$60 to $70 is a fair price for a barrel of oil, Egypt’s petroleum minister says

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla. “It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy. If we see prices go down below a certain price then we will see a slowdown in investments,” he


There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla. “It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy. If we see prices go down below a certain price then we will see a slowdown in investments,” he
$60 to $70 is a fair price for a barrel of oil, Egypt’s petroleum minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: holly ellyatt, mohd jailanee othman, eyeem, getty images
Keywords: news, cnbc, companies, barrels, production, fair, million, egypts, barrel, minister, 60, prices, producers, day, petroleum, opec, oil, price, 70


$60 to $70 is a fair price for a barrel of oil, Egypt's petroleum minister says

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla.

“It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy.

“If prices of crude increase significantly we would start to see inflation and an exaggeration in the slowdown in consumption from the other side. If we see prices go down below a certain price then we will see a slowdown in investments,” he said.

“So, actually, the fair equation is to have a balanced price between the producers and the consumers whereby each party is happy and to continue the growth of the global economy.”

Egypt is a significant oil and natural gas producer in the Middle East although it’s not a member of OPEC and its output is dwarfed by members of the oil producing group and other non-OPEC producers like Russia.

Egypt is aiming to boost production modestly in 2019, to 670,000 barrels a day, although its output still trails that of others in the region. The latest figures from OPEC’s monthly report in January showed that Egypt’s oil producing neighbors to the west, Libya and Algeria, produced 928,000 barrels a day and a million barrels a day respectively in December. OPEC lynchpin Saudi Arabia produced 10.5 million barrels a day.

OPEC and non-OPEC producers including Russia (collectively known as ‘OPEC plus’) have collaborated in recent years on cutting or increasing their oil production in a bid to stabilize oil prices which have been volatile since 2014.

They last agreed in December to cut oil production by 1.2 million barrels a day in order to put a floor under prices, which have fallen due to rising oil supply and lackluster demand amid an uncertain global growth outlook.

On Monday morning, Brent crude futures were trading at $61.87 a barrel while West Texas Intermediate (WTI) crude futures was trading at $52.25 a barrel. Prices took a dip in the early trading session on Monday after data showed drilling activity in the U.S., now the world’s largest oil producer, had increased again, pointing higher production.

The OPEC-Plus deal has not yet been realized fully with Russia slower to meet the desired output cut. Once the 1.2 million barrel a day cut was reached, El Molla said “I think it will adjust, and reach, the desired outcome of price.”

Speaking to CNBC’s Dan Murphy at the Egypt Petroleum Show, ‘EGYPS, ‘taking place in Cairo, El Molla said oil markets were “somehow close” to a price that can keep both oil producers happy because although oil prices have fallen from peaks of around $114 a barrel in mid-2014, production costs have also fallen with technological advances.

“With the advancement of technology, new ways of producing oil have added new volumes to the market and this technology means you’re reducing the cost per barrel, and what might have been accepted a few years ago back when we were talking about $100, or $90 or $80, a barrel oil wouldn’t be accepted now.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: holly ellyatt, mohd jailanee othman, eyeem, getty images
Keywords: news, cnbc, companies, barrels, production, fair, million, egypts, barrel, minister, 60, prices, producers, day, petroleum, opec, oil, price, 70


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SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a th


Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a th
SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, stock, unveils, buyback, quarterly, reported, yen, profit, softbank, 60, valuations, soars, group, operating, q3, shares, billion, technology


SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments.

SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock.

The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a third of the shares in domestic telco SoftBank Corp, which on Tuesday reported a 24 percent jump in quarterly operating profit.

SoftBank Group said its operating profit in the October-December quarter was 438.3 billion yen ($3.99 billion) versus 274 billion yen a year earlier. The year-earlier figure used previous accounting standards.

Profits at SoftBank Group are increasingly affected by the valuations of big technology bets through its own investing activities and its Saudi-backed Vision Fund, which launched last year with over $90 billion in capital.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, stock, unveils, buyback, quarterly, reported, yen, profit, softbank, 60, valuations, soars, group, operating, q3, shares, billion, technology


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Nearly 60 percent of Trump’s schedule is ‘Executive Time,’ report says

President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source. An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. “He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structu


President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source. An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. “He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structu
Nearly 60 percent of Trump’s schedule is ‘Executive Time,’ report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: allan smith, kevin lamarque
Keywords: news, cnbc, companies, report, white, 60, day, spends, trumps, house, site, schedules, nearly, schedule, trump, axios, reported, executive


Nearly 60 percent of Trump's schedule is 'Executive Time,' report says

President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source.

