A Partner of Chance the Rapper Wants to Shake-Up the Record Label Industry
Veteran record executive Steve Stoute, who's partnered on philanthropic endeavors with Chance the Rapper and Kevin Durant, has decided to remove the middleman between musicians and their fan base. He says his new company, UnitedMasters, will change the record label industry.
For full interview [click here](https://cheddar.com/videos/unitedmasters-and-steve-stoute-play-a-different-tune).
Elon Musk announced two new subscription tiers for people who want the premium experience. This, as some users in some countries may have to pay a very small fee to access the platform for more. Cheddar News' senior reporter Michelle Castillo explains.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.