Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Apple has settled a class action lawsuit for $95 million over claims that its Siri assistant recorded private conversations and disclosed them to advertisers. Millions of users are eligible for compensation, with the class period covering a decade of Siri-enabled devices.
Apple Agrees to Pay $95 Million in Siri Privacy Lawsuit
To end a potential class action lawsuit alleging that Siri, Apple's voice-activated assistant, infringed upon users' privacy, the tech company consented to pay $95 million in cash, Investing.com reports.
On Tuesday night, a preliminary settlement was filed in the federal court in Oakland, California. U.S. District Judge Jeffrey White must approve it.
Users of Apple's mobile devices have long griped about the company's habit of secretly recording and then selling their private talks to advertising and other third parties after they accidentally activated Siri.
Siri’s “Hey, Siri” Feature at the Center of Controversy
In most cases, voice assistants respond when users use "hot words" like "Hey, Siri."
Two of the plaintiffs claimed that advertisements for Olive Garden and Air Jordan footwear appeared after they mentioned those chains. After having a private conversation about it with his doctor, another man claimed to have received advertisements for a well-known surgical procedure.
Class Period Spanning a Decade Could Benefit Millions of Users
The academic year begins on September 17, 2014, and ends on December 31, 2024. The suspected illegal recordings started when Siri included the "Hey, Siri" capability.
Members of the class, who number in the tens of millions, might get $20 for every iPhone or Apple Watch that has Siri built in.
In settling, Apple denied any wrongdoing.
Settlement Includes Attorney Fees and Expenses
Attempts for comment on Thursday went unanswered by the Cupertino, California-based firm and its attorneys.
In response to comparable inquiries, plaintiffs' attorneys took some time to answer. They have the right to use the settlement money to pay up to $28.5 million in fees and $1.1 million in expenditures.
With a net income of $93.74 billion in its most recent fiscal year, Apple made around nine hours' worth of profit, or $95 million.
The federal court in San Jose, California, which is part of the same district as the Oakland court, is currently hearing a case that is comparable and filed on behalf of Google Voice Assistant customers. The legal companies who represented Apple in that action are now representing the plaintiffs here.
