US companies are canceling investment into China at a faster clip, survey shows

However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. Just over half of the surve


However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. Just over half of the surve
US companies are canceling investment into China at a faster clip, survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: evelyn cheng
Keywords: news, cnbc, companies, canceling, tariffs, clip, shows, companies, investment, trade, china, respondents, report, faster, american, local, foreign, survey


US companies are canceling investment into China at a faster clip, survey shows

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images) MARK RALSTON | AFP | Getty Images

Some American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses. That’s according to a survey released by the American Chamber of Commerce in Shanghai on Wednesday. More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination. The research, conducted in partnership with PwC, surveyed 333 members of the American Chamber of Commerce in Shanghai. It was conducted from June 27 to July 25 — during the period when U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks, and before the latest escalation in retaliatory tariffs. U.S. firms in the mainland also said restrictions to accessing the local market have made it difficult for them to carry out their business, the report said. Asked about the best possible scenarios in ongoing trade negotiations, more than 40% of respondents said greater access to the domestic market would be the most important outcome to help their businesses succeed. That was followed by more than 28% that ranked improved intellectual property protection as key. The third most hoped-for outcome of the trade talks was “increased purchases of U.S. goods,” at 14.3%, the survey showed. That’s in contrast to the Trump administration’s latest efforts to pressure China into buying more American products, especially in agriculture.

Barred from market access

One of the longstanding complaints U.S. companies have about operating in China is that many industries are closed to foreign businesses. In the sectors that are open, it is difficult to compete with state-owned enterprises or privately owned companies that may benefit from local connections or policies, they say. Allegations of forced transfer of critical technology to Chinese partners and lack of intellectual property protection are just some of the challenges U.S. businesses cite for operating in China. The latest AmCham survey found accessing the local market remained one of the key problems companies faced, with more than half the respondents — or 56.4% — saying that obtaining licenses was not easy.

Still, with no sign of a trade agreement, 2019 will be a difficult year; without a trade deal, 2020 may be worse. AmCham Shanghai and PwC survey

By industry, the one that most sought improved market access was the banking, finance and insurance sector. The high 81% of respondents in that sector seeking a better business environment contrasts with Beijing’s announcements in the last 18 months that it will be relaxing foreign ownership rules in the financial sector. Some measures include allowing majority foreign ownership of a local securities venture and increased foreign ownership of local stocks. However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey.

Tariffs hurting US firms

The U.S. business presence in China remains strong, with American companies and their affiliates raking in more than $450 billion in sales in the Asian country, according to an August report from research firm Gavekal Dragonomics. The analysis also pointed out that sales figure is more than twice the value of U.S. exports of goods and services to China. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. If Washington were to impose all the duties as threatened, essentially all Chinese goods exported to the U.S. will be subject to tariffs by the end of the year. In response to the increasing American duties, Beijing has countered with tariffs of its own on U.S. exports to China.

Just over half of the survey respondents said revenue has decreased as a result of the increased tariffs. One third of them attributed a drop of between 1% and 10% of revenue to the higher duties. Overall profitability did not decline in 2018, the report said. But more respondents said revenue and margins declined last year, especially compared with operations in other countries. Pessimism levels shot up by 14 percentage points to about 21% — respondents felt less optimistic about the outlook for 2019 due in part to a slowing domestic economy.

Bright spots remain in China

The survey, however, did find some areas of optimism among respondents in China. The pharmaceuticals, medical devices and life sciences category ranked among the industries with the most respondents reporting revenue growth last year. That sector also came in second among those most optimistic about 2019. The AmCham report said the positive outlook was “likely due to government policy changes, including accelerated approvals of foreign drugs.” More than two-thirds of companies in food and agriculture planned to increase investment in 2019, the most of any industry, the report said. Retail and consumer companies also intended to invest more in China, especially in smaller cities where many analysts still see a major growth opportunity. However, businesses are getting ready for a drawn out trade war between the two economic giants. Of those surveyed, 35% expect trade tensions to continue for another 1 to 3 years, while nearly 13% say it will go on for 3 to 6 years. About 17%, however, were even more pessimistic, and predict that the trade conflict will drag on indefinitely. The report added: “Still, with no sign of a trade agreement, 2019 will be a difficult year; without a trade deal, 2020 may be worse.”


