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☆ How Queen Elizabeth’s coronation helped start Matchbox cars
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

New York CNN —Matchbox, maker of tiny toy cars, is bringing back one if its most important models. It’s not a car, but a little horse-drawn coach, and its success led to the creation of Matchbox toy cars. The new carriage will be in the traditional 1/64 scale used for Matchbox cars. Courtesy MattelDecades later, Elliot Handler, one of the founders of Mattel, noticed his son playing with Matchbox cars. Hot Wheels cars had flashy paint jobs, outsized wheels, impossibly huge (relatively speaking) plastic engines, and only occasionally looked like cars you might actually see on the street.

LOS ANGELES, April 14 (Reuters) - From the first blonde haired Barbie created by Mattel in 1959 to the upcoming "Barbie" film, the iconic doll with small feet continues to make a large impression on generations of fans at the new "World of Barbie" immersive experience in Los Angeles. This trip is not just for young girls, said Lucy Treadway, producer for Kilburn Live, which built the life-sized version of Barbie's Dreamhouse. Fans are encouraged to express their own style at the "World of Barbie" through the viral "Barbiecore" fashion trend of girly pink outfits and accessories. Fans can also buy Barbies and Barbiecore accessories at the "World of Barbie," with plenty of options for customers to embrace their love for the Barbie world. Reporting by Danielle Broadway and Jorge Garcia; Editing by Mary Milliken and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ How these 3 sisters grew up to become highly successful CEOs and a doctor: 'It's helpful to realize the world is often wrong'
▼ + stars: | 2023-03-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Believing in yourself has immeasurable value, says Anne Wojcicki. "It's helpful for people to realize the world is often wrong," she tells CNBC Make It. "When you're swimming upstream, it's hard and you're going to have people telling you it's a bad idea or you're not capable," Anne says. Many of those close relationships remain: Anne says she and her two sisters all still "have the same friends from early elementary school." 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

☆ Russia adding IKEA, Lancome and other luxury goods to parallel import list
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

The mechanism allows Russian companies to buy goods from any company outside Russia, including from the country of the goods' origin, provided they were purchased legally. The Ministry of Industry and Trade's expanded list includes luxury brands, such as Lancome, Giorgio Armani and Yves Saint Laurent, domestic goods brands Wahl and Zanussi, and Japan's Nintendo (7974.T). A view shows the logo of IKEA on a closed store in Kotelniki outside Moscow, Russia July 5, 2022. REUTERS/Evgenia NovozheninaThe updated list was first reported by the Izvestia daily, which said that IKEA would be added towards the summer. "Izvestia has the correct list and it is now being registered with the Ministry of Justice," the ministry said in a statement.

☆ How Lego Beat Barbie and Monopoly
▼ + stars: | 2023-03-07 | by ( Trefor Moss | ) www.wsj.com time to read: 1 min

Less than a decade ago, Lego A/S inched ahead of Barbie maker Mattel Inc. as the world’s biggest toy company. Today, the maker of those brightly colored bricks is generating almost twice the revenue of Mattel, outpacing both it and rival Hasbro Inc., maker of the Monopoly board game and Nerf guns, through the pandemic, recent supply-chain tumult and soaring inflation.

☆ Wojcicki sisters among seven women pioneers getting their own Barbie doll
▼ + stars: | 2023-03-07 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +1 min

New York (CNN) Barbie isn't one to be pigeonholed into a profession just because she's a woman. She's had an impressive 200 careers on her resume — doctor, astronaut, computer engineer, CEO and even presidential candidate. Among them are the Wojcicki sisters — Susan (longtime CEO of YouTube), Anne (CEO of at-home DNA testing company 23andME) and Janet (professor of pediatrics and epidemiology at the University of California, San Francisco). Susan Wojcicki announced in February that was "stepping back" from her leadership role at YouTube after nearly a decade of running the video-sharing platform. She later became Google's 16th employee and has worked at the company for nearly 25 years.

☆ U.S. retailers' ocean shipping price woes ending as new delays threaten
▼ + stars: | 2023-02-27 | by ( Lisa Baertlein | ) www.reuters.com time to read: +4 min

LONG BEACH, Calif., Feb 27 (Reuters) - Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand. dolls to the short-term spot market from the long-term contract market. Volatile spot rates were the first to plummet when pandemic-weary consumers shifted spending from goods to travel and entertainment. Previously loyal customers are aggressively comparison- shopping, spreading their business around and gambling on the spot market, experts said. This time around, importer and exporter shipping managers, whose costs exploded when they were unexpectedly forced into the sky-high spot market, have the upper hand.

