Funding constraints and investor caution, not regulation, are delaying crypto IPOs, according to Cohen & Company Capital Markets’ Christian Lopez.
BUSINESS
Hasbro just made a bold move with a beloved classic
Almost everyone has a Play-Doh memory. The smell, the texture, the way it dried out if you left the lid off. Hasbro has been sitting on that nostalgia for 70 years and this week it decided to do something new with it.Hasbro launched Blooms by Play-Doh on July 9, the brand’s first product line aimed specifically at grown-ups. Instead of sculpting whatever you feel like, these kits walk you through making realistic floral arrangements you’d actually want to keep. It’s Play-Doh, but for your bookshelf.What the kits look like and where to get themSix kits are available right now, each themed around a different floral style and priced somewhere between $25 and $40, NBC News reported. Each one comes with the compound, tools, molds, a vase and a finishing spray: everything you need to actually complete the arrangement. Hasbro also sells refill packs separately if you want to keep going after the kit runs out.More Retail:60-year-old retailer closes over 240 locations across 35 statesRetail giant exits U.S. fashion after multi-million-dollar scandal79-year-old fast-fashion retailer closes 128 storesYou can pick them up at Amazon, Target and Walmart, though not every retailer has all six. Hasbro has also put step-by-step tutorials on YouTube. On July 16, select kits go live on TikTok Shop for the first time.The burnout numbers that convinced Hasbro to do thisHasbro didn’t just guess that adults might want this. The company surveyed more than 10,000 adults globally before green-lighting the launch, according to its press release. About one in seven adults already use arts and crafts to decompress. Nearly 80% of Gen Z and Millennials say they feel burned out. That’s the market Hasbro is going after: people who want something to do with their hands that doesn’t involve a screen, and who want the finished result to actually look good enough to keep around.Brian Baker, the Senior Vice President for Play-Doh at Hasbro, put it this way:”The Play-Doh brand has always been about the limitless possibilities of imagination. That feeling doesn’t fade as you grow up, it evolves. Blooms by Play-Doh serves that need, offering a more elevated, hands-on way to slow down, get lost in the process and create something beautiful you can enjoy long after you’ve made it.”The key word there is “long after.” Blooms isn’t being sold as something you play with and put away. It’s pitched as something you make, finish, and actually display. That also changes who you could give it to. A $40 floral craft kit with a vase included reads very differently as a gift than a toy does, which opens up a whole other reason someone might buy it beyond just personal use.
Adults buy differently from kids. They research more, spend more per purchase, and if they like something they come back for it.Cindy/Getty Images
LEGO already showed this worksHasbro isn’t the first toy company to try this. LEGO launched its botanical collection in 2021 under a line it called LEGO Sets for Adults, and those flower bouquets and bonsai trees became some of the brand’s best sellers. People buy them, build them, and put them on a shelf. The kits sell for $50 and up and nobody really thinks of them as toys anymore. That’s exactly the repositioning Hasbro is going for with Blooms.Play-Doh is chasing the same buyer, Retail Dive reported. There are already established brands serving adult crafters in this space. FIMO and Sculpey have had the serious clay hobbyist market to themselves for years, but those brands are niche. Play-Doh has something they don’t. Almost every adult already knows what it is, how it smells, and how it feels. That’s a head start no marketing budget can buy.Kristen McLean, VP of client insights at Circana’s Entertainment Knowledge Group, noted that “the toy industry’s promising start to 2026 reflects a unique intersection of resilient demand and evolving consumer behavior.” Hasbro’s Blooms launch sits right in the middle of that shift.What this means for Hasbro beyond one productAdults buy differently from kids. They research more, spend more per purchase, and if they like something they come back for it. Refill packs that keep someone making more arrangements are the kind of thing that doesn’t really exist