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: evelyn cheng
Keywords: news, cnbc, companies, canceling, tariffs, clip, shows, companies, investment, trade, china, respondents, report, faster, american, local, foreign, survey


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JP Morgan takes on Stripe and Square with faster payments for merchants

J.P. Morgan Chase wants to disrupt the fintech disruptors. The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.” The feature, available to some users already a


J.P. Morgan Chase wants to disrupt the fintech disruptors. The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.” The feature, available to some users already a
JP Morgan takes on Stripe and Square with faster payments for merchants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: hugh son
Keywords: news, cnbc, companies, wepay, morgan, merchants, stripe, clerico, yearend, square, weekend, wants, bank, faster, takes, weekends, payments, payment


JP Morgan takes on Stripe and Square with faster payments for merchants

J.P. Morgan Chase wants to disrupt the fintech disruptors.

The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017.

“With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Clerico said in a telephone interview. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.”

The feature, available to some users already and spreading to all of its platforms by year-end, eases a cash bottleneck faced by many businesses.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: hugh son
Keywords: news, cnbc, companies, wepay, morgan, merchants, stripe, clerico, yearend, square, weekend, wants, bank, faster, takes, weekends, payments, payment


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3 tips to help you pay off student loans faster and save money

Paying off your federal student loans can take 10-25 years, depending on which repayment plan you’re using. Certain strategies can help you speed things up and zero out your student loans faster — and help you save money in the process. Begin making payments during your grace periodIf you can afford to begin making payments as soon as you graduate, start chipping away at your student loans during your grace period. Companies like Aetna, Chegg, and Fidelity offer their employees anywhere from $1,


Paying off your federal student loans can take 10-25 years, depending on which repayment plan you’re using. Certain strategies can help you speed things up and zero out your student loans faster — and help you save money in the process. Begin making payments during your grace periodIf you can afford to begin making payments as soon as you graduate, start chipping away at your student loans during your grace period. Companies like Aetna, Chegg, and Fidelity offer their employees anywhere from $1,
3 tips to help you pay off student loans faster and save money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: ivana pino, aditi shrikant, myelle lansat
Keywords: news, cnbc, companies, period, making, help, grace, tips, save, payments, money, student, pay, faster, begin, loan, loans


3 tips to help you pay off student loans faster and save money

Paying off your federal student loans can take 10-25 years, depending on which repayment plan you’re using. That is, if you stick to the schedule. Certain strategies can help you speed things up and zero out your student loans faster — and help you save money in the process. Here are three to consider:

1. Begin making payments during your grace period

If you can afford to begin making payments as soon as you graduate, start chipping away at your student loans during your grace period. That’s the period of time between when you graduate and when you’re required to begin repayment on your loans. It can last six months to up to a year, depending on which loans you have. “A lot of people don’t realize that a grace period doesn’t mean your interest won’t grow during that time,” says Carolyn McClanahan, a certified financial planner with Life Planning Partners in Jacksonville, Florida. “If you can begin making payments during your grace period, that will save you money.” The earlier you can begin making payments, the less interest that will accrue on that balance, and the less you’ll pay over time: You could save thousands of dollars over the life of your loan. Read more: 3 smart ways to make the most of your student loan grace period

If you can begin making payments during your grace period, that will save you money. Carolyn McClanahan certified financial planner

2. Tap into your employee benefits

Only around 8% of large employers contribute to student loan financial aid programs — although that’s double the percentage that were doing so just a few years ago, according to data from the Society for Human Resource Management. This perk can be valuable, though. Companies like Aetna, Chegg, and Fidelity offer their employees anywhere from $1,000-$10,000 per year toward their student loan payments. When you’re reviewing your employee benefits package, see if your employer offers any student loan repayment help, such as programs that match your student loan payments or offer you a set amount to put toward your loans. Not only will this save you money over time, but it will also give you room in your budget to pay down debt while saving for other goals like a mortgage or retirement. Read more: 5 companies that could help you pay off your student loans

