Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens

Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier. Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring reven


Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier. Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring reven
Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: christina farr
Keywords: news, cnbc, companies, potentially, citizens, health, provide, revenue, wins, trackers, fitbit, supply, million, contract, thousands, solutions, population, park, singapore, hundreds, apple


Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens

Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier.

Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Customers won’t pay anything for the device, but will commit to spending $10 a month for a year of premium service, which includes guidance and one-on-one coaching.

While Fitbit grew rapidly in the hardware market in its early days, the company’s stock price has plunged more than 50% in the past year as competition has eaten into its core business. Apple has a commanding lead in the global smartwatch market and has a far bigger app ecosystem it can offer to customers, who are already using the iPhone.

Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring revenue and fatter margins. The company declined to provide specific details about how much the Singapore deal is worth, but said that it’s material to its 2019 revenues for the health solutions business, which it previously said was on track to hit $100 million. A spokesperson noted that the agreement represents more than 5% of the health solutions unit’s expected revenue for 2020.

Singapore, with a population of about 5.6 million, has a program in place to use technology “to encourage Singaporeans to adopt healthy living and affect behavior change,” said Zee Yoong Kang, CEO of the country’s Health Promotion Board, in a statement.

“We intend to work with industry innovators, such as Fitbit, on additional efforts to use technology to provide Singaporeans with personalized health advice and nudges, so that they can take control of their own health,” he said.

Like many other countries, Singapore has rising rates of diabetes and heart disease, and is looking for ways to reduce health costs by encouraging its citizens to eat healthier and exercise more regularly. The initiative with Fitbit is called Live Healthy SG.

Park told CNBC that the negotiations were “highly competitive” and that Apple was among those vying for the bid. While the Fitbit Inspire sells for well under $100, the cheapest Apple Watch starts at about three times that amount. An Apple spokesperson didn’t respond to a request for comment.

“We think this program could reach up to one million people,” said Park, indicating he sees it possibly getting to almost 20% of the population. It’s an indication “hopefully to investors and other potential customers that the transformation that we’ve talked about in our business model is becoming real,” he said.

Correction: A previous version of this story incorrectly spelled Zee Yoong Kang. This update also clarifies that the deal represents 5% of health solutions revenue for 2020.

WATCH: Fitbit CEO James Park on innovation at affordable prices


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: christina farr
Keywords: news, cnbc, companies, potentially, citizens, health, provide, revenue, wins, trackers, fitbit, supply, million, contract, thousands, solutions, population, park, singapore, hundreds, apple


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4 rules that help me save hundreds of dollars on my work wardrobe

But I have also found ways to make sure buying and maintaining clothes and shoes doesn’t have to cost a whole paycheck. Don’t: Wear work clothes outside of workAvoid mixing your work clothes and your weekend clothes, and you’ll get more wear out of your professional wardrobe. My work shoes live at work: They don’t go outside to lunch, they don’t commute, and they don’t go on vacation. Some of the author’s work shoes. My work shoes live at work: They don’t go outside to lunch, they don’t commute,


But I have also found ways to make sure buying and maintaining clothes and shoes doesn’t have to cost a whole paycheck. Don’t: Wear work clothes outside of workAvoid mixing your work clothes and your weekend clothes, and you’ll get more wear out of your professional wardrobe. My work shoes live at work: They don’t go outside to lunch, they don’t commute, and they don’t go on vacation. Some of the author’s work shoes. My work shoes live at work: They don’t go outside to lunch, they don’t commute,
4 rules that help me save hundreds of dollars on my work wardrobe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: laura edwins, aditi shrikant, lance lambert
Keywords: news, cnbc, companies, clothes, black, dont, pieces, help, tshirt, rules, price, outside, work, dollars, shoes, wear, wardrobe, hundreds, save


4 rules that help me save hundreds of dollars on my work wardrobe

Dressing the part at work can be a smart investment. Studies have found that having a put-together appearance can help boost your earnings. In my job as a senior social media editor for CNBC, I have found that the right look can also boost my performance: When I feel like I look good at work, I’m in a better mood and more willing to collaborate and speak up in meetings. But I have also found ways to make sure buying and maintaining clothes and shoes doesn’t have to cost a whole paycheck. Over the years, these four rules have helped me save hundreds of dollars on my work wardrobe:

Do: Develop a few go-to looks

High-profile leaders like former President Barack Obama, Mark Zuckerberg, and late Apple cofounder Steve Jobs have used “work uniforms” of go-to pieces and looks to streamline their morning routine and help them focus on big tasks. It’s an easy move to emulate — one that can save you time and money.

