Money Minute: T-Mobile Takes on Streaming With 'unRadio'


T-Mobile is doing everything it can to get into the growing streaming music arena.

Mobile carrier T-Mobile US (TMUS) announced it will be launching a streaming music service free of ads that will be free to its top tier customers. Called unRadio, it will be available for $4 a month for other T-Mobile customers. It is also giving those premium-paying customers a break on data fees by not charging them extra for data gobbled up when using other music services like Pandora (P) and Spotify.

The hope is that T-Mobile will lure in more customers as streaming music increasingly becomes a must-have for many. Customers can sign up for a trial on Monday.

The lack of women and racial diversity in Silicon Valley is getting a closer look ever since Google (GOOG), LinkedIn (LNKD) and Yahoo (YHOO) revealed their staffing data. The data shows that women are under-represented as well as minorities other than Asians. At a conference in Cannes, Facebook's Chief Operating Officer, Sheryl Sandberg, said the situation is "pretty depressing." She said Facebook (FB) would be releasing its own staffing report soon.

On Wall Street on Thursday, the major indexes continued their march higher with the Standard & Poor's 500 index (^GPSC) hitting a new all-time high of 1,956. The Dow Jones industrial average (^DJI) gained 98 points, the Nasdaq composite (^IXIC) rose 25 and the S&P 500 added 15 points.

The Highway Trust Fund, which pays for roughly half of our transportation projects, is weeks away from running on empty. One solution getting bi-partisan support is to raise the federal gas tax, which finances the fund. It hasn't been raised in more than 20 years. Two senators, one Republican and one Democrat, suggest a hike of 12 cents a gallon. Other lawmakers are proposing giving corporations a temporary tax break on bringing foreign profits back home. But that idea faces strong opposition from President Obama. They need to come up with a solution soon otherwise we'll see a lot of abandoned construction sites this summer.

And finally, if you're looking for a beer that will likely impress your hipster pals over the summer barbeque season, it's probably best to go for No. 1. And topping the list among craft beers for the sixth year in a row is Russian River's Pliny the Elder from California, according to an annual poll at Zimurgy Magazine. The poll shows a distinct preference for beers with a strong hop flavor as eight of the top 10 are India Pale Ales and Double IPAs. The state with the most craft breweries is California followed by Washington then Colorado.

-Produced by Karina Huber.

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