100 million Squishmallows sold in a 12 months — How the toy sensation joined Warren Buffett’s conglomerate

Vital Factors

Berkshire inherited Squishmallows mum or dad Jazwares by its acquisition of Alleghany in the fourth quarter of 2022.
Jazwares founder and president, Judd and Laura Zebersky, now report to and are in normal conversation with Greg Abel, Buffett’s successor.
A whopping 100 million Squishmallow units — with prices ranging from $5 to $30 — ended up sold previous 12 months by itself.
Squishmallows have pushed 40% of Jazwares’ total revenue for the earlier two a long time.

Supply

Finance

Stocks making the biggest moves before the bell: UnitedHealth, Rigetti Computing, Coinbase, Hertz and more

May 13, 2025

Check out the companies making headlines in premarket trading. UnitedHealth — Shares dropped 7% in the premarket Tuesday after the company announced it was suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth also announced CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will replace Witty as chief executive. […]

Finance

Fintechs that raked in profits from high interest rates now face a key test

May 13, 2025

Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]

Coinbase joining S&P 500 days after bitcoin soared past 0,000

Finance

Coinbase joining S&P 500 days after bitcoin soared past $100,000

May 12, 2025

Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source