Shares of Allbirds surged 600% after the footwear company announced it was pivoting towards AI computing infrastructure. 
At its IPO in November 2021, Allbirds was valued as a $4B shoe company but was recently sold for $39M. Allbirds shoes will continue to exist, but the brand, intellectual property, and inventory were sold to American Exchange Group on March 30. Left behind was a stock ticker, shareholders, and a stock market listing, allowing Allbirds’ CEO Joe Vernachio to effectively start a new public company, bypassing the traditional process of raising capital and going public through an IPO.
Traders buying shares today are no longer buying a shoe company but a newly formed AI venture which is built on the remnants of a failed retail brand. At market open, the stock was $4.40, hitting an intra-day high of $24.31 per share. The stock has since pulled back and is currently hovering under $20 a share. 
Allbirds, which will be renamed “NewBird AI,” secured $50 million to build the new AI company in a convertible financing facility allowing the investor to convert the debt into equity if desirable. The company states it will use the $50 million to purchase GPUs and rent them out to companies in need of computing power, positioning itself as a player in the AI cloud infrastructure market. If successful, Allbirds would ultimately be competing with dominant cloud providers like Amazon, Microsoft, and Google.
The pivot is contingent on shareholder approval at a special meeting scheduled for May 18. If approved, and once the financing is completed, the company will move into the execution phase of its AI strategy.
The brand&#8217;s announcement shows the market’s appetite for companies tied to artificial intelligence, with it valuing the company tens of millions of dollars higher before the company has earned a single dollar from its new venture. Some see this enthusiasm as evidence of an emerging AI bubble driven more by hype than fundamentals.
Michael Burry, the investor famous for predicting the housing market crash in 2008, warns the AI boom is a bubble. “The government will put all the stops to save the AI bubble to save the market to save the economy,” he <a href="https://finance.yahoo.com/news/big-short-investor-michael-burry-130840772.html">said</a>. “The problem is too big to save.” 
Others disagree. Amazon CEO Andy Jassy has called AI a “once-in-a-lifetime opportunity,” while BlackRock CEO Larry Fink says he does “not believe we have a bubble at all.” Supporters argue that, unlike the dot-com era, many AI companies today are already profitable and generating cash.
Critics, however, contend that the technology has yet to produce value commensurate with the hype.

In this photo illustration, the logo of footwear company

Failing Shoe Company Says Market’s Magic Word, Stock Skyrockets 600%

advertising

Free Market

It’s Tax Day, and Treasury Secretary Scott Bessent reports that more than 5 million children have been enrolled in Trump Accounts, with the primary enrollment method being submitting IRS Form 4547 alongside a tax return.
The accounts will officially launch on July 4, and all accounts opened for kids born between January 1, 2025, and December 31, 2028, will automatically receive a $1,000 seed investment from the United States Treasury Department. 1.2 million of the 5 million kids who are signed up are eligible for that seed money. 
Companies and philanthropists have teamed up with Trump accounts in multiple states to match or add additional funds to the accounts. Hedge Fund Manager Brad Gerstner, who is credited with coming up with the idea for Trump Accounts, pledged to add $250 into every opened account for children under the age of five in Indiana. 
Trump Accounts could significantly reshape the financial outlook for many American families. Based on White House estimates, a child born in 2026 may accumulate roughly $5,800 in the account by age 18 without any additional deposits. If parents and employers consistently contribute the maximum allowed amounts, the total could rise to approximately $303,800 over that same period. Looking further ahead, projections suggest the balance could reach around $18,100 by age 28 without extra contributions, and as much as $1,091,000 with sustained maximum funding. 
Treasury Secretary Scott Bessent slammed critics at CNBC’s Invest In America Forum who claim it will increase inequality for children whose parents or whose parents’ employers are able to contribute more than others. 
“Look, the wealthy don’t need tax-advantaged funds,” Bessent said, dismissing critics calling them “elitist” and “tone-deaf.” He referenced a conversation with the Mortgage Bankers Association, noting that only about 30% of initiated mortgages are completed, often due to relatively small financial hurdles. “They said many buyers fall short because they don’t even have $1,000 to cover costs like credit checks or title insurance,” he said. “An additional $5,000 could help many more people get across the finish line.”
Each child’s account may receive up to $5,000 per year from a combination of contributions made by family members, friends, or employers. Bank of New York Mellon will manage the accounts in a partnership with Robinhood, which is developing the Trump Accounts app. The investment will be allocated across a broad mix of low-cost index funds, balancing growth potential with risk management. The goal is to launch a child into adulthood with financial support, allowing them to pay for education expenses, purchase a home, or start a business, all from the gains of the American Economy. 
The program was funded through the “Beautiful Bill,” with the possibility that future legislation could expand eligibility to include children born in later years.

