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Activist investor Carl Icahn reveals stake in Southwest Gas, urging company to drop acquisition

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCCarl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and the activist investor is pushing the Las Vegas-based utility company to drop its rumored acquisition of natural gas company Questar Pipeline."During

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US Bank launches bitcoin custody service as institutions race to cater to crypto demand

People wait in line outside of a mobile US Bank location on July 8, 2020 in Minneapolis, Minnesota.Stephen Maturen | Getty ImagesThe race to cater to institutional investors who want to wager on cryptocurrency is heating up.U.S. Bank, the fifth-biggest retail bank in the nation, announced Tuesday that its

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Stocks making the biggest moves midday: Netflix, Nike, Southwest Gas, Charles Schwab and more

Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City.Drew Angerer | Getty ImagesCheck out the companies making headlines in midday trading.Facebook, Amazon, Apple - Shares of major technology companies led Tuesday's market rebound. Facebook shares rose 2.5% following a

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Fed’s Evans sees inflation falling below central bank’s 2% target after current rise subsides

The current spate of inflation won't last and ultimately will fall below the Federal Reserve's target, Chicago Fed President Charles Evans said Tuesday.While inflation by some measures is running at a 30-year high, Evans told CNBC that the supply chain bottlenecks and other issues will subside and price pressures

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