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Some Mankato West hockey items recovered after Duluth theftPeople from all over the world have long come to the United States in search of opportunities. That includes immigrants, refugees and asylum seekers, and temporary workers and students who come to the U.S. on specialty visas. Among the latter are skilled foreign workers, a select group granted special access by the H-1B visa program, designed to boost innovation and the economy via a “ brain gain ,” according to the Brookings Institute. Since launching in 1990, the program has allowed U.S. employers to hire exceptional foreign-born applicants with bachelor’s degrees or the equivalent by offering them employment in hard-to-fill positions. An H-1B visa allows foreign-born workers to stay in the country for three years, with the option to extend their stay for up to six years. In some cases, workers remain even longer if employers sponsor their green cards. Most jobs filled by H-1B workers are in STEM (science, technology, engineering, and mathematics) fields. H-1B visa holders tend to have wages within the top 10% of U.S. workers. In computer-related fields, for instance, the average annual income was $129,000 in 2022 for H-1B workers, according to the U.S. Citizenship and Immigration Services. Congress has capped the number of H-1B workers since the program began; currently, around 85,000 applicants are accepted each year. Within that total, 20,000 spots are reserved for those with U.S. institution-issued master’s or doctorates. That number has remained unchanged for nearly two decades—even as applications have dramatically risen and backlogs have made it increasingly difficult to get a visa. From 2001 to 2003, the applicant limit was three times as high at 195,000; over the past 10 years, the program received such an influx of applicants it prompted Congress to institute a lottery system in 2014. Although exceptions to the cap are granted for nonprofit research organizations, the government, and colleges and universities, the number of applications far exceeds availability. In fiscal year 2025, for instance, there were an astounding 423,028 for just 65,000 spots. Critics of the cap say that the inability for more workers to land positions in the U.S. creates a number of problems, one of which is a lack of qualified staff for the exploding tech sector. H-1B Employer Data used its own data, news reports, and economic research to explore how a shortage of visas for skilled workers has impacted the U.S. economy. In 2024, Citizenship and Immigration Services changed the process for applying for an H-1B visa after 780,884 applications were filed that year. This process overhaul was meant to increase the odds of applicants vying for a spot and curb abuses of the system. Employers and potential employees were gaming the system, hoping multiple submissions for individual workers would increase their likelihood of being accepted; the barrier to entry had also been lowered to a $10 fee and electronic registration instead of a full application. Employers vying for top talent aren’t the only ones benefitting from the H-1B visa program. Foreign workers tend to have different skill sets than American workers, which is partly why they’re so sought-after. According to the American Immigration Council, workers from abroad may even help create additional jobs by spending and investing their earnings in the U.S. They stimulate the labor market by expanding operations in the U.S. and starting new businesses. This entrepreneurial spirit, long a hallmark of U.S. innovation, drives economic growth. “We don’t know which [immigrant] is going to have the brilliant insight that totally transforms the economy over the next 20-30 years,” David Bier, director of immigration studies at libertarian think tank the Cato Institute, told Vox . Studies show that the business impact of the H-1B visa program extends beyond individual employers as well. A 2024 study from academic researchers and the Federal Reserve Bank of Richmond found that companies that win H-1B lottery visas hire additional employees, generate more revenue, and survive longer. In 2017, researchers at the National Bureau of Economic Research found that H-1B workers benefit consumers and increase profits in the IT sector. Among the roughly 600,000 H-1B recipients in the country at any time, as many as 75,000 join the STEM workforce every year. Companies such as Amazon, Microsoft, and Intel, among the top 100 employers of H-1B workers, reap the rewards from foreign-born workers, who tend to fill in gaps in the STEM workforce—and in some cases, create opportunities. Employers, in turn, are eager to hire more H-1B workers to cultivate innovation and growth. Other types of companies, including outsourcing firms, many based in India, also depend on H-1B workers. They are inundated with USCIS applications for employees they consider “interchangeable,” according to Vox. These visa holders, typically junior programmers, will accept lower salaries and relocation requirements, and their hiring companies account for more than half of the top 30 H-1B employers. There is concern, however, that these workers could be underpaid and exploited, giving some credence to the claim that the program allows lower-wage foreign workers to take jobs from higher-earning Americans. However, existing data shows that H-1B workers help raise salaries and expand job opportunities for everyone. Employers of H-1B workers are also required to attest that U.S. workers’ salaries and working conditions will not be negatively affected, and notify incumbent employees when they hire these applicants. As evidenced by continued efforts to reform the system, there’s still plenty of room for improvement. For every one person who is granted an H-1B visa, four are denied. This means the government—Congress sets the quota—leaves $61 billion on the table every year, according to a paper by Bier, who also suggested adjusting the cap to match demand, and making changes to maintain a sufficient population of skilled workers in the U.S. In other words, the current cap on H-1B visas may actually thwart economic growth. Nine jobs are moved out of the U.S. for every 10 unapproved H-1B applications, according to a 2023 study from the University of Pennsylvania’s Wharton School, as reported by Bloomberg. Some $86 billion would be lost with a 10% reduction in guest workers, according to a Federal Reserve Bank of Richmond economist. Despite fraught debates over immigration and foreign-born workers, they have always been part of the uniquely American story of opportunity and improvement. As Jeremy Neufeld , a policy fellow with the think tank Institute for Progress, told Vox, “It’s always been the case that immigrants have been a secret ingredient in US dynamism.” Story editing by Alizah Salario. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. This story originally appeared on H-1B Employer Data and was produced and distributed in partnership with Stacker Studio. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling.Daiwa Securities Group Inc. lifted its holdings in COPT Defense Properties ( NYSE:CDP – Free Report ) by 16.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,741 shares of the company’s stock after purchasing an additional 5,677 shares during the period. Daiwa Securities Group Inc.’s holdings in COPT Defense Properties were worth $1,236,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of CDP. Lazard Asset Management LLC purchased a new position in shares of COPT Defense Properties in the first quarter worth about $102,000. Price T Rowe Associates Inc. MD purchased a new position in shares of COPT Defense Properties in the first quarter worth about $1,702,000. Public Employees Retirement Association of Colorado purchased a new position in shares of COPT Defense Properties in the first quarter worth about $230,000. Janus Henderson Group PLC purchased a new position in shares of COPT Defense Properties in the first quarter worth about $1,255,000. Finally, California State Teachers Retirement System purchased a new position in shares of COPT Defense Properties in the first quarter worth about $2,721,000. Insider Buying and Selling In other news, COO Britt A. Snider purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $29.41 per share, for a total transaction of $29,410.00. Following the completion of the purchase, the chief operating officer now directly owns 2,000 shares of the company’s stock, valued at $58,820. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 1.06% of the stock is owned by insiders. COPT Defense Properties Trading Up 0.4 % COPT Defense Properties ( NYSE:CDP – Get Free Report ) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). The business had revenue of $189.23 million during the quarter, compared to analyst estimates of $167.37 million. COPT Defense Properties had a net margin of 18.34% and a return on equity of 8.99%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Equities research analysts predict that COPT Defense Properties will post 2.57 EPS for the current fiscal year. COPT Defense Properties Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.295 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.58%. COPT Defense Properties’s dividend payout ratio is currently 96.72%. Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. BTIG Research raised their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Evercore ISI raised their price objective on shares of COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wedbush raised their price objective on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.75. Get Our Latest Stock Report on CDP COPT Defense Properties Company Profile ( Free Report ) COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Read More Want to see what other hedge funds are holding CDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for COPT Defense Properties ( NYSE:CDP – Free Report ). 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CBAK Energy Technology, Inc. (NASDAQ:CBAT) recently disclosed in a filing with the Securities and Exchange Commission that it has received a notice from The Nasdaq Stock Market LLC regarding its non-compliance with the minimum bid price requirement. The notice, received on December 26, 2024, highlighted that CBAK Energy Technology is currently below the minimum bid price of $1.00 per share, as mandated by Nasdaq Listing Rule 5550(a)(2). According to Nasdaq Listing Rule 5810(c)(3)(A), a failure to meet this requirement over a consecutive 30-business-day period triggers non-compliance. If by June 24, 2025, CBAK Energy Technology fails to meet the minimum bid price requirement, they may qualify for an additional 180-day grace period. However, should the company not qualify for this extension or still not achieve compliance, Nasdaq will initiate the delisting process. In such a scenario, the company will have the opportunity to appeal the delisting determination before a Hearings Panel. The report was duly signed by Jiewei Li, the Chief Financial Officer of CBAK Energy Technology, Inc., on December 27, 2024. Investors and stakeholders will be keen to monitor CBAK Energy Technology’s progress in meeting Nasdaq’s bid price requirement over the coming months. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CBAK Energy Technology’s 8K filing here . CBAK Energy Technology Company Profile ( Get Free Report ) CBAK Energy Technology, Inc, together with its subsidiaries, manufacture, commercialization, and distribution of lithium ion high power rechargeable batteries in Mainland China, the United States, Europe, and internationally. The company operates in two segments, CBAK and Hitrans. Its lithium batteries are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles, such as electric bicycles, electric motors, electric tricycles, and smaller-sized electric cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. See AlsoPercentages: FG .529, FT .750. 3-Point Goals: 11-27, .407 (LeGree 3-5, Alocen 2-3, Wagner 2-5, Teel 2-6, Harding 1-2, Doughty 1-4, Summers 0-2). Team Rebounds: 2. Team Turnovers: None. Blocked Shots: 2 (Daughtry, Summers). Turnovers: 17 (Teel 5, Daughtry 4, Doughty 3, LeGree 3, Alocen, Harding). Steals: 6 (Daughtry 3, Alocen, LeGree, Teel). Technical Fouls: None. Percentages: FG .469, FT .579. 3-Point Goals: 9-23, .391 (Reaves 6-9, Bundy 1-2, Menard 1-4, Njie 1-6, Jungers 0-1, Wallace 0-1). Team Rebounds: 4. Team Turnovers: 3. Blocked Shots: 3 (Barr 2, Bundy). Turnovers: 11 (Moundi 3, Barr, Bundy, Emuobor, Hogarth, Jungers, Menard, Njie, Reaves). Steals: 10 (Reaves 3, Hogarth 2, Njie 2, Bundy, Jungers, Moundi). Technical Fouls: None. A_325 (4,000).The Smartest Dividend Stocks to Buy With $3,000 Right Now