US-POLITICS-TRUMP

Trump Accounts Get Overwhelming Response In Tax Day Filings

Economy

Families

Trump Administration

Authorities have not disclosed a motive for Daniel Moreno-Gama, the 20-year-old man accused of throwing a Molotov cocktail at OpenAI CEO Sam Altman’s home, but the suspect may have outlined it himself in his 2,879-word Substack post titled “AI Existential Risk.”
In the post, published January 6, Moreno-Gama argues that artificial intelligence (AI) poses an existential threat to humanity and criticizes the motivations of tech leaders, writing that for them “morality and safety become a hindrance to their goals.”
The post focuses heavily on Altman, repeating a series of unsubstantiated allegations, including claims that Altman “raped his own sister,” “assassinated an OpenAI whistleblower,” and lied “under oath to Congress.” Altman has denied the allegations involving his family, and his relatives have said his sister struggles with mental health issues. The whistleblower referenced, Suchir Balaji, was determined by the San Francisco Chief Medical Examiner to have died by suicide. 
Moreno-Gama expresses frustration that Altman has “faced zero consequences and is likely to never face any.”
To address what he describes as the threat posed by AI, Moreno-Gama advocates halting the expansion of AI infrastructure. He calls for “stopping the construction of new data centers,” which he describes as “the brains of these models,” and scaling back existing facilities. He also suggests the United States should “strike deals with China” to slow the global development of AI. 
He writes that “as many people as possible need to be acting in as many strategic ways possible,” recommending that supporters spread information online and through traditional methods, as well as engage in campaigning and protests. He describes inaction as “akin to suicide.” 
Authorities said Moreno-Gama was found with a manifesto that included a list of AI executives and investors along with their addresses. He expressed hostility toward other prominent figures in the tech industry, including xAI Founder Elon Musk, Anthropic CEO Dario Amodei, Amazon Executive Chairman Jeff Bezos, and Meta CEO Mark Zuckerberg, though Altman was the primary focus of his writings. 
<div class="image"><img loading="lazy" decoding="async" class="alignnone wp-image-1077225" src="https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-4.54.05-PM.png" alt="" width="606" height="331" srcset="https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-4.54.05-PM.png 1296w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-4.54.05-PM-300x164.png 300w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-4.54.05-PM-1024x559.png 1024w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-4.54.05-PM-768x420.png 768w" sizes=" (max-width: 606px) 100vw, 606px" /></div>
Additional posts published on Moreno-Gama&#8217;s Substack account provide further insight into his thinking in the weeks leading up to the alleged attack.  
In one article, he reflects on the meaning of life, writing, “Every generation of humans has for the most part done whatever is in its power to increase the standards of living for their children and therefore the next generation.” 
<div class="image"><img loading="lazy" decoding="async" class="alignnone wp-image-1077223" src="https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-1.41.28-PM.png" alt="" width="581" height="372" srcset="https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-1.41.28-PM.png 1328w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-1.41.28-PM-300x192.png 300w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-1.41.28-PM-900x576.png 900w, https://dw-wp-production.imgix.net/2026/04/Screenshot-2026-04-13-at-1.41.28-PM-768x492.png 768w" sizes=" (max-width: 581px) 100vw, 581px" /></div>
He also wrote that he grew up Protestant but later drifted between practicing faith and atheism, adding that he no longer identifies as an atheist. 
Elsewhere, he contrasts the idea of a &#8220;martyr,&#8221; someone willing to die for a cause, with a &#8220;warrior,&#8221; who he says may also be willing to kill for it. Moreno-Gama invokes Jesus Christ as the ultimate example of the martyr. 
The final post before his alleged attack was a poem titled ‘What Will Their Children Say,” questioning how future generations might judge the present. “Did you think this could happen?” it asks. “Was there anything you could’ve done to stop it?”
Weeks later, Moreno-Gama allegedly threw a Molotov cocktail at Altman’s home and threatened to burn down OpenAI&#8217;s headquarters. Altman responded with a blog post and a photo of his family, saying he hoped it would deter future acts of violence.

