Labubus are coming to the big screen, according to Sony Pictures and Chinese toy giant Pop Mart, which may or may not be a box office win — here are the top-grossing films based on real-life toys. However, even a smash hit doesn’t necessarily translate into more toy sales. While “Barbie” tops the list, Mattel’s Barbie sales declined for four consecutive quarters prior to the release of the movie, and got only a short bump after.
Stocks sank and oil prices rose on Friday as the war in the Middle East escalated, with the US deploying more troops and warships. All stocks in the Magnificent 7 fell for the second consecutive day. Financials was the best-performing sector. The S&P 500 closed lower for the fourth consecutive week. The Russell 2000 officially entered correction territory.
