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Campbell's Historic Rebrand Drops 'Soup' to Reflect Diverse Portfolio
The Campbell Soup Company has officially changed its name to 'The Campbell's Company' in a landmark decision reflecting its evolution beyond soup products. This strategic rebranding acknowledges the company's expanded portfolio, which includes popular brands like Goldfish, Pepperidge Farm, and Snyder's of Hanover.
Walmart's $2.3B Vizio Acquisition Bolsters Connected TV Advertising Strategy
Walmart finalizes its $2.3 billion acquisition of Vizio, strategically expanding into connected TV advertising and data analytics. The deal combines Vizio's TV data with Walmart's shopper information, positioning the retail giant to compete against major streaming platforms while maintaining Vizio's independent operations.
Federal Judge Blocks Historic $25B Kroger-Albertsons Grocery Merger
A federal court has halted Kroger's proposed $25 billion acquisition of Albertsons, siding with FTC concerns over reduced competition and consumer impacts. The ruling derails what would have been one of the largest U.S. grocery retail mergers, despite the companies' arguments about competing with major retailers like Walmart and Amazon.
Alibaba to Divest $1 Billion Intime Retail Stake to Youngor Fashion in Strategic Realignment
Alibaba Group is finalizing a $1 billion sale of Intime Retail to Youngor Fashion, marking a strategic shift toward core technology businesses. The deal promises to reshape China's retail landscape by combining Intime's store network with Youngor's fashion expertise.
Honda and Nissan Consider Historic Alliance Amid EV Industry Pressures
Japanese automakers Honda and Nissan confirm exploring collaboration options, including a potential holding company structure, driven by electric vehicle development costs and global competition. The partnership talks between the two companies, which delivered 7.4 million vehicles in 2023, could create one of Japan's largest automotive groups.
Fed Signals More Cautious Approach with Two Rate Cuts Projected for 2025
The Federal Reserve revises its interest rate outlook, reducing projected cuts from four to two for 2025 amid persistent inflation concerns. Chair Powell acknowledges progress in inflation reduction but notes recent stagnation, leading to a more conservative approach that surprised markets.
GameStop Stock Surges After Roaring Kitty's Social Media Return
GameStop shares jumped up to 14% following Keith 'Roaring Kitty' Gill's cryptic post on X, triggering massive options trading activity. The influential retail trading figure's unexpected return has energized meme stock investors, with short interest remaining high at 20%.
MicroStrategy's NASDAQ-100 Inclusion Sparks Rally Amid $1.5B Bitcoin Purchase
MicroStrategy's upcoming addition to the NASDAQ-100 index drives stock surge while the company makes a bold $1.5B bitcoin acquisition. The business intelligence firm's remarkable 547% year-to-date performance and growing crypto holdings cement its position as corporate America's leading bitcoin investor.
SoftBank and Trump Unveil $100 Billion Tech Investment Plan for US
SoftBank CEO Masayoshi Son and President-elect Trump announced a massive $100 billion investment commitment in US technology projects over four years. The Japanese tech giant aims to create 100,000 new jobs focused on AI and infrastructure, doubling their previous $50 billion pledge.