3. Up your payments by just $25


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: ivana pino, aditi shrikant, myelle lansat
Keywords: news, cnbc, companies, period, making, help, grace, tips, save, payments, money, student, pay, faster, begin, loan, loans


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American tries to woo business travelers with better seats and faster airport screening

American Airlines is courting international business travelers with priority treatment on the ground as the airline aims to bring in more revenue from the lucrative passengers. These passengers traveling under corporate contracts will also be prioritized during disruptions such as weather or other operational problems. American rolled out those perks in April for corporate travelers booked on American flights. The airline is also planning to allow corporate travelers to book a preferred seat on


American Airlines is courting international business travelers with priority treatment on the ground as the airline aims to bring in more revenue from the lucrative passengers. These passengers traveling under corporate contracts will also be prioritized during disruptions such as weather or other operational problems. American rolled out those perks in April for corporate travelers booked on American flights. The airline is also planning to allow corporate travelers to book a preferred seat on
American tries to woo business travelers with better seats and faster airport screening Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: leslie josephs
Keywords: news, cnbc, companies, woo, airport, travelers, business, corporate, passengers, american, seats, perks, max, screening, airlines, preferred, priority, faster, revenue, tries, better


American tries to woo business travelers with better seats and faster airport screening

American Airlines is courting international business travelers with priority treatment on the ground as the airline aims to bring in more revenue from the lucrative passengers.

American is extending perks like free access to preferred seats, those toward the front of the coach cabin that generally carry a fee, and priority access for airport security lines, ticket counters and boarding for passengers booked through American on its trans-Atlantic partner airlines British Airways, Finnair and Spain’s Iberia.

These passengers traveling under corporate contracts will also be prioritized during disruptions such as weather or other operational problems. American has been grappling with a host of cancellations this summer from storms, the worldwide grounding of the Boeing 737 Max and what it has called an “illegal work slowdown” by the unions representing its mechanics.

American rolled out those perks in April for corporate travelers booked on American flights. The airline is also planning to allow corporate travelers to book a preferred seat on its website and app.

The moves are part of a battle between carriers for important corporate customers, who are generally willing to pay more to book close to the date of travel. American lost some market share to competitors after the Max was grounded in mid-March but bounced back in the middle of the second quarter, the airline’s head of revenue management, Don Casey, said on an earnings call last month.

Since regulators grounded the Max planes after a crash in Indonesia in October and another in Ethiopia in March, airlines have been trying to find ways to protect high-paying corporate travelers’ trips by consolidating flights on key business routes.

“On a year-over-year basis, there hasn’t been a very material change in the completion factor for corporate customers,” Casey said American’s call in July. “So, we’ve done a good job of figuring out … what to cancel.”

WATCH: The U.S. hasn’t had a fatal commercial plane crash in 10 years. Here’s why


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: leslie josephs
Keywords: news, cnbc, companies, woo, airport, travelers, business, corporate, passengers, american, seats, perks, max, screening, airlines, preferred, priority, faster, revenue, tries, better


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You don’t need to buy a 5G phone, and probably won’t for a few years

You’ve probably heard about 5G, the new and faster wireless networks that Verizon, AT&T, T-Mobile and Sprint are beginning to activate around the U.S. right now. But, if you’re buying a new phone, or even considering waiting for Apple’s new iPhones in September, you don’t need to worry about 5G just yet. But 5G also won’t be widespread very soon. Currently, the carriers only have small pockets of 5G networks that don’t do much other than promise faster data speeds when you’re in the right area.


You’ve probably heard about 5G, the new and faster wireless networks that Verizon, AT&T, T-Mobile and Sprint are beginning to activate around the U.S. right now. But, if you’re buying a new phone, or even considering waiting for Apple’s new iPhones in September, you don’t need to worry about 5G just yet. But 5G also won’t be widespread very soon. Currently, the carriers only have small pockets of 5G networks that don’t do much other than promise faster data speeds when you’re in the right area.
You don’t need to buy a 5G phone, and probably won’t for a few years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: todd haselton
Keywords: news, cnbc, companies, 5g, tmobile, youre, probably, sprint, speeds, phone, dont, buy, faster, right, need, wont, itll


You don't need to buy a 5G phone, and probably won't for a few years

You’ve probably heard about 5G, the new and faster wireless networks that Verizon, AT&T, T-Mobile and Sprint are beginning to activate around the U.S. right now.

