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Apple agrees to $250 million settlement over AI Siri claims
Apple is stepping up to the plate with a $250 million settlement after facing accusations of misleading customers about Siri's artificial intelligence functionalities. The lawsuit posited that millions of iPhone owners were unaware of the limitations of the advertised features.
XRP hits $3 again — Why is XRP surging today and is $5 next?
XRP is making waves in the crypto market today, reclaiming the $3 mark and drawing investor attention with a powerful combination of technical momentum, Federal Reserve rate cut expectations, and institutional adoption through Ripple’s expanding banking partnerships. If current momentum holds, XRP could see a near-term rally of 21–55%, with longer-term potential to reach even higher levels in 2025.
Is Target in trouble? TGT stock falls after CEO Brian Cornell steps down amid sales struggles, COO Michael Fiddelke takes charge
TGT stock today: Target's CEO Brian Cornell will resign on February 1st amidst declining sales and operational challenges. COO Michael Fiddelke will succeed him, focusing on merchandising, store experience, and technology investments to revitalize the retailer. Target reported a 21% drop in net income, with shares plummeting, reflecting concerns over store traffic and customer loyalty.
After divorce from Ben Affleck, Jennifer Lopez is ready to date again; sources say she’s interested in meeting someone within entertainment
Jennifer Lopez is embracing her independence following her divorce from Ben Affleck. With her career soaring and awards season in full swing, she's ready to get back into the dating game.
Winners of The ET Startup Awards 2024 to be feted today, and other top stories this week
It’s D-day! Top entrepreneurs, policymakers, and investors will come together in Bengaluru today to honour the stars of Indian entrepreneurship at the tenth edition of The Economic Times Startup Awards (ETSA) 2024.
Byju’s-BCCI settlement done; Delhivery back in black
The appellate tribunal’s nod for Byju’s settlement with the BCCI will help the embattled edtech firm stave off insolvency proceedings for now. Details of this and more in today’s ETtech Top 5.
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Why iPhone is no more the Apple of China's eyes
iPhone's China shipments have been declining for three straight months, as per a report by Bloomberg, with February sales down a staggering 33% compared to last year. This follows a 39% drop in January and a 30% decline in December. According to the report, some analysts predict this downward trend will continue throughout 2024, deepening the 24% decline Apple experienced in 2023.
Apple to pay iPhone 7 users who faced ‘loop disease’ audio issues
Apple has reached an agreement to settle a US class action lawsuit, in which the company will be paying $35 million to iPhone 7 and iPhone 7 Plus users, who were prone to audio issues due to a defective chip in the devices.
Why is Apple paying US iPhone users? All about it
The owners of certain iPhone devices are being paid by Apple in the US, because of claims that the Apple handsets have slowed down. Here's everything to know more.
ETtech Explainer: Why Google agreed to pay $700 million to settle US antitrust lawsuit
The attorneys general of states said Google’s policies artificially drove up prices for digital transactions within apps downloaded from the Play Store, which caters to Android smartphone users.
Apple plans rescue for $17 billion watch business in face of ban
Engineers at the company are racing to make changes to algorithms on the device that measure a user’s blood oxygen level — a feature that Masimo Corp. has argued infringes its patents. They’re adjusting how the technology determines oxygen saturation and presents the data to customers, according to people familiar with the work.
China rushes to swap Western tech with domestic options as US cracks down
China is increasing its spending on domestic technology to replace Western-made products as the US tightens restrictions on high-tech exports. China has been focusing on replacing computer equipment, and the telecom and financial sectors are likely to be the next targets.
Learn With ETMarkets: Options Demystified 101 - Power of options
Options trading is a fascinating and versatile tool for hedging against risk, generating income, and speculating on future stock price movements. Options act as contracts that grant the right, but not the obligation, to buy or sell an asset at a specific price within a certain time frame. Options provide leverage and flexibility and are actively traded on exchanges. However, it is crucial to have a thorough understanding of the dynamics of options trading to avoid falling into an option trap. Inexperienced traders need to approach options trading with caution and care.
Govt asks RBI for list of legal lending apps; interview with Zomato cofounder Mohit Gupta
Twitter agreed in June to pay $7 million to settle a compensation dispute with the whistleblower whose allegations will be part of Elon Musk's case against the company, Reuters reported on Friday, citing a source.
US lawmakers call for sanctions against Israel's NSO, other spyware firms
Their letter sent late Tuesday also asks for sanctions on top executives at NSO, the United Arab Emirates cybersecurity company DarkMatter, and European online bulk surveillance companies Nexa Technologies and Trovicor.
Qualcomm sees up to $4.7 billion payment from Apple deal
Qualcomm made the disclosure in its earnings report on Wednesday, while Apple declined to answer questions about the settlement.
Thirteen ways of looking at BlackBerry 10
BB 10 is a nice device, of course. What if it clicks after all? Will the business model of the Waterloo, Ontario, firm look different? ET examines the product.
Google prime target for regulators
Google commanded 72.4% of the US Internet search market in March as compared to the 5.5% held by third-place Microsoft and 16.4% by Yahoo.
Ex-Apple top attorney settles with regulator
Former top attorney at Apple on Thursday agreed to pay $2.2 million to settle federal regulators’ charges that she altered company records to conceal improper backdating of stock options for senior executives.
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