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Mattel has released a new Barbie doll in honor of Rita Moreno's upcoming 93th birthday. Rita Moreno holds her Academy Award in 1962. Rita Moreno at the Academy Museum of Motion Pictures on Oct. 19 in Los Angeles. Mattel“It’s an honor to celebrate Rita Moreno as the latest addition to our Barbie Tribute Collection,” said Krista Berger, senior vice president of Barbie and global head of dolls at Mattel. MattelWhile Moreno officially turns 93 on Dec. 11, the doll designed in her honor is already available online at the Mattel shop.

Persons: Rita Moreno's, Moreno, “, Anita, Rita Moreno, Tony, “ Jane, Virgin, Amy Sussman, Mattel “, ”, Krista Berger, Barbie, Lucille Ball, Vera Wang, Laverne Cox, “ It’s, ” Moreno Organizations: Mattel, Latina, Bettmann, Getty Images, Academy Museum of Motion Pictures, of Arts, Kennedy, Peabody Locations: Puerto Rico, New York City, Hollywood, Los Angeles

☆ Adults are buying more and more kids' toys for themselves in a quest for nostalgia and escape
▼ + stars: | 2024-11-13 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Adults accounted for 17.3% of US toy sales in 2023, totaling $6.7 billion, per Circana. Research shows that while overall toy sales are in decline in the US, sales driven by nostalgic adults are on the rise. AdvertisementAccording to Circana's data, despite an 8% overall drop in toy sales last year, adult purchases have stayed robust. The group said that US adults spent over $1.5 billion on toys and games in the first quarter of 2024 alone. A Circana report from June on the US toy industry described adults as the "most important age group" for the industry going forward.

Persons: Frédérique Tutt, Tutt, Steve Totzke, Barbie Organizations: Research, BI, Star, Los Angeles Times Locations: Europe, Asia, Japan, South Korea

Three U.S. airlines have suspended flights to Haiti after a Spirit Airlines jet was struck by gunfire. Some see Rubio as one of the “less MAGA” options but is still someone “Trump’s base could trust,” a Trump ally said. Trump’s first Cabinet pick was Rep. Elise Stefanik of New York, to serve as ambassador to the United Nations. Hours later Trump announced his second Cabinet selection, former Rep. Lee Zeldin, to oversee the Environmental Protection Agency. The State Department is advising against travel to Haiti in the midst of violent political turmoil.

Persons: Donald Trump, Trump, Patrick T, Fallon, Donald Trump’s, Sen, Marco Rubio, Rubio, ”, Trump’s, Elise Stefanik, Lee Zeldin, Zeldin, Joe Biden’s, Stephen Miller, Miller, Mike Waltz, Ruben Gallego, Republican Kari Lake, ➡️ Trump, Christopher Wray, ➡️, —, MAGA, “, Kayla Smith, Jillaine St.Michel, Rebecca Vincen, Brown, Julie Lyons, Emily Corrigan, Jennifer Adkins, Richard Allen, Crews, Aaron Rodgers, Peter Guo, Calpak, Elizabeth Robinson Organizations: Spirit Airlines, Getty, United Nations, The, Republican Conference, Trump, Environmental Protection Agency, Trump’s Cabinet, Green Beret, Armed Services, Foreign Affairs, Intelligence, Democratic, Republican, Senate, State Department, JetBlue, New York City, American Airlines, The State Department, Women, Center for Reproductive, East, New York Jets, Riding Army, NBC, Walmart, Casper Locations: U.S, Haiti, AFP, Marco Rubio of Florida, New York, Israel, Gaza, Florida, Afghanistan, East, Africa, He’s, Arizona, Fort Lauderdale , Florida, Port, Prince, Dominican Republic, Miami, Idaho, Portland , Oregon, Ada County, Indiana, Delphi, West, New Jersey, California, China, Kaifeng, Asia

☆ Mattel’s ‘Wicked’ movie dolls mistakenly list pornography site on packaging
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

Something wicked this way comes on the packaging of Mattel‘s “Wicked” dolls. There’s a website listed on the toy box, but instead of linking to the webpage for the movie adaptation of the Tony-winning musical, starring Cynthia Erivo and Ariana Grande, Mattel has mistakenly listed the URL to a pornographic website. “Hey @Mattel whoever is responsible for your marketing/packaging for the new official Wicked dolls have made a HUGE mistake,” one person wrote on X. “What a dream come true to be realized as Elphaba and Glinda in the form of Sweet Little dolls,” Erivo captioned the post. “Little Cynthia and little Ari are pleased.”Universal Pictures is owned by NBC Universal, the parent company of NBC News.