Provided by Laura Edwins

Find a few looks that work for any season, and then mix and match expensive and inexpensive pieces to create them. Some of my favorites are: A black T-shirt tucked into jeans with a black blazer

A white button-down shirt with statement jewelry and jeans or a skinny pant

A neutral dress with a fun scarf There’s lots of flexibility with all these looks, and a black T-shirt or a white button down are available at every price range. I like to buy basics like these at Old Navy where, with sales and coupons, a T-shirt is usually $10 or less.

Don’t: Wear work clothes outside of work

Avoid mixing your work clothes and your weekend clothes, and you’ll get more wear out of your professional wardrobe. It can even be smart to leave some key pieces at the office. The biggest item this applies to is shoes. My work shoes live at work: They don’t go outside to lunch, they don’t commute, and they don’t go on vacation. About three years ago I paid around $90 for a pair of black Coach flats — more than I would typically spend on a pair of shoes. Following this rule has kept them in great condition, even though there are weeks I wear them almost every day.

Some of the author’s work shoes. Provided by Laura Edwins

Do: Get savvy about laundry

Often, clothing items that say “dry clean” on the label can be cleaned at home, either by using the delicate cycle in a washing machine or by hand-washing them in the bathroom sink. Then skip the dryer in favor of line drying. To decipher laundry tag symbols and best practices for different kinds of fabric, check out guides like those from Textile Industry Affairs and Reviewed.com. Without that trick, my monthly dry-cleaning bill would likely be around $30-40. Instead, I bought a foldable drying rack for about $20, and when necessary I buy a bottle of delicate laundry detergent ($5-$20, depending on how high end I want to go).

Don’t: Buy at retail prices

There are so many opportunities to avoid paying full price. If you’re in love with a particular brand that’s available at multiple retailers, do a quick price comparison search to see if an item is available at discount or secondhand sites like Nordstrom Rack or Poshmark, or at often-affordable online retailers like Zappos and its sister site 6pm. I’ve saved hundreds of dollars on dresses and shoes over the years this way.

My work shoes live at work: They don’t go outside to lunch, they don’t commute, and they don’t go on vacation.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: laura edwins, aditi shrikant, lance lambert
Keywords: news, cnbc, companies, clothes, black, dont, pieces, help, tshirt, rules, price, outside, work, dollars, shoes, wear, wardrobe, hundreds, save


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Boeing hiring hundreds of workers to maintain parked 737 Max planes

Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. Boeing is hiring hundreds of temporary workers to help maintain its growing fleet of grounded 737 Max planes that are awaiting delivery. The company has posted job listings for a few hundred temporary workers who will help the company with 737 Max storage and maintenance at the Por


Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. Boeing is hiring hundreds of temporary workers to help maintain its growing fleet of grounded 737 Max planes that are awaiting delivery. The company has posted job listings for a few hundred temporary workers who will help the company with 737 Max storage and maintenance at the Por
Boeing hiring hundreds of workers to maintain parked 737 Max planes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: phil lebeau, michael wayland
Keywords: news, cnbc, companies, moses, 737, max, washington, planes, maintain, lake, tulsa, parked, maintenance, company, boeing, hundreds, hiring, workers


Boeing hiring hundreds of workers to maintain parked 737 Max planes

Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019.

Boeing is hiring hundreds of temporary workers to help maintain its growing fleet of grounded 737 Max planes that are awaiting delivery.

The company has posted job listings for a few hundred temporary workers who will help the company with 737 Max storage and maintenance at the Port of Moses Lake east of Seattle. Boeing will not say exactly how many employees are being hired.

Boeing is seeking “avionics technicians, aircraft mechanics, airframe and Powerant (A&P) mechanics, and aircraft electricians,” according to a company spokesman.

Since aviation regulators across the world grounded the Max in March, Boeing has continued building the planes, but not delivering them. Many are parked near Boeing’s 737 plant in Renton, Washington, but dozens of other Max models have been flown to other locations where they are parked and receive daily maintenance. One of those locations of the Port of Moses Lake, an airfield next to the Grant County International Airport in Moses Lake, Washington.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: phil lebeau, michael wayland
Keywords: news, cnbc, companies, moses, 737, max, washington, planes, maintain, lake, tulsa, parked, maintenance, company, boeing, hundreds, hiring, workers


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Labor tensions flare at American Airlines over hundreds of canceled flights

Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. American Airlines has accused the unions representing its mechanics of a purposeful work slowdown to win leverage in contract talks, which it said caused more than 900 flight cancellations over the last two months. A U.S. federal court in Texas this week issued a permanent injuncti


Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. American Airlines has accused the unions representing its mechanics of a purposeful work slowdown to win leverage in contract talks, which it said caused more than 900 flight cancellations over the last two months. A U.S. federal court in Texas this week issued a permanent injuncti
Labor tensions flare at American Airlines over hundreds of canceled flights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: leslie josephs
Keywords: news, cnbc, companies, united, mechanics, american, hundreds, contract, labor, max, airlines, canceled, flights, work, flare, southwest, workers, tensions, unions


Labor tensions flare at American Airlines over hundreds of canceled flights

Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019.

American Airlines has accused the unions representing its mechanics of a purposeful work slowdown to win leverage in contract talks, which it said caused more than 900 flight cancellations over the last two months. Now the airline wants compensation from the unions.

A U.S. federal court in Texas this week issued a permanent injunction against the mechanics unions for the slowdown that American alleged in a suit this spring. A day later, Fort Worth-based American Airlines, said it would seek damages from the unions — the Transport Workers Union of America and the International Association of Machinists and Aerospace Workers — saying they violated earlier court orders to resume usual work levels.

The unions, which represent the airline’s more than 12,000 mechanics, have denied the allegations.

The unions have caused “enormous financial losses to American, and untold harm in lost customer good will,” American said in its filing Tuesday. It said the amount would be determined at a hearing.

The cancellations and more than 200 delays of over two hours are compounding operational challenges at American, which like Southwest and United, has canceled thousands of flights since its new Boeing 737 Max planes were grounded in mid-March after two fatal crashes.

American last month said the Max grounding, which is now in its six month, and the mechanics’ dispute drove up its nonfuel costs in the second quarter by 5% from a year earlier.

The airline’s stock has trailed its closest competitors this year, falling 18% on Wednesday to a three-year low. Delta is up close to 15%, Southwest has risen more than 3% and United is down close to 3%.

“It would make no sense to not comply” with the judge’s orders to work at a regular pace, said TWU President John Samuelsen, adding that by complying “we will achieve contract justice for American Airlines workers.”

Work groups across airlines are clamoring for higher wages and better working conditions as the industry, better known for boom-and-bust cycles, heads toward its 10th consecutive year of profits.

Earlier this year, Southwest had a similar dispute with its mechanics, but later reached a contract with the group, their first in more than six years, and a higher pay raise than Southwest offered in previous rounds of negotiations.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: leslie josephs
Keywords: news, cnbc, companies, united, mechanics, american, hundreds, contract, labor, max, airlines, canceled, flights, work, flare, southwest, workers, tensions, unions


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Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival

Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy. Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses. Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constituti


Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy. Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses. Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constituti
Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12
Keywords: news, cnbc, companies, eve, slogans, indian, soura, kashmirs, holy, jammu, hundreds, chant, india, seething, antiindia, kashmiris, marching, kashmir, region, festival, muslim


Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival

Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy.

Hundreds of people protested in Kashmir’s main city of Srinagar on Sunday against India’s decision to curb its autonomy, despite new restrictions on travel and a seventh straight day of communications blackout.

Restrictions that had been temporarily eased on Friday and Saturday — allowing some bakeries, pharmacies and fruit shops to open ahead of the Muslim holy festival of Eid al-Adha — were reinstated in major parts of the city on Sunday afternoon.

Police vans drove around some areas ordering people to shut shop and go home, and most streets were silent by evening, as thousands of troops kept vigil, witnesses said.

Indian Prime Minister Narendra Modi’s government locked down the Muslim-majority region last Sunday, cutting off communications, detaining more than 300 political leaders and activists, and putting a “virtual curfew” into force with numerous roadblocks stopping movement.

Seeking to tighten its grip on the region also claimed by neighboring Pakistan, India announced last Monday that it was scrapping Jammu and Kashmir’s right to frame its own laws and allowed non-residents to buy property there.

Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses.

Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constitutional provision that India revoked last week. A swarm of women and girls in colourful headscarves followed the marching men.

“What do we want? Freedom! When do we want it? Now!” the crowd shouted, marching around the neighborhood.

Some of them held up paper banners, including one that read: “Modi, Kashmir is not your father’s property.”

India’s Home Ministry did not immediately respond to a request for comment. The demonstration in Soura followed a much larger protest in the same area on Friday, when pro-independence youths marched before being repelled by tear gas and pellets.

