Apple

Traders work on the floor at the NYSE in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17, 2019. REUTERS/Brendan McDermid

June 17, 2019

By Noel Randewich

(Reuters) – Wall Street climbed on Monday, with Facebook, Apple and Amazon leading the way, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.

The U.S. central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but its statement will provide insight into the impact of the U.S.-China trade war, President Donald Trump’s calls for a rate cut and weaker economic data.

With investors expecting a rate cut as early as July, the S&P 500 index has risen 5% this month after tumbling in May due to fears about the U.S.-China trade war.

Buttressing expectations of a rate cut this year, the New York Federal Reserve said its “Empire State” gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2-1/2 years, suggesting an abrupt contraction in regional activity.

“The Empire manufacturing numbers that came out were dreadful,” said Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors in Chicago. “We’re back to that the idea that bad news is good news, with the Fed meeting around the corner, and that the Fed will respond with lower rates.”

The Fed’s rate-setting committee is due to release its statement at 2 p.m. EDT (1800 GMT) on Wednesday, with Fed Chair Jerome Powell holding a press conference shortly after.

The S&P banks index, which tend to benefit from a rising interest rate environment, dipped 0.36%, while the broader S&P 500 financial sector edged down 0.40%.

Volatile investor favorites Facebook, Apple, Amazon, Microsoft and Netflix contributed more than any other stocks to the S&P 500’s gain.

At 2:33 p.m. EDT, the Dow Jones Industrial Average was up 0.17% at 26,134.34 points and the S&P 500 had gained 0.23% to 2,893.51.

The Nasdaq Composite added 0.79% to 7,858.39.

Keeping the gains in check for the blue-chip Dow index was a 3.7% decline in Dow Inc after brokerage BMO Capital Markets downgraded the chemicals maker’s stock to “market perform” on rising macro uncertainty.

Array Biopharma Inc surged 56.6% after Pfizer Inc agreed to buy the drugmaker for $10.64 billion to beef up its cancer portfolio. Pfizer was mostly unchanged.

Investors are also looking forward to the G20 summit at the end of the month for an update on the progress in talks to resolve the prolonged trade war between the United States and China.

The S&P 500 posted 35 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 77 new lows.

(Additional reporting by Shreyashi Sanyal and Aparajita Saxena in Bengaluru; Editing by Nick Zieminski)

Source: OANN

Big Tech is under the Hot Seat… Will someone make these Monopolies do the right thing? Will those cast out be let back in?

Big Tech on a rare bipartisan hot seat
Big Tech and its practices will be under a bipartisan microscope as the House Judiciary Committee on Tuesday will launch its investigation into the market dominance of Silicon Valley’s biggest names. It will begin with a look at the impact of the tech giants’ platforms on news content, the media and the spread of See More misinformation online. The House Judiciary Committee’s investigation of tech market power stands out because it’s bipartisan and the first review by Congress of industry that dominated with generally little interference from federal regulators.

But with regulators at the Justice Department and Federal Trade Commission apparently pursuing antitrust investigations of Facebook, Google, Apple and Amazon, and several state attorneys general exploring bipartisan action of their own, the tech industry finds itself being increasingly accused of operating like monopolies. Rep. David Cicilline, D-RI, will lead Tuesday’s subcommittee hearing and vowed that the panel will broadly investigate the digital marketplace and “the dominance of large technology platforms,” with an eye toward legislative action to increase competition.

Investigators seek clues behind NYC helicopter crash
The helicopter pilot killed in Monday’s crash in New York Cityhas been identified as a former volunteer fire chief and a “dedicated, highly professional and extremely well trained firefighter,”as well as a skilled pilot. Tim McCormack died Monday after he made a “crash landing” on the roof of 787 Seventh Avenue in MidtownManhattan around 2 p.m. as rain and strong winds hammered the city, the Fire Department of New York (FDNY) said. Investigators believe he was conducting “executive travel” and was headed to the “home airport in Linden, N.J.” New York City Mayor Bill de Blasio later told reporters that there appeared to be no connection to terrorism.

