Wednesday, September 23
Kraft Heinz is preparing to break itself up, the Wall Street Journal reported on Friday, at a time when the packaged food maker is grappling with persistent weakness in demand for its higher-priced brands. The company is looking to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own, the report said, citing people familiar with the matter. The potential move would leave the company with housing goods such as sauces and spreads such as Heinz's namesake ketchup and Dijon mustard brand Grey Poupon. Shares of the company were up 1.6% in afternoon trading. Kraft Heinz declined to comment on the report, but referred to its May announcement of evaluating potential strategic transactions to unloc
For the markets, June ended on an unmistakably optimistic note. With the Nifty just about 2% shy of its all-time high, chartists were quick to anticipate an imminent breakout. But now, well into July, in hindsight the market seemed to have played a clever trick— charming chartists with a breakout in the final days of June, only to stall and leave them grappling with what appears to be yet another false alarm.As much as one would want to pin the blame on the chartists, it would be unfair to find fault with them. After all, the surge in momentum during late June—despite persistent headwinds ranging from global geopolitical tensions to erratic macro signals including tariff tantrums—gave every impression of strength. Deceptively, it was easy to believe we were on the cusp of the next le
