- The S&P 500 and Nasdaq Composite jumped to all-time highs in Wednesday’s
session, with the latter posting its 11th straight winning day.
- PepsiCo’s first quarter earnings report this morning delivered an earnings and
revenue beat. But the company’s strong performance wasn’t driven by its iconic
beverages: It was fueled by its snacks.
- Hundreds of large Amazon sellers boycotted its advertising platform in protest
of recent changes, including a 3.5% fuel surcharge the sellers say is squeezing
their bottom lines.
- Allbirds is making a major pivot. The struggling shoe brand said yesterday
that it’s shifting its focus to artificial intelligence and will be renamed
NewBird AI.
