Allbirds announces stunning pivot from shoes to AI, stock explodes more than 200%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Cleveland Fed President Hammack expects interest rates to stay on hold ‘for a good while’
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who may be using different chips.
Nearly 60% of U.S. farmers say their finances are getting worse as fertilizer, fuel costs rise: Survey
Rising fertilizer costs tied to global shipping disruptions are squeezing U.S. farmers, forcing cutbacks that could reduce crop yields and supply.
Here are Wednesday’s biggest analyst calls: Nvidia, Apple, Tesla, Marvell, Affirm, Broadcom, Meta & more
Here are Wednesday’s biggest calls on Wall Street.
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Top Energy Democrat probes Trump administration’s preparations for Strait of Hormuz closure
The strait has been effectively closed since the U.S. launched a war with Iran, spiking energy prices and whipsawing markets.
Starbucks launches beta app in ChatGPT to fuel new drink discovery
Starbucks is trying to find ways to entice U.S. customers back to its cafes.
Trump accounts sign up 5 million kids, with 1.2 million eligible for $1,000 seed money, Bessent says
Trump accounts have signed up 5 million kids, according to Treasury Secretary Scott Bessent. Here’s what families need to know.
This semiconductor stock is due for more upside amid AI boom, Oppenheimer says
The investment firm has an outperform rating on the semiconductor name.