Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus
Allbirds announced Wednesday that it will close all of its full-price U.S. stores and shift its focus to e-commerce to boost profitability.
JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts’
Financial firms dominate the list of companies that are matching contributions for the
The S&P 500 is falling vs. gold. History shows that’s a bad omen for stocks
Stifel’s Barry Bannister pointed out that the S&P 500 is moving lower relative to gold.
Snap establishes Specs subsidiary for its AR glasses
Snap on Wednesday said its unit working on the development of augmented reality glasses is now housed under a wholly owned subsidiary named Specs Inc.
Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella
Since its founding in 2023, Outtake has added OpenAI, Applovin and Bill Ackman’s Pershing Square to its growing list of customers.
New York Mayor Mamdani says city must hike taxes on rich to fill $12 billion deficit
Mayor Zohran Mamdani attributed the budget crisis to “gross fiscal mismanagement,” pointing to former Mayor Eric Adams and ex-Gov. Andrew Cuomo.
Here are Wednesday’s biggest analyst calls: Apple, Amazon, Johnson & Johnson, Ferrari, Visa & more
Here are the biggest calls on Wall Street on Wednesday.
China’s next DeepSeek moment could come from a group of AI chipmaking ‘dragons’
China is gaining momentum with its home-grown Nvidia rivals, and it could be the next DeepSeek moment.
UBS lifts Texas Instruments price target, says free cash flow is at inflection point
UBS sees shares of Texas Instruments rallying another 32% from here.
Deutsche Bank raided by German police in money laundering probe
German federal prosecutors searched Deutsche Bank premises in Frankfurt and Berlin Wednesday.