Thursday☕️
Trending:
- Maui Wildfires
- Apple App Store Revenue Share
- Ecuadorian President Candidate Assassination
Markets:
- Yesterday's U.S. stock market:
- Yesterday's crypto market:
Maui Wildfires:
- Wildfires in Maui have resulted in six fatalities, with communities severely affected, leaving many structures destroyed. Mayor Richard Bissen Jr. highlighted ongoing search and rescue operations, with some residents, including two children, being rescued from the ocean.
- The fires, intensified by winds from Hurricane Dora, have led to massive evacuations and service disruptions, including power and communications. Efforts to combat the fires include water drops by helicopters, but containment remains a challenge. An emergency proclamation has been issued to discourage tourist visits to Maui.
Apple App Store Revenue Share:
- The U.S. Supreme Court has ruled that Apple can maintain its current app store payment guidelines. This allows Apple to continue charging a 30% tax on all revenue generated through the App Store.
- This decision rejects a request by Epic Games Inc. that would have permitted developers to direct users to alternative purchasing methods. Justice Elena Kagan decided against allowing a federal appeals court ruling to take effect.
- The Supreme Court upheld Apple's right to tax developers 30% for App Store earnings, overriding an appeals court's opposing decision. The 9th Circuit Court of Appeals had claimed Apple violated California’s Unfair Competition Law by restricting developers from guiding users to alternative payment methods, including Epic Games' own store.
- This issue is part of a larger conflict about Apple's taxation on developers. Apple had previously removed Fortnite from its store due to Epic's method to bypass the 30% tax on in-app purchases.
Ecuadorian President Candidate Assassination:
- Ecuadorian presidential candidate Fernando Villavicencio was killed as he departed from a political gathering in a school in Quito, just days before the election.
- His death comes amid heightened political and drug-related turbulence in the country. President Guillermo Lasso has officially confirmed the incident and vowed to ensure the perpetrators face justice.
Statistic:
- Top 20 companies by market cap:
- Apple 🇺🇸: $2.802T
- Microsoft 🇺🇸: $2.395T
- Saudi Aramco 🇸🇦: $2.138T
- Alphabet (Google) 🇺🇸: $1.650T
- Amazon 🇺🇸: $1.414T
- NVIDIA 🇺🇸: $1.051T
- Berkshire Hathaway 🇺🇸: $782.37B
- Meta Platforms 🇺🇸: $782.17B
- Tesla 🇺🇸: $767.62B
- Visa 🇺🇸: $502.15B
- Eli Lilly 🇺🇸: $499.53B
- TSMC 🇹🇼: $487.41B
- UnitedHealth 🇺🇸: $467.48B
- Johnson & Johnson 🇺🇸: $449.76B
- JPMorgan Chase 🇺🇸: $446.92B
- LVMH 🇫🇷: $443.84B
- Exxon Mobil 🇺🇸: $442.94B
- Walmart 🇺🇸: $433.30B
- Novo Nordisk 🇩🇰: $424.25B
- Tencent 🇨🇳: $409.97B
Article Links:
Nuclear Energy
The conception of nuclear energy can be traced back to the early 20th century. The groundwork for this revolutionary energy source was primarily laid by luminaries in the field of physics. Albert Einstein’s special theory of relativity, epitomized by the equation E=mc², hinted at the immense energy…
TIME IS MONEY
Data in the AI Boom
In the age of artificial intelligence (AI), data has become the new oil, powering a revolution that will transform every aspect of our lives. This article aims to provide an in-depth exploration of data, its value in AI, the complexities of data storage, and the future of AI and data.
TIME IS MONEY
Thanks for reading!
TIME IS MONEY: Your Free Daily Scoop of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.
The news you need, the time you want.
TIME IS MONEY
TIME IS MONEY: A Free Daily Email Newsletter of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.
TIME IS MONEY
Any article ideas? Email us!
Support/Suggestions Email: timeismoney@timeismon.com