Apr 18, 2023
The Weekly Scan April 18, 2023
Find out what’s happening in the world of business this week
Welcome to the Weekly Scan. Here’s what we’re following for the week of April 18, 2023.
Apples to apples. Apple launched its savings account with a 4.15% annual percentage yield. The account has no minimum balance or deposit and is connected to their credit card, Apple Card. Rewards earned from Apple Card—called Daily Cash—will be automatically added to the savings account.
When reality TV is too real. Netflix’s attempt to move into live streaming was met with interruptions on Sunday when the platform tried to live stream the Love is Blind reunion show. Netflix initially said the episode might be delayed by 15 minutes; however, the platform later canceled the live stream and apologized, saying the show would be filmed and made available to stream later.
Investing made easy
Start today with any dollar amount
Game not over. Sega is reportedly purchasing Rovio Entertainment, the owner of the game Angry Birds in a $774 million deal. The board of Rovio, which is based in Finland, has backed the deal. Sega proposed acquiring the company for $10.15 per share, which is 19% higher than Rovio’s Friday closing price.
A ban in Montana. Montana’s House of Representatives passed a bill banning TikTok in the state due to concerns over privacy. If the law goes into effect, it would be illegal to download the video creation app and could end in $10,000 daily fines for companies like Apple and Google (that allow you to download the app). The bill is expected to face opposition from federal courts.