Music streaming services are too similar and need to have more original content, Apple Music executive Jimmy Iovine told the BBC. “The streaming services are all charging $9.99 and everyone has the same music,” he told the British broadcaster in an interview published Sunday. “And it’s really nice. You get […]
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The first non-stop flight between Europe and Australia arrives in London
On Saturday, a Boeing 787 Dreamliner operated by Qantas left Perth, Australia and flew non-stop to London Heathrow. The flight was the first commercial passenger jet to connect the two countries directly and the 9,010 miles took just over 17 hours to complete. The flight carried over 200 passengers across […]
China’s new central banker says the country will steadily advance financial reforms
China will steadily reform and further open its financial sector while putting “equal emphasis” on preventing financial risks through regulation and supervision, the new central bank governor said on Sunday. In his first public speech since becoming central bank chief last week, Yi Gang told the China Development Forum in […]
Here’s what CEOs and other leaders are saying at the China Development Forum in Beijing
The following is a roundup of major figures in business, economics and politics who spoke with CNBC at the China Development Forum in Beijing on Sunday. Tune into CNBC on air Monday and Tuesday for the broadcast of these interviews, and get more details starting Monday at CNBC.com. “Blunt force […]
Elon Musk directs Tesla to ‘slow down’ on Norway deliveries, citing local capacity issues
Tesla has been instructed to “slow down” on car deliveries in Norway this quarter, CEO Elon Musk said on Saturday, in response to woes the company has experienced delivering their vehicles. On Twitter, Musk replied to a report stating that Tesla shipments in the country have been subject to accidents […]
One portfolio manager says the Fed’s cautious pace on rates is like ‘who’s whispering the loudest’
The Federal Reserve raised rates last week for just the sixth time since the financial crisis and the markets took it in stride. However, one market watcher says the Fed’s slow pace borders on ridiculous. “It’s at such a glacial pace, it’s hilarious,” Bryce Doty, senior portfolio manager of fixed […]
Why Facebook’s privacy woes may only be the tip of the iceberg, for both the site and users
Facebook is facing a backlash from its users and investors, after the company failed to disclose that millions of profiles were used by a third party during the presidential campaign without their consent. Co-founder and CEO Mark Zuckerberg broke his silence this Wednesday, followed by COO Sheryl Sandberg in an […]
DoorDash CEO Tony Xu: We need to know about every pothole and parking spot to perfect food delivery
To make food delivery more efficient, Doordash needs to know about every pothole and parking space. And in order to pull off that feat, CEO Tony Xu has plenty of information at his finger tips. “We collect hundreds of millions of data points,” Xu told Fortt Knox for CNBC. “And […]
This wedding savings strategy is easier said than done
Cutting your wedding costs by avoiding “wedding season” may be easier said than done. In a recent Student Loan Hero survey, 8 in 10 couples planning to get married in the next year said they would be willing to choose a “less-preferable wedding date” if it would save money. That […]
‘March for Our Lives’ rally in DC for gun control draws thousands from around the country
Summoned by high school students swept up in school violence, thousands swarmed into the nation’s capital and cities across America on Saturday to march for gun control and ignite political activism among the young. Organizers of the “March for Our Lives” rally in Washington hoped their protest would match in […]