Nvidia Nears $2 Trillion Valuation on Insatiable AI Chip Demand

Chips used in AI are so valuable they are delivered by armored car-and Nvidia is estimated to have more than 80% of the market. 


 
Walmart Hits Supply-Chain Emissions Goal-Six Years Early

Retail giant said its suppliers have removed 1 billion metric tons of greenhouse-gas emissions from their value chains. 


 
Moon Landing Sends Intuitive Machines Stock Soaring Nearly 50%. What Comes Next.

Shares of Intuitive Machines were up almost 50% in early trading Friday after the company's lunar lander touched down on the moon on Thursday evening. 


 
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. 


 
Standard Chartered Unveils $1 Billion Buyback, Guides for Growth

Standard Chartered unveiled a $1 billion buyback and forecast higher income this year, after posting a quarterly earnings beat on the back of topline growth, lower impairments and sale of its aviation finance business. 


 
Grab Targets Organic Growth, AI Tools in Path to Profitability

Southeast Asian ride-hailing and delivery specialist Grab Holdings thinks the path to growth lies in building new products and honing efficiencies, CFO Peter Oey said in an interview. 


 
Meta Staff Found Instagram 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. 


 
Deutsche Telekom Sees Strong Year Ahead

Deutsche Telekom forecast a 6% rise in adjusted earnings and a strong cash flow this year, supported by its U.S. and European operations. 


 
BASF to Cut Jobs, Launch Further Cost-Cutting Measures at German Site

BASF said it would cut jobs as it planned to launch another cost-cutting program targeting its Ludwigshafen site, and confirmed its year-end results. 


 
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.


(END) Dow Jones Newswires

02-23-24 0915ET