But, if you’re buying a new phone, or even considering waiting for Apple’s new iPhones in September, you don’t need to worry about 5G just yet.

Pay attention to it – 5G is important – but you can ignore buying into the hype right now.

The 5G service is going to be great. It’ll give you faster data speeds, which means you’ll be able to download high-resolution movies in just seconds, instead of minutes. Higher res video chats will work everywhere. It’ll help connect smart cities so self-driving cars will know if there’s an accident on the road, or to slam on the brakes if someone is running a red light. It’ll change how we get TV and internet at home and will touch almost every industry, and the true benefits probably won’t be known until it’s fully deployed and developers show us what we can do on our phones and other gadgets with faster speeds.

But 5G also won’t be widespread very soon.

Verizon’s CEO, Hans Vestberg, told CNBC on Thursday that his company’s network will reach half of the U.S. by 2020. AT&T and T-Mobile have promised nationwide coverage by the same time, but that’s if they stay on schedule. (T-Mobile is awaiting final approval to merge with Sprint, which it says will help it compete in 5G.) Currently, the carriers only have small pockets of 5G networks that don’t do much other than promise faster data speeds when you’re in the right area. And only a few phone makers — Samsung is the largest — are selling 5G phones today.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: todd haselton
Keywords: news, cnbc, companies, 5g, tmobile, youre, probably, sprint, speeds, phone, dont, buy, faster, right, need, wont, itll


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How Amazon uses 18-wheelers to transfer heavy data loads to the cloud

Moving petabytes of data to a cloud like Amazon Web Services or Microsoft Azure just by sending it out over the internet can take years. So the cloud providers have come up with special-purpose hardware that can be filled up with data and then mailed to the cloud vendors for much faster migration. Using this equipment can save money, too, because moving data over a network in the usual way can get expensive. AWS wound up announcing its Snowmobile 18-wheel truck for this exact purpose in 2016. No


Moving petabytes of data to a cloud like Amazon Web Services or Microsoft Azure just by sending it out over the internet can take years. So the cloud providers have come up with special-purpose hardware that can be filled up with data and then mailed to the cloud vendors for much faster migration. Using this equipment can save money, too, because moving data over a network in the usual way can get expensive. AWS wound up announcing its Snowmobile 18-wheel truck for this exact purpose in 2016. No
How Amazon uses 18-wheelers to transfer heavy data loads to the cloud Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jordan novet jeniece pettitt andrew evers, jordan novet, jeniece pettitt, andrew evers
Keywords: news, cnbc, companies, yetaws, data, amazon, snowmobile, aws, moving, truck, faster, uses, cloud, transfer, wound, 18wheelers, loads, heavy


How Amazon uses 18-wheelers to transfer heavy data loads to the cloud

Moving petabytes of data to a cloud like Amazon Web Services or Microsoft Azure just by sending it out over the internet can take years. Some companies would rather not wait that long. So the cloud providers have come up with special-purpose hardware that can be filled up with data and then mailed to the cloud vendors for much faster migration. Using this equipment can save money, too, because moving data over a network in the usual way can get expensive.

One business with big data, DigitalGlobe — a subsidiary of Maxar Technologies, came up with a more radical idea. It had AWS send over a truck over for faster delivery. AWS wound up announcing its Snowmobile 18-wheel truck for this exact purpose in 2016. None of AWS’ cloud competitors have followed suit — yet.

