Monday, January 31, 2022

The Daily Money: Joe Rogan apologizes; Spotify and the stock market

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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The Daily Money
 
Monday, January 31

Subscribe to The Daily Money newsletter, our roundup of each day's top stories from USA TODAY Money. 

Good morning, Daily Money readers. Even for a Monday, it's a pretty good day for fans of the Cincinnati Bengals and L.A. Rams, who both came from behind to win their respective title games and advance to the Super Bowl.

🗞 News you should know 🗞

After Neil Young, Joni Mitchell and Nils Lofgren demanded that Spotify remove their catalogs if they plan on keeping podcaster Joe Rogan over their claims that he spreads misinformation about COVID, the "Joe Rogan Experience" host has apologized and promised to do better.

"If I pissed you off, I'm sorry," he said in an Instagram video posted Sunday. "It's a strange responsibility to have this many viewers and listeners. It's nothing that I've prepared for. I'm going to do my best to balance things out."

Among his proposed changes: "having more experts with different opinions right after I have the controversial ones." He added, "I do all the scheduling myself and I don't always get it right."

💡 Daily insight 💡

Can music on Spotify shed light on stock market returns? A study of the daily top 200 songs in 40 countries in the peer-reviewed Journal of Financial Economics says yes.

It found that an increase in positive music sentiment was associated with a higher return in the stock market for that week and a lower return for the next week. (Returns are money made or lost on an investment over time.) 

The study introduces the idea that the kind of music investors are listening to at a given moment is a reflection of their mood and influences what stocks they choose to trade. It acknowledges that it is making the assumption that people listen to music that reflects the mood they are currently experiencing, rather than listening to change their mood.

🚨 Other stories you shouldn't miss 🚨

Kia recalls 400,00+ vehicles.  Select Koups, Sedonas, Souls may have faulty airbags.

What is the C-Band?  Here's what a new 5G flavor means for AT&T and Verizon users.

Spring Break 2022 and COVID.  What are the entry, masking requirements at popular beach destinations?

Outraged by credit card, mortgage, bank fees?  Here's who to contact.

Attention, Wordle addicts.  A new archive website has every puzzle you missed.

💵 Smells like tax season 💵

This year, there's no tax break for unemployment benefits. Jobless benefits received in 2021 will be taxable on the 2021 federal income tax return. If you didn't have taxes withheld, and most people don't, you could be looking at a bigger tax bill than you'd expect.

🎶 Mood music 🎶 

Please indulge me in using one more Bengals-inspired lyric: Jimmy Cliff's classic "I Can See Clearly Now." For three decades, those fans have embodied the expression, "It's the hope that kills you." Now, the dark clouds have finally lifted: "Oh yes, I can make it, now the pain is gone.  All of the bad feelings have disappeared. Here is that rainbow I've been praying for. It's gonna be a bright, bright, sun-shining day."

Joni Mitchell will be honored as the 2022 MusiCares Person of the Year.
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