The Federal Aviation Administration said the National Transportation Safety Board was in charge of the investigation and “will determine probable cause of the incident.” McCormack had been involved in a bird strike-related emergency landing for a helicopter in 2014.

DOJ casts wide net in probe of surveillance abuses in Russia investigation
As part of its ongoing “multifaceted” and “broad” review into potential misconduct by U.S. intelligence agencies during the 2016 presidential campaign, the Justice Department revealed Monday it is also investigating the activities of several “non-governmental organizations and individuals.” In addition, the DOJ announced that the probe, let by Connecticut U.S. Attorney John Durham, was looking into the involvement of “foreign intelligence services.”

The DOJ’s announcement came as House Judiciary Committee Chairman Jerrold Nadler announced Monday that he plans to hit pause on efforts to hold Attorney General William Barr in contempt, after reaching a deal with the Justice Department for access to evidence related to former Special Counsel Robert Mueller’s Russia report. Separately, John Dean, the former White House counsel to Richard Nixon, testified Monday that he sees “remarkable parallels” between Watergate and the findings of Special Counsel Robert Mueller’s report – at a dramatic Capitol Hill hearing that Republicans panned as a political “show.”

Kim Jong Un’s half-brother was CIA informant: Report
Kim Jong Un’s half-brother was working as a CIA informant before he was brazenly murdered in a Malaysian airport in 2017,according to a report Monday. Kim Jong Nam, the late North Korean dictator Kim Jong Il’s eldest son, “met on several occasions with agency operatives,” according to the Wall Street Journal. “There was a nexus” between Kim Jong Nam and the intelligence agency,according to the Journal’s source. Little else is known about what Kim Jong Un’s older brother told the feds; however, the report did state he “was almost certainly in contact with security services of other countries, particularly China’s.”

Ortiz back in Boston
Retired Red Sox player David Ortiz landed in Boston in an air ambulance Monday night after a targeted shooting at a bar in Santo Domingo forced doctors in his home nation of the Dominican Republic to remove his gallbladder and part of his intestine. Ortiz, 43, arrived in Boston around 10:30 p.m. after the Red Sox sent a plane to transport him to Massachusetts General Hospital.

TODAY’S MUST-READS
Dems halt effort to secure pay increase for lawmakers, as contempt votes, funding drama loom.
Justin Amash gone from House Freedom Caucus after saying Trump’s conduct was ‘impeachable.’
Jonathan Morris: My decision to leave the Catholic priesthood.

MINDING YOUR BUSINESS
Walmart vs. Amazon: Who is ahead in battle for retail dominance?
Makan Delrahim, Ajit Pai met Friday to discuss T-Mobile-Sprint deal as DOJ decision looms.
Why Americans should get into the housing market now.

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Foxconn Technology Group founder and chairman, Terry Gou, speaks during a news conference in Taipei
Foxconn Technology Group founder and chairman, Terry Gou, speaks during a news conference after his trip to the U.S., in Taipei, Taiwan May 6, 2019. REUTERS/Tyrone Siu

June 11, 2019

By Yimou Lee

TAIPEI (Reuters) – Apple supplier Foxconn on Tuesday announced a leadership overhaul that will see more executives involved in the running of its daily operations, as Chairman Terry Gou seeks to run in Taiwan’s 2020 presidential election.

At its first investor conference in Taipei, Foxconn revealed a new “operations committee” that will give nine senior executives from the group’s subsidiaries greater control.

Reuters exclusively reported last Thursday on the overhaul, which marks a major shift in Foxconn’s corporate leadership that has seen 68-year-old Gou hold a tight grip on the firm’s daily operations and strategic decisions.

The move at the world’s largest contract manufacturer also comes after Gou told Reuters in April that he planned to step down from Foxconn to pave the way for younger talent to move up the ranks.

Foxconn on Tuesday told investors it was well positioned to tackle headwind from ongoing the U.S.-China trade war.

“Our production capacity outside China is enough to meet demand from the U.S.,” said a member of Foxconn’s proposed new board, Liu Young-way, also known as Young Liu.

He touted the group’s ability to tackle what he called an “increasingly tough” situation amid the trade war, citing the company’s production bases in 16 countries.