AWS recently showed CNBC one of its Snowmobile trucks, along with its ruggedized Snowmobile data-storage boxes. AWS executive Bill Vass told CNBC that the Snowmobile is seeing adoption from cybersecurity, government and media customers. Watch the video to learn more.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jordan novet jeniece pettitt andrew evers, jordan novet, jeniece pettitt, andrew evers
Keywords: news, cnbc, companies, yetaws, data, amazon, snowmobile, aws, moving, truck, faster, uses, cloud, transfer, wound, 18wheelers, loads, heavy


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Ron Insana: Digitize the dollar faster and end the frenzy for fake money

To the Treasury Department and the Federal Reserve: Please formally digitize the dollar and put an end to all this crypto-craziness. We have a token that already is a medium of exchange, storehouse of value and unit of account. They are not backed by anything, despite the complaints of crypto-enthusiasts who decry the use of fiat money. There are no currencies, save for those of failed states, that have less “backing” than bitcoin, Libra, ethereum, etc. (A record $13 trillion of global sovereign


To the Treasury Department and the Federal Reserve: Please formally digitize the dollar and put an end to all this crypto-craziness. We have a token that already is a medium of exchange, storehouse of value and unit of account. They are not backed by anything, despite the complaints of crypto-enthusiasts who decry the use of fiat money. There are no currencies, save for those of failed states, that have less “backing” than bitcoin, Libra, ethereum, etc. (A record $13 trillion of global sovereign
Ron Insana: Digitize the dollar faster and end the frenzy for fake money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: ron insana
Keywords: news, cnbc, companies, insana, money, digitize, ron, debt, end, dollar, yield, pay, department, bitcoin, trillion, frenzy, faster, making, libra, fake, treasury


Ron Insana: Digitize the dollar faster and end the frenzy for fake money

To the Treasury Department and the Federal Reserve: Please formally digitize the dollar and put an end to all this crypto-craziness.

This bitcoin BS and Libra lunacy should stop.

We have a token that already is a medium of exchange, storehouse of value and unit of account. It’s called the dollar. And, quite frankly, it’s already largely been digitized.

How often does payroll department drop by your desk and leave a check?

Hardly ever anymore. Your pay is directly deposited into your bank account form which you may sometimes withdraw cash or coin.

More often than not, you use a debit/credit card to buy goods and services or pay your bills by automatic electronic transfer. That’s digital design.

The world doesn’t need a new currency, crypto or otherwise, to replace the U.S. dollar.

It’s true that the cost of all financial transactions needs to come down and that more efficiencies are needed to speed up transaction times.

Cryptocurrencies are not created more quickly than dollars. They are not backed by anything, despite the complaints of crypto-enthusiasts who decry the use of fiat money. There are no currencies, save for those of failed states, that have less “backing” than bitcoin, Libra, ethereum, etc.

The U.S. dollar is backed by not just a $20 trillion economy, but by the assets owned by the U.S. government and by Treasury securities that carry a positive yield, making U.S. debt a haven for investors seeking a return on cash.

(A record $13 trillion of global sovereign debt carries a negative yield, again, making the dollar, and dollar-denominated assets, an attractive place in which to invest.)


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: ron insana
Keywords: news, cnbc, companies, insana, money, digitize, ron, debt, end, dollar, yield, pay, department, bitcoin, trillion, frenzy, faster, making, libra, fake, treasury


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Microsoft says its Teams app is bigger than Slack and growing faster

Tobias Schwarz | AFP | Getty ImagesMicrosoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. Using email properlySince March 2017, Microsoft has included Teams i


Tobias Schwarz | AFP | Getty ImagesMicrosoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. Using email properlySince March 2017, Microsoft has included Teams i
Microsoft says its Teams app is bigger than Slack and growing faster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jordan novet
Keywords: news, cnbc, companies, office, growing, users, microsoft, app, jha, business, email, group, bigger, faster, slack, team, teams


Microsoft says its Teams app is bigger than Slack and growing faster

Microsoft CEO Satya Nadella speaks at a fireside chat with the CEO of German carmaker Volkswagen (unseen) where they unveiled their cooperation for the Volkswagen Automotive Cloud in Berlin on February 27, 2019. Tobias Schwarz | AFP | Getty Images

Microsoft’s answer to the trendy team chat app Slack has exceeded Slack in regular usage after only two years on the market. On Thursday the company revealed a statistic it had previously kept to itself: The Teams service has more than 13 million daily active users, which puts it ahead of Slack’s last reported number of 10 million daily users in the three months that ended on Jan. 31. On a weekly basis, Teams has 19 million active users. Slack, whose app became publicly available in 2014, no longer discloses that figure; in 2017 it said there were 9 million weekly active Slack users. A chart Microsoft released suggests that Teams is growing faster than Slack in terms of daily users, despite being larger. The success of Teams, at least in relation to Slack, is an example of how Microsoft can make hits out of young products just by distributing it to its large collection of existing customers. The company has done this in the past with software like Internet Explorer in Windows and SharePoint in Office. In addition, teams is part of the Commercial Cloud category that investors watch closely; in the most recent quarter Microsoft’s Commercial Cloud revenue grew 41%. Shares of Slack haven’t ended any day higher than the $38.62 closing price on the day of the company’s market debut, June 20.

