Latest News
Intel Board Chair Exits as CEO Tan Drives Foundry Turnaround
Intel's board chair Frank Yeary will retire after the May 13 annual meeting, with director Craig Barratt taking over. The leadership change comes as CEO Lip-Bu Tan executes a manufacturing-focused turnaround.
Blue Owl Shares Slide Amid Private Credit Liquidity Fears, Insider Filings
Blue Owl Capital shares declined sharply, dropping below their $10 listing price, driven by ongoing liquidity worries in private credit and new regulatory filings indicating insider activity. The stock was indicated down approximately 3.8%.
Palantir Gains on Analyst Target Boost Amid Defense AI Shifts and Legal Scrutiny
Palantir shares advanced in premarket trading following a price target increase to $200 by Rosenblatt Securities. The move comes as U.S. defense agencies restrict rival AI tools and a new lawsuit alleges fraud.
Ondas Invests $10M in World View for High-Altitude ISR Partnership
Ondas Holdings has made a $10 million strategic investment in World View Enterprises, forming a partnership to create multi-domain ISR solutions. The collaboration aims to merge World View's stratospheric balloons with Ondas' drone and counter-drone technology.
EU's 'Made in EU' Rules Threaten Ford's Supply Chain
The European Commission has proposed strict 'Made in EU' rules linking subsidies to local content, potentially excluding Ford's key suppliers in Britain and Turkey. The plan faces significant opposition and requires approval.
Plug Power Soars on Q4 Profit, New CEO Outlines Liquidity Plan
Plug Power shares jumped 23% following a stronger-than-expected Q4, which delivered a $5.5 million gross profit. The company also detailed plans to bolster liquidity through asset sales.
FDA Issues Second Ozempic Ad Warning to Novo Nordisk in Escalating Scrutiny
The FDA has sent Novo Nordisk a second advertising violation notice in under a month, citing misleading claims for Ozempic. The agency simultaneously warned 30 telehealth companies about compounded GLP-1 drug promotions.
Workday Shares Rebound on CEO Equity Grant After February Slump
Workday shares climbed approximately 7% in early trading Wednesday, recovering some losses after a recent decline. The move followed regulatory disclosures of new performance stock unit awards for top executives, including CEO Aneel Bhusri.
Snowflake Partners with EY on AI Sales Platform, Embraces Lower Margins for Growth
EY has introduced an AI-powered sales platform developed in collaboration with Snowflake and Canva. Snowflake executives, speaking at an investor conference, emphasized their commitment to AI, accepting lower initial profit margins to drive adoption.
Pinterest Secures $1B Elliott Investment, Launches $3.5B Buyback
Pinterest announced a $1 billion strategic investment from activist investor Elliott Investment Management alongside a new $3.5 billion share buyback authorization. The company's stock rose nearly 5% in early trading following the news.
Target Unveils $5B Revamp Plan Amid Sales Slump, Shares Rally
Target Corporation is boosting its 2026 capital spending to $5 billion, adding over 30 new stores and 130 remodels. The retailer reported a 1.5% drop in Q4 net sales but shares jumped nearly 7% on the strategic outlook.