in the children’s toy market. Hasbro is banking on that difference being meaningful here.The TikTok Shop launch on July 16 is also telling. Grown-up craft buyers don’t browse toy aisles. They find things on social media, watch someone make it, and click through to buy it. Hasbro knows that, which is why it’s launching on TikTok the same week the kits go on shelves.If Blooms catches on, it also raises a question Hasbro will probably start asking about its other brands. Monopoly, Nerf, Transformers, Dungeons and Dragons, Magic: The Gathering, all names with serious emotional pull among adults who grew up with them. Play-Doh going first is as much a test of the idea as it is a product launch.Related: Walmart’s new partnership brings iconic beauty brand to stores
Best Buy is selling a $60 Bluetooth soundbar with 4 audio modes for just $45
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWhat’s the point of having a nice television if you don’t have a sound system to match? While that used to mean you needed a full stereo receiver with surround sound speakers, things have changed. These days, if you get the right soundbar, you can create an immersive soundscape in your living room with a single device. Thanks to Best Buy, such a speaker is easier to find than ever. What’s more, they’re even more affordable than they’ve ever been. That may not stay in stock, according to the retailer, so getting a great deal now is probably the best thing you can possibly do. One of the electronics retailer’s best soundbars is on sale, and we think it’s worth your attention.The Insignia 32-Inch Bluetooth Soundbar is available for only $45. That’s a discount of 25% off the original price of $60. Even at the regular price, this soundbar was a steal, but at the sale price it’s borderline unbelievable. That’s why you’d be wise to grab one now while they’re still in stock.Insignia 32-Inch Bluetooth Soundbar, $45 (was $60) at Best Buy
Courtesy of Best Buy
Shop at Best BuyWhy do shoppers love it?This isn’t your average Bluetooth speaker. It’s a dual-channel stereo soundbar that expands the capacity of your television’s standard speakers. It has four distinct audio modes, including standard, theater, news, and night. Each mode offers a different sound profile to make whatever you’re watching as easy to hear and enjoyable as possible. What’s more, with the Bluetooth connection, you can hook into your phone, tablet, or any other device for streaming your favorite music as well.Another benefit of the Bluetooth connectivity is the plug-and-play nature of setup. It’s just about as easy to connect to this soundbar as it is to your headphones or any other portable audio equipment. If wireless isn’t your thing, the soundbar also comes equipped with an HDMI ARC port, so you can plug directly into the back of the television. It also includes a sturdy wall mount, so you can place the speaker out of the way, either above or beneath your TV.The speaker has an equalizer function as well, so you can adjust the bass and treble levels to get the perfect balance for your needs. Adding to the soundbar’s convenience are built-in buttons for controlling power and volume. You also get a remote control, allowing you to manage your home theater system from across the room. Because of its simple yet brilliant design, this soundbar is one of the most user-friendly models on the market. Thanks to the current sale price, it’s also currently one of the most affordable too.Related: Amazon is selling $160 noise-canceling earbuds for just $17Best Buy customers were as excited by this speaker as we are. One reviewer said they “bought two,” before adding that it was the “best soundbar I’ve owned…This sounds crisp, punchy, and solid. Incredibly easy to set up.”Shop more deals Onn 20-Inch Bluetooth Soundbar, $30 (was $40) at WalmartUltimea 16-Inch Bluetooth Smart Soundbar, $47 (was $76) at AmazonTCL S Class Bluetooth Soundbar, $130 at TargetIf you’re a fan of quick and easy setup paired with high-end sound, then the Insignia 32-Inch Bluetooth Soundbar is perfect for you. This sale price probably won’t last long, though. As such, we recommend taking advantage while you still can, because this sounds like a great deal.
Is it better to spend my savings now so I can delay taking Social Security? How do I choose?
“By claiming earlier, I could preserve more of my portfolio and allow those assets to continue compounding.”
