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- GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid
Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares. [TheTopNews] Read More.1 hour ago - Warner Bros. Discovery books $2.9 billion net loss tied to Paramount deal, restr...
Paramount agreed to pay a Netflix termination fee, but the cost lives on WBD's books until the close of the deal. [TheTopNews] Read More.1 hour ago - How you can get a slice of Apple’s $250M iPhone settlement
Apple has agreed to a $250 million settlement to resolve claims it misled consumers about artificial intelligence features tied to its latest iPhones, according to a federal court filing.The proposed deal, filed in the U.S. District Court for the Northern District of California, would create a non-reversionary settlement fund to compensate customers who purchased certain iPhone models marketed with enhanced Siri capabilities that were not available at launch.If approved, eligible users could receive a minimum of $25 per device, with payments potentially rising as high as $95 depending on the number of claims submitted.The settlement covers an estimated 37 million devices sold in the U.S. between June 10, 2024, and March 29, 2025, including all iPhone 16 models as well as the iPhone 15 Pro and Pro Max.TRUMP ADMIN TO REVIEW AI MODELS FROM GOOGLE, MICROSOFT, XAI AHEAD OF PUBLIC RELEASEThe lawsuit alleged Apple promoted a suite of "Apple Intelligence" features – including major upgrades to its Siri virtual assistant – that were not available when the devices went on sale. Plaintiffs said the company "showcased" advanced Siri capabilities in marketing campaigns even though the features "did not yet exist."FORMER APPLE CEO SEES OPENAI POSES LARGEST COMPETITIVE THREAT TO TECH GIANT IN YEARS"Apple allegedly saturated the market with deceptive ads, inducing consumers to purchase iPhones based on the promise of certain Enhanced Siri features," the filing states. "It further alleged that public reaction was swift and intense when consumers learned that the Enhanced Siri features would be released later than initially anticipated."Consumers argued they were effectively charged a premium for capabilities that were delayed, saying they would not have purchased the devices – or would have paid less – had they known the features would not be available at launch.Court filings show plaintiffs estimated potential damages at more than $2 billion based on the alleged price premium tied to the promised features, though the settlement represents a fraction of that amount. Apple has denied wrongdoing but agreed to settle to avoid the uncertainty and expense of prolonged litigation.APPLE CLOSING 3 STORES, INCLUDING ITS FIRST-EVER UNIONIZED LOCATION, SPARKING UNION-BUSTING CLAIMSIn a statement to FOX Business, Apple said it has rolled out "dozens" of AI features across its platforms."Since the launch of Apple Intelligence, we have introduced dozens of features across many languages that are integrated across Apple's platforms, relevant to what users do every day, and built with privacy protections at every… [TheTopNews] Read More.2 hours ago - Attack on French Cargo Ship Highlights Continued Risks in Strait of HormuzU.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military. [TheTopNews] Read More.2 hours ago
- Howard Lutnick Grilled by Lawmakers Over Epstein TiesThe commerce secretary appeared for hours in a closed-door session on Wednesday with the House Oversight Committee. [TheTopNews] Read More.2 hours ago
- Burlington to open over two dozen new stores across in MayDiscount retailer Burlington is planning to open more than two dozen stores in 20 states this month as the company continues to expand its footprint with over 1,000 locations around the country.The company in March said that it planned to open 110 net new stores, plus a new distribution center in Savannah, Georgia, in its fiscal year 2026 that will end on Jan. 30, 2027.Burlington operated 1,212 stores at the end of the fourth quarter of its fiscal year 2025, which covered 46 states as well as Washington, D.C., and Puerto Rico.Grand openings are expected to begin with four occurring on May 8, including Santa Clarita, California, Columbus, Ohio, along with two more locations in the communities of Kent and Longview, Washington.GAMESTOP TARGETS EBAY IN $56B TAKEOVER BID, SEES PATH TO RIVAL AMAZONMay 15 will see a larger slate of store openings, with a dozen stores set to open for business in the following locations:FORD ROLLS OUT NATIONWIDE EMPLOYEE PRICING TO MARK AMERICA'S 250TH ANNIVERSARYThe following week, on May 22, three more stores are scheduled to open in Manteca, California, Katy, Texas, and Jersey City, New Jersey.Burlington will open a further seven stores to close out the month, with stores to open in these communities:COSTCO PLANS MAJOR GROWTH PUSH, TARGETING 30 NEW LOCATIONS ANNUALLYLast month, Burlington announced the groundbreaking on a future distribution center in Buckeye, Arizona, a community near Phoenix. The distribution center is expected to be nearly 2 million square feet and is expected to open in 2028.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.2 hours ago
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