Student loan scams are on the rise. Don’t fall for them

You go through the steps, sharing your federal student loan ID and other sensitive information along the way. Months pass until you discover your loans have gone unpaid and slipped into default, and that you’ve fallen prey to one of the growing number of student loan scams. For scammers, rising student loan debt is an opportunity. So far, these charges have cost student loan borrowers more than $95 million, according to the Federal Trade Commission. The FTC recently reached an $11 million settle


You go through the steps, sharing your federal student loan ID and other sensitive information along the way. Months pass until you discover your loans have gone unpaid and slipped into default, and that you’ve fallen prey to one of the growing number of student loan scams. For scammers, rising student loan debt is an opportunity. So far, these charges have cost student loan borrowers more than $95 million, according to the Federal Trade Commission. The FTC recently reached an $11 million settle
Student loan scams are on the rise. Don’t fall for them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: annie nova
Keywords: news, cnbc, companies, payments, monthly, debt, scams, rise, relief, receive, ftc, student, loans, fall, person, loan, dont


Student loan scams are on the rise. Don't fall for them

First, you receive a call about your student loans.

The person on the other end offers to lower your monthly payments or make your debt disappear altogether, potentially for a fee. Sounds great, right?

You go through the steps, sharing your federal student loan ID and other sensitive information along the way.

No worrisome notices arrive at your door because the person, using your ID, changed your billing address.

Months pass until you discover your loans have gone unpaid and slipped into default, and that you’ve fallen prey to one of the growing number of student loan scams.

For scammers, rising student loan debt is an opportunity. Americans are now more burdened by education loans than they are by credit card or auto debt. The average person leaves school $30,000 in the hole, while nearly 20% percent owe more than $100,000.

This new breed of fraudsters commonly promise student debt forgiveness and lower payments. They often demand upfront fees of thousands of dollars, which is illegal, for this “service.” So far, these charges have cost student loan borrowers more than $95 million, according to the Federal Trade Commission. The FTC has launched “Operation Game of Loans,” an effort to crack down on these companies around the country.

The FTC recently reached an $11 million settlement with a man who ran a California-based student loan debt relief scheme that preyed on borrowers hoping for reduced monthly payments or loan forgiveness. The FTC says the consumers often did not receive any debt relief and lost hundreds of dollars.

“When there’s a lot of debt, there will be people who try to take advantage of people who have that debt and are overwhelmed by it,” said Brianna McGurran, a student loan expert for personal finance website NerdWallet.


Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: annie nova
Keywords: news, cnbc, companies, payments, monthly, debt, scams, rise, relief, receive, ftc, student, loans, fall, person, loan, dont


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Stocks fall for a second day as tech and bank shares slide

Stocks fell for a second day on Wednesday, pressured by declines in tech and bank shares, pausing a sharp rally to start off June. The Dow Jones Industrial Average dipped 50 points while the S&P 500 traded 0.2% lower. Tech shares were dragged down by chip stocks. Semiconductor stocks were pressured after an Evercore ISI analyst said a recovery in the space will likely be pushed back to the second half of 2020. Facebook shares dropped more than 1% after a Wall Street Journal report showed the com


Stocks fell for a second day on Wednesday, pressured by declines in tech and bank shares, pausing a sharp rally to start off June. The Dow Jones Industrial Average dipped 50 points while the S&P 500 traded 0.2% lower. Tech shares were dragged down by chip stocks. Semiconductor stocks were pressured after an Evercore ISI analyst said a recovery in the space will likely be pushed back to the second half of 2020. Facebook shares dropped more than 1% after a Wall Street Journal report showed the com
Stocks fall for a second day as tech and bank shares slide Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: fred imbert
Keywords: news, cnbc, companies, fall, semiconductor, tech, lower, fell, declines, shares, stocks, slide, day, second, pressured, dropped, bank, dow


Stocks fall for a second day as tech and bank shares slide

Stocks fell for a second day on Wednesday, pressured by declines in tech and bank shares, pausing a sharp rally to start off June.

The Dow Jones Industrial Average dipped 50 points while the S&P 500 traded 0.2% lower. The Nasdaq Composite lagged, sliding 0.4%.