☆ Hasbro 2023 profit forecast disappoints as toy demand drops sharply
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Hasbro, Inc. logo is seen on the Star Wars Galactic Snackin Grogu toy in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. Toy demand has typically remained resistant to economic uncertainties, but it fell sharply in the holiday season, with Hasbro rival Mattel Inc (MAT.O) earlier this month projecting 2023 profit below expectations. For Hasbro, Walmart accounted for around 13% of sales, while Target made up for roughly 8% of sales in 2021. The toymaker said it will take a nearly $300 million hit to 2023 revenue from the licenses and brands that it exited. Hasbro said it expects 2023 adjusted earnings in the range of $4.45 to $4.55 per share, well below analysts' average estimate of $4.88 per share, according to Refinitiv data.

☆ Hasbro 2023 forecasts disappoint as inflation hits toy demand
▼ + stars: | 2023-02-16 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/2] The Hasbro, Inc. logo is seen on the Star Wars Galactic Snackin Grogu toy in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. The overall revenue is projected to be down low-single digits, while Wall Street analysts were expecting a 2.5% increase to $6 billion. "It's a cautious outlook...(but) what I'm most concerned about is that Hasbro doesn't lose sight of the consumer products segment," said James Zahn, Editor-in-Chief of trade magazine "The Toy Book". "Consumer products is what Hasbro is rooted in as a business." Hasbro expects 2023 adjusted per-share earnings in the range of $4.45 to $4.55 compared with estimates of $4.88 per share.

☆ Hasbro keeps expectations low for the start of 2023, but sees turnaround coming
▼ + stars: | 2023-02-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Hasbro said it expects revenue for the year to decline in the low-single digits, percentage-wise, which missed Wall Street's expectations. But despite its confidence, the company underperformed in consumer product sales for its fourth quarter. The company announced on Thursday that Magic: The Gathering is on track to be its first billion-dollar brand. Pandemic disruption to its film productions also meant delaying a key revenue stream that had helped buoy sagging product sales. This is the first full quarter since Hasbro announced its three-year turnaround plan in October.

☆ Premarket stocks: Why traders are so infatuated with inflation
▼ + stars: | 2023-02-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: Investors will get some market direction clarity on Tuesday morning with the release of key inflation data. It’s not all about the Fed: Traders are infatuated with CPI, but it’s likely going to affect markets more than it will future Fed policy. “CPI is the big inflation report that affects markets more than any other,” he said. Even beyond housing, the services sector has seen year-over-year inflation higher than 3.9% every month since March 2021, said Chaudhuri. And as Powell noted in Washington last week, the stickiness of core services inflation is his greatest concern.

☆ Barney Is Back With a Reboot, New Look
▼ + stars: | 2023-02-13 | by ( Jennifer Calfas | Denny Jacob | ) www.wsj.com time to read: 1 min

Barney is coming back. Mattel Inc. said Monday it is relaunching Barney, the purple dinosaur who was a staple of children’s television in the 1990s and early 2000s, as an animated character. The reimagined Barney will appear in film, television and other content, including a new animated series set to come out in 2024.

☆ Barney, the Purple Dinosaur, Is Making a Comeback
▼ + stars: | 2023-02-13 | by ( Jennifer Calfas | Denny Jacob | ) www.wsj.com time to read: 1 min

☆ Barney is back: Mattel gives its nostalgic purple dinosaur an animated makeover
▼ + stars: | 2023-02-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Mattel is relaunching its Barney franchise bringing the famous purple dinosaur back to television, film and YouTube content as well as a full range of products including toys, books and clothing. Millennials' favorite purple dinosaur is returning to TV and toy shelves. Mattel is relaunching its Barney franchise through a series of television, film and YouTube videos alongside a line of toys, books, clothing and accessories. "We will tap into the nostalgia of the generations who grew up with Barney, now parents themselves, and introduce the iconic purple dinosaur to a new generation of kids and families around the world." Barney has been off the air since 2010, after a nearly two-decade-long run on "Barney & Friends," a popular live-action children's television show.

☆ Barney the purple dinosaur is back and he has a new look
▼ + stars: | 2023-02-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN —Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant Mattel (MAT) announced Monday that Barney, the friendly (and, let’s be honest, cringe-worthy to a large group of Millennials who watched him as pre-schoolers, and to their parents) purple dinosaur is making a triumphant return to TVs and toy shelves next year. The “Barney & Friends” show, featuring the titular violet-hued T-Rex, aired on PBS in the United States from 1992 until 2010. So no beleaguered actor dressed up in a dinosaur costume marching around and singing to young kids. “With our modern take on Barney, we hope to inspire the next generation to listen, care, and dream big,” Soulie added.

