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Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities. The company has been scrambling to keep up with tech rivals amid the AI boom but still hasn't delivered on the Siri revamp two years later. The lawsuit, filed on behalf of U.S. consumers in the San Francisco federal court for the Northern District of California, alleged that Apple deceived consumers with a marketing campaign that promoted features that did not yet exist and misled them into buying the devices.

He cited “great progress” in talks with Iran. The International Monetary Fund published its 180-page World Economic Outlook three weeks ago. The differences between that and its now more likely “adverse” or “severe” scenarios aren’t small, and investors should take note as the Strait of Hormuz remains blocked.

Gold has done exactly what its defenders promised over the past year, and the numbers explain why allocators are revisiting the metal as a real portfolio building block. iShares Gold Trust (NYSEARCA:IAU) returned 42% in the twelve months through May 1, 2026, a stretch that overlapped with sticky core inflation, three Federal Reserve rate cuts, ... IAU Returned 42% in a Year of Sticky Inflation. Here’s Why Allocators Are Reconsidering Gold

Kevin Warsh wants to change how the Federal Reserve conducts monetary policy.

Earnings season marches on this week as investors will hear from big companies including Walt Disney, McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.

One big surprise coming out of last week’s unusual press conference by Fed Chairman Jay Powell was his decision to remain on the Federal Open Market Committee (FOMC) as a Governor after Kevin Warsh takes over this month. That sets up an interesting dynamic for the Fed going forward, writes Louis Navellier, founder and chairman of Navellier & Associates.

On Sunday, former White House AI and crypto czar David Sacks said artificial intelligence is rapidly becoming one of the most powerful drivers of the U.S. economy as Morgan Stanley raised its forecast for hyperscaler AI infrastructure spending. Morgan Stanley Projects Massive AI Capex Boom From Big Tech Morgan Stanley now expects Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corp. and Oracle Corp. to collectively spend about $805 billion in capital expenditures in 2026, up from

CPI Card Group (NASDAQ:PMTS) executives said the company got off to a “solid start” in 2026, reporting first-quarter revenue growth of 20% and reaffirming its full-year outlook as it continues integrating its Arroweye acquisition and investing in its technology and go-to-market initiatives. First-q

At this time, I'd like to turn the call over to Eugene Fedotoff, IPG's Senior Director, Investor Relations for introductions. Eugene Fedotoff: Thank you, and good morning, everyone. With me today is IPG Photonics CEO, Dr. Mark Gitin, and Senior Vice President and CFO, Tim Mammen.

American Eagle Outfitters and Lands’ End are among the first adopters as Amazon opens its logistics network to all businesses and intensifies competition with FedEx, UPS and DHL.

Conditions are not right for Bitcoin to mount a recovery above $100,000, according to Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz. "It’s not my prediction that we break [$100,000] this year," Novogratz said on Galaxy Digital’s Q1 earnings call on...

Americans who recently earned their bachelor’s degree have faced a challenging job market in recent years.

You wouldn’t expect a fund stuffed with European utilities, tobacco companies, and Canadian fertilizer to keep pace with the Nasdaq-100 in 2026, but here we are. Fidelity International High Dividend ETF (NYSEARCA:FIDI) is up about 8% year-to-date, edging out Invesco QQQ Trust (NASDAQ:QQQ) at roughly 8% as well. The lead is small, and the one-year ... This ETF Is Are Outpacing Tech Stocks While Paying High Dividends

Michael Lyons: Thank you, Walter, and good morning, everyone. While anticipation lending volumes in Argentina remain strong, lower inflation and interest rates in Argentina were a revenue headwind to Merchant in Q1.

IFA President Matt Haller writes that the American Franchise Act has bipartisan support and could protect 9 million jobs from disappearing.

A changing of the guard at the Fed could have significant implications for the stock market.

The stock market keeps climbing, even as investors wrestle with sticky inflation, elevated interest rates, and slowing earnings growth. The S&P 500 has returned over 26% over the past 12 months, driven largely by artificial intelligence enthusiasm and a small group of mega-cap technology stocks. But beneath the rally sits a number that deserves attention ... The Stock Market Flashed This Warning Only Once Before. What Comes Next Isn’t Pretty

