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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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Aug 9, 2026 / Tyler Durden
"Lie To People Who Want To Be Lied To": How To Make A Political Fortune As A Far-Left Democrat
"Lie To People Who Want To Be Lied To": How To Make A Political Fortune As A Far-Left Democrat
Authored by Jonathan Turley,
A financial journalist once offered simple advice: “Lie to people who want to be lied to, and you’ll get rich…Tell the truth to those who want to be lied to, and you’ll go broke.”
That axiom appears to have been taken to heart by radical Democratic candidates who this week issued transparent denials of past outrageous comments. Their calculus is clearly that the last thing that voters want to...
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Apr 23, 2026 / Tyler Durden
PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co.
Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the...
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May 11, 2026 / Tyler Durden
India Rejects Russian LNG Under Sanctions
India Rejects Russian LNG Under Sanctions
India rejected Russia’s offer to sell it liquefied natural gas subject to US sanctions, despite a huge shortfall driven by Middle East tensions, leaving a tanker bound for India in limbo as talks continue on permitted cargoes, Reuters reports.
The stance highlights the fine balance the world’s third-biggest oil importer and consumer is seeking to strike between securing energy supplies and avoiding LNG cargoes on which the U.S. has placed sanctions, which are harder to disguise and carry greater compliance risk. It also underscores the limits...
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