Tech shares were dragged down by chip stocks. The VanEck Vectors Semiconductor ETF (SMH) dropped 1.9% as Lam Research lost 5%. Applied Materials, KLA-Tencor and Teradyne also fell. Semiconductor stocks were pressured after an Evercore ISI analyst said a recovery in the space will likely be pushed back to the second half of 2020.

Facebook shares dropped more than 1% after a Wall Street Journal report showed the company uncovered emails linking CEO Mark Zuckerberg to the company’s privacy practices.

Wednesday’s declines come after muted trading action in the previous session. The Dow closed marginally lower on Tuesday, snapping a six-day winning streak.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: fred imbert
Keywords: news, cnbc, companies, fall, semiconductor, tech, lower, fell, declines, shares, stocks, slide, day, second, pressured, dropped, bank, dow


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US Treasury yields fall after report shows little inflation

U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%. The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electri


U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%. The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electri
US Treasury yields fall after report shows little inflation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: thomas franck silvia amaro, thomas franck, silvia amaro
Keywords: news, cnbc, companies, yields, fall, inflation, yield, consumers, volatile, fell, report, price, socalled, treasury, rose, little, shows


US Treasury yields fall after report shows little inflation

U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May.

At around 12:19 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%.

The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electricity and rent. Excluding volatile energy and food components, costs rose a similar 0.1%.

Prices rose 1.8% from the previous year, while the so-called core gauge rose 2%; both prints fell just short of what economists polled by Dow Jones had expected.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: thomas franck silvia amaro, thomas franck, silvia amaro
Keywords: news, cnbc, companies, yields, fall, inflation, yield, consumers, volatile, fell, report, price, socalled, treasury, rose, little, shows


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Oil prices fall more than 2% after another big jump in US crude stockpiles

Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Oil prices sank on Wednesday after government data showed a large increase in U.S. crude stockpiles for the second week in a row and as the market continues to grapple with concerns about weakening fuel demand. Brent crude, the international benchmark for oil prices, was down $1.22, or 2%, at $61.07 around 12:10 p.m. Crude futures fell to a nearly five-month low last week after EIA figures showed crude sto


Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Oil prices sank on Wednesday after government data showed a large increase in U.S. crude stockpiles for the second week in a row and as the market continues to grapple with concerns about weakening fuel demand. Brent crude, the international benchmark for oil prices, was down $1.22, or 2%, at $61.07 around 12:10 p.m. Crude futures fell to a nearly five-month low last week after EIA figures showed crude sto
Oil prices fall more than 2% after another big jump in US crude stockpiles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: tom dichristopher
Keywords: news, cnbc, companies, stockpiles, big, fall, energy, fell, prices, jump, low, crude, million, growth, demand, oil, week


Oil prices fall more than 2% after another big jump in US crude stockpiles

Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain.

Oil prices sank on Wednesday after government data showed a large increase in U.S. crude stockpiles for the second week in a row and as the market continues to grapple with concerns about weakening fuel demand.

U.S. commercial crude inventories rose by 2.2 million barrels in the week through June 7, according to the U.S. Energy Information Administration. Analysts in a Reuters poll had expected stockpiles to fall by 481,000 barrels.

Brent crude, the international benchmark for oil prices, was down $1.22, or 2%, at $61.07 around 12:10 p.m. ET (1610 GMT). Brent hit a session low at $60.30 in early morning trading.

U.S. West Texas Intermediate crude futures fell $1.35, or 2.5%, to $51.92 per barrel. WTI fell as low as $51.46 earlier in the session.

Crude futures fell to a nearly five-month low last week after EIA figures showed crude stocks surged to the highest level since July 2017. Brent is now down 19% from its 2019 high in April, while WTI is trading 22% lower over the same period.

“At a minimum, these results are going to keep traders on the sidelines, or more likely, pressing crude until it stops going down,” Michael Bradley, equity strategist at energy investment bank Tudor, Pickering, Holt & Company, said in a research note.

Oil prices have been supported by expectations that OPEC and its allies will continue to prop up prices by limiting production, but buffeted by concerns that the U.S.-China trade war will weigh on global economic growth and fuel demand.

President Donald Trump on Tuesday said he is holding up negotiations until Beijing agrees to return to the terms of negotiations laid out earlier in trade talks.

“It is constant concern about the demand outlook because of what’s happening with the situation with China,” said John Kilduff, founding partner at energy hedge fund Again Capital.