Morgan Stanley drops timely Honeywell stock opinion
Honeywell Aerospace (HONA) officially became an independent, publicly traded company on June 29, 2026, and Wall Street has already made up its mind on the stock.The company separated from Honeywell International on June 29, 2026, and landed on the Nasdaq as HONA.The parent kept the HON ticker and now operates as Honeywell Technologies. On Monday, July 6, 2026, Jim Cramer told viewers HONA had more room to run than Boeing or GE Aerospace. A day later, Morgan Stanley opened coverage with an Equal-weight rating. The bank’s outlook aligned with the market consensus that the company is a high-quality business currently trading at a fair price with limited immediate growth potential. Let’s see what that means for investors.Morgan Stanley starts Honeywell Aerospace at equal-weightAnalyst Kristine Liwag initiated coverage of Honeywell Aerospace on July 8 with an equal-weight rating and a $255 price target, Investing.com reported. Equal-weight is the bank’s neutral call, meaning it expects the stock to track the rest of its aerospace coverage over the next 12 to 18 months.Morgan Stanley is roughly the 10th firm to rate HONA since the spinoff, and its $255 target now sits just below a $263.50 consensus.Wells Fargo and TD Cowen both landed at $250, Jefferies went with $235, and RBC is the outlier at $300. HONA closed Wednesday at $224.35, according to Yahoo Finance.
Honeywell Aerospace began trading independently on the Nasdaq under the ticker HONA on June 29, 2026tupungato / Getty Images
Reasoning behind Morgan Stanley’s ratingLiwag’s team is not disputing the business. Honeywell Aerospace runs a “develop once, deploy everywhere” model. It builds a technology once and sells into commercial jets, business aviation, defense, and space.That model keeps margins high. Morgan Stanley projects an adjusted operating margin near 25.3% by 2028.This margin is among the highest in the industry, which the company has led since building the first autopilot in 1914.Related: History of Honeywell: Company timeline, milestones & factsHowever, revenue and operating profit are each forecast to grow about 8% a year in 2028, while peers grow closer to 10.5% and 12.5%. This means HONA’s margins near the top have little room to expand, and JPMorgan expects them to stay flat.High margins with slow growth earn a market multiple, not a premium.The commercial share loss that could shrink Honeywell’s best businessCommercial aftermarket, the parts-and-repair business that pays out for decades after a plane is sold, accounts for about 44% of Honeywell’s sales. This lucrative revenue stream is only possible because Honeywell won the initial equipment contracts.Morgan Stanley found Honeywell’s commercial and regional original equipment revenue in 2025 landed roughly 35% to 45% below its 2004 and 2009 levels.More Aerospace Stocks:Jim Cramer says it’s time to buy another aerospace stock before it takes offGoldman Sachs revamps SpaceX stock price target for 2026 Honeywell approves aerospace spinoff to launch 2 public companiesThis happened after the revenue was adjusted for inflation, and the industry delivered far more aircrafts.Rivals moved the other way. TransDigm (TDG) has said its content on the Boeing 787 climbed more than 35%. Collins, now part of RTX, also doubled content on new-generation jets.Older planes retire, and if Honeywell has less equipment on the jets replacing them, the aftermarket annuity shrinks quietly.The defense budget does the heavy lifting for HONA bull caseDefense and space contributed about 41% of 2025 revenue, and that is where the near-term momentum is. Honeywell holds content on 11 of the 12 high-priority munitions programs backed by the 2027 budget request. The request proposes roughly tripling missile procurement funding compared to 2026.The company signed a supplier framework agreement with the Department of War in March. It also committed $500 million to expand production of navigation systems, Assure missile actuators and electronic warfare hardware, Honeywell Aerospace confirmed.Not every framework agreement converts on schedule, and defense revenue moves with appropriations and export licenses.How Honeywell Aerospace could reach $355Morgan Stanley published three scenarios, and the spread is wide.Bull case, $355: Revenue grows about 10% a year, supply chains normalize, margins expand about 110 basis points, and free cash flow conversion hits roughly 100%.Base case, $255: Revenue grows about 8%, margins stay flat near 25.3%, and the stock earns a peer-average multiple.Bear case, $175: Revenue growth slows to about 5%, margins contract, and supply chain bottlenecks bite.Free cash flow conversion decides the outcome, and the bank forecasts about 93% in 2028 against a competitor benchmark near 97%. Free cash flow is cash left after operations and capital spending.Why Cramer and Morgan Stanley disagree about HONA stockCramer expects the pullback to continue as institutional investors finish repricing the newly independent company. However, that theory has a complication. HONA entered the S&P 500 and S&P 100 on its first trading day, S&P Global reported, so index funds had to buy it immediately.A stock every S&P 500 fund owns is not undiscovered.While Morgan Stanley focuses on where 2028 earnings will settle, the stock’s strong debut offers little insight into that.HONA is not a discount at $224, but rather a fairly valued supplier. While backed by a strong defense catalyst, uncertainty remains over the commercial franchise driving the bulk of its profit.Key metrics to watch include next-gen aircraft content wins and free cash flow conversion across the 2027 and 2028 reports.Related: Beaten-down stock lets you buy SpaceX below market price
FC Barcelona Reaches ‘Total Agreement’ For Top Young Talent
FC Barcelona has reached a “total agreement” to sign a top young European talent in Jesse Bisiwu according to SPORT and journalist Sacha Tavolieri.
