business news

How Spotify AI plans to understand what’s going on in your head

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Win-initiative/neleman | Stone | Getty Images With around 100 million songs available and over 600 million subscribers, helping listeners find the music they’ll love has become a navigational challenge for Spotify. It’s the promise of personalization and meaningful recommendations that will make the vast catalog more meaningful, and it’s central to Spotify’s mission. The streaming …

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Are income tax breaks still a reason to invest?

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The Union Budget 2023 announcement in India has reignited the debate on the financial benefits of investing in life insurance products, particularly the importance of tax benefits on such investments. In India, many people continue to view life insurance as a tax saving tool, using the premium amount to offset a portion of their annual …

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Marjorie Taylor Green won’t say what happened to her Trump Media shares

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Asked by CNBC and NBC News, Green did not say what happened to her stock in Digital World Acquisition Corp., which through a merger with Trump Media and Technology Group recently began publicly trading as DJT. The stock price is down at least 45% year to date. Trump Media is the parent company of the …

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Vinod Khosla urges the Senate to pass the bill

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Vinod Khosla and Jacob Helberg. Patrick T. Fallon | AFP | Picture Alliance | Getty Images “Would you allow North Korea or Iran to own a broadcast channel that 67% of teenagers spend almost two hours a day on?” the two wrote. Some critics have compared the ban to an enforcement law, given that it …

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Income investment opportunities are emerging as the prospect of a rate cut moves into September

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Traders’ hopes for a rate cut in June have been dashed, but income-seeking investors may find a great opportunity to scoop up bonds and dividend-paying stocks on the cheap. Consumer prices rose faster than expected in March, rising 3.5 percent year-on-year and beating Wall Street expectations. The report sparked a wave of selling on Wednesday, …

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Here’s where BlackRock sees investment opportunities with an aging population

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Populations in developed markets around the world are aging. With that comes certain opportunities for investors, according to BlackRock. The same is true for those markets that have a growing population, leading to what the firm calls demographic divergence. It’s one of five so-called mega-forces affecting investing that the BlackRock Investment Institute tracks. While the …

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Consumer prices rose 3.5% year-on-year in March

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The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and possibly dashing hopes that the Federal Reserve will be able to cut interest rates soon. The CPI, a broad measure of the cost of goods and services across the economy, rose 0.4 percent for the month, putting 12-month inflation at …

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Air fares jump 20-25% amid Vistara woes, high travel demand

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New Delhi: Travelers will have to pay more for domestic flights this summer season, with air ticket prices jumping by 20-25 percent amid canceled Vistara flights and strong demand for air travel, according to industry experts. At a time when the peak summer travel period is around the corner, the airline industry is grappling with …

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Record funding boosts Denver-Boulder’s life sciences market

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This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have become business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. The Denver-Boulder region is quickly emerging as a major hub for the life sciences industry, attracting companies that are developing cutting-edge medical treatments and technologies. …

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Three thriving businesses that set Denver apart

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Denver continues to benefit from three unique areas: cannabis, sports and unique attractions like Red Rocks Amphitheater, generating billions in revenue and attracting visitors. Denver alone has earned more than half a billion dollars in taxes and licensing fees on marijuana sales. Analysts predict that the city’s major league teams, which are already bringing in …

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