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Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%
Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%
Just when you thought you’d seen the last of the AI pivot idiocy…
Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News.
The plan? Rebrand as “NewBird AI,” raise $50 million, and reinvent itself as a GPU-as-a-Service / AI cloud company. Translation:...
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Jun 23, 2026 / Tyler Durden
"We Must Act": TotalEnergies CEO Joins Calls To Rewire Gulf Energy Flows Around Hormuz
"We Must Act": TotalEnergies CEO Joins Calls To Rewire Gulf Energy Flows Around Hormuz
The Strait of Hormuz was disrupted or nearly closed for roughly three and a half to four months, offering Gulf states aligned with the U.S. one clear message: energy flows - or tanker transits - must be rewired through pipeline networks that bypass the maritime chokepoint.
By creating alternative pipeline export routes through the UAE, Iraq, Saudi Arabia, Kuwait, Syria, Oman, or Turkey, regional producers can reduce the risk that Tehran can once again use Hormuz...
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Feb 20, 2026 / Tyler Durden
Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But...
Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But...
While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing.
It is not as both Manufacturing and Services PMIs dropped notably.,
Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low.
Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.
Source: Bloomberg
Overall that dragged the US Composite PMI down...
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Jun 20, 2026 / Tyler Durden
Banning Hospitals' 'Certain Contracts' Could Save Americans $45 Billion, Report Finds
Banning Hospitals' 'Certain Contracts' Could Save Americans $45 Billion, Report Finds
Authored by Travis Gillmore via The Epoch Times,
A ban on certain contracts between hospital systems and health insurers could save Americans around $45 billion, according to a report from White House analysts released on June 18.
Lenox Health Greenwich Village Hospital in Manhattan, New York City, on Nov. 2, 2020. Chung I Ho/The Epoch Times
"The Council of Economic Advisers' findings reinforce that the Trump administration is delivering meaningful cost reductions for American patients," White House spokeswoman Allison Schuster told The...
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