Leaders in Kashmir had warned of a backlash against the stripping of autonomy in a territory where militants have been fighting Indian rule for nearly 30 years, resulting in the deaths of more than 50,000 people.


Company: cnbc, Activity: cnbc, Date: 2019-08-12
Keywords: news, cnbc, companies, eve, slogans, indian, soura, kashmirs, holy, jammu, hundreds, chant, india, seething, antiindia, kashmiris, marching, kashmir, region, festival, muslim


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Hundreds of protesters sit in at Hong Kong airport to reiterate their ‘five demands’

Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday. “Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. Yet for this Hong Kong, we fight,” the flyers said according to Reuters. Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social me


Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday. “Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. Yet for this Hong Kong, we fight,” the flyers said according to Reuters. Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social me
Hundreds of protesters sit in at Hong Kong airport to reiterate their ‘five demands’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: grace shao
Keywords: news, cnbc, companies, international, demands, flyers, protesters, travel, airport, retraction, hong, hundreds, kong, sit, reiterate, terminal, passengers, according


Hundreds of protesters sit in at Hong Kong airport to reiterate their 'five demands'

Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday.

“Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. “You’ve arrived in a broken, torn-apart city, not the one you have once pictured. Yet for this Hong Kong, we fight,” the flyers said according to Reuters.

Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social media posts from demonstrators.

The massive travel hub connects the city to more than 220 global destinations and served 74.7 million passengers last year, according to the airport’s website.

Airport authorities said only departing passengers with travel documents will be allowed to enter Terminal 1 on Friday morning, as the airport braces for what protesters are describing as a three-day event. The terminal serves long-haul flights.

Online platforms such as Instagram, Telegram, Airdrop and local Hong Kong forums have become the main means of organization among protesters because they give some anonymity to users.

The demands were originally released in July, a day after a small group of protesters stormed the Hong Kong legislature:

a full withdrawal of a proposed bill that would allow Hong Kong people to be extradited to mainland China

a retraction of any characterization of the movement as a “riot”

a retraction of charges against anti-extradition protesters

an independent committee to investigate the Hong Kong police’s use of force

universal suffrage in elections for the city’s chief executive officer and legislature by 2020

So far, Hong Kong authorities have given no concessions, though Chief Executive Carrie Lam “suspended” the extradition bill last month.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: grace shao
Keywords: news, cnbc, companies, international, demands, flyers, protesters, travel, airport, retraction, hong, hundreds, kong, sit, reiterate, terminal, passengers, according


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Huawei’s US research arm Futurewei to lay off hundreds of workers

A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees. The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. techn


A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees. The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. techn
Huawei’s US research arm Futurewei to lay off hundreds of workers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: lauren feiner
Keywords: news, cnbc, companies, technologies, layoffs, worker, futurewei, huawei, workers, usbased, universities, research, lay, huaweis, arm, vina, work, hundreds, blacklist


Huawei's US research arm Futurewei to lay off hundreds of workers

A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019.

The U.S.-based research arm of China’s Huawei Technologies — Futurewei Technologies — announced worker layoffs on Monday, according to two Futurewei employees.

The layoffs come about two months after the U.S. government put Huawei on a trade blacklist, making it illegal for its U.S. subsidiary to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. technology companies.

Futurewei was set up in part to work closely with U.S. universities and researchers.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: lauren feiner
Keywords: news, cnbc, companies, technologies, layoffs, worker, futurewei, huawei, workers, usbased, universities, research, lay, huaweis, arm, vina, work, hundreds, blacklist


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Huawei reportedly plans to lay off hundreds of employees in the US

Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. The blacklist has hit Huawei hard. President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do bus


Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. The blacklist has hit Huawei hard. President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do bus
Huawei reportedly plans to lay off hundreds of employees in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-14  Authors: spencer kimball
Keywords: news, cnbc, companies, plans, reportedly, journal, security, hundreds, employees, business, national, hit, lay, companies, restrictions, trump, huawei, long


Huawei reportedly plans to lay off hundreds of employees in the US

The layoffs are expected to hit Huawei’s U.S. development subsidiary Futurewei, according to the Journal. Futurewei employs 850 people in research labs throughout the U.S., including Texas, California and Washington state. Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. Although the exact number of layoffs was unclear, a person familiar with the matter told the Journal that hundreds of people were expected to lose their jobs.

The Trump administration declared a national emergency in May over threats to national security and the Commerce Department added Huawei to a blacklist, which effectively bars U.S. companies from doing business with Huawei unless they receive special permission from Commerce.

