An investor group led by Ancora Holdings has acquired a substantial stake of approximately $1 billion in Norfolk Southern (NYSE:NSC) and has put forth a majority slate of directors with the aim of removing CEO Alan Shaw, as reported by the Wall Street Journal. The...
Delaware Judge Invalidates Elon Musk’s $56 Billion Tesla Pay Package Amid Shareholder Lawsuit A Delaware judge has invalidated Elon Musk’s $56 billion pay package as Tesla’s CEO, following a lawsuit by investor Richard Tornetta who deemed the deal...
Raymond James downgraded AMD (NASDAQ:AMD) from Strong Buy to Outperform on Tuesday, concurrently adjusting the stock’s price target to $195 from $190 per share. Analysts cited heightened expectations for AI (artificial intelligence) revenue as the primary reason...
Geopolitical Tensions Propel Oil Prices Higher Amid Middle East Concerns and Global Supply Disruptions Oil prices saw an early uptick on Tuesday, driven by mounting geopolitical tensions in the Middle East, heightening concerns about potential disruptions in the...
Calix faced a setback as it reported first-quarter guidance that fell significantly below Wall Street’s expectations, causing a 22% plunge in its stock during afterhours trading. The company projected adjusted earnings per share (EPS) for Q1 to be in the range...