The nine-person committee includes most members from Foxconn’s proposed new board, including Foxconn Chief Financial Officer Huang Chiu-lien and Foxconn Interconnect Technology Ltd Chairman Lu Sung-Ching.

The committee did not include Gou or the chairman of Foxconn’s Japanese electronics unit Sharp Corp, Tai Jeng-wu, who are both members of the new proposed board.

Foxconn did not provide a reason for their absence on the committee.

Two people with direct knowledge of the matter told Reuters that Tai had resigned from the committee to avoid possible conflict of interest between parent Foxconn and its Japanese unit.

On Tuesday, Liu also sought to address investors’ concerns on what the overhaul might mean for plans initially laid out by Gou, including a $10 billion investment to create 13,000 jobs in the U.S. state of Wisconsin.

He said the Wisconsin investment was more important than before, given the trade war.

Foxconn is already under the spotlight for not yet meeting job-creation targets in Wisconsin, an investment cited by U.S. President Donald Trump as proof he was reviving American manufacturing. Reuters reported on Wednesday that Foxconn has moved more than 150 U.S. jobs to Mexico.

TRADE WAR UNCERTAINTY

Foxconn on Tuesday said it will utilize its “global distribution” as well as “localized production” to tackle growing uncertainty amid the escalating U.S.-China trade war.

Liu also vowed to boost its manufacturing capability with new technologies including fifth-generation (5G) telecoms infrastructure, artificial intelligence as well as ultra high-definition 8K technology.

Addressing investors’ long-time concerns about Foxconn’s approach to corporate transparency, the company announced a plan to hold investor conferences twice a year.

Shares in Foxconn, formally known as Hon Hai Precision Industry Co Ltd, have dropped around 20% since Gou announced in April his plans to run for president. They closed up 0.4%, in line with the broader index.

(Reporting by Yimou Lee; Editing by Anne Marie Roantree and Christopher Cushing)

Source: OANN

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Silicon ValleyMay 3

Alex Jones, Milo Yiannopoulos, Paul Joseph Watson, Paul Nehlen, Laura Loomer, and Louis Farrakhan have all been removed from Facebook and Instagram.

The details: They’re all accused of engaging in, and promoting, hate speech. Facebook has also banned any other accounts and pages associated with these individuals; one is InfoWars, which is owned by Alex Jones. Facebook and Instagram (which Facebook owns) will take down any content that includes InfoWars articles, videos, or radio clips. Facebook won’t allow any attempt to create accounts in the likeness of the individuals listed above.

Why? Facebook claims it has “always banned individuals or organizations that promote or engage in violence and hate, regardless of ideology.” In reality, enforcement has been patchy. However, evidence of the real-world impact of hate speech and misinformation online (for example, hate crimes like the Christchurch shootings) is ratcheting up the pressure on social-media platforms to act. Twitter, YouTube, and Apple had already banned Jones and InfoWars.

The bigger picture: Piecemeal announcements of individual bans underline just how difficult it is to consistently tackle misinformation and hate speech online. And it’s a reminder of how much power we’ve given to big tech firms to decide what is and isn’t acceptable in modern society.

Read more:

Source: The Washington Pundit

Stocks jumped on Friday, building on strong weekly gains, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.

The Dow Jones Industrial Average closed 263.28 points higher at 25,983.94, led by gains in Microsoft and Apple. The S&P 500 climbed 1% to 2,873.34 as the tech sector outperformed. The Nasdaq Composite gained 1.7% to 7,742.10.

The U.S. economy added 75,000 jobs in May, marking the second time in four months that jobs growth totaled less than 100,000. Economists polled by Dow Jones expected an increase of 180,000 jobs. Wage growth also slowed.

“The market’s got a conundrum here. That’s a bad report. Just on the report itself, I think people would want to sell the market. However, the fact that it really makes the case for a rate cut, I think is why you’re seeing the market hang in there,” said JJ Kinahan, chief market strategist at TD Ameritrade.

Market expectations for a Fed rate cut in June rose to 27.5% from 16.7% after the data release, according to the CME Group’s FedWatch tool. The market is also pricing in a 79% chance of lower Fed rates by July.

