The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped nearly 10% Monday, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
The milestone is a turning point in the race to be the dominant streaming music service. It is also an early sign of success for Apple's new "services" strategy, which aims to sell existing iPhone users paid monthly subscriptions to online services.
In February, Apple Music had 28 million paid subscribers in the United States and Spotify had 26 million, according to the report, which cited people familiar with the matter.
The report also mentioned that Apple Music's worldwide and U.S. growth rates are higher than Spotify's.
Spotify still has more subscribers than Apple Music. Spotify said it had 96 million paid users in February, and unlike Apple Music it offers a free tier that's supported by advertising. Spotify has 207 million users when you add free users to the number of paid subscriptions.
Apple Music has 56 million paid subscribers worldwide, according to the Financial Times.
But Apple Music has a few advantages that Spotify doesn't. It comes pre-installed on iPhones, of which there are 900 million currently in use around the world. The biggest U.S. carrier, Verizon, bundles free Apple Music subscriptions with certain cell phone service plans, but Spotify has similar deals with Sprint and Samsung.
Spotify and Apple are on bad terms. Last month, Spotify's CEO blasted Apple for what it called "unfair" policies around its App Store and filed an antitrust complaint with the European Commission. Apple responded in a statement on its site that said Spotify was wrapping "its financial motivations in misleading rhetoric."
Apple and Spotify declined to comment.