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China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff

Regions

US probes Harvard, MIT and seven more elite universities over visa fraud

The Trump administration’s visa crackdown now reaches academia.

News | 10 October 2026

US probes Harvard, MIT and seven more elite universities over visa fraud

The Trump administration’s visa crackdown now reaches academia, with probes intiated into Harvard, MIT and seven more elite universities over visa fraud.

Nine top universities face federal subpoenas over alleged misuse of J-1 exchange visas, which puts foreign research talent and federally funded science in the spotlight.

The Labor Department’s inspector general, Anthony D’Esposito, announced a J-1 fraud investigation into Harvard, Yale, Stanford, Brown, Pittsburgh, UC Davis, Caltech, Arizona State and MIT. Subpoenas have been issued, and a new Visa Fraud Strike Team will bring together investigators from several federal agencies.

Officials raised concerns about Chinese scholars and the Chinese government’s influence on research.

Vance said the schools use J-1 holders on federal grants at about 61%, against a 38% national average, but the administration has not released evidence about specific universities.