Traders work on the floor of the New York Stock Exchange.

Jeenah Moon | Reuters

The weak jobs number gives the Fed “a clear easing path by July, ” billionaire investor Stanley Druckenmiller told CNBC’s “Squawk Box ” before the jobs report was released.

Treasury yields fell broadly, with the benchmark 10-year rate dropping to its lowest level since 2017. The dollar slid against a basket of currencies.

Apple shares rose more than 2.5% along with Microsoft. For the week, Apple soared more than 8% while Microsoft gained 6.3%.

Bank shares followed yields lower. Citigroup, J.P. Morgan Chase and Bank of America all fell more than 1%.

The major indexes posted sharp gains for the week. The Dow jumped 4.7%, its biggest weekly gain since November. It also snapped a six-week losing streak. The S&P 500 and Nasdaq were up 4.4% and 3.9% this week, respectively.

Fed Chair Jerome Powell said Tuesday the central bank is “closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion.”

“You’re seeing this view to price in cuts, that things are going to be worse later this year, that the Fed is going to have to quickly change its cycle again, and that puts Powell in a tough bind here,” said Erik Bregar, head of FX strategy at the Exchange Bank of Canada. “In December, they were still talking rate hikes and now they’ve got to flip around to pandering to the market’s want for cuts.”

“There’s this view that Powell is going to come in for the rescue and it’s lifting everything,” he said. “The punch bowl is back in play.”

Investors also kept an eye on trade as talks between U.S. and Mexico officials continue.

Mexican ambassador to the U.S. Martha Barcena Coqui told CNBC that negotiations involved a “very good discussion.” Mexico has also agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants hoping to reach the U.S., Reuters reported Thursday.

President Donald Trump tweeted “there is a good chance ” the two countries can make a deal. This would keep the administration from slapping a 5% tariff on all Mexican imports into the U.S.

—CNBC’s Elliot Smith contributed to this report.

Correction: This story has been updated to reflect May the second time in four months that jobs growth totaled less than 100,000.

Stocks jumped on Friday, building on strong weekly gains, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.

The Dow Jones Industrial Average closed 263.28 points higher at 25,983.94, led by gains in Microsoft and Apple. The S&P 500 climbed 1% to 2,873.34 as the tech sector outperformed. The Nasdaq Composite gained 1.7% to 7,742.10.

The U.S. economy added 75,000 jobs in May, marking the second time in four months that jobs growth totaled less than 100,000. Economists polled by Dow Jones expected an increase of 180,000 jobs. Wage growth also slowed.

“The market’s got a conundrum here. That’s a bad report. Just on the report itself, I think people would want to sell the market. However, the fact that it really makes the case for a rate cut, I think is why you’re seeing the market hang in there,” said JJ Kinahan, chief market strategist at TD Ameritrade.

Market expectations for a Fed rate cut in June rose to 27.5% from 16.7% after the data release, according to the CME Group’s FedWatch tool. The market is also pricing in a 79% chance of lower Fed rates by July.

Traders work on the floor of the New York Stock Exchange.

Jeenah Moon | Reuters

The weak jobs number gives the Fed “a clear easing path by July, ” billionaire investor Stanley Druckenmiller told CNBC’s “Squawk Box ” before the jobs report was released.

Treasury yields fell broadly, with the benchmark 10-year rate dropping to its lowest level since 2017. The dollar slid against a basket of currencies.

Apple shares rose more than 2.5% along with Microsoft. For the week, Apple soared more than 8% while Microsoft gained 6.3%.

Bank shares followed yields lower. Citigroup, J.P. Morgan Chase and Bank of America all fell more than 1%.

The major indexes posted sharp gains for the week. The Dow jumped 4.7%, its biggest weekly gain since November. It also snapped a six-week losing streak. The S&P 500 and Nasdaq were up 4.4% and 3.9% this week, respectively.

Fed Chair Jerome Powell said Tuesday the central bank is “closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion.”

