Company
Hasbro Inc
NASDAQ:HAS
Hasbro Inc is a global play and entertainment company. The company operates through four segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.
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S&P 500 reaches highest level in nearly two years after in-line CPI data
The Dow closed Tuesday up 173 points, 0.5%, at 36,578, the Nasdaq Composite added 101, 0.7%, to 14,533 and the S&P 500 improved 21 points, 0.5%, to 4,644
Concerns mount for Hasbro as Dungeons & Dragons parent company Wizards of the Coast deals with fallout from licensing money grab
Before, anyone could create and sell their own third-party D&D content under what’s called the Open Gaming License (OGL), but earlier this month a revised OGL leaked that would have instituted a 25% royalty on third-party income
Toymaker Hasbro sees quarterly profit miss estimates as higher prices crimp demand
The Transformers toys maker saw its net revenue fall by 15% to $1.68 billion in the third quarter to September 25, 2022, partly dented by a stronger dollar
Hasbro under pressure from activist investor to spin off its hardcore gamers division
Alta Fox Capital Management, which has a 2.5% stake in Hasbro, has nominated five directors for election to the Hasbro board.
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US markets end lower ahead of corporate earnings from major players
At closing, the Dow Jones Industrial Average maintained a flatline change or gaining 1 point at 35,090, alongside the Nasdaq Composite shedding 0.6% at 14,016, and the S&P 500 recording losses by 0.4% at 4,483
Hasbro sparks online controversy as it flip-flops over Potato Head branding
Social media accounts battled over the naming of anthropomorphic potatos.
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US stocks close down sharply amid rising COVID-19 rates and stimulus impasse
White House economic advisor Larry Kudlow told CNBC that aid talks had slowed down, but noted they are still ongoing