Sources tell CNBC that the billionaire investor may have wanted to unload his Herbalife stake just before he bought a new lot.
For some, the fight for social equality is moving to a new battleground: the banking sector.
Carl Icahn bought 2.3 million shares of Herbalife and criticized Bill Ackman for obsessing over his short position in the company.
Carl Icahn slammed Pershing Square's Bill Ackman for making false statements about Icahn's Herbalife investment.
Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead.
Fed Vice Chairman Stanley Fischer tells CNBC the decision on whether to hike rates should be looking forward not backward.
Yellen and Fischer's comments at Jackson Hole leave markets right where they started the session.
Delinquencies in subprime auto loans are on the rise, and that could signal bad news for lenders and automakers.
Bill Ackman tells CNBC he was approached indirectly by Carl Icahn to purchase a stake in Herbalife — his longtime short target.
Wall Street banks get a lift from Janet Yellen's comments as the market begins to price in a near-term rate hike.
Read Fed Chair Janet Yellen's full speech.
But St. Louis Fed President James Bullard wouldn't be firm, saying he would like to raise rates on good economic news.
"I think the economy is on a good track," Cleveland Fed President Mester said, "the employment numbers show that."
Names on the move ahead of the open.
Some retailers were unprepared for the transition to upgraded payment cards. Gas stations have to make the switch next.
Sources told the WSJ that investment bank Jefferies Group had been looking for buyers for Icahn's stake worth roughly $1 billion.
To push banks to lend for longer periods of time, the central bank used 14-day reverse repos for the first time since February.
China and the U.S. are set to announce their ratification of a landmark climate change pact before the G20 summit, the SCMP reports.
A rate hike from the Fed could spark an Asian stocks sell-off and trigger capital outflows in China, according to Macquarie IM.
"Monetary policy is thwarting goals to strengthen the economy and to make banks safer by now," John Cryan says.