An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. Although the private schedules list him as being in the Oval Office from 8 to 11 a.m. each day, he actually spends those hours in his residence watching TV, reading newspapers, and responding to what he sees in the news by phoning aides, members of Congress, friends, administration officials, and other advisers, the news site reported, citing six sources with direct knowledge of the matter.

“He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structure.”

The news site reported that former White House chief of staff John Kelly introduced executive time into Trump’s day because the president disliked being locked into a regular schedule.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: allan smith, kevin lamarque
Keywords: news, cnbc, companies, report, white, 60, day, spends, trumps, house, site, schedules, nearly, schedule, trump, axios, reported, executive


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Warren Buffett and Charlie Munger haven’t had a fight in 60 years — here’s why

“We knew we were sort of made for each other,” Buffett added about Munger, who is now 95. The fact that Buffett and Munger enjoy each other’s company seems to have strengthened their working relationship, and that’s also likely why they don’t argue. Munger told CNBC in 2016 that he and Buffett “don’t agree totally on everything, and yet we’re quite respectful of one another.” There are “not too many people I listen to,” Buffett told CNBC. Don’t Miss:Warren Buffett remembers first meeting Charlie


“We knew we were sort of made for each other,” Buffett added about Munger, who is now 95. The fact that Buffett and Munger enjoy each other’s company seems to have strengthened their working relationship, and that’s also likely why they don’t argue. Munger told CNBC in 2016 that he and Buffett “don’t agree totally on everything, and yet we’re quite respectful of one another.” There are “not too many people I listen to,” Buffett told CNBC. Don’t Miss:Warren Buffett remembers first meeting Charlie
Warren Buffett and Charlie Munger haven’t had a fight in 60 years — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: tom huddleston jr, nelson ching, getty images
Keywords: news, cnbc, companies, heres, working, worth, warren, havent, charlie, fight, friends, told, munger, buffett, good, agree, 60


Warren Buffett and Charlie Munger haven't had a fight in 60 years — here's why

“We went to dinner and in five minutes, Charlie was rolling on the floor laughing at his own jokes — and I do the same thing,” Buffett, who is now 88, told CNBC in 2018. “We knew we were sort of made for each other,” Buffett added about Munger, who is now 95.

Those feelings turned out to be correct, as the two men have stayed close friends every since. And, even after being friends for about 60 years, and working together for more than 40 years, Buffett still says he can “always learn something” from spending time with Munger.

That could explain why the two friends and partners have never had an argument — though that doesn’t mean they agree on everything. “We are strong-minded, we disagree on a few things,” Buffett said. At the same time, though, Buffett added: “We agree on most things and we have a great time together.”

The fact that Buffett and Munger enjoy each other’s company seems to have strengthened their working relationship, and that’s also likely why they don’t argue.

“We’ve got an extremely good partnership and business is more fun — just as life is more fun — with a good personal partner and to have great business partner,” Buffett said. “You know it’s just — we’ve accomplished more but we’ve also had way more fun.”

Their strong bond is also a result of mutual respect. Munger told CNBC in 2016 that he and Buffett “don’t agree totally on everything, and yet we’re quite respectful of one another.”

There are “not too many people I listen to,” Buffett told CNBC. “But, Charlie, he’s given me a lot of good advice over time. And, I may hate to take it to a certain degree, but sometimes — but my decisions have been better. I’ve lived a better life because of Charlie.”

Clearly, their relationship has been a successful one, judging by Berkshire Hathaway’s amazing track record of outperforming the overall stock market every year going back to the 1960s. As a result of their success together, Munger is now worth about $1.7 billion, according to a recent estimate by Forbes, while Buffett has a net worth of more than $84 billion, making him the third-wealthiest person in the world.

Don’t Miss:

Warren Buffett remembers first meeting Charlie Munger

The life-changing career advice that Warren Buffett gave Charlie Munger

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Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: tom huddleston jr, nelson ching, getty images
Keywords: news, cnbc, companies, heres, working, worth, warren, havent, charlie, fight, friends, told, munger, buffett, good, agree, 60


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Former Starbucks CEO Howard Schultz said to mull independent 2020 bid

Former Starbucks Chairman and CEO Howard Schultz, who is launching a book tour next week, is reportedly giving serious consideration to running for president in 2020 as an independent candidate, The Atlantic reported on Saturday. With the field of contenders to challenge President Donald Trump growing daily, Schultz is set to give an interview on Sunday to 60 Minutes, CBS’s flagship news magazine. In response to an inquiry from CNBC, a spokesperson for CBS replied: “Watch 60 Minutes to see the H


Former Starbucks Chairman and CEO Howard Schultz, who is launching a book tour next week, is reportedly giving serious consideration to running for president in 2020 as an independent candidate, The Atlantic reported on Saturday. With the field of contenders to challenge President Donald Trump growing daily, Schultz is set to give an interview on Sunday to 60 Minutes, CBS’s flagship news magazine. In response to an inquiry from CNBC, a spokesperson for CBS replied: “Watch 60 Minutes to see the H
Former Starbucks CEO Howard Schultz said to mull independent 2020 bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: javier e david
Keywords: news, cnbc, companies, interview, trump, 2020, starbucks, schultz, mull, minutes, ceo, 60, bid, team, reportedly, howard, independent, schultzs


Former Starbucks CEO Howard Schultz said to mull independent 2020 bid

Former Starbucks Chairman and CEO Howard Schultz, who is launching a book tour next week, is reportedly giving serious consideration to running for president in 2020 as an independent candidate, The Atlantic reported on Saturday.

With the field of contenders to challenge President Donald Trump growing daily, Schultz is set to give an interview on Sunday to 60 Minutes, CBS’s flagship news magazine. While the network has teased a snippet of the interview in which Schultz harsly criticizing Trump, the coffee impresario who turned Starbucks into a global brand is weighing the idea of an independent bid, according to The Atlantic.

Representatives for Schultz did not immediately return CNBC’s request for comment. In response to an inquiry from CNBC, a spokesperson for CBS replied: “Watch 60 Minutes to see the Howard Schultz interview.”

Speculation has swirled around Schultz’s second act after Starbucks for at least two years, and the 60 Minutes interview could be the latest trial balloon floated by his camp. The Atlantic cited Democratic insiders as the most worried about a potential run for the presidency by Schultz, who are reportedly concerned that a third-party bid would siphon off Democratic votes, and ensure a re-election for Trump.

The 60 Minutes interview is timed to the release of Schultz’s book, “From the Ground Up,” which weaves together parts of his personal biography and his vision for the country. CNBC reported in November that the Brooklyn native — who’s worth at least $3 billion, according to Bloomberg — is building an elite communications team ahead of what could be converted into a White House campaign.

A key player in Schultz’s growing team is Steve Schmidt, a former vice chairman at public relations powerhouse Edelman who managed Republican Sen. John McCain’s presidential campaign in 2008. In an interview with CNBC last year, Schultz left the door open to a run.

The Atlantic’s full story can be found on its website.

–CNBC’s Brian Schultz contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: javier e david
Keywords: news, cnbc, companies, interview, trump, 2020, starbucks, schultz, mull, minutes, ceo, 60, bid, team, reportedly, howard, independent, schultzs


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Brent crude prices fall below $60 on weak China trade data

Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world’s biggest trading nation. International Brent crude oil futures were at $59.78 per barrel at 0312 GMT, down 70 cents, or 1.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 63 cents, or 1.2 percent, $50.96 a barrel. China’s December exports fell by 4.4 percent from a year earlier, the biggest monthly drop in two years, official


Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world’s biggest trading nation. International Brent crude oil futures were at $59.78 per barrel at 0312 GMT, down 70 cents, or 1.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 63 cents, or 1.2 percent, $50.96 a barrel. China’s December exports fell by 4.4 percent from a year earlier, the biggest monthly drop in two years, official
Brent crude prices fall below $60 on weak China trade data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14
Keywords: news, cnbc, companies, crude, china, oil, data, brent, futures, biggest, weak, barrel, trade, showed, fall, weakening, prices, worlds, 60


Brent crude prices fall below $60 on weak China trade data

Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world’s biggest trading nation.

