The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
The site, launched quietly on Wednesday, is another response to Spotify and Democratic presidential candidate Elizabeth Warren, which have each accused Apple of favoring its own apps over third-party apps.
Apple recently lost a Supreme Court case involving competition on the App Store. One subsection on the page is titled "A store that welcomes competition." The page highlights apps that compete with Apple's built-in software and services, including Spotify.
App developers who make tools for controlling device addiction and family screen time recently said that they believed Apple was targeting its apps for removal from the store because they compete with Screen Time, a feature recently introduced to iPhones. Apple faces an EU antitrust complaint stemming from that episode.
Apple said in a statement at the time that the removals were related to privacy and security, and said the developers were misusing Apple software intended for other uses.
"All developers have the opportunity to have a rejection reviewed by the App Review Board. And the App Review team makes about 1,000 calls a week to developers to help them diagnose and resolve any issues that led to rejection — so they can get their app onto the App Store," Apple said on its website.
App developers have also complained about the 15%-30% fees Apple charges for payments processed through the App Store.
"Like any fair marketplace, developers decide what they want to charge from a set of price tiers. We only collect a commission from developers when a digital good or service is delivered through an app," Apple said on its website.
The site says 40% of apps are rejected per week through Apple's approval process that relies on human reviewers, mostly due to software bugs and privacy concerns.
The site also lists a series of apps available in the App Store that Apple says competes with its own apps like Music, Notes and FaceTime.
The page was posted in the week before Apple hosts thousands of developers for its annual conference in San Jose. Apple said that over the past year, developers have made $120 billion on Apple's platform.