<body><p>STORY: From Amazon's FedEx challenge to robotic bag handlers at airports... this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Amazon.com has moved into the business of UPS and FedEx with its so-called "Amazon Supply Chain Services".</p><p>The firm has given other businesses access to its supply chain network that has powered the e-commerce giant’s operation for decades.</p><p>The move could make it a key logistics player and intensify competition on pricing and speed.</p><p>It has already signed up Procter & Gamble, 3M and American Eagle Outfitters.&nbsp;</p><p>///</p><p>A Chinese robotics startup is seeking a $6 billion valuation in its next financing round.</p><p>Linkerbot is the global market leader in highly dexterous robotics hands for humanoids.</p><p>The firm said it focuses on the skills of top artisans, which its CEO calls 'dexterous craft'.&nbsp;</p><p>The hands can already turn screws fast, pick up soft items, thread a needle, and do precise factory work.</p><p>///</p><p>Japanese baggage handlers are due to be joined by robotic colleagues at Tokyo's Haneda Airport.</p><p>It's part of a two-year trial of the technology by Japan Airlines.</p><p>The humanoid robots aim to contribute to tasks like baggage handling and cleaning aircraft cabins.</p><p>Japan Airlines said in a statement about the initiative the aero sector faces the duel challenges of an aging and shrinking workforce, and a higher workload.</p><p>///&nbsp;</p><p>Scientists from Project CETI have built an underwater robot to listen in to sperm whale conversations.</p><p>The creatures click to communicate in bursts of sound that can travel huge distances.</p><p>David Gruber is project CEO and explained how the robot worked.</p><p>"So it essentially is like a fully autonomous vehicle, kind of like a Waymo car, that's making decisions and being able to stay, even though it moves quite slowly, stay with whales for long periods of time. It allows us to get these longer term data sets."&nbsp;</p><p>The system could potentially show how the whales react to human-made noise and activity and how it affects them.</p><p>///</p><p>And a humanoid robot called Sophia performed with a live orchestra in AI-themed concert in Hong Kong</p><p>"Even though I don't experience emotions the same way humans do, I want to simulate that connection as authentically as I can."</p><p>Sophia was first unveiled by the Hong Kong-based Hanson Robotics ten years ago and she's even sung on "The Tonight Show Starring Jimmy Fallon".</p><p>But this was the first time Sophia had appeared with a live orchestra.</p><p>She performed three songs overall.</p></body>

Elon Musk settles over Twitter stock disclosures, Palantir beats expectations, Trump’s tariff risks persist, and more news to start your day.

Things continue to look dicey for the U.S. economy and stock market.

Earnings season revs up the next few days as investors will hear from big companies including Advanced Micro Devices, CoreWeave, Pfizer and McDonald's. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.

The 30-year US Treasury yield exceeded 5%, nearing an 18-year high as the US-Iran war continues to fuel inflation fears.

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow,&nbsp;Tuesday, May 5, including earnings results from Advanced Micro Devices (AMD), Pfizer (PFE), and Anheuser-Busch Inbev (BUD); fresh labor data in the form of the latest Job Openings and Labor Turnover Survey (JOLTS) report; and commentary from Federal Reserve Vice Chair for Supervision Michelle Bowman and Governor Michael Barr.

Concerns about the Federal Reserve's independence and strategy is likely to result in investors loading up on silver again.

Big tech spending on artificial intelligence is set to soar past $1 trillion next year as companies race to secure their place in the queue of the world’s hottest technology. The upshot of all that spending, however, is a likely boost to inflation prospects, which are already rising from oil and energy prices tied to the U.S. war with Iran and the on again, off again nature of tariffs put in place by President Donald Trump. “There is a regime shift underway in technology goods inflation,” said Stifel research analyst Thomas Carroll, who notes that 2026 “marks the first time in 65 years that tech goods prices are rising faster than wages.”

Shares of FedEx (NYSE:FDX) are down 9% to roughly $359 in midday trading Monday, while United Parcel Service (NYSE:UPS) stock is down 10% to about $97. The trigger: Amazon (NASDAQ:AMZN) has officially launched Supply Chain Services as a direct enterprise offering. Amazon stock is up 1% to $271 on the news, building on a 27% ... FedEx Slides 9%, UPS Sinks 10% as Amazon Supply Chain Services Goes Live: How Real Is the Threat?

Ferrari reported a first quarter earnings beat before the bell on Tuesday and reaffirmed its guidance, as the Italian automaker's luxury consumers bucked tension in the Middle East by selling more sports cars and in other regions. The report comes as President Trump renews a tariff threat on the European Union.

<body><p>STORY: Amazon.com is elbowing its way into the business of UPS and FedEx.</p><p>The company is giving other businesses access to its supply chain network that has powered the e-commerce giant’s operation for decades.</p><p>Its so-called "Amazon Supply Chain Services" will allow companies across industries such as retail, healthcare and manufacturing to use Amazon’s freight network spanning ocean, road, rail and air to move, store and deliver everything from raw materials to final products.</p><p>Amazon’s stock rose as much as almost 3% Monday morning while UPS fell as much as 10% and FedEx dropped more than 9%.</p><p>With a fleet of more than 100 cargo planes, behind only FedEx and UPS, along with a vast network of warehouses and sorting hubs, Amazon's move could make it a key logistics player and intensify competition on pricing and speed.</p><p>One analyst told Reuters quote, “For UPS and FedEx, this is not immediate disruption, but it is a structural warning shot, especially in e-commerce-heavy lanes where Amazon already has density, data and delivery-speed advantages."</p><p>Amazon will allow businesses to take advantage of its speedy two-to-five-day delivery timelines, as well as warehousing and inventory forecasting capabilities.</p><p>It has already signed up Procter & Gamble, 3M and American Eagle Outfitters.&nbsp;</p></body>