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Carvana and Chewy Stocks Trade Down, What You Need To Know
StockStory51d agoneutral
Carvana and Chewy Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after the Federal Reserve voted unanimously to hold its benchmark rate at 3.5%–3.75%, where it has been anchored since the central bank eased by three-quarters of a point in late 2025, while its dot plot pointed toward a potential hike, not a cut.

Nasdaq, US stocks slide as Fed forecasts possible rate hike
Yahoo Finance Video51d agoneutralVIDEO
Nasdaq, US stocks slide as Fed forecasts possible rate hike

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.

Allbirds rebrands as Smartbird in AI pivot, hires Amazon alum as CEO
Reuters Videos52d agoneutralVIDEO
Allbirds rebrands as Smartbird in AI pivot, hires Amazon alum as CEO

<body><p>STORY: Another AI company is off and running... and, this time, it's coming from former sneaker brand Allbirds.</p><p>Allbirds on Wednesday officially changed its name to Smartbird, cementing its months-long transformation from shoe maker to AI infrastructure firm and sending its shares up as much as 75%.</p><p>:: Archive</p><p>The move comes after the company in April said it was shifting its focus to offer cloud computing capacity and AI services, leading to a more than five-fold jump in its shares.&nbsp;</p><p>The newly-named Smartbird on Wednesday also announced the appointment of former Amazon executive Nadia Carlsten as its new CEO.</p><p>:: Amazon Web Services</p><p>Carlsten brings AI and quantum computing experience from Amazon Web Services and Alphabet spinoff SandboxAQ, and has advised the World Economic Forum on computing and AI.</p><p>In a statement, she said that with a (quote) "differentiated strategy, significant capital, and the opportunity to build an exceptional team, we are uniquely positioned to capitalize on one of the most significant infrastructure opportunities of the next decade."</p><p>Allbirds shut most of its brick-and-mortar stores and sold its brand and footwear assets in March to American Exchange Group for $39 million.</p></body>

AI lab Odyssey valued at $1.45 billion in latest funding round
Reuters52d agoneutral
AI lab Odyssey valued at $1.45 billion in latest funding round

AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 ‌billion, and struck a deal with Amazon Web Services that gives ‌it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, ​saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can ⁠simulate the real world and act without human input.

Oracle Stock's High Stakes Gamble
Trefis52d agoneutral
Oracle Stock's High Stakes Gamble

If you hold Oracle (ORCL) stock, you’ve felt the turbulence. Despite a recent bounce, the shares are down over the last 12 months and sit well below their peak, a sign the market is wrestling with a profound shift in the company’s story. The options market is pricing in elevated uncertainty, with implied volatility in the 67th percentile of its annual range. This isn't about a legacy business in decline; it's about the significant risks of a company going all-in on a new one.

Rivian has bad news for hundreds of its workers
TheStreet52d agoneutral
Rivian has bad news for hundreds of its workers

Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its ...

Reuters52d agoneutral
AI lab Odyssey valued at $1.45 billion in latest funding round

AI lab Odyssey said on Wednesday ‌it has raised $310 ‌million in a funding round ​that valued it at $1.45 billion. The Series B round was led by Natural ‌Capital, ⁠with participation from Amazon, AMD Ventures, GV, ⁠EQT, IQT and others. The last few years ​have seen ​major ​breakthroughs in ‌scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly,” said Oliver ‌Cameron, Co-founder ​and CEO of ​Odyssey.

Amazon (AMZN) Faces FTC Action Over Alleged Deceptive Advertising Practices
Simply Wall St.52d agoneutral
Amazon (AMZN) Faces FTC Action Over Alleged Deceptive Advertising Practices

Amazon.com (NasdaqGS:AMZN) is facing imminent multi billion dollar regulatory action from the U.S. Federal Trade Commission over alleged deceptive advertising practices. The probe centers on how Amazon runs its advertising auctions and discloses key terms to advertisers and marketplace sellers. Potential outcomes include multi billion dollar penalties and new compliance requirements for Amazon's advertising business. For investors watching Amazon.com at a current share price of $246.0, this...