Kevin Mahns Air 7 AI stock picks, Neel Kashkaris inflation warnings and Fed rate decisions
Hennion & Walsh Asset Management President and CIO Kevin Mahn analyzes his Air 7 AI stock picks, including NVIDIA and Alphabet. He also reacts to Minneapolis Federal Reserve President Neel Kashkaris warnings that inflation is still too high.
Apple customers may be able to collect up to $95 from a class action settlement that stems from a lawsuit alleging the tech giant put out false advertisements about the AI capabilities on devices which didn’t have the tech fully integrated.
This spring, Apple reached a $250 million agreement to settle the class action lawsuit related to delays in the integration of AI and Siri capabilities in new devices.
The September 2024 release of the iPhone 16 created a “clear and reasonable consumer expectation” that AI features would be added to the devices. While the company did release Apple Intelligence features that year, the integration of ChatGPT with Siri and an emoji tool fell short of those expectations, according to the lawsuit.
Under the terms of the settlement, members of the class who submit valid claims would receive a cash payment of $25 per device, which may be adjusted up or down to a maximum payment of $95 per device depending on the total number of valid claims submitted.
APPLE’S IPHONE 18 GOES ON SALE AS CUSTOMERS LINE UP AT STORES WORLDWIDE
Apple agreed to pay $250 million to settle a class action lawsuit. Eligible customers may receive up to $95 per covered device.(CFOTO/Future Publishing
To be eligible to receive compensation from the class action settlement, a customer must be a resident of the U.S. and have purchased an iPhone 15 Pro, iPhone 15 Pro Max, or any iPhone 16 model between June 10, 2024, and March 29, 2025.
Eligible customers must also acknowledge that they “expected at the time of purchase to receive certain Siri Apple Intelligence features on <a href="https://myappsplus.com/how-to-turn-your-old-windows-pc-into-a-chromebook-for-free/” title=”How to turn your old Windows PC into a Chromebook for free”>your device, which you did not.”
To receive a payment, eligible customers must complete and submit a valid claim form by Dec. 21, 2026. They may submit a claim for each eligible device.
INSIDE JOHN TERNUS’ FIRST APPLE LAUNCH EVENT AS CEO: FOLDABLE IPHONE DUO, AI AND MORE
Customers eligible to participate in the class action settlement must submit claims by Dec. 21, 2026.(Jeenah Moon/Reuters)
The claimant must be the original purchaser of the device covered by the class action settlement, and may not have purchased it on a resale basis. Businesses are also eligible to submit claims for devices they bought.
Claims will be rejected if the submission is incomplete, contains false information, or isn’t submitted by deadline, according to the settlement website.
APPLE UNVEILS FIRST FOLDABLE IPHONE, IPHONE 18 PRO LINEUP, NEW WATCHES AT ANNUAL LAUNCH EVENT
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 338.98 | +2.85 | +0.85% |
Claim forms must include current contact information and confirm that the class member purchased an eligible device that they expected to have Siri Apple Intelligence features within the timeframe of June 10, 2024, to March 29, 2025. They must also include information to confirm the purchase and ownership of an eligible device.
Eligible claims will be paidttlement. Payment may be delayed by any appeals to the settlement, though payments would be processed promptly if there aren’t any subsequent appeals, according to the settlement website, which will provide further updates
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A final approval hearing for the settlement is scheduled for Feb. 24, 2027, in the U.S. District Court for the Northern District of California in San Jose.
The hearing will give the court the opportunity to determine if the settlement is fair, reasonable and adequate, while also considering any objections.
