Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%
Wall Street ends down after jobless claims hit 18-month low
Sept 9 - Wall Street ended lower on Thursday after weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery, but also stoking worries the Fed could move sooner than expected to scale back its accommodative policies.The Labor Department said initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, the lowest level since mid-March 2020. That suggested that job growth could be hindered by labo
Tesla's Musk asks staff to 'go super hardcore' to ensure decent Q3 delivery number
SAN FRANCISCO, Sept 9 - Tesla Chief Executive Elon Musk has asked employees to "go super hardcore" to make up for production challenges early in the third quarter and "ensure a decent Q3 delivery number," according to an internal email seen by Reuters."The end of quarter delivery wave is unusually high this time, as we suffered from extremely severe parts shortages earlier this quarter," he said in the email sent on Wednesday.He said Tesla built "a lot of cars with missing parts that needed to