May 26, 2017

Trump issues fewer visas to Muslim-majority countries

Pablo Martinez Monsivais / AP

New State Department data revealed the U.S. is issuing fewer non-immigrant visas to Muslim-majority countries, per Politico's Nahal Toosi and Ted Hesson.

The data showed that among 50 Muslim-majority countries, the number of non-immigrant visas granted in April decreased by 20% compared to the average monthly number in 2016. And for Arab countries, the number of non-immigrant visas declined by 30%.

The Trump effect: There was a 55% decrease in the number of visas granted among the six countries targeted by Trump's travel ban (Iran, Syria, Sudan, Somalia, Libya and Yemen).

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.