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Social Security expansion bill poised to gain traction in Congress

Social Security expansion bill poised to gain traction in Congress

Finance
As Social Security's funding problems loom ever closer on the horizon, the program has emerged as a pet project on many lawmakers' fix-it list. Now in control of the House, Democrats have thrown their weight behind a measure that would extend and expand the program — largely by asking high earners to pony up, along with a gradual increase in the Social Security tax rate that applies to workers' income. "Democrats have agreed that we should expand, not cut, Social Security and have the wealthy pay their share," said Nancy Altman, president of advocacy group Social Security Works. ...
iPhone sales slump 11% as Chinese competitors gain ground

iPhone sales slump 11% as Chinese competitors gain ground

Technology
As global sales of smartphones stall, the two companies with the largest slice of the market are losing ground to competition from China.Apple saw its phone sales down 11% year-on-year, while South Korean market leader Samsung lost 9% of its share of sales in 2018. Figures released by research company Gartner show that Apple recorded its worst quarterly decline in almost two years, while Chinese competitors Huawei, Xiaomi, and OPPO all increased their shares of the international market. Apple's customers seem to be holding on to their old phones for longer, shying away from the high cost and comparatively low levels of innovation in newer devices.Amid the scandal over Apple slowing down old phones and an offer to replace batteries freely, the American company sold 10 million fewer phones i...

Stocks Bounce Back with a Weekly Gain of Over 2%

Finance
[unable to retrieve full-text content]A lot of stuff was thrown at the market on Friday including Apple s disappointing report a very strong jobs number and trade rumors In the end stocks couldn t extend the three day winning streak but the week finished solidly on the positive side The NASDAQ was up 2 7 this week Latest Articles in
Bajaj Allianz Life overhauls its operations to gain agility, achieve customer centricity

Bajaj Allianz Life overhauls its operations to gain agility, achieve customer centricity

Finance
From all accounts, Kayzad Hiramanek, EVP-Customer Service & Operations at Bajaj Allianz Life, is both a satisfied and anxious man these days. He is satisfied that Bajaj Allianz Life Insurance is building momentum through and beyond digital transformation using technology to solve real business problems. Digital sales have shown a growth of 27% in FY18-19. And the business contribution from digital channels has been 60% of the individual rated new business in FY18-19. As the digital champion of the life insurance company, he could not have asked for a more resounding success of the digital initiatives, launched over the last 18 months. At the same time, he is anxious to outline a future-forward digital approach for the insurer. Indeed, talking to Hiramanek, one cannot help but be struck by ...
Swedish election: Main blocs neck and neck as nationalists gain

Swedish election: Main blocs neck and neck as nationalists gain

World
The Swedish general election has left the two main political blocs almost tied, with the anti-immigration party making gains on its previous results.With nearly all ballots counted, the governing centre-left coalition is marginally ahead of its centre-right Alliance rivals, with around 40% each.The nationalist Sweden Democrats (SD) have won about 18% of the vote, up from 12.9% in the previous election.A protracted battle to form a working coalition now looks certain.Is Europe seeing a nationalist surge?Both of the main blocs have refused to govern with the SD, although its leader said he was prepared to talk with all other parties."We will increase our seats in parliament and we will gain huge influence over what happens in Swed...