Today is Wednesday, June 18, 2025.

The Early Bird Index today is 81.97

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Hasbro Layoffs (Thanks, Tariffs)

As Hasbro $HAS ( ▼ 3.25% ) expects to incur higher costs due to the recent tariffs, it appears the toymaker will also make a workforce change.

Details: The Wall Street Journal reported on Tuesday that Hasbro is cutting 3% of its workforce, which amounts to about 150 employees. The company did not respond to the report.

Background: In April, Hasbro CEO Chris Cocks said during an earnings call that tariffs could lead to higher consumer prices and job losses.

Early Bird’s Nest Egg Gains: Hasbro manufactures the vast majority of its toys in China and Vietnam, making it highly exposed to recent U.S. tariffs.

• Hasbro’s consumer products (toys) segment already operates on slim margins and has been experiencing revenue decline.

• The unpredictability of tariff policies has forced Hasbro to suspend its full-year guidance for 2025.

Final Thoughts: Despite the tariffs, Hasbro’s stock is up 19.62% this year.

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Notables

Notable Earnings Today: Smith & Wesson Brands (Nasdaq: SWBI), GMS (NYSE: GMS), Korn/Ferry (NYSE: KFY), Aurora Cannabis (Nasdaq: ACB), LiveOne (Nasdaq: LVO).

Notable IPOs Today: Caris Life Sciences, Inc. Common Stock (Nasdaq: CAI), Slide Insurance Holdings, Inc. Common Stock (Nasdaq: SLDE), Pioneer Acquisition I Corp Units (Nasdaq: PACHU), LightWave Acquisition Corp. Units (Nasdaq: LWACU), Axiom Intelligence Acquisition Corp 1 Units (Nasdaq: AXINU), Enigmatig Limited (NYSE American: EGG).

Notable Equity Crowdfunding Campaigns Ending Today: Diem (Wefunder), Perrystead Dairy (SMBX).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Housing Starts (8:30 a.m. ET), Building Permits (8:30 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Fed Interest Rate Decision (2:00 p.m. ET), FOMC Statement (2:30 p.m. ET), FOMC Press Conference (2:30 p.m. ET), TIC Net Long-Term Transactions (4:00 p.m. ET).

La-Z-Boy Experiences "Volatility"

La-Z-Boy $LZB ( ▼ 0.41% ) ticked up 0.62% in after-hours trading on Tuesday after the furniture manufacturer posted mixed financial earnings results.

Financials: La-Z-Boy reported earnings of 92 cents per share in the past quarter, which were lower than expected. The company’s revenue during the quarter of $571 million was better than expected.

Details: Retail sales increased 8%. The wholesale business grew 2%.

Powering the Story: La-Z-Boy said it faced “considerable volatility during the quarter.” It also expects continued volatility this year due to macroeconomic uncertainty. 

Final Thoughts: It’s been a rough year for La-Z-Boy. The stock is down 10%.

Hyperliquid Falls After Reaching All-Time High

A few days ago, the price of the cryptocurrency Hyperliquid reached a new all-time high of $45.72. Then on Tuesday, the price fell about 5%.

Details: It appears Tuesday’s decline is likely due to profit-taking after the price reached an all-time high.

Final Thoughts: Hyperliquid is up 50% in the last 30 days. As with most altcoins, it can be volatile and risky.

Trends to Watch

Stable Momentum: Senate passes stablecoin bill, turning focus to House (The Block)

Going Small: AI will shrink Amazon’s workforce in the coming years, CEO Jassy says (CNBC)

Crude Awakening: Oil prices rise more than 4% as Iran-Israel conflict escalates (Reuters)

No Sun: Solar stocks sent reeling by Congress (The Street)

Going Banking: Silicon Prairie Aims to Acquire a Bank, Looks to Raise Money in Securities Offering (Crowdfund Insider)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}