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Google, Apple to pay combined $163M to settle bombshell lawsuits claiming they snooped on private conversations
New York Post· 2026-01-26 02:53
Core Viewpoint - Google and Apple are facing legal repercussions for secretly recording users' conversations without consent, leading to a combined settlement of $163 million to resolve the lawsuits [1]. Group 1: Apple - Apple has agreed to a $95 million settlement for a class-action lawsuit that accused the company of eavesdropping on users who did not activate Siri with the prompt "Hey, Siri" [1][4]. - Users who purchased Apple devices between September 17, 2014, and December 31, 2024, and experienced unintended Siri activations are eligible for compensation, capped at $20 per device, with a maximum of five devices per person [7][8]. - Apple reported a net income of $93.74 billion in the last fiscal year, indicating that the settlement amount represents approximately nine hours of profit for the company [8]. Group 2: Google - Google has reached a tentative $68 million settlement related to a lawsuit claiming that Google Assistant recorded users without the activation phrase "OK Google" [4][15]. - The settlement is part of a lawsuit filed in 2019 and is pending approval from a federal judge [4][15]. - The class-action suit against Google includes all users in the U.S. who purchased a Google device and had Gmail accounts linked to Google Assistant-enabled devices between May 18, 2016, and December 16, 2022 [15]. Group 3: User Experience and Advertising - Users reported receiving targeted advertisements for brands they discussed in conversations that were recorded, such as Olive Garden and Air Jordan [3][9]. - The lawsuits allege that recorded discussions were shared with third-party businesses, leading to these targeted ads [9]. Group 4: Company Responses - Both Apple and Google have denied any wrongdoing regarding the allegations made in the lawsuits [5]. - Apple has since implemented a policy requiring users to opt in before their recorded audio can be used to improve Siri's functionality [5].
Prem Watsa: Positioning Through Deep Value & Optionality
Acquirersmultiple· 2026-01-25 23:58
The latest 13F from Fairfax Financial reflects a steady, high-conviction allocation toward real assets, energy, and restructuring platforms — with minimal turnover during the quarter. The portfolio remains concentrated in long-duration value exposures where Fairfax believes intrinsic value exceeds market pricing. Activity this quarter was modest, signaling portfolio satisfaction rather than tactical repositioning.1. Orla Mining (ORLA) — No Change56.8M shares — $610.5M position (~29.6% of portfolio)Change Sh ...
Weekend Market Report-1/25/26
UpsideTrader· 2026-01-25 21:41
Market Overview - U.S. equities experienced modest losses amid geopolitical tensions and mixed economic signals, with the S&P 500 down 0.3% to 6,915.6, the Dow down 0.5% to 49,098.7, and the Nasdaq down 0.1% to 23,501.2 [2][3] - Year-to-date performance shows Russell 2000 up 7.5%, S&P Mid Cap 400 up 5.5%, DJIA up 2.2%, Nasdaq Composite up 1.1%, S&P 500 up 1.0% [1] Sector Performance - Energy sector gained 3.1% and materials sector rose 2.6%, driven by commodity strength, while financials and real estate sectors fell 2.5% due to interest rate sensitivities [3] - Third-quarter GDP was revised upward to 4.4%, and Q4 S&P 500 growth projections increased to 8.2% [3] Commodities and Economic Outlook - Commodities saw a rally, with gold prices around $4,980 per ounce and silver surpassing $100 [4] - Markets expect no rate changes at the upcoming Fed meeting, with a focus on inflation progress and potential cuts later in the year [4] Corporate Earnings - Major tech companies including Microsoft, Meta Platforms, Apple, and Tesla are set to report earnings next week, with market attention on their guidance to maintain upward momentum [5][4] - The price action of these mega-cap stocks is crucial as the market remains near record highs [5] Rare Earth Investment - The Trump Administration plans to invest $1.6 billion in USA Rare Earth Inc for a 10% stake, with the stock rising 9% on Friday and 46% over the last five days [6] Copper Market Insights - Bernstein forecasts a significant copper shortage beginning in 2027, coinciding with the mass scaling of AI infrastructure, highlighting the critical role of copper in electricity delivery for data centers [9] - The AI supercycle and copper supercycle are expected to align as demand for copper increases [9] Investment Vehicles - The United States Copper Index Fund (CPER) is noted as a pure copper ETF that tracks copper futures, providing direct commodity exposure [11] - Sprott Copper "Miner" ETF (COPP) focuses on copper mining stocks while allocating a portion to physical copper, making it a blended investment option [13]
Uber Isn’t Dead. Robotaxis Won’t Be Winner Takes All (NYSE:UBER)
Seeking Alpha· 2026-01-25 15:00
Investors are clearly getting cagey about the road ahead for Uber Technologies, Inc. ( UBER ) as it embraces autonomous technology in its business model. Management is optimisticJR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well ab ...