Sam Altman

Man Who Threw A Molotov Cocktail At Sam Altman’s House Appears To Leave Motive In Substack

Police arrested a man and a woman after “possible shots” were fired near OpenAI CEO Sam Altman’s home on Sunday. 
If the incident is confirmed to be connected to Altman, it would mark the third violent episode in the past two weeks tied to the artificial intelligence company, following a separate incident in which a man allegedly threw a Molotov cocktail at Altman’s residence and threatened to burn down OpenAI’s headquarters.
San Francisco police said officers responded to Russian Hill and learned “that a vehicle with two occupants drove past a residence around the time of the possible shooting.” The San Francisco Standard reported that Altman’s security personnel alerted authorities after hearing the gunshot around 1:40 a.m. Sunday morning.
The license plate of the Honda sedan was caught on surveillance footage, which led police to 25-year-old Amanda Tom, who was at a residence in San Francisco with 23-year-old Muhamad Tarik Hussein. Both were <a href="https://www.sanfranciscopolice.org/news/sfpd-arrests-suspects-involved-shooting-26-044">detained by police</a> and booked for negligent discharge. Officers seized three firearms from the home, and San Francisco Police told The Daily Wire that “although arrests have been made, this remains an open and active investigation.”
A spokesperson for OpenAI told The Daily Wire this was an unrelated incident with no indication of any connection to, or targeting of, Altman&#8217;s house. 
Earlier this month, Indianapolis council member Rob Gibson’s front door was shot thirteen times and a note was left under the doormat that read “No Data Centers.”

TOPSHOT-US-TECHNOLOGY-AI-MICROSOFT-COMPUTERS

AI-Related Violence Spikes, CEO Targeted

Artificial Intelligence

Crime

OpenAI

Sam altman

U.S.

New York City Mayor Zohran Mamdani has completed his tenant reach-out series, allowing him to start the process of crafting policy based on the testimonies his administration collected over the last six weeks.
Each week in a different borough of New York City, Mamdani invited renters to air their grievances about their landlords — one of Mamdani’s flagship initiatives. Within ninety days of the hearings, the Mayor’s Office of Tenant Protection, along with other agencies, will bring a joint report to Mamdani’s desk showcasing common themes they learned from tenants.
Mamdani’s team told renters that they wanted to hear about repairs, problems with rats, problems with heat, deceptive fees from landlords, and “ICE-related harassment in buildings.”
“Your testimony will directly inform policy changes to strengthen city policies to protect tenants,” an ad for the dubbed &#8220;Rental Ripoff&#8221; series stated.
The Daily Wire spoke to one of the tenants offering her testimony.
“I’ve been living in my apartment for over ten years. We didn’t have heat in the apartment most of the time for years. We had walls that were collapsing, a ceiling that’s collapsing, a horrific bug and rat infestation problem,” a female tenant, Abigail, said.
When asked why she remained in the apartment, she told The Daily Wire it was because it was rent stabilized. She pays $300 a month for her share of a three-bedroom apartment in Brooklyn. She said the total rent for the apartment was $900 monthly, while the average rent for a three-bedroom apartment in Brooklyn is <a href="https://www.apartments.com/rent-market-trends/brooklyn-ny/">$4,892</a> a month.
Abigail explained that she was a comic strip artist, so it was hard to find an affordable place to live. She hopes Mamdani keeps her rent frozen at $300 and that he mandates that her landlord fix all that is wrong with her apartment.
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The Rental Ripoff hearings were led by Mamdani’s Director of Tenant Protection Cea Weaver — who infamously claimed that “Homeownership is a tool of white supremacy.” In her presentation, titled “New Yorkers vs. Bad Landlords,” Weaver told renters that the mayor’s office would use the feedback collected at the hearings to inform housing policy going forward.
New York real estate broker Adam Frisch warned The Daily Wire that the hearings are too one-sided. “They should pull from a combination of tenants, landlords, financiers, developers, and economists. Everybody looks at the situation with their own biases, and it’s the role of the mayor to sit down with tenants and landlords and say I know you’re both unhappy. Let’s see what we can do.”
Landlords blame rent stabilization for the poor conditions of certain apartments. Without the ability to raise rent, they say, they are unable to generate sufficient revenue to maintain their buildings.
Pinnacle Group, a major New York landlord, filed for bankruptcy in 2025, claiming that the “sharp increase in financing costs outpaced rental revenue, which could not be correspondingly increased due to rent stabilization.”