Stocks and other assets have been bolstered by hopes that the U.S. Federal Reserve will cut interest rates and stimulate growth, but energy commodities need more evidence that economic activity will rebound, Kilduff added.

“Oil is reacting to the disease, while other assets are reacting to the cure more,” he said.

EIA on Tuesday cut its forecast for global oil demand growth to roughly 1.2 million barrels per day in 2019, down from last month’s projection of about 1.4 million bpd. OPEC and the International Energy Agency are scheduled to update their demand outlook on Thursday and Friday, respectively.

OPEC and other major producers are set to meet in the coming weeks to discuss their policy of withholding 1.2 million bpd from the market.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: tom dichristopher
Keywords: news, cnbc, companies, stockpiles, big, fall, energy, fell, prices, jump, low, crude, million, growth, demand, oil, week


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European stocks close mostly higher; Italian banks fall on EU ruling

European stocks closed mostly higher Wednesday but the rally lost steam after the EU ruled Italy was in breach of fiscal rules. Out of the major indexes, Italy’s FTSE MIB was among the worst performers amid news that the European Commission had threatened disciplinary measures on the country over its rising public debt. Italian bond yields rose and bank stocks fell shortly after the conclusion that Italy’s growing debt warrants disciplinary proceedings from the bloc. The Fed chief signaled the c


European stocks closed mostly higher Wednesday but the rally lost steam after the EU ruled Italy was in breach of fiscal rules. Out of the major indexes, Italy’s FTSE MIB was among the worst performers amid news that the European Commission had threatened disciplinary measures on the country over its rising public debt. Italian bond yields rose and bank stocks fell shortly after the conclusion that Italy’s growing debt warrants disciplinary proceedings from the bloc. The Fed chief signaled the c
European stocks close mostly higher; Italian banks fall on EU ruling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: elliot smith alexandra gibbs, elliot smith, alexandra gibbs
Keywords: news, cnbc, companies, disciplinary, higher, ruling, close, italys, eu, powell, fed, indexes, investors, banks, rose, fall, italian, stocks, european, bank, central


European stocks close mostly higher; Italian banks fall on EU ruling

The pan-European Stoxx 600 closed provisionally up 0.3%, with utilities stocks making a nearly 1.3% gain while banks were one of a handful of sectors to fall into the red, slipping 0.5%.

European stocks closed mostly higher Wednesday but the rally lost steam after the EU ruled Italy was in breach of fiscal rules.

Out of the major indexes, Italy’s FTSE MIB was among the worst performers amid news that the European Commission had threatened disciplinary measures on the country over its rising public debt. The bourse was off by 0.35%.

Italian bond yields rose and bank stocks fell shortly after the conclusion that Italy’s growing debt warrants disciplinary proceedings from the bloc. The country’s banking sector dipped almost 2%, while the yield on the 10-year bond rose to a day’s high of 2.6%.

Another main focus for investors Wednesday were recent comments from U.S. Federal Reserve Chair Jerome Powell. The Fed chief signaled the central bank was open to easing monetary policy, in comments that fueled speculation of a potential interest rate cut this year.

On Tuesday, the Fed Chair stated that the central bank would be keeping an eye on current developments in the economy, and would do what it must do, in order to “sustain the expansion. ” Powell did, however, note that the central bank could not determine when or how global trade issues would be settled.

On Wall Street, investors increased their bets the institution could lower rates soon, with the Dow Jones Industrial Average jumping almost 140 points. The S&P 500 and Nasdaq indexes were also in positive territory.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: elliot smith alexandra gibbs, elliot smith, alexandra gibbs
Keywords: news, cnbc, companies, disciplinary, higher, ruling, close, italys, eu, powell, fed, indexes, investors, banks, rose, fall, italian, stocks, european, bank, central


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GameStop stock plunges as sales fall short of estimates and its dividend is eliminated

Why Apple’s Siri isn’t as smart as Amazon Alexa and Google…Computer scientists have been working on some of their underlying technologies for more than half a century — so why can’t Apple make Siri work better? Here’s where virtual…Technologyread more


