Toy maker Hasbro Inc. is targeting adults and teens, a growing market segment known as "kidults," with its new strategic initiative "Playing to Win." This initiative aims to increase Hasbro's reach from over 500 million kids, families, and fans today to more than 750 million by 2027 through play-driven engagement and collaborative partnerships.
Ray Dalio, founder of Bridgewater Associates, warns of an imminent debt crisis in the United States due to a severe imbalance between supply and demand, with the debt-to-GDP ratio exceeding 122%. He urges the government to reduce the federal budget deficit to 3% of GDP to avoid potential economic instability.
Canadian retailers are boycotting US products, particularly non-essential items like alcohol, in response to recent tariff disputes and strained relations between the two countries. This move is impacting various segments of the agricultural supply chain and causing uncertainty for American businesses.
J.P. Morgan analyst Ken Goldman has maintained a Neutral stance on The Hain Celestial Group, reducing the price target to $5 from $6 due to weaker sales trends and downward revisions in EBITDA estimates. Despite short-term struggles, Goldman acknowledges that the CEO's strategic approach and brand potential could create long-term opportunities.
Canada has initiated retaliatory tariffs on U.S. goods in response to American tariffs on Canadian metal exports, resulting in criticism from U.S. Commerce Secretary Howard Lutnick, who labeled Canada's approach as "tone deaf." The trade dispute extends beyond metals, impacting various industries, including electric vehicles and dairy products, indicating widespread economic repercussions.