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A federal judge in California ruled on Wednesday that Apple Inc AAPL.O violated a U.S. court order requiring it to allow greater competition in app downloads and payment methods in its lucrative App Store. The judge also referred the case to federal prosecutors. In her ruling, Judge Rogers said Apple had not complied with her previous injunction, which was imposed in an antitrust lawsuit filed by Fortnite developer Epic Games. "Apples continued attempts to interfere with competition will not be tolerated," Rogers said. "This is an injunction, not a negotiation. Once a party willfully ignores a court order, there is no chance to start over."Teslas head of battery architecture Vineet Mehta is leaving. This is another high-level change in Teslas battery team after Drew Baglino, head of batteries and powertrain, left in April last year. People familiar with the matter revealed that Mehta had widely informed team members of the decision on Tuesday, but it is not clear when he will leave and what his future career plans will be. Since joining Tesla in 2007, Mehta has focused on battery technology innovation for 17 years and has made important contributions to the companys research and development of electric vehicle batteries.The U.S. Senate on Wednesday rejected the latest proposal to overturn a series of Trumps tariffs, hours after government data showed the economy shrank for the first time in three years amid a chaotic tariff plan. The measure aimed at blocking Trumps tariffs failed in a 49-49 vote, with three Republicans who broke with Trump voting in favor.The U.S. Senate narrowly rejected a bipartisan bill to block Trumps tariffs.Ford Motor Co. (FN) ended a plan to develop a next-generation electrical architecture, the brains of modern vehicles, that Ford executives had called critical to competing with electric vehicle pioneers such as Tesla Inc., three people familiar with the matter told Reuters. Ford invested heavily in the system, known internally as FNV4 (Fully Connected Vehicle), to simplify vehicle software functions. The goal was to cut costs, improve quality and add profitable features to electric and gasoline-powered cars. The project was abandoned because of ballooning costs and delays, the sources said. A Ford spokesman said the company will apply lessons learned from developing FNV4 to existing software systems and will continue to focus on delivering advanced electrical architectures with its "skunkworks" team.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.