Apple has agreed to pay $250 million to settle a shareholder lawsuit claiming it misled consumers about AI capabilities on iPhone 16 and some iPhone 15 models. The lawsuit arose because Apple delayed or did not deliver certain promised AI features, such as an upgraded Siri, leading to allegations of deceptive advertising. Eligible US buyers of these iPhones from June 2024 to March 2025 can claim compensation starting at $25 per device. Apple denies wrongdoing and says it plans to roll out additional AI features in future updates using Google's AI technology.
The Global X NASDAQ 100 Covered Call ETF (QYLD) offers monthly income by selling call options on the Nasdaq-100, generating steady distributions. However, this strategy caps upside gains, resulting in QYLD returning about half the five-year growth of...
Adams Diversified Equity Fund reported a 10.8% total return on net asset value (NAV) for the first half of 2026, outperforming the S&P 500's 10.2% and the Morningstar U.S. Large Blend category's 9.5%. The fund's market price return was even higher at...
Taiwan Semiconductor Manufacturing Co. (TSMC) announced an additional $100 billion investment in the US, raising its total US investment to $265 billion to meet rising AI chip demand. This expansion could add four new advanced facilities to its Arizo...
Apple's generative AI service, Apple Intelligence, has been approved by China's Cyberspace Administration for launch in the country. The approval follows deals to integrate Alibaba's Qwen AI model and collaboration with Baidu into Apple's operating s...
In 2026, Alphabet has delivered outstanding returns over one, three, and five years, contrasting with struggles faced by other hyperscalers. The semiconductor sector remains highly cyclical, impacting both business performance and stock prices. A com...
