Apple Inc's (AAPL) - Get Report Apple Music will soon deliver custom, automatically-generated playlists called Chill Mixes to all its subscribers in the For You section of the app, Business Insider reported.

The mixes join My Favorites, made of songs Apple Music knows you like, and My New Music, made of songs Apple Music thinks you'll like. Chill Mix is the third playlist Apple Music has curated in a format mimicking Spotify's Discover feature.

Apple Music uses algorithms that know your library, what you listen to and what songs you've liked paired with human curation to author a new list updated each Sunday with calming tunes from a variety of genres.

Chill Mix will only be available to a small percentage of Apple Music subscribers for now, but it's expanding in the coming weeks.

Apple stock was up over 1% in mid-afternoon trading.

What's Hot On TheStreet

The stock market may be overvalued: Now may be the time to pay extra attention to red-hot tech stocks such as Apple (AAPL) - Get Report and Facebook (FB) - Get Report . As TheStreet first reported Tuesday afternoon, asset valuations are somewhat "rich" by standard metrics, Federal Reserve Chair Janet Yellen said in London during a conversation about economic issues with British Academy President Lord Nicholas Stern. Yellen's comments on equity valuation and bank strength closely mirrored Fed Vice Chairman Stanley Fischer's from an IMF event held earlier in the day.

The iPhone has changed how you make money: TheStreet's Scott Gamm is out with a piece that will really get you thinking. Apple's iPhone will turn 10 years old on Thursday. The device not only turned Apple into one of the world's most valuable companies, helping to boost its stock price more than 700%, it also changed the way we invest and trade stocks Gamm points out.

In fact, the original iPhone -- and the current versions -- have an internal stocks app, allowing users to check the broader market indexes and individual stock prices. Having this in your pocket was a big deal 10 years ago.

"I think it's actually made the life for a typical investor much easier," Angelo Zino, an analyst with CFRA Research, told TheStreet. "I think they've been able to tap news flows much quicker."

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