Persons: Tony, Cynthia Erivo, Ariana Grande, Mattel, “ Mattel, Elphaba, Glinda, “, Grande, “ Little Cynthia, Ari Organizations: Mattel, Universal Pictures, Variety, Consumers, Service, Target, Universal, ” Universal Pictures, NBC Universal, NBC News Locations: U.S, Angeles

☆ Mattel apologizes after mistakenly printing porn site on ‘Wicked’ movie dolls packaging
▼ + stars: | 2024-11-11 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

CNN —Toy manufacturer Mattel has apologized after mistakenly printing the web address of a pornographic site on the packaging of its newly launched “Wicked” dolls. “Mattel was made aware of a misprint on the packaging of the Mattel Wicked collection dolls, primarily sold in the US, which intended to direct consumers to the official WickedMovie.com landing page,” the company said in a statement sent to CNN on Sunday. People who have already purchased the dolls are advised to discard the packaging or obscure the link, Mattel added. The highly anticipated two-part “Wicked” movie starring singer Ariana Grande and Oscar-nominated actress Cynthia Erivo is an adaptation of the famed Broadway musical. The story is a prequel to “The Wizard of Oz” and tells an alternate version of events before Dorothy Gale’s arrival.

Persons: Mattel, “, Ariana Grande, Cynthia Erivo, Oz ”, Dorothy Gale’s, ” Organizations: CNN, Mattel

☆ Mattel apologizes for accidentally printing X-rated link on boxes for 'Wicked' dolls
▼ + stars: | 2024-11-11 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Mattel apologized for including an X-rated site link on "Wicked" doll packaging. AdvertisementToy maker Mattel has apologized for a printing error on the packaging of a line of "Wicked" dolls that listed an X-rated adult site. Related storiesWalmart confirmed it had paused the sale of the dolls as Mattel works to correct the misprint. A completed eBay listing for a Mattel "Wicked" doll with a URL misprint on the packaging. EbayAlthough the "Wicked" dolls are still visible on the Mattel website, the purchase links didn't yield available results on Monday morning.

Persons: Mattel, —, Stanley, Mattel's Organizations: Service, Mattel Locations: Target, U.S

☆ Mattel pulls thousands of 'Wicked' dolls off shelves after printing adult website on packaging
▼ + stars: | 2024-11-11 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Instead of listing the website for Universal's "Wicked" movie, boxes featured a link to a pornographic website for a group called Wicked Pictures. "Mattel was made aware of a misprint on the packaging of the Mattel Wicked collection dolls, primarily sold in the U.S., which intended to direct consumers to the official WickedMovie.com landing page," Mattel said in a statement. Consumers who already have the product are advised to discard the product packaging or obscure the link and may contact Mattel Customer Service for further information." Target , Walmart and Amazon had removed the line of "Wicked" dolls from their online storefronts as of midday Monday, as had Best Buy , Barnes & Noble and Macy's . The mishap comes as Universal floods retail shelves with "Wicked"-related product ahead of the film's Nov. 22 release.