NYC Mayor Mamdani Holds News Conference

After Weeks Of One-Sided Open Mic Complaints, Mamdani Eyes Housing Power Grab

Housing

New York City

Politics

Zohran Mamdani

Former Vice President Kamala Harris returned to the national stage with a swipe at President Donald Trump, calling him a &#8220;mob boss&#8221; before breaking into an impersonation during a speech at the National Action Network Convention.
<blockquote class="twitter-tweet">
🚨 WATCH: Kamala Harris mocks President Trump with horrible impersonation and refers to him as “mob boss” <a href="https://t.co/yl26o4ECTa">pic.twitter.com/yl26o4ECTa</a>
— Breaking911 (@Breaking911) <a href="https://twitter.com/Breaking911/status/2042636887261634603?ref_src=twsrc%5Etfw">April 10, 2026</a></blockquote>
Harris made the remarks while speaking with Rev. Al Sharpton, where she also confirmed she is considering another run for president in 2028. 
&#8220;I&#8217;m thinking about it,&#8221; Harris said, adding that her decision will depend on whether she believes she is the best person for the job.
“I spent countless hours in my West Wing office, footsteps away from the Oval Office. Countless hours in the Oval Office and the Situation Room,&#8221; she said. &#8220;I know what the job is and I know what it requires.” 
Harris also emphasized her broader message to voters, arguing that Americans are frustrated with government inefficiency. Drawing on her travels across the country, she said people “don’t want process, they want progress,” and stressed a need to cut government bureaucracy.
Speculation about Harris’s 2028 plans has grown in recent months, particularly after she declined to run for governor of California. That decision was widely seen as keeping the door open for a presidential bid. 
While news of Harris possibly running again excited conservatives eager to see another &#8220;failed presidential run,&#8221; Sharpton praised her during the interview, telling the audience that Democrats had already effectively chosen her when they voted for President Joe Biden. 
“When we ended up with President Biden stepping back, there were some that said we need a primary, and we said we already had it. When we voted for Biden, we voted for Harris.” 
She went on to rip Trump&#8217;s SAVE America Act, equating it to a poll tax and urging voters to check their registration status, claiming Trump has &#8220;cleaned voter rolls.&#8221;

National Action Network Holds Its Annual Convention In New York City

Kamala Harris Is Back With An Impersonation Of Trump As A Mob Boss

2028 presidential election

Kamala Harris

Inflation ticked up to 3.3% in March, according to data released Friday by the Bureau of Labor Statistics. 
The March Consumer Price Index report is the first to reflect the impact of the conflict with Iran. While the 3.3% reading was in line with expectations, inflation had been at 2.4% and on a downward trend prior to the U.S. strikes.
Energy prices saw the largest increase, rising 10.9%, the biggest monthly jump since 2005. Gas prices are now above <a href="https://gasprices.aaa.com/">$4</a> a gallon, while diesel is just over <a href="https://gasprices.aaa.com/">$5</a>. Food prices, however, remained stable despite disruptions in the Strait of Hormuz, through which roughly one-fifth of the world’s oil supply flows. Rising energy costs are a key driver of inflation, as they affect the price of goods and services across the economy.
White House spokesperson Kush Desai said the administration expected inflationary pressures tied to Operation Epic Fury. 
“President Trump has always been clear about short-term disruptions as a result of Operation Epic Fury, disruptions that the Administration has been diligently working to mitigate,” he <a href="https://x.com/KushDesai47/status/2042589657506922706">said</a>. “Although gas and energy prices are seeing volatility, prices of eggs, beef, prescription drugs, dairy, and other household essentials are falling or remain stable thanks to President Trump’s policies.” 
Desai added that the administration is working to ensure the free flow of energy through the Strait of Hormuz and that the economy can handle the disruption due to its “supply-side agenda of tax cuts, deregulation, and energy abundance.”
Former Transportation Secretary Pete Buttigieg, who served under the Biden administration, told CNBC that the Trump administration&#8217;s policies are contributing to rising prices.
“As feared, inflation is up,” he said, adding that the administration is actively making prices higher through tariffs and the war.
Inflation peaked at 9.1% under the Biden administration. March’s reading is the highest level of inflation under the Trump administration.

