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...
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...
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...
Archer-Daniels-Midland Co has announced a postponement in the payment of performance bonuses to select executives until the completion and audit of its financial statements, as revealed in a memo received by Reuters. This decision follows the recent sidelining of...
FTC Demands Tech Titans’ Details on Generative AI Deals Amid Antitrust Concerns On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had issued orders to OpenAI, Microsoft, Alphabet, Amazon, and Anthropic, requesting information on recent...
Autonomous vehicle technology firm Aurora Innovation announced on Wednesday that it has implemented a 3% workforce reduction as part of a reorganization effort. As of the end of 2022, Aurora had 1,700 employees, according to the company’s securities filings. The...
