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Despite the flat close, the S&P 500 posted its best quarterly performance since the fourth quarter of 2013. The dollar index rose 0.25 percent. “The U.S. dollar remains a metaphorical rock in a sea of troubles,” said Karl Schamotta, director of global product and market strategy at Cambridge Global Payments in Toronto. “The growth outlook for other Group of 10 countries and the emerging markets remains uncertain, and increased confidence in the forces compelling the Federal Reserve to hike rates next year is helping to lift the U.S. dollar against its counterparts,” he added.
After the Federal Reserve raised interest rates on Wednesday - ferragamo cufflinks bloomingdales its third increase this year - Fed Chair Jerome Powell said that the United States does not face a large chance of a recession in the next two years and the central bank plans to keep raising rates gradually, Benchmark 10-year notes last fell 2/32 in price to yield 3.063 percent, from 3.055 percent late on Thursday, “We are seeing safety trade due to the Italian crisis, people are coming in and buying U.S, paper and the dollar,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York..
(Reuters) - A U.S. trade judge on Friday declined to block the importation of Apple Inc (AAPL.O) iPhones with chips from Intel Corp (INTC.O), handing a major defeat to Qualcomm Inc (QCOM.O) in its high-stakes legal dispute with the iPhone maker. A U.S. International Trade Commission judge said Apple’s phones infringed one Qualcomm patent related to power management technology, but denied the chipmaker’s request for a ban on the import of some iPhones into the United States. Thomas Pender, an administrative law judge at the ITC, said that “public interest factors” weighed against granting Qualcomm’s request for a ban.
The determination will be reviewed by ferragamo cufflinks bloomingdales other judges, Qualcomm, the world’s largest mobile phone chipmaker, has another pending patent case against Apple before the ITC, Apple said in a statement that Qualcomm had unfairly demanded royalties for technologies it had nothing to do with, “We’re glad the ITC stopped Qualcomm’s attempt to damage competition and ultimately harm innovators and U.S, consumers,” Apple said, In a statement, Qualcomm general counsel Don Rosenberg said the company was pleased the judge did find patent infringement, but “it makes no sense to then allow infringement to continue by denying an import ban..
“That goes against the ITC mandate to protect American innovators by blocking the import of infringing products,” Rosenberg said. “There are many ways Apple could stop infringing our technology without affecting the public interest.”. Apple and Qualcomm are locked in a wide-ranging legal dispute in which Apple has accused Qualcomm of unfair patent licensing practices. Qualcomm has in turn accused Apple of patent infringement. San Diego, California-based Qualcomm initiated an ITC case against Apple in July 2017, alleging that iPhones containing Intel chips infringed six patents describing technology that helps smartphones perform well without draining the battery.
Qualcomm did not allege that Intel chips violate its patents, but claimed that the way Apple implemented them in the iPhone does, In a blog post on Friday after the ITC decision, Intel’s general counsel, Steven Rodgers, said Qualcomm had “publicly disparaged Intel’s products” as inferior to Qualcomm’s during the case, “It is easy to say things, but Intel’s track record is clear,” Rodgers wrote in his post, “Every day, we push the boundaries ferragamo cufflinks bloomingdales of computing and communication technologies, And, the proof is in the pudding: last year, the U.S, Patent Office awarded more patents to Intel than to Qualcomm.”..
(Reuters) - Facebook Inc (FB.O) said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company’s reputation. Facebook, which has more than 2.2 billion monthly users, said it has yet to determine whether the attacker misused any accounts or stole private information. It also has not identified the attacker’s location or whether specific victims were targeted. Its initial review suggests the attack was broad in nature.
Chief Executive Mark Zuckerberg described the incident as “really serious” in a conference call with reporters, His account was affected along with that of Chief Operating Officer Sheryl Sandberg, a spokeswoman said, Shares in Facebook fell 2.6 percent on Friday, weighing on major Wall Street stock indexes, Facebook made headlines earlier this year after profile details from 87 million users was improperly accessed by political data firm Cambridge Analytica, The disclosure has prompted government ferragamo cufflinks bloomingdales inquiries into the company’s privacy practices across the world, and fueled a “#deleteFacebook” social movement among consumers..