Financial News

Max Gardner Pennell
November 26, 2018
AP-NC Newswatch
November 26, 2018
Financial News

 

 

 

 

Markets gain…Supreme Court hears antitrust case…Brexit annulment case tossed

 

SINGAPORE (AP) – World markets were mostly higher on Monday as traders cheered a long-awaited deal bolstering Britain’s exit from the European Union, even as opposition was rife. Futures point to a strong opening on Wall Street. Oil prices recovered. Benchmark U.S. crude oil rose above $51 per barrel. The dollar strengthened against the yen and fell against the euro and the pound.

 

WASHINGTON (AP) – Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly monopolized the market. The justices are hearing arguments Monday in Apple’s effort to end an antitrust lawsuit that could force the iPhone maker to cut the 30 percent commission it charges software developers whose apps are sold exclusively through Apple’s App Store. A judge could triple the compensation to consumers under antitrust law if Apple ultimately loses the lawsuit.

 

BRUSSELS (AP) – A European Union court has thrown out a case seeking the annulment of the Brexit negotiations. One day after the EU and Britain rubber-stamped a withdrawal agreement and a text on a future relationship, the EU general court said Monday that 13 Britons living in other EU nations had no case is seeking such a cancellation. The 13 said they were not allowed to vote in the 2016 referendum because they were living abroad.

 

 

AP-WF-11-26-18 1131GMT