Standard Chartered Posts Stronger-Than-Expected Quarterly Profit

The bank's fourth-quarter profit was supported by higher net interest income and it said that it would buy back up to $1 billion in shares starting immediately. 


 
Nvidia Nears $2 Trillion Valuation on Insatiable AI Chip Demand

The chips that perform artificial-intelligence calculations are so valuable that they are delivered in armored cars. 


 
JPMorgan CEO Jamie Dimon Sells $125 Million of Stock

Jamie Dimon sold $125 million of JPMorgan stock through a plan, while his wife Judith Kent sold $25 million of stock. 


 
Meta Staff Found Instagram Subscription Tool Enabled Child Exploitation. The Company Pressed Ahead Anyway.

Employees offered suggestions to reduce risks of misuse of subscription accounts featuring minors. Meta took another approach and says its programs are well monitored. 


 
FTX Drops Demand for $323 Million Over Europe Deal, Agrees to Sell EU Assets

The FTX estate has agreed to drop a lawsuit that sought to claw back at least $323.5 million from the original owners of the bankrupt cryptocurrency exchange's European unit. 


 
Vice Media to Stop Publishing on Vice.com, Plans to Cut Hundreds of Jobs

The cuts follow a failed effort by owner Fortress to sell embattled digital publisher and its brands. 


 
Woodside to Sell Scarborough JV Stake to Japan's Jera

Woodside Energy said it has agreed to sell 15.1% of the venture developing the Scarborough natural-gas field offshore Australia to Japan's Jera for $1.4 billion as part of a broader strategic relationship. 


 
Block delivers a surprise profit, and its stock is surging

The parent of Square and the Cash App has been focused on getting leaner. 


 
Hospitals Urged to Disconnect From UnitedHealth's Hacked Pharmacy Unit

The American Hospital Association urged healthcare facilities to disconnect from a major technology provider and to check their systems after a cyberattack against one of the largest U.S. commercial prescription processors. 


 
Intuit's stock dips despite big earnings beat, revenue in line with analyst estimates

Intuit Inc.'s stock dipped 2% in after-hours trading Thursday despite the company posting quarterly revenue that met analysts' estimates and earnings that surpassed them.


(END) Dow Jones Newswires

02-23-24 0115ET