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Apple, Google drop Fortnite from app stores over payments
NEW YORK (AP) ??" Apple and Google dropped the popular game Fortnite from their app stores after the game's developer introduced a direct payment plan that bypasses their platforms.Apple and Google both take a 30% cut from in-app revenue purchases in games, which has long been a sore spot with developers.
Fortnite is free, but users can pay for in game accoutrements like weapons and skins. Its developer, Epic Games, said in a blog post Thursday that it was introducing Epic Direct payments, a direct payment plan for Apple's iOS and Google Play. Epic said the system is... Read More
Trump's suggestion to eliminate payroll tax doesn't add up
WASHINGTON (AP) ??" President Donald Trump's push to cut Social Security payroll taxes for the rest of the year ??" and even arguing for a permanent cut ??" would do little to bolster the coronavirus-battered economy in the short term and could destabilize long-term funding for benefits that millions of Americans depend on.Trump this week said that he could eliminate the tax if he is reelected without undercutting the retirement program or greatly adding to the deficit, arguing that economic growth would offset the revenue losses.
"At the end of the year, the... Read More
Both sides play the blame game as virus relief talks stall
WASHINGTON (AP) ??" With talks on emergency coronavirus aid having stalled out, both sides played the blame game Thursday rather than make any serious moves to try to break their stalemate. Official Washington is emptying, national politics is consuming the airwaves and the chasm between the warring sides appears too great for now.House Speaker Nancy Pelosi pressed the case for funding for the U.S. Postal Service, rental assistance, food aid and rapid testing for the virus at her weekly press event, blasting Republicans as not giving a damn and declaring flatly that "people will... Read More
PG&E tells regulators upcoming outages will go more smoothly
SAN RAMON, Calif. (AP) ??" Pacific Gas and Electric promised regulators Thursday that it has learned from its mishandling of deliberate blackouts and won't disrupt as many people's lives during the pandemic this year, when the utility expects to rely on outages to prevent its outdated grid from starting deadly fires.The contrite pledge came during a virtual hearing before the Public Utilities Commission, PG&E's chief regulator.
The commission is still in the midst of a nine-month investigation into the utility's bungled blackouts that infuriated more than 2 million... Read More
Ex-Fed Chair Yellen advises Biden on virus economic fallout
WILMINGTON, Del. (AP) ??" Former Federal Reserve Chair Janet Yellen was among a team of advisers who briefed Joe Biden on Thursday about the economic fallout from the coronavirus.The presumptive Democratic presidential nominee and his newly chosen running mate, California Sen. Kamala Harris, participated in the briefing from separate, socially distanced tables at a hotel in Wilmington, Delaware. In a brief appearance with reporters, Biden didn't offer details on the briefing.
Yellen's participation was notable because Fed officials typically avoid overt partisan... Read More
Top Stories in Business/Finance
- Apple, Google drop Fortnite from app stores over payments
- Trump's suggestion to eliminate payroll tax doesn't add up
- Both sides play the blame game as virus relief talks stall
- PG&E tells regulators upcoming outages will go more smoothly
- Ex-Fed Chair Yellen advises Biden on virus economic fallout
- Mazda-Toyota boosts investment in Alabama plant by $830M
- Wall Street falls just short of record for S&P 500, again
- $205M in BP spill money for Louisiana coastal restoration
- Attacks, pandemic a 'gut punch' for famed Chicago district
- US long-term mortgage rates rise; 30-year at 2.96%
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