Kellogg Co announced plans to split into three separately listed businesses. The aim is to turbocharge sales and profit growth. But the maker of Pop-Tarts and Pringles is also providing something for potential bidders to snack on. Kellogg will spin off its North American cereals arm and plant-based food unit from its global snacking operation. The shares rose as much ...

  Italian family wealth — illiquid assets, mostly property, and financial instruments, held by the country’s households across all classes — has long been a pillar of economic strength in the heavily indebted nation. It’s in focus again as the war in Ukraine, energy price shocks and inflation weaken the country’s outlook. At 10 trillion euros ($10.55 trillion), such wealth ...

  For central banks, the pandemic may have been the easy part. To buttress economies and markets during the early days of Covid-19, authorities pumped huge sums into the financial system. They could worry about the hangover later, or so the thinking went. And judging by the previous decade, stimulus-driven inflation was a nonissue. Nobody wanted to be accused of ...