Satellite Imagery Of The Strait Of Hormuz

Inflation Report Shows Iran War Impact As A Key Piece Tells The Story

Inflation

Operation Epic Fury

An Indiana lawmaker&#8217;s home was shot weeks after left-wing activist groups targeted him, social media posts reviewed by The Daily Wire show.
Just days after City Councilor Rob Gibson announced his support for a proposed data center in the Martindale Brightwood neighborhood, a gunman fired 13 times at his house, where Gibson and his family, including his 8-year-old son, were sleeping. A note that read “No Data Centers” was left at his front door. 
Social media posts reviewed by The Daily Wire show organizers encouraging residents to contact Gibson to opposed the data center. In one post, activists urged supporters to call residents and connect them with Gibson&#8217;s office to voice their concerns. The Indivisible Chapter for Central Indiana&#8217;s Facebook page urged allies to &#8220;bring a smartphone + charger,&#8221; adding, &#8220;Our dialing system provides scripts.&#8221; The group offered two days to join in for phone calls with “multiple slots” for people to sign up. 
<div class="image"><img loading="lazy" decoding="async" class="size-full wp-image-1074757 aligncenter" src="https://dw-wp-production.imgix.net/2026/04/69A735B9-7DDE-4CDC-81FF-355228014D17.jpeg" alt="" width="1068" height="520" srcset="https://dw-wp-production.imgix.net/2026/04/69A735B9-7DDE-4CDC-81FF-355228014D17.jpeg 1068w, https://dw-wp-production.imgix.net/2026/04/69A735B9-7DDE-4CDC-81FF-355228014D17-300x146.jpeg 300w, https://dw-wp-production.imgix.net/2026/04/69A735B9-7DDE-4CDC-81FF-355228014D17-1024x499.jpeg 1024w, https://dw-wp-production.imgix.net/2026/04/69A735B9-7DDE-4CDC-81FF-355228014D17-768x374.jpeg 768w" sizes=" (max-width: 1068px) 100vw, 1068px" /></div>
The group’s post on X was even more hostile towards Gibson. “There is no support for it [the data center], but Councilor Rob Gibson is committed to delivering on behalf of the developer.” The group added they had spoken with hundreds of residents and &#8220;mobilized with community partners to oppose this project.” 
<div class="image"><img loading="lazy" decoding="async" class=" wp-image-1074759" src="https://dw-wp-production.imgix.net/2026/04/5ADC6349-5A04-4635-9012-FBC246445E22-1.jpeg" alt="" width="801" height="1027" srcset="https://dw-wp-production.imgix.net/2026/04/5ADC6349-5A04-4635-9012-FBC246445E22-1.jpeg 1067w, https://dw-wp-production.imgix.net/2026/04/5ADC6349-5A04-4635-9012-FBC246445E22-1-234x300.jpeg 234w, https://dw-wp-production.imgix.net/2026/04/5ADC6349-5A04-4635-9012-FBC246445E22-1-449x576.jpeg 449w, https://dw-wp-production.imgix.net/2026/04/5ADC6349-5A04-4635-9012-FBC246445E22-1-768x985.jpeg 768w" sizes=" (max-width: 801px) 100vw, 801px" /></div>
The Daily Wire previously reported on data from the American Energy Institute that both the Sierra Club and Indivisible received funding from foreign left-wing billionaire donors. According to the report, Indivisible received <a href="https://www.dailywire.com/news/left-wing-foreign-billionaires-fund-groups-trying-to-cripple-ai-infrastructure">$7.5</a> million and the Sierra Club received <a href="https://www.dailywire.com/news/left-wing-foreign-billionaires-fund-groups-trying-to-cripple-ai-infrastructure">$2.1</a> million. 
Founder of the American Energy Institute Jason Isaac said, &#8220;When organizations name officials, script pressure campaigns, and mobilize activists against specific individuals, it raises serious concerns about escalation and the potential for intimidation.&#8221; He told the Daily Wire the Department of Justice should investigate for signs of coordination after his report showed &#8220;which Isaac said showed a &#8220;coordinated network of activist groups backed by tens of millions of dollars in foreign funding, organizing targeted campaigns against policymakers at the local level.&#8221;
The data center has been controversial with months of protests against the project, which is set to be built on an old drive-in movie theater between two residential streets. Metrobloks is planning to build two large buildings, a parking lot, backup generators, and cooling systems. Representatives from Metrobloks argue the data center will help the community by expanding the local tax base and bringing an estimated $500 million to the neighborhood. The company stated they would also cover the infrastructure and utility costs so the burden didn’t fall on local taxpayers. 
Community organizers cite concerns with air pollution, rising electricity costs, and other environmental issues. The Sierra Club Hoosier Chapter said they were &#8220;advocating on behalf of the environment, the climate, and our communities.&#8221;
<div class="image"><img loading="lazy" decoding="async" class="size-full wp-image-1074753 aligncenter" src="https://dw-wp-production.imgix.net/2026/04/2EB4DC5D-DB80-4681-ABBB-9F3874300AA3-2.jpeg" alt="" width="827" height="454" srcset="https://dw-wp-production.imgix.net/2026/04/2EB4DC5D-DB80-4681-ABBB-9F3874300AA3-2.jpeg 827w, https://dw-wp-production.imgix.net/2026/04/2EB4DC5D-DB80-4681-ABBB-9F3874300AA3-2-300x165.jpeg 300w, https://dw-wp-production.imgix.net/2026/04/2EB4DC5D-DB80-4681-ABBB-9F3874300AA3-2-768x422.jpeg 768w" sizes=" (max-width: 827px) 100vw, 827px" /></div>
Gibson said he and his eight-year-old son were sleeping when the bullets struck his house at 12:45am on Monday. &#8220;Just steps from where those bullets struck is our dining room table, where my son had been playing with his legos the day before,&#8221; said Gibson.
Gibson <a href="https://www.nbcnews.com/politics/politics-news/indianapolis-councilman-says-shots-fired-house-no-data-centers-note-rcna267023">said</a> despite the disagreement between those opposed to the center and those in favor, “violence is never the answer.” The FBI and the Indiana Department of Homeland Security are investigating the incident.

