Retail company Kroger suffers from higher costs and theft despite high sales
- On September 10, Kroger announced that the company had seen many favorable trends in their fiscal second quarter as shoppers are buying more groceries
- Despite a strong fiscal second quarter, Kroger investors have expressed their concern about the supermarket operator’s margins as they deal with inflation, theft, and other supply chain costs
General Motors cuts production for 200,000 vehicles in second half of 2021
- According to General Motors, the company expects to cut production for about 200,000 vehicles in North America during the second half of the year
- The production cut is 2 times the 100,000 units that were originally expected to be cut when GM reported its second-quarter earnings in August
Epic Games case ruling shows Apple cannot force developers to use in-app purchasing
- On Friday, September 10, Federal Judge Yvonne Gonzalez Rogers ruled that Apple will no longer be allowed to restrict developers from having their own in-app purchasing
- Before this ruling, Apple took a 15% to 30% cut of gross sales made by app developers