International Brent crude oil futures were at $59.78 per barrel at 0312 GMT, down 70 cents, or 1.2 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures were down 63 cents, or 1.2 percent, $50.96 a barrel.

China’s December exports fell by 4.4 percent from a year earlier, the biggest monthly drop in two years, official data showed on Monday, pointing to further weakening in the world’s second-largest economy. Imports also contracted, falling 7.6 percent, the biggest decline since July 2016.

Traders said the data pulled down crude oil futures and Asian stock markets alike, which had both posted modest gains earlier on Monday.

Economic research firm TS Lombard said oil prices were capped as “the world economy is now slowing … limiting the scope for positive surprises in oil demand and hampering inventory reduction.”

Ole Hansen, head of commodity strategy at Denmark’s Saxo Bank, said “the deterioration seen recently in forward-looking economic data from the U.S. to Europe and China” meant that the upside for crude oil futures was likely limited to $64 per barrel for Brent and for $55 for WTI.

The weak Chinese data countered general support that oil markets have been receiving since the start of the year from supply cuts from the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC allies, including Russia.

In the United States, drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to 873, energy services firm Baker Hughes said in a weekly report on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-01-14
Keywords: news, cnbc, companies, crude, china, oil, data, brent, futures, biggest, weak, barrel, trade, showed, fall, weakening, prices, worlds, 60


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Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for ‘Green New Deal’

Asked for a specific proposal, Ocasio-Cortez suggested the plan might require returning to policies that preceded the overhauls of the 1980s, which significantly reduced the top income tax rate. “You know, you look at our tax rates back in the ’60s and when you have a progressive tax rate system, your tax rate, you know, let’s say, from zero to $75,000 may be 10 percent or 15 percent, et cetera,” she told “60 Minutes.” The top tax rate dropped to 37 percent following the passage of the 2017 Tax


Asked for a specific proposal, Ocasio-Cortez suggested the plan might require returning to policies that preceded the overhauls of the 1980s, which significantly reduced the top income tax rate. “You know, you look at our tax rates back in the ’60s and when you have a progressive tax rate system, your tax rate, you know, let’s say, from zero to $75,000 may be 10 percent or 15 percent, et cetera,” she told “60 Minutes.” The top tax rate dropped to 37 percent following the passage of the 2017 Tax
Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for ‘Green New Deal’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: tom dichristopher, reuters carlos barria
Keywords: news, cnbc, companies, proposal, tax, rate, told, ocasiocortez, floats, deal, pay, suggested, wealthy, alexandria, 70, 60, green, taxes


Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for 'Green New Deal'

Rep. Alexandria Ocasio-Cortez of New York says her plan to transition the United States away from fossil fuels would require people to “start paying their fair share in taxes.”

That could mean taxing the wealthiest Americans at a rate of 60-70 percent, the freshman Congresswoman told CBS’s “60 Minutes” in an interview scheduled to air on Sunday.

Ocasio-Cortez has put forward a “Green New Deal” that includes generating all of the nation’s power from renewable sources, building a national smart grid and entirely eliminating industrial greenhouse gas emissions. A proposal from the democratic socialist lawmaker calls for achieving those goals within 10 years.

In the “60 Minutes” interview, Ocasio-Cortez acknowledges that taxes would have to rise to underwrite the necessary investments. Asked for a specific proposal, Ocasio-Cortez suggested the plan might require returning to policies that preceded the overhauls of the 1980s, which significantly reduced the top income tax rate.

“You know, you look at our tax rates back in the ’60s and when you have a progressive tax rate system, your tax rate, you know, let’s say, from zero to $75,000 may be 10 percent or 15 percent, et cetera,” she told “60 Minutes.”

“But once you get to, like, the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent. That doesn’t mean all $10 million are taxed at an extremely high rate, but it means that as you climb up this ladder you should be contributing more.”

The top tax rate dropped to 37 percent following the passage of the 2017 Tax Cuts and Jobs Act.

In her written proposal, Ocasio-Cortez previously said “progressive wealth taxes” could be set to fund investments under the Green New Deal. She also suggested imposing taxes on greenhouse gas emissions, tapping the Federal Reserve for credit and having the government take an equity stake in projects.