“You’re seeing this view to price in cuts, that things are going to be worse later this year, that the Fed is going to have to quickly change its cycle again, and that puts Powell in a tough bind here,” said Erik Bregar, head of FX strategy at the Exchange Bank of Canada. “In December, they were still talking rate hikes and now they’ve got to flip around to pandering to the market’s want for cuts.”

“There’s this view that Powell is going to come in for the rescue and it’s lifting everything,” he said. “The punch bowl is back in play.”

Investors also kept an eye on trade as talks between U.S. and Mexico officials continue.

Mexican ambassador to the U.S. Martha Barcena Coqui told CNBC that negotiations involved a “very good discussion.” Mexico has also agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants hoping to reach the U.S., Reuters reported Thursday.

President Donald Trump tweeted “there is a good chance ” the two countries can make a deal. This would keep the administration from slapping a 5% tariff on all Mexican imports into the U.S.

—CNBC’s Elliot Smith contributed to this report.

Correction: This story has been updated to reflect May the second time in four months that jobs growth totaled less than 100,000.

Trump Tweeted “I kept hearing that there would be “massive” rallies against me in the UK, but it was quite the opposite.” What Do You Think?

Trump calls ‘Resistance’ protests in Britain a ‘flop,’ believes he’s dominate polls if meda were fair
President Trump, in a series of tweets early Wednesday, called out the “corrupt media” for reporting on the paltry protester turnout during his trip to the U.K.and said if there was actually “fair” news See More accounts about his success in office, he would be dominating in polls. “I kept hearing that there would be “massive” rallies against me in the UK, but it was quite the opposite. The big crowds, which the Corrupt Media hates to show, were those that gathered in support of the USA and me,” he posted. Thousands of Londoners lined the streets Tuesday to protest his visit with the queen, including those carrying a giant baby blimp Trump.

Earlier, Trump sat down with Piers Morgan for ITV’s “Good Morning Britain” and clarified controversial comments last week about Meghan Markle in the Sun British tabloid. Trump again said he wasn’t calling Markle nasty, but rather was just surprised to hear her critical comments about him.

Trump to Schumer: Mexico tariff threat is ‘no bluff’
With Republicans threatening to block his move to impose tariffs on Mexican imports over the migration crisis at the southern border, President Trump blasted Senate Minority Leader Chuck Schumer, D-N.Y. , for suggesting he would ultimately back down from his plan. “Can you imagine Cryin’ Chuck Schumer saying out loud, for all to hear, that I am bluffing with respect to putting Tariffs on Mexico. What a Creep. He would rather have our Country fail with drugs & Immigration than give Republicans a win. But he gave Mexico bad advice, no bluff!” Trump tweeted. Trump has vowed to impose a 5 percent tariff on Mexican imports next week unless the country does more to stem illegal migration. Lawmakers and business allies have worried publicly that the tariffs would derail the long-promised United-States-Mexico-Canada Agreement (USMCA) — a rewrite of the North American Free Trade Agreement (NAFTA) that Trump had promised to replace. All sides, including officials from Mexico meeting with Trump negotiators in Washington this week, have remained hopeful that high-level talks would ease the president away from his threat.

Dems and Barr ready negotiate after ‘overbroad’ subpoena requests
Hours after the Department of Justice (DOJ) slammed House Democrats for planning a contempt vote against Attorney General William Barr — and charged that Democrats had privately admitted their subpoena requests were “overbroad” –House Judiciary Committee Chairman Jerry Nadler announced late Tuesday that he is open to negotiating with the DOJ “without conditions.” The turn of events reopened the possibility that Barr’s contempt vote may be postponed or canceled, if both sides return to the negotiating table. Nadler, however, pointedly refused to cancel the planned contempt vote prior to beginning any new negotiations, as the DOJ had demanded.

‘Coward of Broward’ paying for alleged shooter’s sins?
Lawyers for a Marjory Stoneman Douglas High resource officer have vowed to fight the charges he faces for failure to enter the school during the 2018 mass shooting. Joseph DiRuzzo III, lawyer for Scot Peterson, said in a statement: “We will vigorously defend against these spurious charges that lack basis in fact and law. Specifically, Mr. Peterson cannot reasonably be prosecuted because he was not a ‘caregiver’, which is defined as ‘a parent, adult household member, or other person responsible for a child’s welfare.’” Peterson has been charged with seven counts ofneglect of a child, three counts of culpable negligence and one of perjury after a 15-month investigation, according to a news release from Florida authorities. The charges carry a combined potential prison sentence of nearly 100 years for the officer blasted by many critics as the “Coward of Broward.”