Ella Langley Ties Miley Cyrus, Charli XCX And ‘Encanto’
Ella Langley’s “Choosin’ Texas” ties with hits by artists like Miley Cyrus and Iggy Azalea as one of the longest-running No. 1s on Billboard’s Streaming Songs chart.
Bank of America lifts target on viral appliance stock after Prime Day
Amazon Prime Day may be over, but the sales event gave one appliance maker a bigger Wall Street story.SharkNinja, the company behind Shark vacuums and Ninja kitchen appliances, has built a business around making everyday household products feel more exciting.The appliances are sold through major retailers, online channels, and direct-to-consumer platforms. This has given shoppers several ways to buy products that often gain traction through social media, reviews, and big retail events.And the strategy is showing up in the company’s sales data and analysts’ bets on the stock.Bank of America raises SharkNinja price targetIn a recent note shared with TheStreet, Bank of America reiterated its buy rating on SharkNinja and raised its price target to $165 from $145.BofA analyst Andrew Didora said Nielsen point-of-sale data showed domestic SharkNinja product sell-through increased 17% for the week ending June 20 and 86.2% for the week ending June 27.More Bank of America:Bank of America gives stock market investors a summer reality checkBank of America revamps interest-rate forecast for rest of 2026Bank of America takes firm position on inflation, economyOn a combined basis, sell-through grew 51.5% year over year, according to the note, which prompted the firm to raise SharkNinja’s price target.According to the data, the increase in sales was driven by Amazon’s Prime Day timing and viral interest in products such as the Ninja SLUSHi and Shark ChillPill.The new increase by BofA matters more because SharkNinja’s stock has already had a strong run. Latest data show the stock trading at $152.125, close to the company’s 52-week high of $154.04, reached on July 2. Overall, the company’s stock is up more than 36% year to date and 37% over the past year, at the time of writing.