Persons: Mattel, Noble, James Zahn, —, Jaime Katz, Zahn, NBCUniversal Organizations: Wicked Pictures, Mattel, Consumers, Service, Walmart, Amazon, Barnes, Universal, Morningstar, eBay, Facebook, Comcast, CNBC Locations: U.S, Target, NBCUniversal

☆ Painting the town pink and green: 'Wicked' takes over retail ahead of theatrical debut
▼ + stars: | 2024-11-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

These "Wicked" collaborations cross the spectrum from apparel, accessories, footwear, beauty and costumes all the way to home decor, toys and even one-of-a-kind cars. Universal 's theatrical retelling of the famed Broadway musical is creating buzz ahead of its Nov. 22 release with hundreds of merchandise offerings from dozens of retail partners. "Barbie" painted the town pink in 2023, and now "Wicked" is upping the ante by adding a splash of green. The report, which surveyed 2,000 adults in the U.S., also determined that fandom collaborations and partnered releases are most successful among niche super-fandoms. What could also drive demand is the fact that these merchandise collaborations are limited-time only.

Persons: Barbies, Betty Crocker, it's, Evan Hanson Organizations: Walmart, Mattel, Lexus, Gershwin, Broadway, Retailers, Universal, Hollywood Locations: New York City, U.S

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

☆ Katie Stockton says this toy stock is poised to outperform rival in the months ahead
▼ + stars: | 2024-11-04 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Mattel, Hasbro, DeMark, MAT, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

For the period, UPS earned $1.76 per share on $22.25 billion in revenue, above the LSEG consensus estimates of $1.63 per share and $22.14 billion. The company posted earnings of 86 cents per share on revenue of $4.16 billion, above the consensus estimate of 80 cents per share and revenue of $4.05 billion, per LSEG. Newmont – The stock fell more than 4% after the company posted weaker-than-expected earnings for the third quarter. Newmont posted earnings of 81 cents per share, excluding items, on revenue of $4.61 billion. Whirlpool posted earnings of $3.43 per share, more than the $3.20 per share expected by analysts polled by FactSet.

Persons: Elon Musk, Transocean, Newmont, FactSet, Boeing machinists, Molina, Robert Isom, —, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: United Parcel Service, UPS, Lam Research, Bloomberg, Bloomberg News, Mobile, Boeing –, Boeing, Mattel, Wall Street, Honeywell, Northrop Grumman –, LSEG, Southwest Airlines, Revenue, Molina Healthcare, IBM, Whirlpool, FactSet . American Airlines, American Airlines

☆ Mattel, Hasbro lower guidance ahead of holiday season
▼ + stars: | 2024-10-24 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

Mattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter. The lowered guidance comes before the important holiday season, where softened results could have major effects for retail companies such as Mattel and Hasbro. Hasbro cut 1,100 workers last December after weak sales in 2023 continued into the holiday season, while Mattel was carried through by the success of the "Barbie" movie. Aside from building block sets, Hasbro expects the toy market to continue to see a trend of softened sales into the holiday season. "Our expectation is the holiday season will probably continue that trend.

Persons: Chris Cocks, Cocks Organizations: Walmart, Mattel, Hasbro, LSEG, National Retail Federation Locations: Secaucus , New Jersey, Florida

☆ Stocks making the biggest moves midday: Tesla, IBM, Whirlpool, Molina Healthcare and more
▼ + stars: | 2024-10-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Therefore, the company's third-quarter revenue and guidance were not comparable with Wall Street's estimates. ServiceNow posted third-quarter adjusted earnings of $3.72 per share, topping Wall Street's estimate of $3.46 per share, according to LSEG. International Business Machines — Shares tumbled about 7% after the tech giant posted third-quarter revenue that disappointed analysts' expectations. Sales for IBM came out to $14.97 billion in the last quarter, versus the $15.07 billion analysts had expected, per FactSet.

Persons: Tesla, Elon, Newmont, FactSet, Molina, CBRE, Raymond James Financial, Teradyne, Northrop Grumman, ServiceNow, Boeing machinists, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: —, Molina Healthcare, Whirlpool, LSEG . West Pharmaceutical, West Pharmaceutical Services, injectables, Carrier, Northrop, Mattel, LSEG, Boeing, IBM Locations: —, FactSet

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Fisher-Price recalling 2 million infant swings following five deaths
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Fisher-Price is recalling more than 2 million infant Snuga Swings due to a suffocation risk found after reports that five children died sleeping in the device. Fisher-Price is providing a $25 refund to owners who remove those parts, which is available to access on Mattel’s website. Despite that remedy, Richard Trumka Jr., a commissioner of the CPSC, blasted Fisher-Price for not recalling the whole product and said customers should be fully refunded. Fisher-Price has previously recalled other infant swings, including its problem-prone Rock ‘n Play Sleepers. That device was involved in two recalls, including last year when eight infant deaths occurred after its initial 2019 recall.