Screenshot 2026-04-09 at 8.34.11 AM

Anti-Data Center Campaign Targeted Lawmaker Whose House Was Shot Up

California Governor Gavin Newsom&#8217;s wife has made a lot of news lately for staking out far-left cultural positions, but she wasn&#8217;t raised to be a bay area hippie.
In the span of a week, Jennifer Siebel Newsom has gone viral for saying she gives her sons dolls and suggesting criminals at San Quentin prison might be there for “accidents,” like her tragically backing over her sister with a golf cart. 
But the First Lady of California grew up in a conservative household, and her husband has previously claimed to be married to a Republican. 
“I grew up revering Ronald Reagan … my father did, so therefore we did,” she said. She added that even though her dad has always been “the biggest champion of women, especially marginalized and vulnerable women” that &#8220;unfortunately his politics led him in a direction that is sort of in conflict with seeing women as equal.” 
<blockquote class="twitter-tweet">
Gavin Newsom&#8217;s wife attributes California&#8217;s K-shaped economy to &#8220;the devaluation of all that we&#8217;ve feminized.&#8221;
“Everything that we’ve feminized in American culture — whether entire industries like education, health care, etc., or just attributes like empathy, care, and… <a href="https://t.co/jIgpWAhXZv">pic.twitter.com/jIgpWAhXZv</a>
— Brecca Stoll (@breccastoll) <a href="https://twitter.com/breccastoll/status/2040231296266280968?ref_src=twsrc%5Etfw">April 4, 2026</a></blockquote>
Newsom grew up in an affluent neighborhood of California, ultimately attending Stanford University for both undergrad and graduate school. After school she moved to Hollywood to pursue a career in acting. During her film career, Siebel Newsom claims she was raped by popular film director Harvey Weinstein. She said Weinstein first approached her at the Toronto International Film Festival in 2005 when she was a producer and actress, and he was at the height of his Hollywood power. 
She said meeting him was like “the Red Sea was parting” and she found him “charming.&#8221; He invited her to his hotel, and she said she was nervous when directed to his hotel suite. When pressed about why she didn’t walk away she said, “Because you don’t say no to Harvey Weinstein.” 
Gavin Newsom later accepted campaign funds from Harvey Weinstein, which his wife called &#8220;complex.&#8221;
Newsom met her husband in 2006 when Gavin was serving as the mayor of San Francisco, and married two years later. In 2011, Siebel Newsom produced a documentary called &#8220;Miss Representation,&#8221; which is about sexism in American society. 
Despite her militant feminism, Gavin Newsom told a reporter in 2024 that he meets with Republicans every day because he &#8220;married one.&#8221;

