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

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

China set to report retail sales and industrial production data for October
Finance

China set to report retail sales and industrial production data for October

Key Points Retail sales in October were forecast to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was expected to have risen by 5.6%. Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago. Source

Read More
Stocks making the biggest moves after hours: Domino’s Pizza, Ulta, Applied Materials, Palantir and more
Finance

Stocks making the biggest moves after hours: Domino’s Pizza, Ulta, Applied Materials, Palantir and more

Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of […]

Read More
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
Finance

Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

Key Points Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in Dallas. Source

Read More