Rumors of Jussie Smollett’s return to ‘Empire’ squashed 
Following a Variety magazine report that claimed Jussie Smollett might be returning to “Empire” for its sixth and final season, the show’s co-creator and executive producer — Lee Daniels — immediately shut down any speculation. “This is not factual. Jussie will NOT be returning to Empire. -LD,” Daniels tweeted, instantly dispelling any rumors. Smollett’s “character, Jamal Lyon,was written out of the final episodes of Season 5 of “Empire.” In May, Fox announced that its hit drama would end after Season 6 and that there were still no plans to bring back Smollett’s character.

TODAY’S MUST-READS
WATCH: Russia claims to test fire new hypersonic interceptor missile.
Black Lives Matter activist Shaun King says Manafort doesn’t deserve Rikers.
CDC investigates mystery deathsof Texas veteran, wife during trip to Fiji.

MINDING YOUR BUSINESS
Bernie Sanders gears up to press Walmart on worker pay, representation.
How to block robocalls on iPhonewith the incoming Apple software update.
How to protect yourself after Quest Diagnostics data breach.

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Amazon could face heightened antitrust scrutiny under a new agreement between U.S. regulators that puts it under closer watch by the Federal Trade Commission, three people familiar with the matter said.

The move is the result of the FTC and the Department of Justice, the U.S. government’s leading antitrust enforcement agencies, quietly divvying up competition oversight of two of the country’s top tech companies, according to those people, who spoke on the condition of anonymity because the government’s work is confidential. The Justice Department is set to have more jurisdiction over Google, The Washington Post reported on Friday, paving the way for a potential investigation of the search-and-advertising giant.

The FTC’s plans for Amazon and the Justice Department’s interest in Google are not immediately clear. But the kind of arrangement brokered between the Justice Department and the FTC typically presages more serious antitrust scrutiny, the likes of which many Democrats and Republicans on Capitol Hill have sought out of fear that tech companies have become too big and powerful.

The Justice Department this week declined to comment, citing a policy against confirming or denying investigations. The FTC also declined to comment. Amazon did not immediately have comment. (Jeff Bezos, the founder and chief executive of Amazon, owns The Washington Post.)

“If there is an active discussion of where the boundaries are, that would indicate there’s a reason for that discussion, whether it’s a new interest, study or investigation,” said Maureen Ohlhausen, a partner at the law firm Baker Botts who previously served as chair of the FTC.

The early moves from the government’s twin antitrust agencies mark the latest attempts by U.S. regulators to better supervise tech giants. Earlier this year, the FTC established a special task force it said would monitor tech and competition, including “investigating any potential anticompetitive conduct in those markets, and taking enforcement actions when warranted.”

For years, the European Union has taken the lead in probing whether Silicon Valley too easily stamps out rivals to the detriment of web users. E.U. officials are actively investigating Amazon and have repeatedly fined Google for violating its antitrust laws.

Antitrust also has become an early flash point among Democrats vying for the White House ahead of the 2020 election. Sen. Elizabeth Warren (D-Mass.) recently threatened major investigations of Amazon, Apple and Facebook. This week, she offered early support in response to news that the Justice Department could bring such an investigation against Google.

Politicians have long raised concerns that Amazon’s dominance in online retail – as well as its growing reach across a variety of business fields – has given it too much power. It holds sway over third-party sellers on its site, who pay for advertising to compete against first-party and private-label sales by Amazon. Its low prices also have helped it draw customer spending at the expense of brick-and-mortar competitors.

The e-commerce giant sells roughly half of all online goods in the United States, but it makes up a much smaller portion of total retail sales. It has expanded into other areas, too, such as cloud computing with Amazon Web Services and grocery sales with the acquisition of Whole Foods, a deal the FTC allowed to proceed in 2017.

