In Focus: Kraft Heinz & Nike
Thanks for checking out this week's In Focus, our look into a company, companies, or markets that made the Wall Street news cycle. This week we bring Kraft and Nike in focus. The Kraft Heinz Company (KHC) experienced a massive sell off on Friday, causing a loss of $16 billion. The $16 billion loss of market capitalization was due to a short list of very bad news. What's on the List There is a $15 billion write-down, which is an accounting term to explain a company reducing th