Persons: New York CNN — Fisher, Price, Snuga, Richard Trumka Jr, Fisher, “, ”, Mattel didn’t Organizations: New, New York CNN, US Consumer Product Safety, American Academy of Pediatrics, Retailers, Target, Walmart, Sam’s, People Locations: New York, United States, Canada, Mexico

He called on Fisher-Price to recall the entire product and reimburse customers for the full cost: around $160. In the last five years, Fisher-Price has recalled several infant products due to safety concerns. Eight more infant deaths followed, prompting Fisher-Price to issue a reminder to consumers last year about the recall. In total, the company has received reports of at least 100 infant deaths linked to the Rock ‘n Play. Then, in 2022, Fisher-Price warned consumers that 13 infant deaths had been linked to its Infant-to-Toddler Rockers and Newborn-to-Toddler Rockers.

Persons: Fisher, Price, Snuga, Richard Trumka Jr, don’t, “, ” Trumka, ” Organizations: U.S . Consumer Product Safety, Fisher, Mattel, NBC, Walmart, Target Locations: U.S, Canada, Mexico

☆ Barbie debuts its first ‘Diwali doll’ ahead of the Hindu festival of lights
▼ + stars: | 2024-10-04 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

A new Barbie will help celebrate the largest Indian festival of the year. Mattel announced the release of its first “Barbie Diwali doll” on Friday in an homage to the Hindu holiday of Diwali, also known as the festival of lights, which is marked on Western calendars as Nov 1. “In celebration of Diwali, Barbie and I are both encouraging fans around the world to celebrate the beautiful heritage of Indian fashion and culture,” Dongre said in a news release. The Barbie Diwali doll comes with golden earrings, “reflecting the radiant lights of the festival.” Rafael Ortega / MattelIn designing the look, Dongre sought to incorporate “modern aesthetics with traditional craftsmanship.” The lehenga features dahlias, jasmine and Indian lotus, which symbolize strength and beauty. “Barbie used to be a more singular reflection of beauty and more one-dimensional,” Mattel’s executive vice president and chief brand officer, Lisa McKnight, told Reuters.

Persons: Anita Dongre, Barbie, ” Dongre, ” Rafael Ortega, Dongre, ” Lalit Agarwal, Rafael Ortega, Celia Cruz, Bessie Coleman, Anna May Wong, “ Barbie, Lisa McKnight, we’ve Organizations: Mattel, Reuters, “ Locations: India

☆ The Gap comeback that might actually be working
▼ + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com time to read: +21 min

Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.

Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, ”, Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, —, Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, “, Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana

☆ The Barbie playbook: How Mattel's CEO is transforming the toy maker into an entertainment company
▼ + stars: | 2024-09-19 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Read previewMattel CEO Ynon Kreiz is trying to transform the toy maker into an entertainment company — but don't look for it to be a funder or distributor in its own right. After 2023's smash success of Greta Gerwig's "Barbie," Kreiz has become one of the most intriguing figures in Hollywood. Kreiz spoke with Business Insider on Wednesday about lessons from Barbie and how he's turning Mattel into an IP company. At a time of massive disruption in entertainment, Kreiz thinks Mattel is well-positioned. But "Barbie" established a blueprint for Mattel's future projects in working with top creatives, providing promotion power, and staying true to its brands, Kreiz said.

