Rumors

The prospects for a Sprint Corp (NYSE: S)-T-Mobile Us Inc (NASDAQ: TMUS) merger just got a little bit better. What Happened The U.S. Department of Justice is of the mind that just three national 5G wireless providers are needed for sufficient competition, according to a report by the New York Post...

Activist investor Carl Icahn has accrued a stake in CIGNA Corporation (NYSE: CI) that he intends to leverage to block the Express Scripts Holding Co (NASDAQ: ESRX) merger, according to a Wednesday report from the Wall Street Journal. Express Scripts plunged 6.5 percent while Cigna popped 4.7...

Kraft Heinz Co (NASDAQ: KHC) has a soup craving. According to the New York Post, the company is interested in acquiring Campbell Soup Company (NYSE: CPB), which announced a strategic review last month. Why It’s Important The alleged attraction follows a nearly 20-percent Street retreat on...

Molson Coors Brewing Co (NYSE: TAP) has entered discussions with several Canadian cannabis companies about investing and collaborating on cannabis-infused beverages, according to a BNN Bloomberg report. Molson Coors is seeking “a high quality product that isn’t going to embarrass them...

GameStop Corp. (NYSE: GME) spiked more than 9 percent Monday afternoon after Reuters reported sales talks with private-equity buyers. Update: On Tuesday morning, GameStop confirmed it has held exploratory talks with third parties. Why It’s Important The board may be considering a buyout...

Walmart Inc (NYSE: WMT) could soon compete with Amazon.com, Inc. (NASDAQ: AMZN)'s cashierless Amazon Go stores with the help of Microsoft Corporation (NASDAQ: MSFT), according to Reuters. What Happened Amazon's checkout-free Amazon Go retail stores may become...

Apple Inc. (NASDAQ: AAPL) advised its supply chain to cut iPhone component production by about 20 percent in the back half of the year, according to a Friday report from Nikkei Asian Review. The tech giant expects to ship just 80 million iPhone units this year against the 100 million forecasted...

As it advances its infiltration of American homes, Amazon.com, Inc. (NASDAQ: AMZN) is considering a foray into home insurance, according to a Wednesday report from The Information. Why It’s Important The offering, in itself, introduces fresh competition for existing insurers. However,...

Apple, Inc. (NASDAQ: AAPL) is reportedly going all-in on OLED screens for its 2019 iPhone models — news that could have a major impact on iPhone margins and Apple suppliers. What Happened Unnamed industry sources said all three of the iPhone models Apple is planning for 2019 will come...