Allbirds Closes All US Stores as the DTC Darling's Retail Dream Unravels
Once-hyped sustainable shoe brand Allbirds announces closure of all US full-price stores, completing a stunning fall from $4 billion unicorn to $32 million shell.
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Once-hyped sustainable shoe brand Allbirds announces closure of all US full-price stores, completing a stunning fall from $4 billion unicorn to $32 million shell.
Amazon announces closure of all Amazon Fresh supermarkets and Go convenience stores, converting some locations to Whole Foods as the tech giant abandons its brick-and-mortar experiment.
China achieved its 5% GDP growth target for 2025 thanks to record exports, but quarterly growth slowed to 4.5% and car sales plunged after EV subsidy cuts.
GM shares surge to record $86.38 as automaker reports strong Q4 earnings, unveils massive buyback program and dividend increase despite EV headwinds.
Intel CFO says the chipmaker won't rush capacity expansion for its foundry business despite AI boom, requiring customer commitments before major investments.
Comcast reports Q4 2025 earnings of $0.84 adjusted EPS as broadband losses mount, but mobile growth and Peacock gains offer hope in the post-Versant era.
Apple delivers its largest quarter in company history with $138 billion in revenue, driven by strong iPhone 16 sales and accelerating services growth.
Dow Inc. faces headwinds with Q4 revenue declining 9% year-over-year. The chemical giant pursues $1B in cost savings as industry battles overcapacity and weak demand.
Natural gas prices double in five trading sessions, hitting $6.50 per MMBtu as Winter Storm Fern knocks out up to 25 Bcfd of production. Energy markets face historic squeeze.
Thermo Fisher delivers record revenue with Q4 EPS of $6.57 adjusted. The company deployed $16.5B into deals and buybacks as bioprocessing recovery accelerates.
Health insurance giants UnitedHealth and Humana suffer their worst single-day drops in decades after CMS proposes keeping Medicare Advantage rates essentially flat for 2027.
A new PayPal and NCA survey reveals 40% of American merchants accept crypto payments, with adoption rising to 50% among large businesses—signaling a tipping point for digital currency commerce.