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Qualcomm Tumbles as Inflation Shock Sparks Semiconductor Selloff

Software developer Rave on Thursday filed an antitrust lawsuit against Apple, alleging that the iPhone maker ‌kicked Rave's app for shared viewing of video content off the Apple ‌App Store after introducing a competing product called SharePlay. Ontario, Canada-based Rave is demanding reinstatement into the ​App Store and "hundreds of millions of dollars" in damages, according to the complaint filed in U.S. federal court in New Jersey. Apple did not immediately respond to a request for comment.

Apple has agreed to pay $250 million to settle a class action lawsuit for overpromising the arrival of Siri's AI features.

Justice ‌Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals ​that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.

Settlement tied to AI feature rollout concerns

U.S. buyers of the iPhone 15 Pro and iPhone 16 could receive up to $95 per device if a judge approves the deal

Apple agreed to a $250 million settlement

Apple on Tuesday settled for $250 million a shareholder lawsuit ‌brought after the company delayed artificial-intelligence upgrades to ‌its Siri voice assistant. The lawsuit, filed by Peter Landsheft in U.S. ​federal court in California in 2024, arose after the iPhone maker announced - and started running advertisements for - a bevy of AI upgrades at its annual software developer conference ‌in 2024, saying ⁠they would become available with new iPhones that fall. In 2025, Apple said that the AI overhaul of Siri would not come ​until this ​year, and executives have ​now confirmed that the ‌new Siri features will be unveiled at Apple's annual developer conference next month.

All three major US stock indexes were up in late-morning trading Tuesday, as oil prices slid despite

PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?

Markets have spent months betting that President Donald Trump’s second-term agenda would extend the rally that pushed the S&P 500 to repeated highs. Tax cuts, deregulation, and aggressive reshoring policies are all catnip for investors. Since Election Day, cyclical sectors like industrials, banks, and small-cap stocks have outpaced the broader market as traders priced in ... The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing

On Thursday, Apple Inc. said it is actively seeking refunds on tariffs it previously paid and plans to channel any recovered funds into additional U.S. innovation and advanced manufacturing investments. Apple Q2 Earnings Show Tariff Relief Helped Offset Rising Costs During Apple's fiscal second-quarter 2026 earnings call, CFO Kevan Parekh said product gross margin declined sequentially due to seasonal factors and rising memory costs, but lower tariff-related expenses helped support the company's