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Record label counts cost of BTS break

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K-pop pioneers BTS faced tears and sympathy from fans, but anger from shareholders in their management company on Wednesday, a day after the band, pleading exhaustion, announced a break from group musical activities to pursue solo projects

BTS fans were left in tears by the band’s announcement they were taking a break and pursuing solo projects.

But the South Korean group’s management company also had to deal with unhappy investors on Wednesday (June 15).

Tuesday’s announcement angered investors in the K-pop band’s record label HYBE.

The company, which went public two years ago, saw shares fall by a quarter on Wednesday and wipe just over $1.5 billion off its market value.

HYBE shares have performed poorly in recent months.

The company’s CEO and some BTS members sold stock for around $7.75 million in December.

BTS’ upbeat hits and messages of youth empowerment have turned them into global megastars.

But some band members are close to military service age, potentially requiring an unavoidable break from music.

All able-bodied South Korean men must do about two years of military service.

The oldest BTS member, Jin, is due to begin duty next year.

There could be a reprieve on the cards, though.

A bill pushing for military exemptions for globally renowned artists is pending in parliament.

It comes after a long debate over whether BTS deserve the same benefits and exemptions that sports athletes enjoy.

Investors, and fans, will hope lawmakers vote to give the boys a break.

Reuters

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Charlie Kirk’s legacy reshaping US conservatism

“Charlie Kirk united GOP grassroots through social media and activism, but his death raises questions about future leadership.”

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Charlie Kirk united GOP grassroots through social media and activism, but his death raises questions about future leadership.


Charlie Kirk transformed the Republican grassroots movement by fusing social media reach with in-person activism, turning Turning Point USA into a cultural and political force.

His bold campus debates, viral online presence, and close alliance with Donald Trump energised young conservatives and boosted GOP turnout.

With his assassination, questions now loom over who can continue his unique blend of digital influence and grassroots organising.

#CharlieKirk #TurningPointUSA #ConservativePolitics #GOP #Grassroots #TickerNews


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Vance vows crackdown after Kirk murder

VP Vance condemns celebrations of Kirk’s assassination, vows to target institutions promoting political violence, and criticizes left-wing media.

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VP Vance condemns celebrations of Kirk’s assassination, vows to target institutions promoting political violence, and criticizes left-wing media.


US Vice-President JD Vance has condemned those celebrating the assassination of conservative activist Charlie Kirk, pledging the Trump administration will target institutions that promote political violence.

Speaking on Kirk’s own podcast, Vance accused left-wing media of fuelling hostility and warned that unity cannot exist while political violence is tolerated.

#CharlieKirk #JDVance #USPolitics #PoliticalViolence #TickerNews


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Dollar steady as markets await Fed’s rate decision

Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

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Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

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In Short:
– The U.S. dollar stayed stable as investors await the Federal Reserve’s interest rate cut announcement.
– Asian equities rose, with the MSCI Asia Pacific Index hitting a record high amid U.S. market gains.
The U.S. dollar remained stable on Monday as investors await the Federal Reserve’s upcoming policy meeting, where the central bank is expected to announce its first interest rate cut in nine months.
Trading volumes were low due to a holiday in Japan, causing currencies to remain rangebound.Banner

Market participants have largely priced in a 25 basis point reduction in the federal funds rate, anticipated to bring the key rate to between 4.00%-4.25%.

This marks the first easing action since December 2024.

Recent economic data indicates a cooling labour market, with jobless claims rising to the highest levels since 2021, overshadowing inflation concerns.

Market Movements

Asian equities experienced gains, continuing a global rally, with the MSCI Asia Pacific Index reaching a record high.

Chinese shares rose close to 1% despite disappointing factory and retail sales data.

This momentum follows historical closes in U.S. markets, with the Dow Jones Industrial Average surpassing 46,000.


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