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Believe Shares Rise (Again) on WMG Interest, Sphere Stock Jumps & K-Pop Flops
Believe shares rise on Warner Music interest and more music stocks, including a big Sphere Entertainment increase and K-pop stocks' overall decline.
Believe shares rose 2.5% to 15.88 euros ($17.38) after WMG announced its interest in the owner of distributor TuneCore, publishing administrator Sentric and such record labels as Naïve and Groove Attack. U.S. stocks reached new records on Thursday following comments by Federal Reserve chief Jerome Powell that indicated the central bank will ease interest rates. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell told the House Committee on Financial Services on Wednesday (Mar.
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