WSJ Your Money Briefing What’s News in Markets: Kraft Heinz Split, Macy’s Turnaround, Musk’s Pay
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Sep 6, 2025 Kraft Heinz is shaking things up with a plan to split into two separate businesses. Meanwhile, Macy's is seeing a turnaround that has investors excited about its stock performance. On another front, Elon Musk's eye-popping $1 trillion pay package is up for a vote by Tesla shareholders, raising eyebrows about its implications. The discussion covers recent stock movements and how corporate strategies influence market sentiment.
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Macro Uncertainty Shaped Trading
- Early September trading was mixed with skittishness driven by political pressure on the Fed and jobs data suggesting a rate cut.
- The Dow fell while the S&P and Nasdaq ended the week slightly higher.
Kraft Heinz Plans Strategic Split
- Kraft Heinz plans to split into two companies focused on sauces/spreads and North American grocery staples respectively.
- The breakup follows industry peers unbundling to sharpen focus and unlock value.
Market Reacts Cold To Breakup News
- Kraft Heinz shares dropped 7% the day the split was announced and ended the week lower.
- The market reacted negatively despite the company aiming for clearer business focus.