CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Apple and Amazon write letter supporting undocumented immigrants

Apple and Amazon join 100 companies to support the DREAM Act to help undocumented youth.

Amazon and Apple are weighing in on the political debate about immigration. They have joined other tech companies to write a letter to the US Congress to pass the Development, Relief, and Education for Alien Minors(DREAM) Act to help 700,000 undocumented youth stay in the US.

Why are tech companies supporting Dreamers?

The undocumented youth, or Dreamers, are at the center of a major immigration fight in the US. US President, Donald Trump, and many of his fellow Republicans wants to deport young adults that were brought to US by their parents through undocumented immigration. Many tech companies and Democrats are against Trump’s hardline approach to immigration and want reforms to help the youth stay in the US. They wrote a letter to Congress to urge them to find a bipartisan solution to immigration reform.

‘With the re-opening of the federal government and the presumptive restart of immigration and border security negotiations, now is the time for Congress to pass a law to provide Dreamers the certainty they need. These are our friends, neighbors, and coworkers, and they should not have to wait for court cases to be decided to determine their fate when Congress can act now,’ wrote the companies.

‘We have seen time and again that the overwhelming majority of Americans of all political backgrounds agree that we should protect Dreamers from deportation. American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay,’ added the companies in the letter.

Are tech companies helping or hurting Dreamers?

While companies like Amazon claim to want to help undocumented workers, immigration rights groups like the American Civil Liberties Union(ACLU), says that the company benefits from deporting undocumented immigrants. They say that the online retailer sells its facial recognition software, Rekognition, to law enforcement agencies that target undocumented migrant workers.

‘Amazon says Rekognition can be used to identify people of interest raising the possibility that those labeled suspicious by governments—such as undocumented immigrants-will be seen as fair game for Rekognition surveillance,’ wrote the ACLU.

Immigration reform is a complicated issue that affects the US in many ways, from the emotional toll on families to the reported $90 billion in lost tax revenue if undocumented immigrants are deported. Apple and Amazon are just the latest organisations trying to get Congress to end the long impasse and find a solution to the problem.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Be ready to act on ECB opportunities

Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 22 April 2021.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.