Archimedes Tech SPAC Partners III Co. Announces the Upsized Pricing of $240 Million Initial Public Offering
Globenewswire· 2026-01-23 17:00
CLAYMONT, Del., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Archimedes Tech SPAC Partners III Co. (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chairman Eric R. Ball and CEO Long Long, today announced the upsized pricing of its initial public offering of 24,000,000 units at an offering price of $10.00 per unit, for total gross proceeds of $240 million. Each unit consists of one ordinary share and one-fourth of one redeemable warrant, with ...
XPeng: Not Just A Car Company
Seeking Alpha· 2026-01-23 13:45
Core Insights - XPeng (XPEV) operates as both an automotive and technology company, with both sectors significantly contributing to its current valuations [1] Group 1: Automotive Sector - XPeng has experienced substantial growth in the automotive sector during the second half of 2024 [1]
Top 3 Tech Stocks That Are Set To Fly This Month
Benzinga· 2026-01-23 11:05
Core Insights - The information technology sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Figma Inc (NYSE:FIG) has an RSI value of 26.9, with a stock price decline of approximately 28% over the past month and a 52-week low of $18.41. The stock closed at $28.42 after a 5% increase [5] - Similarweb Ltd (NYSE:SMWB) has an RSI value of 29, with a stock price decline of around 10% over the past five days and a 52-week low of $5.48. The stock closed at $5.69 after a 2.5% increase [5] - Nutanix Inc (NASDAQ:NTNX) has an RSI value of 27.9, with a stock price decline of about 14% over the past five days and a 52-week low of $41.33. The stock closed at $42.98 after a 3.4% increase [5]
The Quantum Computing Stock Smart Investors Are Buying for 2026
The Motley Fool· 2026-01-23 09:10
Core Insights - The company has made significant advancements in quantum computing, which is gaining traction as a high-growth area alongside artificial intelligence [1][5] - Investors can choose between pure play quantum companies or established tech giants like Alphabet, depending on their investment strategy [2] - Alphabet is highlighted as a key player in quantum computing, offering both innovation and security for investors [5] Company Overview - Alphabet is widely recognized for its Google Search and Google Chrome, which are major revenue sources through advertising [6] - The company is also experiencing substantial growth in its Google Cloud segment [6] - Alphabet's revenue and profit are projected to remain in the billions annually, supported by its strong track record and long-term prospects [7] Quantum Computing Developments - Alphabet has developed a quantum chip named Willow, which addresses critical error challenges in quantum computing [9] - The Willow chip significantly reduces errors as quantum systems scale, marking a notable achievement in the field [9] - In late 2024, Alphabet demonstrated that its quantum hardware could outperform a supercomputer by running a verified algorithm [10] - Continued advancements in quantum computing may lead to new revenue streams for Alphabet, enhancing its overall business model [10]
Legato Merger Corp. IV Announces Pricing of $200,000,000 Initial Public Offering
Globenewswire· 2026-01-22 22:14
NEW YORK, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Legato Merger Corp. IV (the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on the NYSE American Market (“NYSE American”) and will begin trading under the ticker symbol “LEGO U” on January 23, 2026. Each unit consists of one ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one ordinary share at a price of $11.50 ...
Warren Buffett, Tom Lee Have 4 Stock Picks In Common: Do You Own Any Of The Top Picks?
Benzinga· 2026-01-22 19:55
Legendary investor Warren Buffett stepped down as the CEO of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) at the end of 2025, after decades of leading the conglomerate and often beating the returns of stock market indexes.Buffett leaves a portfolio of stock holdings for his successor Greg Abel. Among the stocks in the portfolio are four companies shared in common with the Fundstrat Granny Shots US Large Cap ETF (NYSE:GRNY) , an ETF from Tom Lee, one of the most well-known financial analysts. • Berkshire Hath ...