Kenvue Inc. Tylenol brand pain reliever for sale at a pharmacy in New York, US, on Wednesday, March 27, 2024. Bloomberg | Bloomberg | Getty ImagesShares of Kenvue fell more than 10% on Friday after a report that Health and Human Services Secretary Robert F. Kennedy Jr. will likely link...
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Pepsi shares jump as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity
Pepsi soft drinks are displayed at a convenience store in San Francisco, California.Justin Sullivan | Getty ImagesPepsiCo shares popped Tuesday after Elliott Investment Management took a significant stake as the activist investor sees a "rare" and "historic" opportunity for a turnaround in the iconic soft drink giant.Shares of PepsiCo climbed...
Yieldstreet tells investors in $89 million worth of marine loans to expect losses
Cargo containers stacked aboard a ship at the Jakarta International Container Terminal in Tanjung Priok Port on Aug. 7, 2025.Str | Afp | Getty ImagesThe private market assets platform Yieldstreet struck a deal to recoup some of its legal expenses for an ill-fated series of marine loans — but its...
Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month.Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau...
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states
Taylor Swift attends the 67th GRAMMY Awards on February 02, 2025 in Los Angeles, California.Frazer Harrison | Getty Images Entertainment | Getty ImagesA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight...