During the argument, Paul Hughes, who argued for the plaintiff’s side, pointed out that there is no finding that these people entering the US will harm the employment prospects of Americans. When a visa category is linked to the ban, Hughes said there has to be a finding that these categories impact unemployment. … [Read more...] about H-1B visa holders await judgement on second lawsuit against Trump’s ban on temporary workers
President trumps executive orders
Instead, Pappas said, she is focused on what TikTok’s future could look like if the app’s ownership is bifurcated. Most of all, she said, she is doubling down on putting TikTok’s community of creators and users — ranging from those who post videos of cake decorating to those who break dance — first. Pappas later added that she regularly talked to Zhang Yiming, ByteDance’s founder and Chief Executive, about all of these issues. … [Read more...] about The woman taking over TikTok at the toughest time
Likewise, most companies are not delinking business with China. They are only talking of adopting a 'China+1' strategy to diversity supply chains so as to manage their price and supply volatilities as also to de-risk becoming hostage to Beijing’s whims. This explains Japan, India, Australia trade ministers issuing a rather open ended joint statement where "ministers reaffirmed their determination to take a lead in delivering a free, fair, inclusive, non-discriminatory, transparent, predictable and stable trade and investment environment and in keeping their markets open." … [Read more...] about Supply Chain Resilience Initiative | There’s no escaping China’s growing centrality
ByteDance had been looking to pick a buyer for TikTok's US assets in order to seal a deal by mid-September and comply with President Donald Trump's order to divest them, after US officials raised concerns over the safety of the personal data of US citizens handled by TikTok. Trump last month issued executive orders banning any transactions with Chinese players ByteDance and Tencent, with the administration calling the Chinese apps 'untrusted' and referred to them as 'significant threats'.Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd., which publishes moneycontrol.com. … [Read more...] about SoftBank may bid for TikTok’s India assets, eyes local partners: Report
Market participants are however, cautious largely because tax cuts and deregulation have already been priced in, with the rally through the last three months. Recent executive orders by Trump, which will likely slow the flow the talent into the country and raise geopolitical tensions, did prove to be a setback to the feel good sentiment, but has not been enough to really dent the rally. Further, Dallas FED President Robert Kaplan reiterated the FED view, for sooner rather than later rate hikes, This along with recent upbeat US economic data have spiked rate hike chances in March to 50%. Higher interest rates will support bond markets, which could prompt an outflow from equities. … [Read more...] about Dow Heading To More Record Highs?