News Highlights: Top Company News of the Day - Wednesday at 7 PM ET
Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom
Quarterly sales tripled from a year ago, surpassing Wall Street's heightened expectations, and Nvidia indicated momentum from the artificial-intelligence boom remains strong.
Rivian to Cut Workforce by 10%
The EV maker signaled flat production for 2024, falling short of Wall Street forecasts.
Chord Energy, Enerplus to Combine in $11 Billion Deal
Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder.
Lucid's stock drops nearly 5% as losses mount for the EV startup
Lucid Group Inc. shares fell nearly 5% in the extended session Wednesday after the EV maker reported a mixed fourth quarter, with revenue below Wall Street estimates, and production guidance also disappointed.
Boeing 737 Executive to Exit After Alaska Blowout
The Boeing executive in charge of the factory that built the jet involved in last month's midair door-plug emergency is leaving the company amid a broader leadership shake-up.
Walmart Eases Supplier Delivery Demands as Stocking Pressures Recede
The retailer had toughened its 'on-time, in-full' requirements as pandemic disruptions snarled supply chains, triggered shortfalls.
Fortescue 1H Net Profit Up 41%, Raises Dividend
The iron-ore producer said its average price for iron ore was roughly US$108 a metric ton versus about US$87 a ton a year earlier.
Qantas First-Half Profit Falls, Announces New Share Buyback
Australia's major airline, Qantas Airways, said its half-year profit fell due to declining airfares, but the carrier announced a fresh share buyback.
Microsoft CEO Says Company's New Chip Will Use Intel Foundry
Intel Foundry picked up a win as Microsoft CEO Satya Nadella announced a partnership for a new chip.
Bank of America CEO flags tug-of-war between inflation and higher wages but says consumers are still spending
Chief Executive Brian Moynihan is 'not worried' about competition from proposed credit-card merger but admits 'concern' over regional banks' exposure to commercial real estate.
(END) Dow Jones Newswires
February 21, 2024 19:15 ET (00:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks