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As geopolitical factors such as trade frictions and Brexit cloud the economic outlook, central bankers’ speeches next week will be scrutinized for any hint of a rethink about their monetary policy paths letter q cufflinks uk sale. Fed Chairman Jerome Powell is due to speak on Wednesday in New York and the president of the European Central Bank, Mario Draghi, takes his turn on Thursday in Frankfurt. With little in the way of market-moving data during the week, news headlines are more likely to drive the risk appetite of investors, already on the defensive after recent bouts of market volatility..
WASHINGTON (Reuters) – When iPhone users want to edit blemishes out of their selfies, identify stars and constellations or simply join the latest video game craze, they turn to Apple Inc’s App Store, where any software application they buy also includes a 30 percent cut for Apple letter q cufflinks uk sale. That commission is a key issue in a closely watched antitrust case that will reach the U.S. Supreme Court on Monday. The nine justices will hear arguments in Apple’s bid to escape damages in a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone apps and causing consumers to pay more than they should..
The justices will ultimately decide a broader question: Can consumers even sue for damages in an antitrust case like this one?. Apple, which is appealing a lower court decision that revived the proposed consumer class-action lawsuit, says no, citing a decades-old Supreme Court precedent. The Cupertino, California-based technology company said that siding with the iPhone users who filed the lawsuit would threaten the burgeoning field of e-commerce, which generates hundreds of billions of dollars annually in U.S. retail sales letter q cufflinks uk sale.
The plaintiffs, as well as antitrust watchdog groups, said that if the justices close courthouse doors to those who buy consumer products, monopolistic conduct could expand unchecked. “A lot of tech platforms will start making the argument that consumers don’t have standing to bring antitrust suits against us,” said Sandeep Vaheesan, legal director for the Open Markets Institute, a Washington-based antitrust advocacy group letter q cufflinks uk sale. “Uber could say, we’re just providing communication services to ride-sharing drivers,” Vaheesan said, referring to the popular ride-sharing company. “If there’s an antitrust issue, the drivers can bring a claim but passengers do not have standing.”..
The iPhone users accused Apple of violating federal antitrust law by monopolizing the sale of paid apps, leading to inflated prices compared to if apps were available from other sources. Though developers set the prices of their apps, Apple collects the payments from iPhone users, keeping a 30 percent commission on each purchase letter q cufflinks uk sale. One area of dispute in the case is whether app developers recoup the cost of that commission by passing it on to consumers. Developers earned more than $26 billion in 2017, a 30 percent increase over 2016, according to Apple..