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 hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

13 hours ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

16 hours ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

4 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker