Money

Tech firms court battle could turn ‘epically’ rotten

Published

5 years ago

May 4, 2021

Apple takes Epic Games to court over App Store spat

It’s no secret that Fortnite is a popular video game, with over six million downloads. And there is no hiding the influence that big tech company Apple maintains.

However today, video game developer EPIC games will finally have a chance to plead their case as Apple is taken to court over alleged antitrust practices within the App store.

A reminder on #FreeFortnite:

Apple and Epic Games will head to court tomorrow, May 3rd, to discuss if the App Store and its in-app purchase policies violate antitrust law. pic.twitter.com/tAvE47TgXY
— Fortnite News (@Guille_GAG) May 2, 2021

Seeking to shed some light on whether the “monopolistic practices” of the Apple store establish an anti-competitive environment. The studio behind Fortnite is alleging that the current policies are unfair with Apple currently taking a 30% cut of every in-app purchase made within applications available in their online Store.

Epic games made use of an in-game currency known as V BUCKS, circumventing this 30% rule resulting in the removal of Fortnite from Apple’s online store.

One of the arguments that differentiate Apple from other Big game companies is whether users on iPhone and Ipad devices should have alternate payment options for nondedicated gaming hardware. – a blurry line that will no doubt be questioned thoroughly over the course of this case.

Tomorrow the Epic Games, Inc. v. Apple Inc. trial will commence at 8:30 AM PT in the courtroom of judge Yvonne Gonzalez Rogers in Oakland.

There will be a live audio feed of all the proceedings.
— Geoff Keighley (@geoffkeighley) May 2, 2021

The outcome of this case is set to shake up the App store as we know it if Epic games were to win. With over six million downloads there’s no doubt that the Fortnite IP is a valuable one that would add to Apple’s online offering at the right price.

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

2 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

3 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

4 days ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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