The blacklist has hit Huawei hard. CEO and founder Ren Zhengfei said the company expects a $30 billion hit over the next couple years due to the U.S. restrictions. Huawei also recently announced that it was scrapping a new laptop.

President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. That concession came as part of a truce reached by Trump and Chinese President Xi Jinping at the G-20 in Japan last month to restart trade talks and avoid further escalation for now.

White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do business with Huawei so long as their are no national security concerns.

Read the full story in The Wall Street Journal


Company: cnbc, Activity: cnbc, Date: 2019-07-14  Authors: spencer kimball
Keywords: news, cnbc, companies, plans, reportedly, journal, security, hundreds, employees, business, national, hit, lay, companies, restrictions, trump, huawei, long


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Suze Orman: Why you should start investing in your 20s

“The key to your financial freedom in the future is investing when you are young,” Suze Orman, personal finance expert, best-selling author of “Women & Money” and host of the “Women and Money” podcast, tells CNBC Make It. That’s because with compound interest, any interest accrued then earns interest on itself. “You think, ‘I don’t have to invest, I’m young,'” Orman says. If you start investing $100 per month at age 35, though, you’d only have around $300,000 by the time you reach age 65. “Hundr


“The key to your financial freedom in the future is investing when you are young,” Suze Orman, personal finance expert, best-selling author of “Women & Money” and host of the “Women and Money” podcast, tells CNBC Make It. That’s because with compound interest, any interest accrued then earns interest on itself. “You think, ‘I don’t have to invest, I’m young,'” Orman says. If you start investing $100 per month at age 35, though, you’d only have around $300,000 by the time you reach age 65. “Hundr
Suze Orman: Why you should start investing in your 20s Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: emmie martin
Keywords: news, cnbc, companies, suze, start, month, women, investing, invest, orman, age, young, money, interest, hundreds, 20s


Suze Orman: Why you should start investing in your 20s

“The key to your financial freedom in the future is investing when you are young,” Suze Orman, personal finance expert, best-selling author of “Women & Money” and host of the “Women and Money” podcast, tells CNBC Make It.

“I would much rather see you invest a specific amount of money when you are young, a lesser amount of money, than waiting and have to invest five or six times [as much] when you are older,” she says.

That’s because with compound interest, any interest accrued then earns interest on itself. So the earlier you start, the more your money will grow.

Orman gives the example of a 25-year-old who invests $100 a month in a Roth IRA for 40 years and earns a 12% average annual return. When that person retires at age 65, their investment will be worth just over $1 million.

But not everyone starts putting money away in their 20s. “You think, ‘I don’t have to invest, I’m young,'” Orman says.

If you start investing $100 per month at age 35, though, you’d only have around $300,000 by the time you reach age 65. “Those 10 years just cost you $700,000,” Orman points out.

“How much would you have to be investing later on to make up for that?” she says. “Hundreds and hundreds and hundreds of dollars a month.”


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: emmie martin
Keywords: news, cnbc, companies, suze, start, month, women, investing, invest, orman, age, young, money, interest, hundreds, 20s


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Facebook deletes hundreds of fake accounts ahead of Indian elections

Facebook deletes hundreds of fake accounts ahead of Indian elections2:11 PM ET Tue, 2 April 2019Alex Stamos, former Facebook chief security officer, joins ‘The Exchange’ to discuss how Facebook and other social media platforms could fight disinformation on their platforms and weighs in on what regulation could be done.


Facebook deletes hundreds of fake accounts ahead of Indian elections2:11 PM ET Tue, 2 April 2019Alex Stamos, former Facebook chief security officer, joins ‘The Exchange’ to discuss how Facebook and other social media platforms could fight disinformation on their platforms and weighs in on what regulation could be done.
Facebook deletes hundreds of fake accounts ahead of Indian elections Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-02
Keywords: news, cnbc, companies, elections, security, ahead, deletes, accounts, platforms, weighs, stamos, hundreds, indian, officer, media, fake, joins, facebook, regulation, social


Facebook deletes hundreds of fake accounts ahead of Indian elections

Facebook deletes hundreds of fake accounts ahead of Indian elections

2:11 PM ET Tue, 2 April 2019

Alex Stamos, former Facebook chief security officer, joins ‘The Exchange’ to discuss how Facebook and other social media platforms could fight disinformation on their platforms and weighs in on what regulation could be done.


Company: cnbc, Activity: cnbc, Date: 2019-04-02
Keywords: news, cnbc, companies, elections, security, ahead, deletes, accounts, platforms, weighs, stamos, hundreds, indian, officer, media, fake, joins, facebook, regulation, social


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