NYCB shares plunge, Elon Musk sues OpenAI’s Altman: Yahoo Finance Live

Shares of New York Community Bancorp (NYCB) are deep in the red this morning after disclosing weakness in internal controls and announcing CEO Thomas Cangemi has stepped down. The bank also reported its fourth-quarter loss increased to $2.7B. In tech, Elon Musk has filed a lawsuit against OpenAI and its CEO, Sam Altman, saying the company breached its founding mission. Musk’s suit claims the company is putting profits ahead of its promise to benefit humanity. Yahoo Finance trending tickers include AMD (AMD), Zscaler (ZS), and Palantir (PLTR).

Key guests include:
9 a.m. ET - Stephen Juneau, Bank of America Securities U.S. Economist
9:40 a.m. ET - Antonio Neri, HPE CEO
10:15 a.m. ET - Dave LaValle, Grayscale Global Head of ETFs
10:30 a.m. ET - John W. Rogers, Ariel Investments Founder, Co-CEO and CIO
10:40 a.m. ET - Andrew Anagnost, Autodesk CEO
11 a.m. ET - Wei Li, BlackRock Global Chief Investment Strategist
11:30 a.m,. ET - Sallie Krawcheck, Ellevest CEO