Why Apple’s Siri isn’t as smart as Amazon Alexa and Google…Computer scientists have been working on some of their underlying technologies for more than half a century — so why can’t Apple make Siri work better? Here’s where virtual…Technologyread more
GameStop stock plunges as sales fall short of estimates and its dividend is eliminated Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: emma newburger
Keywords: news, cnbc, companies, heres, technologies, sales, eliminated, gamestop, short, plunges, dividend, working, underlying, scientists, virtualtechnologyread, isnt, siri, fall, estimates, smart, stock, work


GameStop stock plunges as sales fall short of estimates and its dividend is eliminated

Why Apple’s Siri isn’t as smart as Amazon Alexa and Google…

Computer scientists have been working on some of their underlying technologies for more than half a century — so why can’t Apple make Siri work better? Here’s where virtual…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: emma newburger
Keywords: news, cnbc, companies, heres, technologies, sales, eliminated, gamestop, short, plunges, dividend, working, underlying, scientists, virtualtechnologyread, isnt, siri, fall, estimates, smart, stock, work


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Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat


U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011. Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. On the dat
Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, manufacturing, fall, war, china, session, index, data, fell, futures, dow, tariffs, nearly, trade, wang, points, shares, drop


Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop

U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend.

At around 6:52 a.m. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. Futures on the S&P 500 and Nasdaq 100 also fell. The Dow came into Monday’s session having logged in six straight weeks of losses, the index’s longest weekly slide since 2011.

Shares of Caterpillar and Boeing, two trade bellwethers of global trade, fell 2.2% and 1.1%, respectively. Alphabet shares also dropped 3% after the Justice Department is reportedly investigating the tech company for antitrust violations.

Chinese Vice Commerce Minister Wang Shouwen said in a white paper Sunday that Washington would not be able to use pressure to force a trade deal on Beijing. He also refused to say whether the leaders of both countries would meet at the G-20 summit to work out an agreement later this month.

Wang added: “The U.S. has backtracked, and when you give them an inch, they want a yard.”

The remarks from Wang follow a month of heightened trade tensions between the world’s largest economies. The U.S. hiked tariffs on $200 billion worth of Chinese goods in May. China retaliated with higher tariffs on U.S. imports.

Trade worries also rattled Wall Street last week after President Donald Trump threatened to slap a 5% charge on all imports from Mexico. The threat sent stocks tumbling on Friday.

On the data front, a final reading of manufacturing PMI (Purchasing Managers’ Index) data for May will be released at around 9:45 a.m. ET. The Institute for Supply Management (ISM) manufacturing index for May, construction spending figures for April and latest light vehicle sales data will all follow slightly later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, manufacturing, fall, war, china, session, index, data, fell, futures, dow, tariffs, nearly, trade, wang, points, shares, drop


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Here are the biggest improvements coming to your iPhone this fall

Now, Apple is introducing “Sign in with Apple” that Apple says removes all the tracking. Apple also said it won’t let apps track you with Wi-Fi and Bluetooth. In Photos, Apple is removing advanced machine learning to remove duplicates, screen shots and stuff that Apple doesn’t think matters to you the most. A new Photos app has an option called Days to create layouts of the best shots you took on each day, including live photos and video clips. For HomePod, Hand-off will now let you walk into th


Now, Apple is introducing “Sign in with Apple” that Apple says removes all the tracking. Apple also said it won’t let apps track you with Wi-Fi and Bluetooth. In Photos, Apple is removing advanced machine learning to remove duplicates, screen shots and stuff that Apple doesn’t think matters to you the most. A new Photos app has an option called Days to create layouts of the best shots you took on each day, including live photos and video clips. For HomePod, Hand-off will now let you walk into th
Here are the biggest improvements coming to your iPhone this fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: todd haselton
Keywords: news, cnbc, companies, federighi, fall, software, siri, iphone, location, let, apps, coming, biggest, photos, app, faster, apple, improvements


Here are the biggest improvements coming to your iPhone this fall

At its annual developer event on Monday, Apple announced many new features that will begin to roll out to iPhones this fall with the iOS 13 software update. Here’s a quick rundown:

Privacy updates include ‘Sign in with Apple’

If you use Google sign-in or Facebook sign-in to log in to apps, your personal data can be shared beyond those networks. Now, Apple is introducing “Sign in with Apple” that Apple says removes all the tracking. It authenticates with Face ID, logs in with a new account and doesn’t reveal new personal information, Apple said. You can choose to share your email or even hide it, and if you choose to hide it, Apple will create a random address that forwards to your real one. Apple also said it’s building in new protections for location controls, so you can share your location with an app just once and force it to ask you again next time it wants to use your location. Currently, you can give it an option to never use your location or only when the app is open. Apple also said it won’t let apps track you with Wi-Fi and Bluetooth.

