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Tag Archives: Trade

Uber reaches settlement with Waymo in dispute over trade secrets

After four days of blistering testimony that detailed the alleged theft of Waymo computer files and trade secrets — and Uber’s reaction to it — Uber threw in the towel.

Under a settlement announced Friday, Uber said it has agreed to pay $ 245 million in Uber equity to Waymo’s parent, Google’s Alphabet. – Los Angeles Times

USD Growth Capped in Asian Trade

Source: – Wednesday, November 29, 2017
Yesterday, the Senate Budget Committee in the US voted to advance the Republican tax bill. This time, the tax bill was approved by the committee without Trump;s involvement. Donald Trump argued with Democratic Congressional leaders and tweeted that he failed to reach a deal with them on funding the government. However, in the Asian trade, investors preferred to neglect the incident, thus pushing the US dollar index up above 93.00. Obviously, market participants are pleased after a Republican tax proposal moved a step closer to a full Senate vote. Meanwhile, the bullish sentiment was waning in the Asian session. The USD/JPY pair bounced marginally to 111.60 and afterwards made a downward correction. Mass media reported that North Korea fired another ballistic missile at night. Traders are in no hurry to shift focus to safe haven assets, but the USD/JPY pair is likely to trade with muted gains. Japan released a report on retail sales for October. On a yearly basis, retail sales sank 0.2% in line with the forecast. The  economic calendar reminds traders of moving events in the second half of the global trading day. The US will present flash GDP data for the third quarter. Janet Yellen will testify before the congressional Joint Economic Committee. Mark Carney is also due to speak today. These and other factors could bring changes to the currency market. © Prabhu for Forex Videos , 2017. | Permalink | No comment | Add to

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Why Trump is Wrong About Trade

Source: – Sunday, October 15, 2017
There aren’t many policies that get near unanimous support from economists, but free trade is one of them. Despite this, a central theme of the 2016 presidential campaign, heard from both political parties, was that free trade was somehow harmful to the United States and corrective action was needed. Mark Perry, an economics professor at the University of Michigan-Flint and scholar with the American Enterprise Institute, makes the case for why President Trump’s assessment of free trade is misguided.

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Investors focused on Trump trade

Source: – Monday, April 03, 2017

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Federal Trade Commission Calls Vemma A Pyramid Scheme That Preys On Young Adults

In a Wednesday complaint, the FTC called Vemma an “illegal pyramid scheme” and found the company focused on recruitment of distributors over bona fide retail sales, while also misleading distributors, mostly young adults, on their ability to earn income by selling its energy and nutrition drinks. Most popular stories