong buy, with a consensus price target around $330, implying nearly 29% upside from the current $255.40 price. The company reported strong Q2 revenue growth of 19.6%, driven by its ...
Chipotle Mexican Grill shares rose after reports that Starbucks explored a takeover, though no formal offer or deal certainty is confirmed. Meanwhile, PepsiCo beat Q3 earnings estimates but expressed concerns about its North American beverage busines...
The US government has suspended Microsoft, Adobe, and several major IT firms from a program that helps skilled foreign workers obtain green cards, citing fraud accusations. The administration aims to prioritize hiring American workers and will halt n...
