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Fortnite players 'tricked' into unwanted purchases are starting to get refunds. Here's how to apply

U.S. consumers who were “tricked” into purchases they didn't want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in 2022, Epic agreed to pay a total of $520 million to settle complaints revolving around children’s privacy and payment methods on its popular Fortnite game. The FTC also accused Epic of blocking some users who disputed the charges from accessing the content they purchased.

Associated Press Finance 1 hour ago

Apple Shares Are on a Tear Despite Sluggish Growth, Tariff Risks

(Bloomberg) -- Apple Inc. has the slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump’s second term. None of that is holding back the stock.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Re

Alphabet Climbs Following Breakthrough With Willow Quantum Chip

(Bloomberg) -- Alphabet Inc. shares jumped the most since October as analysts applauded the Google parent’s announcement Monday of a major development in quantum computing through the use of its Willow quantum chip.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busi

TeamViewer to Acquire Carlyle-Backed 1E for $720 Million

(Bloomberg) -- TeamViewer SE, a maker of remote-working software, agreed to buy 1E from Carlyle Group Inc. for $720 million. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpThe acquisition — TeamViewer’s big

Amazon Tests 15-Minute Delivery in India, Ramping Up Competition

(Bloomberg) -- Amazon.com Inc. will begin testing a rapid delivery service in India this month, marking the company’s determination to compete with top players in the country’s fledgling quick-commerce business.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business

Talabat Drops in Dubai Debut After Gulf’s Biggest 2024 IPO

(Bloomberg) -- Talabat Holding Plc’s shares lost ground after the food delivery firm’s $2 billion initial public offering in Dubai, adding to a slate of recent disappointing debuts for listings in the Middle East.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busine

ServiceTitan seeks up to $5.95 billion valuation in its US IPO

The company said it would still sell 8.8 million shares but at a raised price range of $65 to $67 each, which would fetch it up to $589.6 million, compared with the $502 million it would have raised at the higher end of the earlier price band. Glendale, California-based ServiceTitan will join a handful of venture capital-backed firms, including social media platform Reddit and cybersecurity software firm Rubrik, which have all gone public this year. Founded by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has become a dominant player in a niche market.

Elon Musk Meeting Propels Shares of Hungarian Telecom Firm 4iG

(Bloomberg) -- Shares of 4iG Nyrt., a Hungarian telecommunications company, surged to the highest in more than two years after its chairman got to present the company’s plans to billionaire Elon Musk.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders We

Morning Bid: Dollar reasserts strength, China fillip fades

Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China's markets giving only a hesitant welcome to Beijing's new policy orientation. As Treasury debt sales resume in earnest later on Tuesday and Wednesday's consumer price inflation report is awaited, 10-year yields have nudged back above 4.2%. The greenback hit its highest against the Canadian dollar since April 2020, as traders mull whether the Bank of Canada will cut its main interest rate by another 50bps on Wednesday - not least as U.S. President-elect Donald Trump's tariff threats hit sentiment there.

Topcon Gets Buyout Bids From KKR, EQT as Japan M&A Heats Up

(Bloomberg) -- Topcon Corp. is weighing takeover bids from suitors including KKR & Co. and EQT AB, the latest sign of escalating buyout activity in Japan.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpThe T

TSMC Revenue Jumps 34% in November in Sign of AI Demand

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that data center building will slow.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Offi