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Business News – 09-10-2021

K Buenavista — Thu, 04 Nov 2021 18:48:02 +0000

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

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

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

K Buenavista — Fri, 25 Jun 2021 15:47:22 +0000

Today (Wednesday), President Joe Biden has announced his new anti-crime efforts
Biden’s plan is mainly addressing gun violence and to provide more funding to those cities who are in need of more police
Biden will have a “zero tolerance” policy (different from Trump’s) which will give no flexibility to gun dealers who do not comply with federal laws concerning the selling of firearms

Today (Wednesday) A House panel was led with legislation that has the potential to take market power for from the “tech giants” such as Apple, Facebook, Amazon, and Google
This new legislation could force the companies to disconnect their platforms from other lines of their business
This is meant to allow breathing space for new innovators in many areas of the tech industry

K Buenavista — Wed, 12 May 2021 16:52:42 +0000

Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter, beating Wall Street estimates
It also came in line with earnings estimates
Palantir said it expects to bring in $360 million in revenue in its second quarter compared with the $344.3 million expected in a Definitive survey of analysts
In its fourth-quarter report, the company said average revenue for 2020 came to $7.9 million and the average revenue for its top 20 customers hit $36.1 million

Flu vaccinations reduce the risk of illness from influenza viruses by between 40% and 60%, according to the CDC
Influenza viruses are always changing, making it tricky to find the right vaccine formula since a strain that was common in a previous season may not be as prevalent in the next
Scientists have to constantly monitor strains and select which ones will be included in the flu vaccine each year

Apple said it rejected almost 1 million apps that were submitted to its App Store for the first time in 2020
It is the latest sign that Apple is becoming more transparent about how it approves and rejects iPhone apps
The disclosure comes as Epic Games’ antitrust trial against Apple has focused on App Store’s failures
Apple argues that by having a system where the company approves each of the 1.8 million apps on the store and their updates, checking the apps against a lengthy list of App Store rules, it can keep iPhone users safe from scams, malware, and poor-quality user experiences

Job openings surged to a record high in March, with more than 8 million postings
Hiring saw a much smaller increase, indicating a continued problem with matching workers to open positions
As “help wanted” jumped from February by 597,000, or 8%, to 8.12 million, hires rose just 215,000, or 3.7%, to slightly more than 6 million