Goodbye Allbirds, hello ‘Smartbird’: Bizarre transformation into an AI company is now official

MarketWatch Wednesday 17 June 2026, 12:10 UTC By Christine Ji 1 min read

Key Points

Smartbird finalized the divestiture of its sneaker assets as the company eyes greener pastures in the AI computing business.

Goodbye Allbirds (PERSON) AI (ORG) Smartbird (PERSON)

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Jun 17th, 2026 US Retail Sales Surge in May Despite High Gasoline Prices US retail sales jumped in May as the value of retail purchases rose 0.9% after a revised 0.4% increase in April as consumer demand remained resilient. The figures are not adjusted for inflation. Michael McKee reports on Bloomberg Television.

Bloomberg Markets 32m ago

High gas prices soak up more retail-sales dollars — and restaurants are paying the bill

Americans are spending more on gas and eating out less, a sign of stress on the economy tied to the conflict with Iran that’s forced consumers to shift more dollars to needs instead of wants.

MarketWatch 33m ago

More united Fed board seen at Warsh's first meeting, according to Kalshi traders

Prediction market traders think consensus will return to the Federal Reserve's policy-setting board when new chairman Kevin Warsh presides over its June interest rate decision later Wednesday. At April's meeting, the last under former Fed chair Jerome Powell, four members voted to dissent from policy, the most in more than 30 years. Traders on prediction market platform Kalshi place 70% odds on zero dissents in the June vote on the 12-member Federal Open Market Committee.

CNBC 35m ago

Goodbye Allbirds, hello ‘Smartbird’: Bizarre transformation into an AI company is now official

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