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Shares in Allbirds surge after maker of wool sneakers announces pivot to AI
Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard timesAllbirds, the maker of minimalist wool sneakers beloved by Silicon Valley, announced on Wednesday that it is leaving shoes behind and pivoting to artificial intelligence. The new focus and rebrand as “NewBird AI” sent the company’s stock up 582% as of mid-day during a flurry of trading.The surging stock price and new direction is a bizarre, rapid turnaround for a company that had falle...
Stability Breaks Records: What the Forty-Two Percent Drop in Syrian Oil Imports Really Means
The Syrian economy is entering a new phase in which numbers do more than describe reality. They reveal the architecture of a political economy reshaped by the national transition of late 2024 and by the shifting regional landscape that followed. In a country emerging from fifteen years of conflict and operating within a region unsettled by the U.S.–Israeli war on Iran, economic indicators cannot be read in isolation. They reflect the deeper structural forces that produced them. Two forces in par...
Manchester City Back Antoine Semenyo After Racism Abuse
Rabat — Manchester City forward Antoine Semenyo has revealed he is once again the target of online racial abuse this season. After Semenyo posted a screenshot of comments from an anonymous account to his Instagram story with the caption “it’s started again,” Manchester City reportedly stepped in to offer their support. Reflecting a distressing cycle of behavior faced by the athlete this year, the organization has mobilized to provide comprehensive guidance and resources in th...
LABOR SEC CHAVEZ-DeREMER: Trump tax cuts deliver bigger refunds and a big boost for working families
This Tax Day, Americans are seeing historic savings thanks to bold, pro-growth policies and massive tax cuts enacted through President Trump’s Working Families Tax Cuts.In fact, this year’s average tax refunds are up by nearly 11 percent compared to last filing season, and the average refund is more than $3,400.Workers and job creators alike are benefiting from the most pro-worker legislation in American history.Growth for Job CreatorsAs Labor Secretary, I’ve spoken with countless manufacturers,...
Kroll CEO: Private Credit an Evolving, Maturing Market
Kroll CEO Jake Silverman discusses the rapid growth of the private credit market despite a period of ‘growing pains’ from participants trying to separate market reality from market perception. He talks with Katie Greifeld and Romaine Bostick on “The Close.” (Source: Bloomberg)
Johnson Controls Said to Weigh $4.5 Billion in Divestitures
Johnson Controls International Plc is weighing options including a potential sale of two businesses in its security division that together could be worth up to $4.5 billion, according to people familiar with the situation.
US jury finds Live Nation and Ticketmaster subsidiary operated monopoly
Verdict in states’ lawsuit says concert giant stifled competition, raising pressure for changes to ticketing marketA jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of US states.A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a...
S&P, Nasdaq Hit Records on Ceasefire Hopes | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Iran shifts 20M barrels through ‘dark’ offshore oil network bypassing US port blockade, firm says
Iran is moving tens of millions of barrels of oil through covert offshore networks to bypass the new U.S. blockade on its ports, maritime intelligence firm Windward AI says.The blockade, which took effect April 13, came amid a two-week ceasefire and failed peace talks between the U.S. and Iran, and as President Donald Trump insisted the waterway must remain open, through which roughly 20% of the world’s oil passes."Iranian oil distribution continues through indirect routing and offshore transfer...
Wall Street scales fresh record high as investors bet on end of Iran war
The S&P breached 7,000 points for the first time in history, in a rally that erased stark losses incurred at start of warWall Street scaled a fresh all-time high on Wednesday amid growing optimism among investors that the US-Israel war on Iran will soon be over.The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8% over the course of the day, finishing at 7,022.95. The tech-heavy Nasdaq also rose 1.6% to 24,016.02, its own record high, while the Do...
Grenfell memorial funding approved as peers call for justice for victims
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Amazon.com announces first quarter results - About Amazon
Amazon.com announces first quarter results About Amazon
BOJ Urged to Keep Clear Message on Policy as War Clouds Outlook
Clear communication from the Bank of Japan will be even more important as uncertainty remains high amid ongoing Middle East tensions, the International Monetary Fund’s chief liaison for the country said two weeks before the central bank’s next monetary policy decision.
Could the US oil blockade snuff out the Cuban cigar?
Since January, the Trump administration has blocked foreign oil to Cuba. Will the island's cigars survive the crisis?
Bank Earnings Clear Path for Stock Record Highs
Morgan Stanley’s stock traders joined the rest of Wall Street with a record-breaking first quarter. The firm took in $5.15 billion from equity trading in the first three months of the year, according to a statement Wednesday. The 25% jump came in ahead of expectations and boosted total trading revenue to $8.51 billion. Morgan Stanley’s closely watched wealth business pulled in $118.4 billion in net new assets, more than expected. As Bank of America Corp.’s stock-trading desk set a record, ridin...
Hollywood Stars Unite to Oppose Paramount-Warner Deal
Bloomberg's Lucas Shaw joins Dani Burger on "Bloomberg Deals." More than 1,000 Hollywood actors, directors and screenwriters have penned a letter opposing the $110 billion takeover of Warner Bros. Discovery by Paramount Skydance, citing concerns about job losses and higher costs with fewer choices for consumers. (Source: Bloomberg)
Victor Haghani: We're Underweight US, Overweight Non-US
Elm Wealth Founder & CIO Victor Haghani discusses being underweight US equities, tracking opportunities outside the US, and the possible slate of upcoming blockbuster IPOs. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
Former executive sues Adidas, alleging she was fired for reporting gender discrimination
Lindsay Gregg, former head of women’s basketball sports marketing at Adidas, whose acquisitions for the sportswear manufacturer included WNBA stars and Olympic champions, sued the company Wednesday, alleging she was fired in February for raising concerns about gender discrimination, inequitable resources and the treatment of female athletes.Advertisement
Wall Street Banks Report Surge in Advisory Fees
Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." The second-best ever year for global dealmaking are starting to show up on Wall Street, with the big five US banks this week reporting some huge increases in advisory fees. (Source: Bloomberg)
Airline files for bankruptcy as flights cancelled – but vital firm may be saved
Airline files for bankruptcy as flights cancelled – but vital firm may be savedAir Calédonie filed for bankruptcy while protestors blocked key airfields and caused flights to be cancelled, meaning the firm was losing an estimated £73,000 every dayCommentsNewsEthan Blackshaw Deputy Publishing Lead20:39, 15 Apr 2026Updated 20:40, 15 Apr 2026View ImageAir Calédonie filed for bankruptcy (stock)(Image: Getty)A “vital” airline has filed for bankruptcy with flights grounded - but it could now be saved....