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  • Nov 28, 2024

K-Pop Stars Quit Hybe in Shock Revolt That Slams Studio’s Stock

(Bloomberg) -- K-pop superstars NewJeans pulled the plug on their partnership with Hybe Co., escalating an unprecedented uprising that’s transfixed South Korea, wiping out as much as 7% of the studio’s value on Friday.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe chart-topping girl group called a surprise conference Thursday night and declared

  • Nov 28, 2024

Wall Street macro traders head for worst year since the pandemic

(Bloomberg) -- The world’s banks are on track to report the lowest revenue from foreign-exchange and rates trading since the pandemic, hit by tighter margins and a challenging macroeconomic backdrop. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasListen to the Bloomberg Daybreak Europe podcast on Apple, Spotify or anywhere you listen.Over 250 firms

  • Nov 28, 2024

Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll

Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay to a planned OPEC+ output hike, a Reuters monthly poll showed on Friday. Sentiment among oil traders "has turned very negative due to concerns about the global economy, especially about China's economy and demand growth, and concerns about OPEC+ being able to align supply with demand," said Stratas Advisors President John Paisie. Earlier this month OPEC lowered its forecast for global oil demand growth this year and next, highlighting weakness in China, India and other regions.

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