What you need to know on Wall Street right now
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.
Kraft Heinz, the consumer giant backed by Brazilian billionaire Jorge Lehmann and Warren Buffett, has made an approach to combine forces with European peer Unilever.
Unilever has rejected the approach, but Kraft said in a statement that is is looking "forward to working to reach agreement on the terms of a transaction." Unilever said in a statement it does not see the basis for any further discussions.
A deal between the two would put a huge chunk of the world's best known brands in the hands of one company. Here are the bankers working on the proposed deal. Also, something funky happened in Unilever trading just before Kraft Heinz announced it attempted a takeover.
Snap Inc. has released its full IPO roadshow, with executives explaining why investors should buy into their $22 billion IPO. Here's what Snap is telling investors.
A small activist hedge fund founded by a Paul Singer protégé is encouraging Arconic, one of Singer's targets, to listen to him. Samsung's billionaire chief is now in a jail cell with a mattress on the floor and no shower. Mary Barra is about to become the most influential CEO in GM history.
And we talked to the CEO of consulting giant Accenture's North American business about innovation, jobs and business under Trump.
We dug into the drug company Martin Shkreli sold out to the feds, and man is it ugly.
Lastly, a Wall Street psychologist who's consulted on Showtime's 'Billions' outlines five truths of human behavior all her clients must face
Here are the top Wall Street headlines from the past 24 hour
The world's biggest sovereign wealth fund is about to fundamentally change the way it does business - Norway's Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, has formally started the process of shifting the way it goes about business.
Bank of America summed up the huge change taking places in markets in one simple graphic - For seven years after the financial crisis, it was all about Davos Man.
This is the future of financial advice - You might have heard that robots are coming for our jobs.
YANIS VAROUFAKIS: Trump is risking a US debt crisis with "skyrocketing deficits" - Yanis Varoufakis, the outspoken former Greek finance minister, thinks US President Donald Trump risks stoking a Europe-style debt crisis with his economic plan.
Marine Le Pen wants to leave the euro - here's what that might mean for the "new French franc" - French presidential candidate Marine Le Pen is not the biggest fan of the euro.
CEO of $60 billion French investment company: Paris won't beat London post-Brexit because French "are less financially minded" - The founder and CEO of $60 billion French private equity fund Ardian says London will not lose its financial crown to Paris after Brexit.
Deere says the global farming recession may be coming to an end - Deere and Company on Friday reported first-quarter earnings that were higher than expected, and the company offered hope for the future.
Americans have $12.58 trillion of debt - here's what it looks like - Americans' debt balances rose "substantially" in the final quarter of 2016, according to the Federal Reserve Bank of New York.
There's a simple reason the percentage of people owning a home is at a historic low - If it feels like your parents could afford to buy a house when they were your age, and you can't, you're not alone.
DEUTSCHE BANK: These 2 risks could derail the US economy - With the US economic recovery entering its eighth year, there continue to be questions about how much longer it can go on.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market