California Governor Gavin Newsom Interview On The Circuit

Where Did Gavin Newsom’s Radical Wife Even Come From?

Gavin Newsom

Harvey Weinstein

Jennifer Siebel Newsom

The market reacted sharply after President Donald Trump announced a two-week ceasefire, sending crude oil prices lower and U.S. stock futures higher.
West Texas Intermediate Crude, the United States oil benchmark, fell about 17.5% to roughly $94 a barrel, while Brent Crude dropped 15.5% to about $92 a barrel. Dow Jones Industrial Average Futures and S&amp;P 500 futures each rose by about 3%, while Nasdaq 100 futures climbed 3.5%. 
Trump said the ceasefire is contingent on Iran reopening the Strait of Hormuz. 
“For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations,” Iran said in a statement Tuesday night. 
According to the marine vessel Hormuz Strait ship tracker, traffic has not fully resumed through the strait. However, Trump said the United States “will be helping with the traffic buildup” and that there “will be lots of positive action.” 
Secretary of War Pete Hegseth seemed to dismiss Iran’s claims that coordination with Iran’s Armed Forces would be required. “We know Iran says a lot of things,” said Hegseth at a Wednesday morning briefing. “Commerce will flow through the strait.” 
Experts say crude prices could fall even further as shipping resumes through the Strait, which handles roughly one-fifth of the world&#8217;s oil supply. 
U.S. stocks are still up even after Trump announced a 50% tariff on “any and all goods” from countries supplying military weapons to Iran with “no exclusions or exemptions.” 
Stocks were already on the rebound from session lows after Pakistan’s Prime Minister Shebaz Sharif asked Trump to extend his Tuesday 8 pm ET deadline by two weeks and to have Iran open the Strait of Hormuz. The conflict with Iran has pushed gas prices above $4 a gallon for the first time since 2022, with crude oil prices up more than 70% on the year. 
Vice President JD Vance described the ceasefire as &#8220;fragile.&#8221; Trump had warned without an agreement, &#8220;a whole civilization will die.&#8221; 
&nbsp;

US Stocks Slump As Trump’s Threat To Fire Powell Adds Pressure

Ceasefire Triggers Instant Shift In Oil Prices

With one week before the tax deadline, major AI chatbots are warning users not to rely on them to prepare or file returns. 
When asked whether it could help prepare a 2025 tax return, Elon Musk&#8217;s Grok cautioned against using AI for filing, saying models &#8220;miscalculate refunds by thousands on average,&#8221; and instead recommended software like TurboTax or a licensed professional.
&#8220;Not a good idea for actually preparing or filing your 2025 return,&#8221; Grok responded. &#8220;Tax code is too complex and changes yearly — AI (including me) often hallucinates details or misses nuances, leading to errors that could trigger IRS issues.&#8221;
The Daily Wire checked with other leading platforms, including Google&#8217;s Gemini, OpenAI&#8217;s ChatGPT, and Anthropic&#8217;s Claude, using the same prompt. They offered similar guidance, saying they can help explain tax concepts but should not be used. 
&#8220;It is highly discouraged to use generative AI like me, ChatGPT, or similar platforms to actually prepare or calculate your tax returns,” Gemini warned. ChatGPT advised using it as “your helper” but not “your tax preparer.” Claude agreed, blaming nuanced tax laws. 
Across platforms, chatbots cited similar concerns, warning that AI can make mistakes, lack full financial context, and miss important edge cases. But the more significant issue is liability: if the IRS finds errors in a return, the person who files it, not the software or AI, is responsible for any additional taxes, penalties, and interest.
Traditional tax software such as TurboTax or H&amp;R Block operates similarly, with users responsible for the information submitted. That risk is why many taxpayers opt to pay more for a CPA or licensed tax preparer, who can assume some professional liability if given accurate information.
While chatbots discourage using AI to file returns, they recommend using it as a “smart assistant” to explain tax concepts and stay organized. AI tools can help users understand forms like a 1099 versus a W-2, clarify deductions, and translate complex language from tax software into simpler terms. 
However, those capabilities come without legal accountability, a concern lawmakers are beginning to address. In New York, proposed legislation would restrict AI tools from offering legal or financial advice, including tax guidance, without proper oversight. Critics argue the bill&#8217;s broad language could limit even basic, useful responses.
“The problem is evident in the bill’s operative provision,” said Oliver Roberts, an adjunct law professor at Washington University. “Subsection 2(a) prohibits a chatbot proprietor from &#8216;permit[ting]&#8217; a chatbot to provide any &#8216;substantive response, information, or advice.&#8217;”