SharkNinja’s stock is up 36% year to date.Foltin/SharkNinja via Getty Images
What is sell-through?Sell-through is important because it measures how many products move from retailers to shoppers, not just shipments into stores. That makes it a useful early signal ahead of earnings because it shows whether consumers are actually buying the products retailers have on shelves.BofA said SharkNinja’s second-quarter domestic sell-through is now tracking up 25.7%, compared with 18.4% two weeks earlier and well above 2.6% industry growth.The firm said the sharp increase was driven partly by the timing of Amazon’s Prime Day, which ran June 23 through June 26 this year, compared with July 8 through July 11 last year. This pulled some demand into late June, meaning SharkNinja will face tougher comparisons in early July.Still, BofA said the data was strong enough to support a higher valuation, and the firm remains comfortable with its 10% domestic growth estimate for the second quarter.The $165 target implied 10.8% upside from BofA’s July 7 price of $148.92. With the stock now closer to $152, the target still implies about 8.5% upside.Viral Shark and Ninja products boost salesSharkNinja is turning everyday appliances into products people talk about online, which has contributed to its viral growth.BofA said direct-to-consumer platforms add an estimated 200 to 300 basis points to SharkNinja’s sales growth. That makes viral moments on platforms like TikTok more important, as they can help push specific products into shoppers’ carts.Recent summer products appear to be helping. BofA said influencer videos highlighting the Shark ChillPill generated nearly 3 million views over the past week. Meanwhile, a recent post from tennis player Aryna Sabalenka surpassed 3 million views. The Ninja SLUSHi and Ninja Frost Vault Cooler also saw strong engagement, with three SLUSHi-related influencer videos accumulating more than 7 million views in recent weeks.An official SharkNinja SLUSHi Twist video reached 800,000 views in a few days, while a Ninja Frost Vault Cooler video topped 500,000 views after one day, according to the note.That kind of traction matters because small appliances are a competitive category, and many shoppers are still cautious about discretionary purchases. A viral product can help a company stand out in a market where shoppers are comparing price, usefulness, and reviews before buying.BofA also highlighted SharkNinja’s TikTok Shop bestsellers. For Ninja Kitchen, the top products included:Ninja Single-Serve Specialty Coffee MakerNinja Belgian Waffle Maker ProNinja SLUSHi Professional Frozen Drink MakerNinja CREAMi XL Ice Cream & Frozen Treat MakerNinja BlendBOSS Tumbler BlenderFor Shark Home, bestsellers included:Shark HydroDuoShark StainStrikerShark WandVac Cordless Handheld VacuumShark HEPA Air PurifierShark Navigator Lift-Away Deluxe Upright VacuumSharkNinja’s Q1 results reveals BofA’s interest in sales dataSharkNinja’s latest earnings provide more context to BofA’s bullish view.The company reported first-quarter net sales of $1.41 billion, up 15.6% year over year. Adjusted net income rose 25.1% to $154.8 million, and adjusted earnings per share increased 25.3% to $1.09.SharkNinja also raised its fiscal 2026 outlook. The company now expects net sales to increase 11.5% to 12.5%, above its prior forecast of 10% to 11%. It also expects adjusted earnings per share of $6.00 to $6.10, up from its earlier range of $5.90 to $6.00.The growth was broad enough to explain why BofA is paying attention to multiple product categories.Cleaning Appliances’ net sales rose 17% in Q1, driven by carpet extractors and corded vacuums. Cooking and Beverage Appliances rose 19.8%, helped by the Ninja Luxe Café espresso machine and Ninja Crispi. And Beauty and Home Environment Appliances jumped 40.8%, driven by skin care products.International growth was also strong. SharkNinja said international net sales rose 31.6% in the first quarter, helped by global expansion and the introduction of existing product categories into new markets.On the company’s earnings call, CEO Mark Barrocas said consumers were actively seeking out SharkNinja products and incorporating them into their daily lives. Management added that direct-to-consumer and TikTok Shop channels were growing faster than the overall domestic business, though the company did not break out exact figures for those channels.That fits BofA’s broader argument. SharkNinja is not just relying on one hit appliance. The company is trying to turn product innovation, social media, direct selling, and retail partnerships into a repeatable growth engine.SharkNinja still faces consumer and tariff risksThe bullish case has limits.BofA said downside risks to its SharkNinja price target include a slowing macro environment that could pressure higher-ticket product categories, increased tariffs, and increased competition. Those risks are not theoretical. SharkNinja said in its Q1 release that gross margin pressure was partly