Apple Inc.Federal court jury ruled Apple must pay over $5.7 billion to Taction Technology for infringing two patents.
Asian stock markets opened lower this morning amid concerns that rising oil prices, driven by tensions between the United States and Iran, will add to inflation pressure and keep interest rates elevated. Japan's Nikkei index opened down 0.5% at 65,557.99 points, and South Korea's composite index opened down 0.7% at 6,844.41 points. Meanwhile, gold prices fell more than 3%, dropping below the $4,200 level to hit their lowest in more than seven weeks. COMEX December gold futures fell $152.80, or 3.54%, to close at $4,168.40 an ounce. The yield on 10-year U.S. Treasury bonds jumped past 5.2% to 5.261%, while the 30-year yield stood at 5.571%. President Donald Trump said the White House is still considering a ban on diesel exports. Separately, Reuters reported, citing sources, that Qatari mediators may hold separate talks with Iranian Foreign Minister Abbas Araghchi in New York and with the U.S. side on Monday or Tuesday. In addition, a federal court jury ruled that Apple must pay more than $5.7 billion, or more than 191 billion baht, to Taction Technology Inc for infringing two of the company's patents.
Apple Inc.Federal court jury ruled Apple must pay over $5.7 billion to Taction Technology for infringing two patents.
10-year Treasury yield jumped past 5.2% to 5.261% amid oil-driven inflation and elevated-rate concerns.
30-year Treasury yield stood at 5.571% as rising oil prices fuel inflation pressure and keep rates elevated.
Jury ruled Apple must pay Taction Technology more than $5.7 billion for infringing two of its patents.