AI and finance in a vortex

Grok To Procrastinators: Please Don’t Let Me Do Your Taxes!

ChatGPT

Grok

Taxes

Tax an individual enough and they will vote with their feet, warned JPMorgan Chase CEO Jamie Dimon in his annual shareholder letter on Monday. 
Dimon’s already making the move for JPMorgan Chase by employing more people in his Dallas office than in the company’s New York City headquarters. The banker added that the trend will only continue. Over the past decade, JPMorgan has reduced its New York City headcount from 30,000 to 24,000, while expanding its Texas ranks from 26,000 to 32,000. Dimon acknowledged that New York remains a strong hub for financial talent, but said high costs are one of the firm’s biggest challenges.
“No city or company or country has a divine right to success,” wrote the CEO in his annual shareholder letter. “People like to make this a moral or loyalty issue, but it is not.”
Dimon framed the issue not as politics, but as basic economics. “Companies need to remain competitive in this very competitive, fast-moving world. Higher taxes mean lower returns on capital and less competitiveness by their nature.”
He also drew a comparison to New York in the 1970s, when “nearly half of the 125 Fortune 500 companies based in New York City left.” While mergers played a role during that era’s surge in dealmaking, Dimon argued that “the price of doing business in New York City accounted for most” of the departures. The exodus of major employers contributed to the city’s fiscal crisis and near-bankruptcy in 1975, eroding its tax base.
The 2026 exodus isn’t limited to JPMorgan. Wells Fargo <a href="https://www.wfaa.com/article/news/local/dallas-county/wells-fargo-massive-irving-campus-texas-banking-boom-accelerates/287-7febeb0c-d4ec-45e4-903f-f93e38e32e3e">opened</a> a new 850,000 square-foot campus in 2025 in Texas and Goldman Sachs is <a href="https://www.goldmansachs.com/pressroom/press-releases/2025/gs-unveils-fresh-look-inside-northend-campus">developing</a> a $500 million dollar campus in Dallas’ Victory Park. The influx of financial firms has earned the city the nickname “Y’all Street.”
Dimon warned that the trend is likely to accelerate, potentially worsening an already fragile moment for New York City. While he did not mention him by name, his comments come as newly elected Mayor Zohran Mamdani advocates for higher taxes on wealthy individuals and corporations. Less than a month into office, Mamdani floated raising property taxes to address what he described as a multibillion-dollar budget gap comparable to the Great Recession. He has also pushed Governor Kathy Hochul to raise the corporate tax rate from 7.25% to 11.5% and add a 2% tax on incomes above $1 million.
When Mamdani won his election, Dimon opened the communication lines by calling the newly elected mayor. Previously, Dimon <a href="https://www.nytimes.com/2025/07/15/business/mamdani-nyc-business-leaders.html">called</a> Mamdani’s free buses and rent freezes “the same ideological mush that means nothing in the real world.”
Mamdani has previously told reporters that when he goes into meetings with business leaders, he keeps an open mind. “I go into each of these meetings knowing what I know, knowing what I believe, and interested in what I can also learn from each and every one of the people who have made the city what it is.”
So far, however, there is little indication that the business community’s concerns about higher taxes have swayed him.

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Brecca Stoll