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A Eulogy for iTunes

Dearly beloved,We are gathered here today to say goodbye to our friend iTunes, who went to the great trash can in the sky on Monday.It was a gentle, dignified passing. ITunes was surrounded by family and friends at Apple’s annual developer conference when Apple executives announced that it would be dismantled, and its features would be split among three apps: Apple Music, Apple Podcasts and Apple TV.ITunes entered this world 18 years ago as a “digital jukebox” that let users import their favorite CDs, organize their libraries and burn custom mixes. It then became a music store of its own — a magical, one-click emporium where 99…

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House panel threatens contempt of Congress vote against Barr, Ross

FILE PHOTO - U.S. Attorney General William Barr leaves after a meeting with Attorney Generals of Northern Triangle of Central America in San Salvador, El Salvador May 16, 2019. REUTERS/Jose CabezasWASHINGTON (Reuters) - The top U.S. law enforcement officer and the Commerce secretary will face a contempt of Congress vote unless they hand over documents by Thursday on efforts to put a citizenship question on the 2020 Census, the chairman of a House of Representatives panel warned on Monday. Representative Elijah Cummings, chairman of the House Oversight and Reform Committee, sent letters to Attorney General William Barr and Commerce Secretary Wilbur Ross warning them they had until…

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On YouTube’s Digital Playground, an Open Gate for Pedophiles

Christiane C. didn’t think anything of it when her 10-year-old daughter and a friend uploaded a video of themselves playing in a backyard pool.“The video is innocent, it’s not a big deal,” said Christiane, who lives in a Rio de Janeiro suburb.A few days later, her daughter shared exciting news: The video had thousands of views. Before long, it had ticked up to 400,000 — a staggering number for a video of a child in a two-piece bathing suit with her friend.“I saw the video again and I got scared by the number of views,” Christiane said.She had reason to be.YouTube’s automated recommendation system — which drives…

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Donald Trump lavished with royal pomp and pageantry on state visit to UK

LONDON (Reuters) - Donald Trump and Queen Elizabeth hailed the bonds between the United States and the United Kingdom on Monday after the U.S. president was feted with a day of pomp designed to bolster an alliance strained by discord over Brexit and China. Trump’s interventions into Britain’s political crisis over Brexit had threatened to overshadow his state visit to London but instead the president appeared to relish the royal red carpet that his hosts laid on for him and wife Melania. The three-day trip was cast as a chance to celebrate Britain’s “special relationship” with the United States, boost trade links in a post-Brexit world and…

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Nasdaq confirms correction as Facebook, Alphabet, Amazon drag

New York (Reuters) - The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators. While the sell-off in the internet heavyweights was the biggest drag on the Nasdaq, the index has been falling steadily since its May 3 record closing high as investors worried about slowing global growth amid an escalating U.S.-China trade war. The S&P 500 had a volatile session and ended the day down 0.3 percent, but the Dow Jones Industrial Average ended the session virtually unchanged. “The slump has been concurrent with fears…

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Nasdaq confirms correction, bond yields fall further

NEW YORK (Reuters) - The Nasdaq confirmed it was in a correction on Monday as stocks extended their recent sell-off, and the continued flight to safe-haven assets pushed 10-year U.S. Treasury yields to their lowest since September 2017. The Nasdaq ended the session more than 10% lower than its May 3 closing record, falling 1.6% on the day after regulatory fears sent shares of internet giants Alphabet Inc, Facebook Inc and Amazon.com Inc sharply lower. But driving the recent fall in stocks and bond yields has been deepening trade conflicts between the United States and its partners. The Nasdaq has been falling since its May 3 record…

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UK’s May reminds Trump of transatlantic ties with Churchill-era gift

LONDON (Reuters) - Prime Minister Theresa May will present U.S. President Donald Trump with a reminder of close Anglo-American ties on Tuesday, marking his state visit to Britain with a copy of a 1941 charter that helped define the post-World War Two global order. After a day of royal pageantry on Monday, the trip turns to the political relationship between Britain and its closest ally as May hosts Trump at her Downing Street residence seeking to affirm the so-called “special relationship” in light of Brexit. May will mark the occasion with a gift: A framed reproduction of the Atlantic Charter which hung on wartime prime minister Winston…

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Let’s deepen economic ties, Britain’s May tells Trump

Britain's Prime Minister Theresa May leaves at church, as Brexit turmoil continues, near High Wycombe, Britain June 2, 2019. REUTERS/Simon DawsonLONDON (Reuters) - British Prime Minister Theresa May will call on U.S. President Donald Trump to deepen transatlantic economic cooperation on Tuesday, saying a bilateral trade deal could make their partnership “greater still”. Despite hosting Trump in the dying days of her premiership after her failure to deliver Brexit on time forced her to resign, May will also distance herself from the U.S. leader on trade by championing “free, fair and open” markets. At a meeting with 10 British and U.S. businesses at St James’ Palace, the…

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Alphabet shares slide 6% on possible DoJ antitrust probe

(Reuters) - Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition. FILE PHOTO: A sign is pictured outs a Google offcie near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave PareshThe potential investigation represents the latest attack on a tech company by the Trump administration, which has accused social media companies and Google of suppressing conservative voices on their platforms online. Alphabet’s market capitalization was reduced by $54 billion as its shares recorded their biggest drop outside earnings since April 2011. Facebook Inc closed 7.5% down, while Amazon.com Inc fell about…

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Elizabeth Warren Sticks Her Message in Big Tech’s Face

SAN FRANCISCO — A threat of government regulation is casting a shadow over the tech industry. Now there is a billboard to remind tech workers about it on their commutes.In all capital letters, on a black background, the sign reads: “Break Up Big Tech.”The billboard, paid for by Senator Elizabeth Warren’s presidential campaign, greets commuters as they walk toward the city’s main Caltrain station, the transit hub that connects San Francisco to the big tech firms in Silicon Valley. The train stops in Menlo Park (home to Facebook), Mountain View (home to Google) and Sunnyvale (near Apple’s headquarters).The appetite among politicians and regulators to break up tech…

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