Nvidia Sales Surge as AI Boom Lifts Earnings

The chip maker (NASDAQ:NVDA) 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 Workers to Vote on Withdrawing Strike Threat

Workers at three Woodside Energy-operated offshore liquefied natural gas platforms will decide Thursday whether to call off the threat of a strike that could have disrupted global gas supplies.

Snowflake breaks its string of guidance cuts, and its stock heads higher

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.

Juul to Lay Off 30% of Staff

The e-cigarette company has been on tenuous financial footing since U.S. regulators last year ordered its vaping products off the market, then suspended the ban pending the company’s appeal.

Ford Confronts Strange, Ear-Piercing Static in F-150 Trucks

Drivers have complained to federal regulators of abnormal noise coming from the vehicle’s speakers.

(END) Dow Jones Newswires

August 23, 2023 21:15 ET (01:15 GMT)