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.
In June 2026, the tech sector attracted over $13 billion in investor inflows even though it declined by 3.3% that month. This indicates strong investor confidence in the sector's long-term growth potential, driven by trends like AI development. The S...
Apple has resumed allowing users in India to pay for Apple Account subscriptions and App Store purchases using eligible Visa and Mastercard credit and debit cards, more than four years after suspending the option due to regulatory changes. This phase...
Broadcom has extended its chip supply agreement with Apple through 2031, continuing to develop custom ASIC chips for multiple generations of Apple products. This long-term partnership, which accounts for about 20% of Broadcom's revenue, includes conn...
The Vanguard S&P 500 Value ETF (VOOV) maintains a buy rating due to its attractive valuation and strong technical indicators. Trading just under 19 times earnings, it offers a 1.5-point price-to-earnings discount compared to the S&P 500, supported by...
The Dow Jones Industrial Average closed at a record 52,900.07 after June payrolls missed expectations, signaling a cooling labor market. This weaker jobs report eased fears of further Federal Reserve rate hikes, boosting investor confidence and drivi...