Ocasio-Cortez has clashed with centrist Democrats and the party’s establishment over how ambitiously the left should tackle climate change.

She lost an early battle to establish a Select Committee for a Green New Deal. Speaker Nancy Pelosi has instead announced plans to revive a select committee on climate change that will be chaired by Rep. Kathy Castor, a seasoned lawmaker from Florida.


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: tom dichristopher, reuters carlos barria
Keywords: news, cnbc, companies, proposal, tax, rate, told, ocasiocortez, floats, deal, pay, suggested, wealthy, alexandria, 70, 60, green, taxes


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Robocalls jumped 60 percent in the U.S. last year and scammers are finding more ways to make money

You are getting bombarded with robocalls. “Scam calls have been increasing very steadily, and it’s driving people to not answer their phone,” said YouMail CEO Alex Quilici. “It’s driving people to not answer their phone and it’s kind of created this death spiral of phone calls as the robocallers ramp up their efforts, and the legitimate roboccalls try harder to get through.” Scams make up an estimated 40 percent of all robocalls, Quilici said, while the other 60 percent are “legitimate” robocall


You are getting bombarded with robocalls. “Scam calls have been increasing very steadily, and it’s driving people to not answer their phone,” said YouMail CEO Alex Quilici. “It’s driving people to not answer their phone and it’s kind of created this death spiral of phone calls as the robocallers ramp up their efforts, and the legitimate roboccalls try harder to get through.” Scams make up an estimated 40 percent of all robocalls, Quilici said, while the other 60 percent are “legitimate” robocall
Robocalls jumped 60 percent in the U.S. last year and scammers are finding more ways to make money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: kate fazzini, zero creatives, getty images, source, magdalena petrova cnbc
Keywords: news, cnbc, companies, phone, driving, ways, technology, legitimate, jumped, money, calls, 60, answer, robocalls, finding, quilici, scammers, youmail


Robocalls jumped 60 percent in the U.S. last year and scammers are finding more ways to make money

It’s not your imagination. You are getting bombarded with robocalls.

Robocalling, a practice where marketers send automated voice messages to thousands of phones at once, surged 60 percent in the U.S. last year to 48 billion calls, according to preliminary year-end data from YouMail, a robocall management company that tracks the volume of calls.

“Scam calls have been increasing very steadily, and it’s driving people to not answer their phone,” said YouMail CEO Alex Quilici. “It’s driving people to not answer their phone and it’s kind of created this death spiral of phone calls as the robocallers ramp up their efforts, and the legitimate roboccalls try harder to get through.”

Both mobile carriers and smart phone makers are racing to keep up with the influx, but have been unsuccessful so far because the technology to deploy the calls is cheap, easy and lucrative for scammers. Scams make up an estimated 40 percent of all robocalls, Quilici said, while the other 60 percent are “legitimate” robocalls, like those that come from pharmacies, libraries, schools and political candidates.

“New, inexpensive technology and products have enabled scammers, including those located outside the U.S., to set up mass calling operations that can place high volumes of spoofed calls with minimal investment,” said Andrew Morgan, a spokesman for AT&T. “We will have to continue to find new tools as illegal scammers adjust their techniques to overcome the latest innovations.”


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: kate fazzini, zero creatives, getty images, source, magdalena petrova cnbc
Keywords: news, cnbc, companies, phone, driving, ways, technology, legitimate, jumped, money, calls, 60, answer, robocalls, finding, quilici, scammers, youmail


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60 percent of millennials don’t have enough money to cover a $1,000 emergency

If your basement floods or your car breaks down, you may not have enough money to cover the bill. The survey, conducted earlier this month, asked 1,000 U.S. adults about their savings level. Over half of Americans, 52 percent, say they couldn’t do it, either. Baby boomers (ages 54-72) fare the best, with about 60 percent saying they could handle a $1,000 emergency by using cash or savings. Gen-Xers (ages 38-53) are only slightly better off than millennials, with about 48 percent saying they’d be


If your basement floods or your car breaks down, you may not have enough money to cover the bill. The survey, conducted earlier this month, asked 1,000 U.S. adults about their savings level. Over half of Americans, 52 percent, say they couldn’t do it, either. Baby boomers (ages 54-72) fare the best, with about 60 percent saying they could handle a $1,000 emergency by using cash or savings. Gen-Xers (ages 38-53) are only slightly better off than millennials, with about 48 percent saying they’d be
60 percent of millennials don’t have enough money to cover a $1,000 emergency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: megan leonhardt
Keywords: news, cnbc, companies, millennials, money, say, ages, survey, cover, 60, lendingtree, dont, 1000, youre, saying, handle, emergency


60 percent of millennials don't have enough money to cover a $1,000 emergency

If your basement floods or your car breaks down, you may not have enough money to cover the bill. Especially if you’re a millennial.

