By Michelle Toh and Richard Quest, CNN The billionaire mastermind behind some of the world’s biggest K-pop stars is pushing back on accusations that he’s trying to monopolize the Korean music industry, just days before a major potential deal is expected. Bang Si-Hyuk, chairman of HYBE, the management agency behind bands including BTS and NewJeans,
Continue Reading By Michelle Toh and Gawon Bae, CNN Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency. The tech firm announced Tuesday that it would seek to buy up to 35% of the music label, just days after a previous
Continue Reading By Samantha Murphy Kelly, CNN Business When Scott Rogowsky auditioned to be the host of an unreleased online quiz show called HQ Trivia back in 2017, after a decade of grinding gigs in the New York City comedy scene, he didn’t think it’d be his ticket to instant fame. Not long after landing the job,
Continue Reading By Samantha Murphy Kelly, CNN Business When Scott Rogowsky auditioned to be the host of an unreleased online quiz show called HQ Trivia back in 2017, after a decade of grinding gigs in the New York City comedy scene, he didn’t think it’d be his ticket to instant fame. Not long after landing the job,
Continue Reading By Samantha Murphy Kelly, CNN Business When Scott Rogowsky auditioned to be the host of an unreleased online quiz show called HQ Trivia back in 2017, after a decade of grinding gigs in the New York City comedy scene, he didn’t think it’d be his ticket to instant fame. Not long after landing the job,
Continue Reading By Samantha Murphy Kelly, CNN Business When Scott Rogowsky auditioned to be the host of an unreleased online quiz show called HQ Trivia back in 2017, after a decade of grinding gigs in the New York City comedy scene, he didn’t think it’d be his ticket to instant fame. Not long after landing the job,
Continue Reading By Anna Cooban, CNN Shares in some of Indian billionaire Gautam Adani’s companies soared Friday after a US private equity firm agreed to invest nearly $1.9 billion in his embattled conglomerate. The Adani Group said Thursday that GQG Partners had bought $1.87 billion of stock in secondary market trades across four of its companies. Shares
Continue Reading By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw sold $448,000 worth of the company’s stock this week, a month after the toxic train derailment in East Palestine, Ohio, that is still being cleaned up. Shaw’s stock sale came the same week the company announced Shaw had personally set up a $445,000 scholarship endowment fund
Continue Reading By Nimi Princewill and Stephanie Busari, CNN Nigeria’s botched attempt to replace its banknotes has been declared invalid by the country’s Supreme Court. In a ruling Friday, the country’s highest court said a presidential directive to discontinue the use of old naira notes following a redesign was illegal. The court said the old banknotes should
Continue Reading By Nicole Goodkind, CNN About 99% of all S&P 500 companies have reported their fourth quarter earnings and the results, particularly for tech companies, are underwhelming. Companies listed in the S&P 500 index beat analysts’ earnings estimates by an average of just 1.3% last quarter. For context, that’s way down on the index’s 5-year average
Continue Reading By Paul R. La Monica, CNN There have been a LOT of changes on Wall Street since I first joined CNN in November 2001. The Dow was trading just below 10,000 at the time. It’s now a little above 33,000. And some of the companies that were still among that blue chip average are no
Continue Reading By Philip Wang and Kathleen Magramo, CNN The United States on Thursday added two subsidiaries of Chinese genetics company BGI to a trade blacklist over allegations it conducted genetic analysis and surveillance activities for Beijing, which Washington says was used to repress ethnic minorities in China. The US Department of Commerce, which oversees export controls,
Continue Reading By Peter Valdes-Dapena, CNN Business Following an issue with a battery fire during testing, Ford will restart production of its popular F-150 Lightning electric pickup on Monday, March 13, the company announced Thursday. By then, the truck will have been out of production for about a month. During pre-delivery inspections, one of the trucks caught
Continue Reading By David Goldman, CNN Exxon was aware of multiple complaints of hangman’s nooses on display at its Baton Rouge, Louisiana, complex, but the oil company failed to properly investigate the incidents or take action to prevent them from happening again — which they did — according to a lawsuit filed Thursday by the US Equal
Continue Reading By Chris Isidore, CNN A FedEx plane was only about 150 feet off the ground when its pilots realized a Southwest jet was in the process of taking off on the same runway, and aborted its landing to avoid a potentially catastrophic fatal accident last month, federal safety investigators reported Thursday. The report was from
Continue Reading By Hannah Rabinowitz, CNN Deputy Attorney General Lisa Monaco announced a new effort by the Justice Department on Thursday to target corporate sanctions evasion and other financial crimes that implicate national security. “To address the increasing intersection of corporate crime and national security, the Department is today announcing significant restructuring and resource commitments within the
Continue Reading By Hannah Rabinowitz, CNN Deputy Attorney General Lisa Monaco announced a new effort by the Justice Department on Thursday to target corporate sanctions evasion and other financial crimes that implicate national security. “To address the increasing intersection of corporate crime and national security, the Department is today announcing significant restructuring and resource commitments within the
Continue Reading By Brian Fung, CNN Two Democratic senators urged Meta this week to suspend a reported plan to offer Horizon Worlds, the company’s flagship virtual reality app, to teens between the ages of 13 and 17, arguing the technology could harm young users’ physical and mental health. The lawmakers, Massachusetts Sen. Ed Markey and Connecticut Sen.
Continue Reading By Danielle Wiener-Bronner, CNN Calls to boycott Hershey are spreading on Twitter in response to the chocolate company’s International Women’s Day Canadian campaign, which includes a trans woman. It’s the latest example of a brand generating a strong but mixed reaction to a promotional campaign that touches on cultural or societal issues. Fae Johnstone, a
Continue Reading By Anna Bahney, CNN Mortgage rates shot up for the fourth consecutive week, as inflation concerns remain. The 30-year fixed-rate mortgage averaged 6.65% in the week ending March 2, up from 6.5% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 3.76%. Rates had been trending
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