Google’s chief critics contend the company has acted illegally to protect its huge footprint in search and advertising as well as its newer ambitions, ranging from smart thermostats to self-driving cars. The FTC previously investigated Google but closed the matter in 2013 without breaking it up or forcing it to make major changes to its business practices.

“This should be a wake-up call to both Google and Amazon to behave themselves because it at least shows that the Justice Department and FTC are thinking about them,” said Gene Kimmelman, the president of Public Knowledge, a Washington-based consumer advocacy group.

APPLE could be developing a FOLDING iPhone with a flexible screen, newly unearthed patent documents show.

The tech giant has submitted a patent showing a double-folding screen that can be bent backwards or folded inward from either end.

 An Apple patent document shows the design for a multiple folding device

4

An Apple patent document shows the design for a multiple folding deviceCredit: Apple
 A design shows what the possible folding iPhone could look like

4

A design shows what the possible folding iPhone could look likeCredit: www.foldable.news
​Could the Apple iPhone 11 be a foldable ​mobile phone?

It suggests the device could fold to be the size of a phone – but also open up to act as a tablet.

Huawei, Samsung and Lenovo have all launched foldable devices since Apple submitted its prototype last year.

The patent documents – found by Apple Patently – claim ownership of single and multiple-folding designs.

In the application, 37 drawings illustrate technical features and folding configurations.

 The patent shows a screen that can fold in multiple directions

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The patent shows a screen that can fold in multiple directionsCredit: Apple

The folding mechanism appears to work via a hinge that rotates to allow the screen to fold in on itself.

It can also open up to a 90 degree and a 180 degree angle, the patent claims.

The screen can also fold into a triangular shape – suggesting that two people opposite each other can view content at the same time.

 Apple's patent filing shows a screen able to unfold to 90 degrees and 180 degrees

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Apple’s patent filing shows a screen able to unfold to 90 degrees and 180 degreesCredit: Apple
Samsung unveil new foldable smart phone the Galaxy Fold

Speculating about possible designs, Patently Apple reported: “The flexible cover layer may be formed from a ceramic material (e.g., glass, strengthened glass, sapphire, zirconia) to provide some measure of protection for the flexible display from impact or other potential damaging contact.

“The flexible cover layer may also provide structural support for the display along both the folded and non-folded regions of the device.

“As used herein, a cover layer may also be referred to as a cover sheet or simply as a cover.

“In general, a foldable electronic device can be folded to accommodate a variety of form factors.

“For example, a foldable electronic device may be used in an unfolded configuration to allow use of an entire display area.”

Xiaomi tablet with foldable screen is revealed in leaked hands-on video

The apparent tech breakthrough could be rolled out to multiple Apple devices – including the iPad, MacBook and Apple Watch.

It comes after a previous patent by Apple titled ‘Flexible Display Devices’ was filed on October 12th, 2018

Designs have been transformed into convincing pictures showing how the product would look by Dutch industrial designer Roy Gilsing.

It is unclear whether Apple actually plans to develop the folding device.

The Sun Online has reached out to the firm for comment.

It comes after Samsung recalled its £1,800 Samsung Galaxy Fold in April after early units being tested by gadget reviewers broke.

Chinese firm Royale beats Apple and Samsung in race to release ‘world’s first’ FOLDABLE phone with the Flexpai


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Trump Vs Biden Who Do You Think Will Win?

Trump doubles-down on ‘low IQ’ attacks on Biden, targets past support of 1994 crime bill 

President Trump on Monday did not let criticism over his siding with North Korean leader Kim Jong Un in an attack on 2020 Democratic front-runner Joe Biden muzzle him. In fact, just before beginning his journey home from his trip to Japan, the president doubled-down on his attacks on the former vice president. “Kim Jong Un made a statement that Joe See More Biden is a low-IQ individual based on his record…I think I agree with him on that,” Trump said at a joint press conference with Japanese Prime Minister Shinzo Abe. Trump slammed Biden’s support of a controversial 1994 crime bill, tweeting that he hasn’t “apologized” for backing it.

