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.
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
Apple's stock has risen 20% since late June, nearing an all-time high, making it the standout among the top S&P 500 stocks. Investors and options traders are optimistic ahead of Apple's earnings report, expecting a significant move, with options impl...
The top holdings of the QQQ fund, mainly big tech companies, are engaged in an AI-driven arms race characterized by increasing capital expenditures and negative free cash flow. These companies are competing in commoditized cloud services, while chipm...
Apple has postponed the launch of its first smart glasses to late 2027, pushing the unveiling to June 2027 at the Worldwide Developers Conference. The delay allows Apple to enhance the product and focus on privacy features, responding to concerns rai...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
