Today: 4 June 2026
Browse Category

NASDAQ:BIRD 15 April 2026

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds secured up to $50 million in senior secured convertible notes and will pivot to AI compute infrastructure after selling its footwear business to American Exchange Group for $39 million. Shares jumped to $10.10, up $7.61, after the announcement. The company plans to rename itself NewBird AI and use the funds to buy GPUs for a rental business. A May 18 shareholder vote will decide on the asset sale and charter changes.

Stock Market Today

  • UK Shares Rise as HSBC, StanChart Fall on New China Banking Rules
    June 4, 2026, 12:26 PM EDT. London's FTSE 100 rose 0.27% despite geopolitical tensions after US-brokered Israel-Lebanon ceasefire efforts faltered. The UK's construction sector is contracting at the fastest pace in six years, with the Purchase Managers' Index falling to 38.2 due to weak orders and economic uncertainty. New car registrations rose 7.1% year-over-year, marking the strongest May since 2019, though still below pre-pandemic levels. Rio Tinto shares dropped 2.79% following an RBC downgrade amid warnings of limited commodity upside linked to China's economy. HSBC, Standard Chartered, and Prudential shares fell sharply after reports of tighter restrictions by Chinese authorities on mainland residents opening offshore accounts in Hong Kong, creating headwinds for banks with China exposure.

Latest articles

High demand wipes out U.S. Mint $5,370 gold coin in minutes

High demand wipes out U.S. Mint $5,370 gold coin in minutes

4 June 2026
The U.S. Mint’s new $5,370 one-ounce American Eagle gold coin sold out in under two minutes, highlighting surging demand for physical gold investment, which Metals Focus says will overtake jewelry as the top gold demand driver this year; spot gold rose 1.7% to $4,505.35, but analysts warn high rates and a stronger dollar could pressure prices and premiums.
Recursion Stock Jumps Before Goldman Sachs Event as AI-Drug Trade Gets Fresh Heat

Recursion Stock Jumps Before Goldman Sachs Event as AI-Drug Trade Gets Fresh Heat

4 June 2026
Recursion shares surged about 12% to $3.87 on heavy volume ahead of its June 9 Goldman Sachs healthcare conference appearance, as investors look for updates on clinical timing, cash runway, and partnerships; small insider-sale filings were disclosed, and the move comes amid a broader rally in healthcare and AI drug-discovery stocks.
PVH Drops Hard as Calvin Klein Parent Issues Warning

PVH Drops Hard as Calvin Klein Parent Issues Warning

4 June 2026
PVH shares plunged 21% after the company slashed its annual sales outlook, blaming the Middle East conflict for a 5% EMEA revenue drop; despite beating first-quarter earnings estimates, the warning erased over a fifth of PVH’s market value as investors focused on EMEA demand risks, with the region making up 47% of sales.
Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

4 June 2026
Redwire shares soared 14.6% to $21.33 after announcing a contract with Astrobiome Space for crop research on the ISS, marking the first commercial flight of its Greenhouse system; contract value was undisclosed, leaving investors to weigh the near-term financial impact as Redwire works to convert a record $498.1 million backlog into revenue following a recent Jefferies downgrade to Hold.
Foxx Development Shares Surge After Traders Spot Moves in FOXX Filings

Foxx Development Shares Surge After Traders Spot Moves in FOXX Filings

4 June 2026
Foxx Development Holdings shares more than doubled to $5.96 in massive Nasdaq trading despite no new company news, as recent Nasdaq compliance and large ownership changes fueled volatility; the company’s latest filing warned of “substantial doubt” about its ability to continue as a going concern due to steep losses and a working-capital deficit.
Go toTop