Trump claimed “anyone associated” with the bill “will not have a chance of being elected.” The president tweeted that his own criminal justice reform legislation – the First Step Act – “had tremendous support” and “fixed” problems in the law Biden championed. The 1994 Violent Crime Control and Law Enforcement Act, signed by then-President Bill Clinton, was seen by many analysts as the culmination of efforts to fight violent crime. However, in the decades that followed, critics blamed the law for an increase in prison populations, among other problems.

Trump not bothered by recent North Korea missile tests
President Trump, in his press conference with Japanese Prime Minister Abe, said he didn’t think North Korea’s recent short-range missile launches were a violation of United Nations Security Council resolutions, despite his advisers’ beliefs otherwise. Trump said perhaps North Korean leader Kim Jong Un was trying to get attention. Both Abe and Trump national security adviser John Bolton agree North Korea violated U.N. resolutions and that sanctions must remain in place. In addition, Trump appeared to tone down his rhetoric on Iran and said the U.S. is not seeking a regime change just a week after he warned Tehran that a confrontation between the two countries would lead to its demise.

At least 5 million in Ohio left without power after ‘large and dangerous’ tornado
A powerful storm system that included at least one tornado considered “large and dangerous”passed through Ohio late Mondaythat resulted in widespread damage, including 70,000 power outages currently affecting over 5 million people. Social media accounts claim to show a massive funnel cloud as it hit near Trotwood, Ohio, 8 miles northwest of Dayton. At least half a dozen communities from eastern Indiana through central Ohio suffered damage from the storm system, according to the National Weather Service. There have been no immediate reports of injuries or deaths.

Japan stabbing attack leaves at least two dead, 16 hurt
A knife-wielding man screaming “I will kill you!” attacked commuters — mostly schoolchildren — waiting at a suburban Tokyo bus stop during the morning rush hour Tuesday, killing at least two people, a schoolgirl and an adult man, according to Reuters, and wounding at least 16 others before he killed himself. Three of the injuries were serious while the others were not life-threatening,according to an official at the Kawasaki city office. Officials told NHK the suspect, believed to be in his 40s or 50s, attacked people near Noborito Park in a residential area of Kawasaki City. The number of wounded reportedly included 13 children. Television footage showed emergency workers giving first aid to people inside a tent set up on the street, and police and other officials carrying the wounded to ambulances.

Avenatti’s case of the Terrible Tuesday
Embattled attorney Michael Avenatti will have a busy day in Manhattan federal court Tuesday afternoon — but as a defendant, not as counsel. Avenatti, 49, is scheduled to be arraigned on charges that he stole nearly $300,000 from adult film actress Stormy Daniels, the client who rocketed him to national prominence. Approximately three-and-a-half hours later, Avenatti is scheduled to be arraigned on charges that he tried to extort up to $25 million from athletic apparel giant Nike by threatening to expose claims that the shoemaker paid off high school basketball players to steer them to Nike-sponsored colleges. If convicted on all counts, Avenatti could face a total of 69 years in prison. Avenatti repeatedly has denied any wrongdoing and is expected to plead not guilty to all charges.

NRA-opposed measure tests Texas governor
A Texas gun storage safety measure added to a massive spending bill sets up a political test for Gov. Greg Abbott as the legislation heads to his desk, the Associated Press reported. The $1 million measure was added late Sunday by budget negotiators — most of whom are Republicans. The bill was approved Sunday night by the GOP-controlled legislature. The campaign for safe home gun storage, just one part of the much broader $250 billion state budget, was fiercely opposed by the National Rifle Association (NRA) and gun-rights activists. Abbott, a Republican who has line-item veto power in regard to the budget, must decide whether to nix the measure or ignore pressure from some gun rights groups and approve it.

TODAY’S MUST-READS
Privately funded organization ‘We Build the Wall’ starts construction of border barrier in El Paso area.
Trump seizes on NYU professor’s tweet to push change of libel laws.
Remembering Major League Baseball great Bill Buckner.

MINDING YOUR BUSINESS
New auto giant? Fiat Chrysler wants to merge with Renault.
China shouldn’t ban Apple, Huawei founder Ren Zhengfei says.
Car depreciation by model: How quickly these popular brands lose value.

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