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Toy makers face dismal outlook after Hasbro’s holiday sales tank

Toy makers are revealing a dire outcome for the holiday season as shoppers scooped up far fewer dolls and action figures than last year, but experts say there’s no relief in sight. Hasbro’s fourth quarter was disappointing, with sales down 23% from a year earlier, it announced on Tuesday, following archrival Mattel’s announcement last week […]

Peloton shares plunge more than 20% after dismal forecast

Peloton Interactive lowered its full-year revenue forecast amid a two-year restructuring effort, sending the exercise equipment maker’s stock to an all-time low on Thursday. The stock price fell 24% to a low of $4.17, and closed at $4.21 on Thursday. The company now expects full-year 2024 sales to be between $2.68 billion and $2.75 billion, […]

Citigroup CEO Jane Fraser begins plan to ax 20,000 jobs after dismal Q4: sources

Citigroup Chief Executive Jane Fraser held a conference call Thursday with managing directors to announce a sweeping overhaul of the bank that will cut more leadership roles starting this week, two people familiar with the situation said. We talked about it. Managers in the markets, risk and investment banking divisions will be let go as […]

Trump leads Biden in Georgia poll amid Dem’s ‘dismal’ numbers with independents

Vice President Kamala Harris: Will defeat Trump again in 2024 Steamboat Institute Blankley Research Fellow Kayleigh McGee White joins “Fox & Friends First” to discuss why she believes Harris is the most “unpopular” vice president in American history, and to explain why she believes Harris is the most “unpopular” vice president in American history. We […]