Monthly Archives: September 2021

Fourth student loan servicer quits ‘broken’ system

Major student loan servicer Navient (NAVI) is quitting the federal servicing business, the company announced Tuesday, handing off its 5.5 million borrowers holding about $280 billion in federal student loans to Maximus, another servicer. Advocates and progressive lawmakers led by Senator Elizabeth Warren (D-MA) heralded the move, in light of Navient’s troubled relationship with the federal government’s consumer protection bodies.  But the departure adds another challenge when the Education… Source link

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Google tells court ‘staggering’ $5 bln EU antitrust fine flawed

Google urges EU court to scrap or cut record fine EU regulators say fine is significantly below cap LUXEMBOURG, Sept 30 (Reuters) – A 4.34 billion euro ($5 billion) European Union antitrust fine was based on flawed calculations, Alphabet’s (GOOGL.O) Google said on Thursday, urging Europe’s second-highest court to scrap or reduce what it said was not an appropriate penalty. Google was fined for using its Android mobile operating system to thwart rivals and cement its dominance in general… Source link

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Crypto ‘needs adults in the room,’ should embrace regulation before crisis hits

As regulators circle cryptocurrency, acting Comptroller of the Currency Michael Hsu warned that the U.S. could be heading for a new financial crisis if oversight over the industry isn’t tightened. “If the crypto industry doesn’t evolve or is more responsible, then we will be headed” for a potential rerun of 2008, Hsu told Yahoo Finance in an exclusive interview. The official is one of several crypto skeptics within the Biden administration who have taken more of a hardline on… Source link

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Why working parents feel “overwhelmed”

Treasury Secretary Janet Yellen says the nation’s child care system is “broken.” We wanted to find out if working parents agree. Turns out, they do. In a new Yahoo Finance–Harris poll, 71% of working parents with kids under 18 said managing childcare decisions is “overwhelming.” Dads were a bit more likely to feel that way than moms, which is perhaps surprising. Among all parents—whether working or not—66% said they find childcare overwhelming. Harris polled 1,066 adult… Source link

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How Yahoo Built a Culture of Cybersecurity

Telling your employees that they should do something isn’t enough to inspire meaningful change. Just ask any employee who has ever watched a cybersecurity awareness video. Although the videos instruct employees to be mindful of data security, they seldom lead to a wholesale improvement of a company’s security behaviors. To improve your cybersecurity culture, and, ultimately, your businesses’ resistance to attacks, you must measure what people do when no one is… Source link

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Red Robin Gourmet Burgers, Yandex, Hexcel Corp and Enphase Energy

This story originally appeared on Zacks For Immediate Release Chicago, IL – September 30, 2021 – Stocks in this week’s article are Red Robin Gourmet Burgers, Inc. RRGB, Yandex N.V. YNDX, Hexcel Corporation HXL and Enphase Energy, Inc. ENPH. – Zacks Here’s Why You Should Cut Ties with These 4 Toxic Stocks Proper identification of rightly-priced stocks is the key to successful investing. In reality, overpriced toxic stocks… Source link

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That 70’s show? Oil dredges up new fears about an old problem: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, September 30, 2021 Once again, Wall Street is worried about slowing growth and relentless inflation. In the wake of this week’s run up in oil, which coincided with energy crunches in China and the U.K., a certain word associated with slowing growth and higher inflation — popularized during a particularly rough stretch nearly 50 years… Source link

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THE CONTRERAS REPORT: Regulating Google’s and YouTube’s profitable dark side | Open

I love Google and YouTube. They do more for Hispanics than do college libraries and are faster and more convenient. Every article I write, every commentary I make has roots in Google. No more libraries. An internet connection to Google and YouTube, Google for research and YouTube for distribution, and I’m in business. While they earn off of me and people like… Source link

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