WASHINGTON — The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.
Apple plans to argue that it faces stiff competition in the video games market and that gamers would suffer should Fortnite developer Epic Games succeed in its legal battle to overturn Apple’s App Store policies, according to court documents the company filed Thursday, reiterating accusations that the lawsuit is part of a carefully curated PR campaign to revive interest in Fortnite.
A rebound in growth and technology stocks has investors gauging whether a months-long rally in the shares of banks, energy companies and other economically sensitive names is running on empty or simply refueling.
For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital.
The products of Chinese companies like Huawei and ZTE are used widely in America. But under Chinese law, “these companies basically have to fork over any information or data that the Communist Party might be seeking,” says Brendan Carr, a Commissioner of the Federal Communications Commission (FCC).