Performance

Like last year, Apple put a big focus on improving performance in iOS so that everything is faster. Apple’s Craig Federighi said Apple “worked top to bottom making things faster.” Downloads and updates to apps from the App Store will be 50% smaller, apps will launch up to 2x faster and Face ID is now 30% faster, Federighi said.

Craig Federighi, Apple’s senior vice president of Software Engineering, speaks at the Apple Worldwide Developers Conference in San Jose, Calif., Monday, June 3, 2019. Jeff Chiu | AP

Dark Mode

IOS 13 supports Dark Mode, which makes all the bright areas in the user interface darker. So, instead of a white background in an app such as news, the background is black. Same goes for apps such as the calendar, Apple Notes and Messages. Dark Mode is easier on the eyes, especially at night, since your screen isn’t blaring white right into your eyes.

Swipe to type

Android and third-party keyboards have long allowed people to swipe from one letter to another to write a word, but Apple’s native keyboard has still required you to touch type. Now, you’ll be able to slide from letter to letter to type. Some people can write messages much faster this way, but it definitely takes some getting used to over time.

Apps

Apple revamped some of its apps but said its biggest changes were made to apps such as Reminders, which hasn’t been very good in the past. Now, you can type what you want, and it’ll remember where and when to remind you. Or you can tap a location to get a reminder when you get there. It also includes smart lists, which Apple says will put the most important items on your list up top. (It’s still unclear how it knows which items are most important, though.)

Maps

Apple has been using cars to get more accurate information for its Maps app, a project it’s been working on for several years. Apple said the new Maps are much more deeply detailed and that it plans to roll it out to the entire U.S. by the end of this year. There’s a new binoculars icon, Look Around, that works like Google Street View, providing a high-def 3D view of the area where you are. If you turn your phone sideways, you can move down the street, too, again just like Street View. But, with AR support, you can tap on stores to learn more about them.

Home

Apple is adding a new feature to its Home app called HomeKit Secure Video that makes the live camera feeds that are fed into your home app much more secure. You get up to 10 days of clips in your existing iCloud accounts from smart cameras that support the system, such as Logitech and Eufy.

Messages

Apple made some changes to iMessage in iOS 13. Apple said it added new features to Memoji so they look a lot more like you. You’ll be able to add things like braces, jewelry, new hair styles and colors, hats, earrings, AirPods, different glasses styles and more.

Craig Federighi, Apple’s senior vice president of Software Engineering, speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif. Marcio Jose Sanchez | AP

Camera and Photos

Apple is adding a new portrait lighting feature called “High Key Mono” and will let you control how far away the simulated lights are in a portrait photo so that the pictures look more professional. Editing photos will be easier and features more effects, too, and Apple will also let you edit videos with those effects for the first time. So, you can rotate a video, for example, or change the white balance, filters, brightness, shadows and more. In Photos, Apple is removing advanced machine learning to remove duplicates, screen shots and stuff that Apple doesn’t think matters to you the most. A new Photos app has an option called Days to create layouts of the best shots you took on each day, including live photos and video clips. Similarly, Months shows the biggest events of the month, like a trip or a birthday. Years does the same, but will highlight what happened on the day from previous years.

Siri

Siri is being improved for use on AirPods, iPhone, CarPlay and HomePod. On AirPods, Siri will read messages right to you when they come in, and you can reply, without ever touching the side of the AirPods. For HomePod, Hand-off will now let you walk into the home and tap your iPhone to transfer whatever is playing on your iPhone to HomePod. Siri will also support more than 100,000 live radio stations from places such as iHeartRadio that you can ask Siri to play. And, Siri will recognize who is talking so it can personalize a response — such as the music you want, your reminders and your notes. Apple said this year it will launch the biggest update yet to CarPlay. You can see your whole calendar, open your garage door as you approach the house, use Siri to talk to Pandora and Waze and more. Apple said it has improved how Siri sounds across all of its products. It didn’t always sound natural. With Machine Learning, Apple says Siri is now entirely generated by software and has more natural cadence and better emphasis, especially in longer or more complex sentences.

