Footwear company Allbirds announced Wednesday it will stop making fabric sneakers and become an artificial intelligence company, sending its stock price soaring by more than 600%. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss. Source link
Allbirds is trading in sneakers for servers, selling its footwear brand as it races to reinvent itself as an AI company in a move that sent its stock soaring 600%. The eco-friendly shoe company announced Wednesday that it is transitioning into an AI business, which it plans to name “NewBird AI.” Allbirds said it will … Read more
Dozens of crypto platforms have launched in recent years, all touting their own tokens, each of which is governed by the companies’ own rules. Many offer certain assurances around security and how the company’s money will be handled. Some have risen in value, but broadly the values of most tokens have declined along with the … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 00:24 Family sues energy drink company after daughter’s death 00:0000:00 Source link
In a case being watched nationally, a utility has moved to “abandon” storm-prone vacation enclaves. Homeowners are fighting back. Source link
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports. Source link
A new CBS News investigation revealed that many Florida homeowners have had their home insurance policies transferred out of the state-run insurance program, into dozens of small, private companies, without their consent or input. CBS News national correspondent Ash-har Quraishi reports. Source link
The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy. TotalEnergies has agreed to what’s essentially a refund of its leases for projects off the coasts of North Carolina and New … Read more
The Trump administration is working with a U.S. company to challenge China’s dominance over rare earth elements. The metals are essential for components in smartphones, robotics, fighter jets, and drones. Source link
Last week, President Trump postponed a summit with his Chinese counterpart on account of the war with Iran. When Trump and Xi Jinping do meet, here’s an agenda item bound to figure prominently: rare earth elements. Right now, China holds a near-monopoly over these strategic metals that are key components in so much that makes … Read more