Money

By Danielle Wiener-Bronner, CNN Business A month after setting his sights on McDonald’s over pig welfare, investor Carl Icahn has turned his attention to Kroger. Icahn is planning to nominate two directors to the company’s board over the issue, the retailer said Tuesday. Shareholders will be able to vote for the nominees’ placement on the

By Nicole Goodkind, CNN Business President Joe Biden delivered a strong message to corporate executives this week in his 2023 spending plan: Share the wealth. His administration wants to discourage stock buybacks, which critics say allow ultra-wealthy executives to manipulate markets while funneling corporate profits into their own pockets instead of the economy. Last year,

Opinion by Bill Carter for CNN Business Perspectives While Will Smith apologized to Chris Rock and the Academy Tuesday for the slap heard around the world, it doesn’t detract from the stupidity of his actions or greatly minimize the damage that he has done. Smith could have done a few different things at the Academy

By Lucy Bayly, CNN Business The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than the

By Paul R. La Monica, CNN Business Stocks may be making a comeback lately. Ditto for bitcoin and other cryptocurrencies. But one speculative corner of the market is still in the doldrums: SPACs. Remember all those special purpose acquisition companies that went public and then bought private firms? These so-called blank check deals were all

By Ramishah Maruf, CNN Few people get married thinking they’re going to get divorced. Or about divvying up money or assets after a marriage ends. But more brides- and grooms-to-be are considering that scenario, especially when it comes to prenuptial agreements. Prenups are often met with preconceived notions of a lack of trust or a

By Frank Pallotta, CNN Business Will Smith striking Chris Rock at Sunday’s Academy Awards will go down as one of the most shocking moments in Oscars history. And Brian Snyder was there to document it. The Reuters photojournalist was one of the photographers who captured the moment Sunday and his photo — which captured Smith

By Reuters Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight. An unnamed investor sold 599 million shares on Monday evening, facilitated by Goldman Sachs. The shares are roughly equivalent to

By Charles Riley, CNN Business In the weeks since Russia invaded Ukraine, Moscow has continued to ship natural gas westward and Europe has used the energy to power industry and heat homes. That may be about to change. President Vladimir Putin has demanded that “unfriendly” countries start paying for natural gas with rubles rather than

Scott Galloway, for CNN Business Perspectives Similar to “the internet” or “cryptocurrency” in their infancy, the term “Web3” has entered the public discourse before being widely understood. However, Web3 might be the haziest and most vague of the bunch. Web3 promoters would say it’s a new version of the internet that is owned by users

By Parija Kavilanz, CNN Business Russia’s refusal to rule out nuclear war has put the world in an unsettling reality: The unthinkable is suddenly a possibility — if extremely remote. One drugmaker, Partner Therapeutics, isn’t waiting to take action. The company said it is helping to ramp up supply in Europe of Leukine, a drug