The Wall Street Skinny 184. Quarterly Earnings: OUT?! Plus Trump's H1-B Shock, and Should We Ditch the Fed Funds Rate?
Sep 26, 2025
This week, the hosts dive into Trump's bold suggestion to shift public companies from quarterly to semi-annual earnings, balancing efficiency with transparency. They explore proposed changes to H-1B visa fees that could reshape hiring in various sectors, discussing potential impacts on startups and salary dynamics. Finally, the debate heats up over whether to move away from the Fed funds rate in favor of more empirical measures like SOFR, offering insights into monetary policy and financial market dynamics.
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Plan Around H‑1B Cost Shifts
- If firms must sponsor H-1B visas under a $100k annual fee, expect employers to use L-1 intra-company transfers or hire offshore instead of paying the cost.
- Consider targeting firms with global offices if you are an international applicant seeking U.S. roles.
Banks Reroute Talent Historically
- Kristen recalled 2007–2009 when international analyst hires often went to other offices when visas were scarce.
- Banks routinely used alternative visas or overseas postings before bringing talent back to the U.S.
Wage Effects Are Uncertain
- Removing cheaper foreign labor via H‑1B changes could raise wages for entry roles if jobs stay domestic.
- But many roles may simply move offshore, so wage gains are not guaranteed.