‘If Drake Goes Independent, the Music Business Is Done,’ Says United Masters’ Steve Stoute

Erwin Oropesa

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Steve Stoute shared some powerful words about Drake during a panel held on Friday (July 17). The two-day virtual SelectCon conference featured conversations with key players in the realms of entrepreneurship, music marketing, sports, personal finance, and other music industry topics.

Stoute is an entrepreneur and author who has previously worked at Sony Music and Interscope Geffen A&M before going on to create his own marketing agency, Translation, and launching music distribution platform United Masters. His resume includes producing albums for Nas, Mariah Carey, working with Gwen Stefani and Enrique Iglesias, and executive producing 2002’s Academy Award-winning “8 Mile” film and soundtrack, starring Eminem.

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One aspect debated throughout the conference: whether to sign with a (major) label or remain independent. While the pros and cons are many, one thing that most can agree on, when an artist is in a

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New York Fed President John Williams speaks with Yahoo Finance [Transcript]

Erwin Oropesa

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance on July 16 to discuss the U.S. economic outlook and what may lie ahead for Fed policy.

BRIAN CHEUNG: Joining us now is the president of the New York Federal Reserve – that is John Williams. John how are you?

JOHN WILLIAMS: Great Brian, good to see you.

BRIAN CHEUNG: Good to see you too. So let’s just get right into it. I want to ask about the economic outlook, we did get numbers this morning on retail sales showing a pretty nice rebound in June but then on the other hand you have 17 million Americans still turning to unemployment insurance. That, when you couple it with the epidemiological numbers, I guess I’m just wondering do you still see the baseline as a recovery in the second half of this year as I think … Read More

Joe Biden’s controversial tax hikes are not anti-business: former Obama insider

Erwin Oropesa

A corporate tax-hiking, buy America focused president Joe Biden wouldn’t necessarily crush the stock market and the bottom lines of Corporate America.

At least that’s the message to investors and CEOs from University of Chicago professor and former chair of the Council of Economic Advisors under president Obama, Austan Goolsbee.

“Well, I don’t think that it would mean that,” Goolsbee said on Yahoo Finance’s The First Trade on whether Biden’s economic policy proposals would mean less investment and hiring. “I think that the $2 trillion corporate tax giveaway that we had at the beginning of the Trump administration has not proven to increase investment by anything like what they said. It mostly served as just a windfall handout. And I think that if you back to a totally reasonable level of corporate tax and you couple it with direct public investments as well as incentives for companies to make new

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