tied to tariff costs in the U.S. market. The company also warned that uncertainty around tariffs, geopolitics, and global economies could affect its outlook and future results.This is relevant not just to the company but also to consumers because tariffs and cost pressures can eventually influence pricing and promotions.It also matters for investors, since SharkNinja’s recent stock gains leave less room for disappointment if sales trends cool after Prime Day or if viral product demand proves temporary.For now, BofA sees the momentum continuing.For shoppers, the question is whether SharkNinja can keep creating products that feel useful, distinctive, and viral enough to justify the purchase. For investors, the question is whether that demand can keep outpacing the broader appliance market after Prime Day fades.Related: Bank of America sets alarming SpaceX stock price target
Walmart has a boho-inspired 6-tier adjustable shoe cabinet for $106
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealFinding easy ways to keep your home tidy can help you feel more relaxed and streamline the daily tidying-up process. Oftentimes, we start to overlook piles of items around the house — such as bags and mail on the counter, jackets hanging on the bannister, and shoes piled in the entryway. Creating a designated storage spot for these items can keep them out of the way while also being easier to find. Opting for a small storage cabinet in the entryway or mudroom can make it easy to place your items as soon as you come through the door, making it easier to keep the space clean. It also allows you to save space, offering space to fit up to 24 pairs of shoes in the same area that five pairs may have previously taken up the same amount of space on the floor.The Semiocthome 6-Tier Adjustable Shoe Cabinet is a simple, chic, and easy storage solution to keep shoes, purses, mail, and accessories stored away but ready to use. By keeping your most used items by the door, you can easily grab them on your way out instead of searching the house before you leave every time. It’s also a useful option for displaying decorations and other items that can make your home feel well put together as soon as you or your guests enter. Originally $200, shoppers can get this storage cabinet for just $106, saving them a whopping $94 at Walmart. There’s also a $20 shipping fee.Semiocthome 6-Tier Adjustable Shoe Cabinet, $106 (was $200) at Walmart
Courtesy of Walmart
Shop at WalmartWhy do shoppers love it?This modern boho-style cabinet features three adjustable and two non-adjustable closed shelves and one static open shelf. The open shelf on the bottom is perfect for everyday shoes, and offers easy access for the little ones to grab their shoes for school. It’s made of medium-density fiberboard with solid wood legs, and features a walnut finish with lined-groove doors and gold-tone handles that add character without also making it difficult to match with other furniture. The decorative top surface has back and side walls to prevent items from falling or rolling off, making it great for holding jewelry pieces, plants, lamps, pictures, and other decorations. Related: Walmart’s $200 versatile farmhouse-style shoe cabinet is just $100The traditional cabinet doors allow you to easily grab shoes on your way out the door, while still maximizing inner storage capacity. Measuring 43.7 inches tall, 14.5 inches deep, and 29.5 inches long, it can easily fit into narrow entryways or small laundry rooms while still providing tons of storage. It also has a 5-inch area underneath to store slippers and other house shoes. It’s available in both a Natural and Walnut finish, but the Walnut is the best deal. The pros and cons of this dealProsFlexible storage: This unit holds up to 24 pairs of shoes, but it can also hold other accessories like sweaters, purses, mail, and more. Hidden and open storage: With two storage options, this cabinet stays convenient while also hiding clutter. Cons Heavy: At over 70 pounds, this cabinet is on the heavier side, but it does include an anti-tipping device for safety.Colors: There are only two colors to choose from.”It’s beautiful and just like the picture. It holds all my shoes and is sturdy,” said one reviewer.Another shopper said, “I love this cabinet. I bought this because I need it to hold boots as well as shoes, and it’s very sturdy.”Shop more dealsFlycity Rattan Shoe Cabinet, $78 (was $160) at WalmartOlakula 4-Tier Open Shoe Rack, $19 (was $30) at WalmartSemiocthome 2-Flip Drawer Shoe Cabinet, $90 (was $160) at WalmartWhether you need a place to store all the shoes clogging the entryway or want a better solution for laundry room storage, the stylish Semiocthome 6-Tier Adjustable Shoe Cabinet is a great choice. Shoppers can save 47% at Walmart, paying just $106 plus shipping.
Northern Lights Forecast: Up To 10 States Could See The Aurora Saturday Night
Some observers closer to the northern U.S. border will have better chances of seeing the northern lights.