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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
TechSnapchat

Snapchat fixed the worst thing about its app

By
Kia Kokalitcheva
Kia Kokalitcheva
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By
Kia Kokalitcheva
Kia Kokalitcheva
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August 10, 2015, 3:56 PM ET
Headquarters Of Photo And Video Sharing Application Snapchat
People take pictures in front of the Snapchat Inc. headquarters on the strand at Venice Beach in Los Angeles, California, U.S., on Wednesday, Aug. 14, 2013. Snapchat is a photo and video sharing application that allows the user to pre-set a period of time, no more than ten seconds, for the receiver to view the content before it disappears from the screen. Photographer: Patrick Fallon/Bloomberg via Getty ImagesPhotograph by Patrick Fallon — Bloomberg/Getty Images
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Ephemeral messaging app Snapchat knows its demographic well. Teens are still at the mercy of their parents’ financial decisions, and that can sometimes mean they don’t have a whole bunch of mobile data to use up every month.

Luckily for data-strapped teens (and everyone else), the company rolled out a new data-conserving feature Monday. “Travel Mode,” which “disables auto-loading of content like Stories when you’re using mobile data,” as it’s described in the app.

Snapchat Stories are collections of photos or videos users can create to broadcast to all their friends. Snapchat’s own employees also curate collections around various events or locations, like a soccer match or New York City.

The feature’s name presumably stems from the idea that traveling users might be roaming, and wouldn’t necessarily want to rack up extra charges.

It’s not exactly clear how much data this feature can save the average user. Considering that Stories update fairly frequently and can contain even a couple of minutes worth of content, the savings could be substantial.

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By Kia Kokalitcheva
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