☆ Jim Cramer's top 10 things to watch in the stock market Friday: Stocks stumble, again
▼ + stars: | 2023-02-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

RL (RL) gets price target increase at $135 per share from $115 at Credit Suisse. Bank of America lowers price target on Mattel (MAT) to $21 per share from $26. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more
▼ + stars: | 2023-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Sonos — Shares surged 17% after Sonos reported a big beat in its fiscal first-quarter results. The audio products developer posted per-share earnings of 57 cents, compared to consensus estimates of 40 cents per share, according to Refinitiv. Affirm Holdings — The buy now, pay later finance company slumped 20% a day after its fiscal second-quarter earnings and revenue missed analysts' estimates, according to Refinitiv. Revenue and earnings were both below analysts' estimates, according to Refinitiv. Credit Suisse Group — Shares plunged 14% after the Swiss bank reported a fourth-quarter and annual net loss that missed estimates, according to Eikon.

☆ Stocks making the biggest premarket moves: Tapestry, Credit Suisse, Disney and more
▼ + stars: | 2023-02-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading:Tapestry — The company reported adjusted fiscal second-quarter earnings before the bell of $1.33, beating StreetAccount's estimate of $1.27, and raised its fiscal 2023 earnings outlook. Hilton Worldwide — The hotel operator reported adjusted fourth-quarter earnings of $1.59 per share before the bell, topping estimates of $1.22, per StreetAccount. PepsiCo -- The beverage giant reported adjusted fourth-quarter earnings and revenue before the bell that beat expectations, thanks to price hikes that boosted sales. The company reported $380 million in revenue, below the $397 million expected from analysts, according to Refinitiv. However, the company posted a wider-than-expected loss of $1.53 per share, versus the $1.36 loss per share predicted by analysts.

☆ Mattel Earnings Plunge as Sales Fell 22% in Holiday Period
▼ + stars: | 2023-02-08 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Mattel Inc.’s fourth-quarter earnings plunged as sales fell 22% after cash-strapped consumers pulled back on spending and last-minute holiday purchases weren’t enough to lift results. The maker of Barbie dolls and Hot Wheels cars said Wednesday that overall revenue declined to $1.4 billion in the period that ended Dec. 31 amid a macroeconomic environment that was more challenging than it anticipated. Profit came in at $16.1 million, down 93% from $225.8 million a year earlier. Both measures missed Wall Street expectations.

☆ Stock futures are slightly higher as investors evaluate latest batch of earnings
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly Wednesday night as investors took in more big corporate earnings reports. Futures tied to the Dow Jones Industrial Average rose 40 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each inched higher by 0.1% as well. Investors have been watching earnings season closely for insight on how companies have fared amid high inflation and clues on how they're managing going forward. On Thursday, investors are looking forward to another batch of earnings reports.

☆ Mattel shares tumble after holiday season fails to boost sagging sales
▼ + stars: | 2023-02-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Barbie-maker Mattel posted fourth-quarter results after market close on Wednesday that came in well below Wall Street's expectations after disappointing holiday sales. The company had hoped that the "all-important holiday season" would be a potential buoy for sales as demand has slowed amid inflation. As it enters its 2023 fiscal year, Mattel is projecting adjusted earnings per share for the full year of between $1.10 and $1.20. The project is a part of Kreiz's larger strategy to transition Mattel from purely a toy manufacturer to a multi-segmented house of toy franchises.

☆ Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more
▼ + stars: | 2023-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Disney — Shares of the entertainment company rose more than 6% after the company released its fiscal first-quarter earnings report. Robinhood — Shares rose 5% after Robinhood missed revenue expectations in its latest earnings report. Analysts called for per-share earnings of $1.83 on revenue of $4.59 billion, according to FactSet. Although the company reported $1 billion in revenue for the latest quarter, compared to analysts' expectations of $958 million, according to Refinitiv. MGM beat analysts' estimates on fourth-quarter revenue, posting $3.59 billion compared to the $3.35 billion expected by Wall Street, according to Refinitiv.

☆ Unilever to build Mexico plant as part of $400 mln investment
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 7 (Reuters) - Unilever Plc (ULVR.L) will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday. The plant, which will be located in Salinas Victoria on the outskirts of Monterrey, will manufacture beauty and personal care products, Unilever said. Unilever already operates four plants in the country, which is a key center for exports to other nations, the company said. The newest plant is set to open in 2024, Unilever said. Reporting by Kylie Madry in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Did investors learn nothing from last year’s market meltdown?
▼ + stars: | 2023-02-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of movie theater chain AMC (AMC) have soared nearly 65% so far in 2023, and AMC (AMC)’s companion preferred stock (which trades under the ticker APE as a nod to the nickname AMC (AMC) fans have given themselves on social media) has more than doubled. So did investors learn nothing from last year’s market meltdown? I don’t agree with this market rally in meme stocks,” said Erik Ristuben, chief investment strategist with Russell Investments. Another strategist agrees this recent rally for meme stocks and other speculative bets may not end well. If they’re upbeat about spending, that could keep the rally in consumer stocks going.

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