Call spam


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: todd haselton
Keywords: news, cnbc, companies, federighi, fall, software, siri, iphone, location, let, apps, coming, biggest, photos, app, faster, apple, improvements


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Mark Cuban: Workers paid by the hour are ‘always going to fall behind,’ making wealth inequality worse

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity. So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. No exceptions, because that’s the only way people are going to get any type of equity appreciation.” “300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNB


Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity. So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. No exceptions, because that’s the only way people are going to get any type of equity appreciation.” “300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNB
Mark Cuban: Workers paid by the hour are ‘always going to fall behind,’ making wealth inequality worse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: catherine clifford
Keywords: news, cnbc, companies, mark, fall, term, inequality, employees, stake, swisher, workers, worse, making, hour, told, stock, going, cuban, wealth, paid, tells, entrepreneurs


Mark Cuban: Workers paid by the hour are 'always going to fall behind,' making wealth inequality worse

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity.

“The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour…they’re always going to fall behind,” Cuban told Recode Decode with Kara Swisher at the 2019 SALT Conference in Las Vegas. “And income distribution is … [the] disparity is going to get wider and wider.”

So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. Period. End of story. No exceptions, because that’s the only way people are going to get any type of equity appreciation.”

If entrepreneurs give their employees an ownership stake in the company, then employees can reap the benefits of its success as the value of the stake grows, said Cuban, often substantially.

Uber’s first employee, Ryan Graves, for example, is now worth more than a billion dollars thanks to the company stock he got as part of his employment. And many of Cuban’s former employees became millionaires, he tells CNBC Make It.

Cuban says that he gave all his employees stock at the two companies he founded — Microsolutions, a computer consulting service he sold to Compuserve in 1990, and Broadcast.com, an online streaming service he sold to Yahoo in 1999 for almost $6 billion in stock.

“300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNBC Make It.

According to Cuban, “capitalism isn’t bad. It’s when capitalists don’t pay attention” that bad things can happen,” he told Swisher. “Our country is a lot like running a business…you can’t just look at the short term in the immediate aspect, you’ve got to look at the long term,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: catherine clifford
Keywords: news, cnbc, companies, mark, fall, term, inequality, employees, stake, swisher, workers, worse, making, hour, told, stock, going, cuban, wealth, paid, tells, entrepreneurs


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Dow futures fall 200 points after Trump announces tariffs on Mexican imports

U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped. It comes amid intensifying tensions between the U.S. and Chin


U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped. It comes amid intensifying tensions between the U.S. and Chin
Dow futures fall 200 points after Trump announces tariffs on Mexican imports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: sam meredith, eustance huang
Keywords: news, cnbc, companies, tariffs, seen, 200, dow, mexico, trade, morning, immigration, china, trump, announces, mexican, fall, imports, futures, points


Dow futures fall 200 points after Trump announces tariffs on Mexican imports

U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession.

At around 03:00 a.m. ET, Dow futures slipped 219 points, indicating a negative open of roughly 200 points. Futures on the S&P and Nasdaq were both seen slightly lower.

Market participants moved aggressively to price in deeper rate cuts by the Federal Reserve over the coming months, while the closely-watched 10-year Treasury yield dropped to lows not seen since 2017.

The U.S. benchmark was yielding 2.1783% Friday morning. It stood above 2.5% at the beginning of the month.

On Thursday evening, Trump announced the U.S. would impose a 5% tariff on all Mexican imports from June 10 until illegal immigration across the southern border was stopped.

The White House added in a statement that tariffs would be raised if the immigration issue persisted, with the charges set to increase even further if Mexico fails to take “dramatic action” to reduce or eliminate the problem.

It comes amid intensifying tensions between the U.S. and China, with the world’s two largest economies locked in a protracted trade dispute.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The biggest Chinese newspaper explicitly warned the U.S. on Wednesday that China would be prepared to cut off rare earth minerals as a countermeasure.

Chinese Vice Foreign Minister Zhang Hanhui then said Thursday that provoking trade disputes amounted to “naked economic terrorism. ”

— CNBC’s Joanna Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: sam meredith, eustance huang
Keywords: news, cnbc, companies, tariffs, seen, 200, dow, mexico, trade, morning, immigration, china, trump, announces, mexican, fall, imports, futures, points


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