About 40% of U.S. small businesses intend to raise selling prices by 10% or more amid decades-high inflation, according to a survey from the NFIB. Almost half the small firms are planning increases of 4% to 9%.The Bloomberg Open, April 26, 2022
Gerrick Johnson of BMO Capital on Spin Master:
We have been impressed by the company’s (Spin Master) performance under the leadership of CEO Max Rangel, the company’s first “professional” CEO. Mr. Rangel has led the company for a year. His focus on reducing complexity and his metrics-based approach have been refreshing, and exactly what we think the company needs at this critical juncture in its growth.“Upgrading to Outperform; Winning With Max Effort,” Gerrick Johnson, BMO Capital
A record 70% of U.S. firms boosted wages last quarter, a survey by the National Association for Business Economics showed. And that’s not it for inflation worries—the net share of those seeing increased materials costs rose to the highest since 1984.
45% of firms reported passing on some cost increases to consumers and most anticipate they’ll keep on climbing.Bloomberg news, april 25, 2022
The LEGO Group has opened a new digital office in Copenhagen to support its long-term digital ambitions in the metaverse…The move is one seen increasingly among companies with physical products, like LEGO blocks, that are now transitioning to a Web 3 future where augmented reality and virtual reality offer increased opportunities to earn revenue from non-physical products and services.“Web 3: LEGO Going From Bricks to Bytes With Digital Transition,” The Licensing Letter, April 21, 2022
Model homes that builders are showing off today are meant for working, living and learning — not just coming home and crashing at the end of the day.“How the pandemic is changing home design,” Jennifer A. Kingson, Axios, April 25, 2022
Gen-Z is the unluckiest generation in modern China, Shuli Ren writes. Graduates are entering the worst job market in decades. There are plenty of manufacturing jobs but the young aren’t willing or trained to do them. Gen-X and millennials had a much easier time in China’s economic expansion.The Bloomberg Open, April 26, 2022