KSFO Business News

Apex Legends developer apologizes for controversial loot boxes

Apex Legends, a rival of video game Fortnite, may be free to play, but the game angered fans this week over its new pricing for limited edition virtual items. The game’s developer, Respawn, owned by Electronic Arts, apologized Friday for the new in-game “loot boxes,” or a random selection of virtual rewards available to players…MORE

White House suspends reporter Brian Karem’s hard pass

It’s official: In a letter to Playboy correspondent and CNN political analyst Brian Karem’s lawyer on Friday, White House press secretary Stephanie Grisham said she had “made a final determination” to suspend Karem’s hard pass for 30 days. The move will be “effective immediately” through Saturday, September 14, 2019. This was, of course, expected. The…MORE

It was a wild week on Wall Street

It was far from the dog days of summer on Wall Street this past week. Investors went on a roller coaster ride after the markets reacted to both good and bad news. Monday, August 12 The wild ride begins Monday after the Dow closes nearly 400 points lower, or 1.5%. The S&P 500 and Nasdaq…MORE

Another reason to get your holiday shopping done early this year: Tariffs

President Trump doesn’t want to be the Grinch who stole Christmas for American consumers. That’s a major reason why the White House decided this week to push off the implementation of new tariffs on a variety of Chinese goods until mid-December. Trump admitted as much on Tuesday, telling reporters that “we’re doing this for the…MORE

The week that Cathay Pacific surrendered to China

One of the world’s top airlines has discovered just how dangerous Hong Kong’s pro-democracy protests are becoming for companies based in the city and doing business with mainland China. The stunning resignations late Friday of Cathay Pacific’s CEO and chief commercial officer came at the end of a tumultuous couple of weeks for the airline.…MORE

Kroger is now selling vegan eggs

The plant-based trend is about more than burgers: Plant-based eggs are coming to Kroger. The major grocery chain is already stocking Just Egg, made with mung beans, in some of its locations. Over the coming weeks, the product will be offered in about 2,100 Kroger-owned stores, including Kroger, Ralphs and Fred Meyer. Customers will be…MORE

Madoff whistleblower says GE is ‘one recession away from Chapter 11’

Harry Markopolos, the accounting investigator who accused General Electric of massive fraud on Thursday, is warning that the company could be in serious financial trouble — and even go bankrupt — if the economy turns south. “GE is one recession away from Chapter 11. Their balance sheet is in tatters,” Markopolos told Julia Chatterley on…MORE