Nvidia Sales Surge as AI Boom Lifts Earnings
The chip maker reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected.
Esmark Pulls Out of Bidding for U.S. Steel
The industrial conglomerate said it is abandoning its bid amid pressure from the United Steelworkers union, which has thrown its support behind a rival offer from steelmaker Cleveland-Cliffs.
Qatar Investment Authority to Invest $1B in Reliance Retail Unit
The investment in Reliance Retail Ventures would translate into a minority stake of 0.99% for Qatar Investment Authority.
Qantas Launches Buyback After Swinging to Annual Profit
Qantas Airways launched a fresh share buyback of $324 million after swinging back to annual profit for the first time since fiscal 2019.
Spirit AeroSystems Says Aware of Quality Issue on Some 737 Fuselage Units
Spirit AeroSystems said it is aware of a quality issue on some models of the 737 fuselage it produces, but will continue to supply units to Boeing, which has determined that there is no immediate flight safety concern tied to the issue.
Woodside Heads Off Australian Labor Dispute Roiling Gas Markets
Threat of walkouts at liquefied natural gas plants run by Woodside had raised concerns about global supplies ahead of the Northern Hemisphere winter.
AIA Reports Strong First-Half on Lifting of Covid-19 Curbs
AIA Group’s value of new business in the first half rose 37% on the year as the lifting of COVID-19 restrictions in mainland China saw strong growth in the insurance business.
Snowflake stock gains as company sees ‘signs of stabilization but not recovery’
Snowflake kept its full-year forecast steady in Wednesday’s earnings report.
Nielsen Plans to Incorporate Amazon’s Data on ‘Thursday Night Football’ Viewership
The move is expected to boost ratings of games; Amazon’s own numbers were nearly 18% higher than Nielsen’s last season.
Mallinckrodt Lenders to Take Control in Bankruptcy That Cuts $1 Billion in Opioid Payments
Mallinckrodt agreed to hand lenders control of the pharmaceutical company through its second bankruptcy filing in three years while reducing by roughly $1 billion the settlement payments it had pledged for its alleged role in the opioid crisis.
Source: Dow Jones Newswires