A new survey from LendingTree finds that 6 out of 10 millennials (which LendingTree classifies as those aged 22 to 37) say they don’t have enough put away to handle a $1,000 emergency expense, meaning they would have to raise the funds by borrowing them, putting them on a credit card, or by selling something. The survey, conducted earlier this month, asked 1,000 U.S. adults about their savings level.

Over half of Americans, 52 percent, say they couldn’t do it, either. Baby boomers (ages 54-72) fare the best, with about 60 percent saying they could handle a $1,000 emergency by using cash or savings.

Gen-Xers (ages 38-53) are only slightly better off than millennials, with about 48 percent saying they’d be OK.


Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: megan leonhardt
Keywords: news, cnbc, companies, millennials, money, say, ages, survey, cover, 60, lendingtree, dont, 1000, youre, saying, handle, emergency


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‘Yellow vest’ protesters battle riot police in Paris, 60 arrested

French police fired tear gas, stun grenades and water cannon in battles with “yellow vest” protesters trying to breach security cordons on the Champs Elysees in Paris on Saturday ahead of a third rally against high living costs. Police said 60 people had been arrested amid concerns that violent far-right and far-left groups were infiltrating the “yellow vests” movement, a spontaneous grassroots rebellion over the struggle of many in France to make ends meet. In Paris, masked and hooded protester


French police fired tear gas, stun grenades and water cannon in battles with “yellow vest” protesters trying to breach security cordons on the Champs Elysees in Paris on Saturday ahead of a third rally against high living costs. Police said 60 people had been arrested amid concerns that violent far-right and far-left groups were infiltrating the “yellow vests” movement, a spontaneous grassroots rebellion over the struggle of many in France to make ends meet. In Paris, masked and hooded protester
‘Yellow vest’ protesters battle riot police in Paris, 60 arrested Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-01  Authors: lucas barioulet, afp, getty images
Keywords: news, cnbc, companies, vest, riot, champs, france, battle, yellow, paris, arrested, world, elysees, battles, protesters, macron, vests, 60


'Yellow vest' protesters battle riot police in Paris, 60 arrested

French police fired tear gas, stun grenades and water cannon in battles with “yellow vest” protesters trying to breach security cordons on the Champs Elysees in Paris on Saturday ahead of a third rally against high living costs.

Police said 60 people had been arrested amid concerns that violent far-right and far-left groups were infiltrating the “yellow vests” movement, a spontaneous grassroots rebellion over the struggle of many in France to make ends meet.

For more than two weeks, the “gilets jaunes” (yellow vests) have blocked roads in protests across France, posing one of the largest and most sustained challenges Emmanuel Macron has faced in his 18-month-old presidency.

In Paris, masked and hooded protesters picked up and hurled crowd barriers and other projectiles in running battles with police on and around the world famous Champs Elysees boulevard.

Others erected their own barricades and set them alight in some of the streets adjacent to the Champs Elysees.

Three policemen and seven protesters had been injured, spokeswoman Johanna Primevert said.

“The thugs are a minority and have no place in these demonstrations,” government spokesman Benjamin Griveaux told LCI television.

Several hundred yellow vests sat down under the Arc de Triomphe at the top of the Elysees, singing La Marseillaise, France’s national anthem, and chanting, “Macron Resign!”

On the facade of the towering 19th-century arch, protesters scrawled in big black letters: “The yellow vests will triumph.”


Company: cnbc, Activity: cnbc, Date: 2018-12-01  Authors: lucas barioulet, afp, getty images
Keywords: news, cnbc, companies, vest, riot, champs, france, battle, yellow, paris, arrested, world, elysees, battles, protesters, macron, vests, 60


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