Following the revelation that members of the boy band have opted to temporarily cease performing as part of the group in order to focus on separate careers, shares in South Korean music agency Hybe have dropped, according to Bloomberg. Losses from the dip in Hybe's stock on news of the band's impending split are projected to be $1.7 billion, according to Bloomberg. The stock price of the music...

Apple's market value may not stay over $2 trillion, owing to investor worries that the Federal Reserve's increased interest rates will force the country's economy into recession, said Bloomberg citing analysts. The market capitalization of the iPhone manufacturer temporarily crossed $3 trillion in January, was $2.15 trillion at the close of trade on Tuesday, June 14, and was $2.19 trillion on...

Bucket Studio's stock increased by over 30% after Netflix announced the second season of its "Squid Game" series. Bucket Studio securities were selling at 3,450 Korean won at market close on Monday, 29.94 percent higher than the previous closing price. With the KOSPI 100 index down 3.4 percent on Monday, the price soared as the market sank. Bucket Studio owns a share in Artist Company, a talent...

Bayer AG, a chemical firm, has won a lawsuit in Missouri, where a court dismissed a local resident's claim that the company's Roundup herbicide caused cancer in him. This is the third time in a row that a lawsuit filed by persons accusing Bayer AG and its subsidiary Monsanto of developing a cancer-causing weed killer has been successful in the United States. Lawsuits relating to the Roundup...

Due to volatility in the commodity market caused by the events in Ukraine, the exchange company Trafigura was able to accomplish record oil and metal sales and conclude the first half of fiscal year 2022 (March 31) with a record profit. The corporation recorded $170.6 billion in six-month revenue, up 73 percent from 2021 and more than double the figure for the first half of 2020. The company's...

Net profit of the Spanish Inditex Group, one of the world's largest clothing and footwear retailers (brands Pull & Bear, Zara, Bershka, Massimo Dutti, Oysho, Stradivarius), nearly doubled in annual terms to €766 million in the first quarter of fiscal 2022-2023 (ended April 30), according to the company. Sales climbed by 1.4 times to €6.742 billion over the reporting period. Earnings per share...

Kohl's, one of the major department store chains in the United States, has revealed that it is in the process of being sold to a holding company FRG. It offered $60 a share for Kohl's stock, bringing the total deal value to around $8 billion. Kohl's operates or owns over 1100 department stores in 49 states across the US. Annual sales are estimated to be around $18 billion. FRG is a firm based...

Shares of Chinese cab service Didi jumped 56% at the premarket. Earlier, the WSJ reported that Beijing is wrapping up an investigation into the company, and its app could return to stores. Shares of Chinese cab aggregator Didi were up more than 56% at the premarket, trading at a high of $2.89. At Friday's close, the company's NYSE-traded securities were down 3.14% at $1.85. Earlier, sources of...

According to the Financial Times, the British telecommunications provider Truphone will be sold for £1. The company is owned by Russian oligarch Roman Abramovich and his colleagues. In the event that Truphone "works well" and its value rises, the present owners will be able to recoup up to a third of the initial investment. Abramovich will not get this money if he is subject to sanctions. Hakan...