Supreme Court rules Apple antitrust suit can proceed
The Supreme Court split allows consumers to pursue an antitrust lawsuit accusing Apple of monopolizing iPhone app sales through the App Store with a 30 percent commission. Justice Kavanaugh joined the four liberals in rejecting Apple’s bid to end the case, while Justice Gorsuch led a conservative dissent. In separate items, Amazon offers startup help to employees to speed delivery, and Apple plans a TV app enabling direct HBO Showtime subscriptions with offline viewing but separate billing.
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Apple TV
Trade row deepens as China ups tariffs on US goods
China announces 5 to 25 percent tariffs on $60 billion of U.S. goods effective June 1, extending duties to $110 billion of imports. The move follows U.S. tariffs on Chinese products, triggering market Selloffs and warnings from officials. Analysts warn the measures could slow growth and disrupt global trade, with both sides likely to feel the impact.
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Zhipeng Cai
Facebook raises pay for most U S contract workers
Facebook will boost wages for most U S contract workers to address cost of living in high wage areas. Minimums rise to 22 in San Francisco New York and Washington DC with 20 in Seattle and 18 in other metro areas. The change targets contractors via outside providers and aims to help content moderators and other roles.
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Dow sinks as Washington fights China tariff war
The Dow Jones fell 617 points amid fears of a deepening U S China trade war. Apple Caterpillar and Boeing led declines while utilities rose. Global markets slid with S&P and Nasdaq also dropping, and analysts warned of a possible recession risk.
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By Thomas Heath
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