Persons: —, Ynon Kreiz, Greta Gerwig's, Barbie, Kreiz, John Cena, . Abrams, Kara Swisher, Mattel, Mattel Mattel, What's, We're, it's Organizations: Service, Mattel, Business, Advance, YouTube, Maker Studios, Disney, Endemol Group, Warner Bros, Procter, Gamble, Adobe Locations: Hollywood, ., New York, billings

Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel company's fiscal second quarter results were released earlier than planned after the company "inadvertently" posted them to its website and then removed them, a Gap spokesperson told CNBC. Gap posted earnings of $206 million, or 54 cents per share, compared with $117 million, or 32 cents per share, a year earlier. The company's second-quarter results didn't blow away expectations, but are solid improvements from where the company was a year ago. Its gross margin came in better than forecast at 42.6%, ahead of the 40.8% that analysts had expected, according to StreetAccount.

Persons: Richard Dickson —, Dickson, They're, Here's Organizations: Navy, CNBC, NYSE, LSEG, Mattel, —, Old Navy Locations: Old

☆ Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
▼ + stars: | 2024-08-28 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick. On Wednesday, Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish kroner, or about $4.65 billion. Last year, Lego saw a trend of consumers "trading down" or opting for lower-priced sets, while still buying the same volume as the year before. Lego has continued to build on pandemic-era growth with a diverse slate of products that cater to kids and adults alike. Sales in the U.S. and Europe remain strong, Christiansen noted, while China sales are flat.

Persons: Niels Christiansen, Christiansen, Barbie, Harry Potter Organizations: Nurphoto, CNBC, Epic, Mattel, Hasbro, Star, Sustainability Locations: Shanghai, China, Danish, U.S, Europe

☆ Nokia phone maker launches Barbie handset for $130 — with no internet
▼ + stars: | 2024-08-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise. HMD, the company behind Nokia -branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts and a classic "flip" design — but no internet or social media apps. The HMD Barbie Phone is a hot pink device that flips open and shut and sports a bold "Barbie" logo on the back, harking back to the iconic fashion doll collection. A U.S. launch is planned "soon," according to HMD, which added that it will reveal exact details of the U.S. launch on social media. Unlike the internet-connected smartphones of today, which are the most widely adopted form factor when it comes to mobile devices, HMD's Barbie phone won't be connected to the internet.

Persons: Barbie, Lars Silberbauer Organizations: Mattel, Nokia Locations: U.S

☆ CEO compensation at some of the largest companies was a whopping 268 times as much as their average worker last year
▼ + stars: | 2024-08-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

S&P 500 CEOs earned 268 times as much as their median worker last year. Some CEOs earned thousands of times as much than their median workers, ALF-CIO reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In 2023, chief executives at S&P 500 companies were compensated 268 times as much as their median worker, the AFL-CIO report found. CEOs at some companies — such as Mattel, Abercrombie & Fitch, and AMC Entertainment — made thousands of times as much as their median workers.

Persons: Trump, —, AMC Entertainment — Organizations: ALF, Service, Companies, American Federation of Labor, Industrial Organizations, AFL, Mattel, Abercrombie, Fitch, AMC Entertainment, Business Locations: United States

☆ Abnormal Security, valued at $5.1 billion amid email security push, eyes eventual IPO
▼ + stars: | 2024-08-06 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

The cybersecurity software contender has more than 2,400 customers, including Maersk, Xerox and Mattel — in all, some 17% of the Fortune 500, according to the company. Cybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion. With Microsoft surpassing $20 billion in cybersecurity revenue last year, competition has picked up among cybersecurity sector incumbents Cloudflare, Zscaler and Palo Alto Networks. Additionally, CrowdStrike veteran James Yeager was recently hired to head up public sector sales, an area that the email security vendor is targeting for growth. In March, Abnormal hired CFO Smita Sanadhya, a former executive at Microsoft Hong Kong and HP as well as startup Okta, which she helped to scale to a $2 billion public company.

Persons: Evan Reiser, Cloudflare, Reiser, Michael DeCesare, James Yeager, Smita Sanadhya, Jeff True Organizations: Twitter, Maersk, Xerox, Mattel, Fortune, Wellington Management, Greylock Partners, Menlo Ventures, Insight Partners, Security, Microsoft, Palo Alto Networks, Software, Cloudflare, CNBC, Forescout Technology, Microsoft Hong Kong, HP, Abnormal Locations: Zscaler, Palo, Exabeam

With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.

Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore

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