Homeland Security Secretary Kirstjen Nielsen. Photo: Hector Vivas/Getty Images

The Trump administration announced a new policy Friday that tightens rules for foreign or exchange students who overstay U.S. visas by counting days overstayed, not from the time the violation is reported, but from the time the visa expires.

Why it matters: The new rules, which are set to go into effect in 90 days, will count significantly more days as time overstayed. Students are banned from re-entering the country based on how long they overstayed their visas. Per the Wall Street Journal, 180-day overstay results in a 3-year ban, and an overstay of over a year prompts a 10-year ban.

By the numbers: "Some experts have estimated that 40% or 50% of about 11 million undocumented immigrants in the U.S. came legally but stayed past their departure dates," reports the Journal. And international students, specifically, are among the largest group of foreign visitors who overstay their visas.

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Coronavirus surge punctures oil's recovery

Illustration: Aïda Amer/Axios

The growth of coronavirus cases is "casting a shadow" over oil's recovery despite the partial demand revival and supply cuts that have considerably tightened the market in recent months, the International Energy Agency said Friday.

Why it matters: IEA's monthly report confirms what analysts have seen coming for a long time: Failure to contain the virus is a huge threat to the market rebound that has seen prices grow, but remain at a perilous level for many companies.

2 hours ago - Sports

Big Ten's conference-only move could spur a regionalized college sports season

Illustration: Aïda Amer/Axios

The Big Ten announced Thursday that it will move all fall sports to a conference-only schedule.

Why it matters: This will have a snowball effect on the rest of the country, and could force all Power 5 conferences to follow suit, resulting in a regionalized fall sports season.

The second jobs apocalypse

Illustration: Aïda Amer/Axios

This week, United Airlines warned 36,000 U.S. employees their jobs were at risk, Walgreens cut more than 4,000 jobs, Wells Fargo announced it was preparing thousands of terminations this year, and Levi's axed 700 jobs due to falling sales.

Why it matters: We have entered round two of the jobs apocalypse. Those announcements followed similar ones from the Hilton, Hyatt, Marriott and Choice hotels, which all have announced thousands of job cuts, and the bankruptcies of more major U.S. companies like 24 Hour Fitness, Brooks Brothers and Chuck E. Cheese in recent days.