Tim Cook Source: Apple Apple‘s App Store revenue is made up almost entirely of users playing games, according to a court ruling released Friday that concluded Epic Games failed to prove Apple is a monopolist. According to the ruling, gaming apps account for approximately 70% of all App Store revenue. […]
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Dodgers pitcher Trevor Bauer out for rest of 2021 season as sex assault probe continues
Trevor Bauer #27 of the Los Angeles Dodgers returns to the dugout after the top of the first inning against the San Francisco Giants at Dodger Stadium on June 28, 2021 in Los Angeles, California. Meg Oliphant | Getty Images Trevor Bauer, the high-priced Los Angeles Dodgers pitcher, will miss […]
Friday’s sell-off worsens with the Dow down more than 200 points into the close
The Dow Jones Industrial Average declined for a fifth straight day Friday as economic uncertainty loomed. The blue-chip index shed about 200 points, erasing a more than 200-point intraday rally shortly after the market opened. The S&P 500 dipped 0.6% and the Nasdaq Composite retreated 0.7%. Apple was the biggest […]
Democrats may rein in big estates without reforming the estate tax
Drew Angerer | Getty Images News | Getty Images Democrats may scuttle tactics used by the rich to pass wealth to heirs with little to no tax, part of a broader plan to raise money for an expansion of the U.S. safety net. Specifically, the party is considering disallowing some […]
Paint is getting costlier and harder to find, and this could be just the beginning
A customer pushes a shopping cart past paint samples inside a Home Depot Inc. store in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Home improvement is getting even more aggravating as a lack of supplies and higher prices are making life more difficult for do-it-yourselfers. Take paint, for […]
San Francisco, irrigation districts sue California over drought-related water restrictions
Water flows in an irrigation ditch next to a farm in Modesto, California. Mario Tama | Getty Images San Francisco and a group of Central Valley irrigation districts are suing the state of California for implementing drought restrictions that have blocked thousands of landowners and agricultural suppliers from removing water […]
‘Dear Evan Hansen’ adaptation is ‘a total misfire,’ ‘one of the worst movie-musicals ever made,’ critics say
On Broadway, “Dear Evan Hansen” was a smash hit. On the big screen, it’s poised to be a flop. The latest Hollywood musical adaptation debuted at the Toronto International Film Festival on Thursday ahead of its Sept. 24 release. While the stage musical was lauded, earning six Tony Awards in […]
Some retirement savers may claim an extra write-off at tax time
Getty Images Many Americans know the benefit of retirement savings, yet few realize there’s a special incentive to set aside money for their golden years: the saver’s credit. The saver’s credit, formerly known as the retirement savings contributions credit, offers low- and moderate-income filers a write-off at tax time. Currently, […]
IPOs are still headed for a record year after summer slump, investor says
The final months of 2021 could tip the initial public offering market into record territory. Though new listings slowed over the summer, excitement is building for an end-of-year rush that could see Warby Parker, Brooks Brothers parent Authentic Brands and Allbirds hit the public markets, Renaissance Capital’s Kathleen Smith told […]
S&P 500 is mostly flat after four-straight losing days
The S&P 500 was mostly flat Friday following four-straight losing days as economic uncertainty loomed. The major index traded near the flatline. The Nasdaq Composite was also little changed. The Dow Jones Industrial Average rallied more than 200 points shortly after the market opened, before trading about 50 points in […]