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

02-21-24 1915ET