Hasbro slams activist investor’s proposed board directors amid proxy battle

Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders detailing why its current slate of board nominees … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more

As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more

A hot summer could send rising natural gas prices shooting even higher

Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images US natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%. In the futures market, gas … Read more

Rivian, Amazon, Apple, AMD, Maxar

Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Microsoft as overweight Barclays said in a note Tuesday that Microsoft Teams is an “$ 85 billion opportunity.” “Recently, we have seen increased investor nervousness regarding the future growth opportunities for the Microsoft O ff ice franchise. However, we believe that recognizing the large opportunity … Read more

Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50

After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that … Read more

Will Turkey block NATO membership for Sweden and Finland?

Turkish President Recep Tayyip Erdogan speaks ahead of the peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkey on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, … Read more

Some factories might leave China, but big picture it does not matter

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images BEIJING … Read more

How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

UK threatens to scrap parts of Brexit deal

Johnson will visit Northern Ireland on Monday to hold emergency talks. Daniel Leal | Afp | Getty Images LONDON – The UK government is again threatening to unilaterally override large parts of the Brexit deal agreed with the European Union, raising the prospect of a trade war amid a power-sharing crisis in Northern Ireland. UK … Read more