Using email properly

Since March 2017, Microsoft has included Teams in companies’ subscriptions to the Office 365 bundle of productivity software at no additional charge. In Teams, people can make calls and exchange messages with teammates, and work on Word and Excel files without switching to different applications. Later in 2017, Microsoft introduced a software bundle called Microsoft 365, which includes Windows 10, Office 365 subscription-based productivity apps and mobility and security tools. “Teams, I think, is a canonical example of the flagship of the Microsoft 365 product, which is person-centered, customer-centered,” said Rajesh Jha, Microsoft’s executive vice president for experiences and devices, and the person responsible for Office at the company. “You select the group that you’re doing a project in or you’re working with, and all the tools and the applications and the context all comes to you there.” Microsoft uses it internally, too — including the senior leadership team that includes Jha alongside CEO Satya Nadella and finance chief Amy Hood. “We’ve got a Teams group, and not only are our meetings and our chats integrated in there, but our business dashboards, our shared documents or any other business process that we interact with is all in that same context of the Teams scaffolding,” Jha said. One such business process, he said, is a playbook for business continuity that Microsoft’s IT team built. Nadella is all about having Microsoft operate as one company, a conscious break against its historical tendency to break into warring silos, Jha said. So instead of having many one-on-one conversations, Nadella meets with Jha and the others on the senior leadership team for hours every Friday. This is reflected in how the group uses Teams. Jha said the group uses “less DMs [direct messages between individuals] and much more group messaging, much more shared context in the documents and business dashboard.” He added that he communicates with the leaders in his team in a similar fashion. Jha said he personally prefers Teams to email — he particularly appreciates the ability to react to messages through emojis in a more lightweight fashion than one can over email — although he also oversees Microsoft’s popular email programs, including Exchange and Outlook.

Microsoft

He said Teams has helped email get used for the right things inside Microsoft. In certain contexts Jha is seeing less email communication, although he stopped short of saying he’s getting less email altogether after adopting Teams. “When I talk to customers or partners, or when I’m not logically in kind of a group with people where there’s sporadic, intermittent interaction, email is still the tool. But when I’m in the senior leadership team or my leadership team, or I’m in some project that’s about to launch in those groups, rather than going back and forth in email, it’s much more efficient to have the chats, the transcripts of meetings we’ve been in, the dashboards, the files, all of that in one place,” Jha said. The Teams user base even includes Microsoft co-founder and board member Bill Gates. “He’s a big email guy, but he’s started to use Teams as well,” Jha said. “It’s good to see that.”

Read receipts and a ‘priority notifications’ feature


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jordan novet
Keywords: news, cnbc, companies, office, growing, users, microsoft, app, jha, business, email, group, bigger, faster, slack, team, teams


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83% of non-homeowners say student loans are the reason they can’t afford to buy

And for many, student loan debt might be to blame. In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ” But for the 2017-2018 school year, that average had risen to $9,9


And for many, student loan debt might be to blame. In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ” But for the 2017-2018 school year, that average had risen to $9,9
83% of non-homeowners say student loans are the reason they can’t afford to buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, nonhomeowners, 83, loan, times, afford, school, cant, buy, say, increase, reason, lulic, student, faster, debt, loans, report


83% of non-homeowners say student loans are the reason they can't afford to buy

Fewer young people are buying houses than their parents and grandparents did at the same age. And for many, student loan debt might be to blame.

In its 2019 Home Affordability Report, home co-investment company Unison found that 83% of non-homeowners said student debt is the reason they can’t afford to buy a home right now. Generally, they’re delaying buying a house by around seven years because of it, the report found.

That’s especially true for millennials: “A recent study by the Federal Reserve found that every $1,000 increase in student loan debt causes a 1 to 2 percentage point drop in the homeownership rate for student loan borrowers during their late twenties and early thirties, ” Miron Lulic, founder and CEO of financial comparison site SuperMoney, tells CNBC Make It.

It’s not surprising, given the rising cost of higher education. “Student loans are the fastest growing source of debt for U.S. households,” Lulic says. “Since 2007, student loan debt has grown three times faster than auto loans and 150 times faster than mortgages. ”

For the 1987-1988 school year, students at public four-year institutions paid an average of $3,190 in tuition, according to College Board’s “Trends in College Pricing 2017” report. But for the 2017-2018 school year, that average had risen to $9,970 — a nearly 213% increase.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, nonhomeowners, 83, loan, times, afford, school, cant, buy, say, increase, reason, lulic, student, faster, debt, loans, report


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The future of connectivity: Introducing Wi-Fi 6

The future for homes, business and many public places will be using a different technological innovation: Wi-Fi 6. As of March this year, nearly 57% of the world’s population is connected to the internet, according to Internet World Stats. The future of digital connectivity is seen as an important strategic asset, and many countries — especially including China and the U.S. — are competing for control. As for how the next version of Wi-Fi fits into the equation, Tan said it will work in conjunct


The future for homes, business and many public places will be using a different technological innovation: Wi-Fi 6. As of March this year, nearly 57% of the world’s population is connected to the internet, according to Internet World Stats. The future of digital connectivity is seen as an important strategic asset, and many countries — especially including China and the U.S. — are competing for control. As for how the next version of Wi-Fi fits into the equation, Tan said it will work in conjunct
The future of connectivity: Introducing Wi-Fi 6 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: grace shao
Keywords: news, cnbc, companies, networks, data, connectivity, tan, 5g, world, introducing, faster, future, worlds, internet, wifi


The future of connectivity: Introducing Wi-Fi 6

JJD | Cultura RM | Getty Images

Most have heard about 5G, the soon-to-be-adopted standard for mobile data. But that’s just half of the picture for the next generation of high-speed internet. The future for homes, business and many public places will be using a different technological innovation: Wi-Fi 6. The combination of that new wireless tech and 5G will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and chief of operations at Cisco. The new internet technology will be a huge speed boost to the existing Wi-Fi and it will allow users to access the internet in congested areas without compromising the battery life of their devices. As of March this year, nearly 57% of the world’s population is connected to the internet, according to Internet World Stats. The future of digital connectivity is seen as an important strategic asset, and many countries — especially including China and the U.S. — are competing for control.

Countries are fighting each other over cellular equipment for wireless carriers around the globe, and companies are going head-on in competition to deliver the faster networks for consumers. As for how the next version of Wi-Fi fits into the equation, Tan said it will work in conjunction with the new and improved data networks. “Service providers will want to be able to offload peak traffics on 5G, onto Wi-Fi 6 in order to remove congestion … and create a seamless experience for customers,” he explained. Tan added that the main difference between 5G and Wi-Fi 6 compared to the current networks is the ability to upgrade “experiences such as industrial automation, autonomous vehicles, virtual reality, (and) augmented reality capabilities.”

Adaption of the technology

The need for wider bandwidth and faster internet speed is a response to the world’s growing demand for connectivity. The newest generation of Wi-Fi technology is reportedly set to launch in late 2019 and is set to not only transform experiences for consumers but also institutions. One of the most significant applications for the new standard will be the so-called Internet of Things. That will connect physical devices — such as home appliances and cars — to the internet, allowing them to talk with each other and for users to control everything seamlessly. The faster internet will enable “very advanced IoT applications,” Tan projected. And all of that, according to the Cisco exec, will mean more internet usage than ever before: “We anticipate that, by 2022, the amount of traffic generated in the single year will represent the entire last 32 years of the internet combined.”

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Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: grace shao
Keywords: news, cnbc, companies, networks, data, connectivity, tan, 5g, world, introducing, faster, future, worlds, internet, wifi


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