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Apple jack ax ushers in a voice-driven world

While some fans opposed the widely anticipated move – one online petition urging Apple to keep the headphone jack drew more than 300,000 signatures – equipment suppliers and experts heralded a change in how users will interact with their devices. Axing the jack, they say, paves the way for discreet, bean-sized earbuds that can simultaneously translate, filter out unwanted noise or let us control other devices by voice – and drive up the value of the so-called ‘hearables’ market to $16 billion within five years. It’s the vision of the futuristic 2013 movie “Her”, where a human has a love affair with a disembodied voice in his ear.

Wall St. gains, buoyed by GE divestment plan

The S&P Industrials was up 1.3 percent as the best performing of the 10 major S&P sectors, paced by GE's gain. General Electric jumped 8.7 percent to $27.96 as the most active stock on the New York Stock Exchange, with more than 120 million shares changing hands. “I expect buybacks to continue because a lot of major stocks, including Apple, are undervalued,” Adam Sarhan, chief executive of Sarhan Capital in New York. GE will sell the bulk of its $30 billion real estate portfolio over the next two years as it returns to its industrial roots, with Blackstone and Wells Fargo snapping up most of its assets.