How Companies Are Bracing for Trump's Immigration Crackdown
On Thursday, we're looking at how the administration's crackdown on illegal immigration is starting to affect businesses directly. We're also going deep on fintech's newest darling, stablecoins. And we take a first look at a big fund-raising round for — of all things — a networking start-up.
Businesses in the immigration cross hairs
President Trump's crackdown on illegal immigration is rapidly moving beyond Los Angeles, threatening to destabilize companies across the country.
The president has vowed a national effort that is leaving businesses and their employees on edge and economists worried about the long-term growth risks, Danielle Kaye reports.
'One of the main concerns is a loss of valuable workers,' Shanon Stevenson, a partner at the employment law firm Fisher Phillips who specializes in immigration, told DealBook. On Tuesday, she said, she was swamped with calls from businesses across America who fear having to shut down some operations, and potentially losing business and customers.
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