Rumors

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...

After a huge run last week, World Wrestling Entertainment, Inc. (NYSE: WWE) stock spiked higher by more than 12 percent Monday after ESPN and other outlets reported that WWE has agreed in principle to a deal that would move “SmackDown” from Comcast Corporation (NASDAQ: CMCSA)'s USA...

The proposed tie-up between Dutch-based NXP Semiconductors NV (NASDAQ: NXPI) and U.S.-based QUALCOMM, Inc. (NASDAQ: QCOM) has been going on for months. What Happened Qualcomm was forced to re-file its application to merge with NXP Semiconductors last month with Chinese regulators, which added...

The U.S. Food and Drug Administration issued an alert on issues discovered in ongoing studies of Merck & Co., Inc. (NYSE: MRK)’s Keytruda Roche’s Tecentriq, according to a headline from Bloomberg. Regulators reportedly found that some patients had decreased survival. Why It’...

World Wrestling Entertainment, Inc. (NYSE: WWE)'s stock was trading higher by 15 percent Thursday morning after a report that rights to the company’s “Smackdown Live” program could soon be up for open bidding as Comcast Corporation (NASDAQ: CMCSA) subsidiary NBC Universal...

Activist investor Elliott Management has liquidated or is liquidating its stake in Taubman Centers, Inc. (NYSE: TCO), according to The Deal. The move could be a “major blow” to fellow activist Jonathan Litt’s Land & Buildings Investment Management and its proxy fight against...

Facebook, Inc. (NASDAQ: FB) is reportedly testing a paid, ad-free site to determine whether such an offering would allay users’ privacy concerns and catalyze growth, but early research suggests it won’t have the intended effect. According to a survey by Alpha HQ, 79 percent of Facebook...

Blue Apron Holdings Inc (NYSE: APRN) has been one of the worst-performing high-profile IPOs in recent years, down more than 75 percent from its $10 IPO price last June. While Wall Street still isn’t getting bullish on the battered stock, it’s bearish sentiment may be softening. Blue...

Amazon.com, Inc. (NASDAQ: AMZN) is offering to negotiate lower charges and pass its discounts on credit-processing fees onto retailers that adopt Amazon Pay, according to a Bloomberg report. The diminished rates are meant to entice retailers generally charged 2-percent fees on credit transactions...