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Day: February 22, 2024

Carvana posts first-ever annual profit after it cuts debt, shares surge
Business

Carvana posts first-ever annual profit after it cuts debt, shares surge

February 22, 2024February 22, 2024

By Bhanvi Satija (Reuters) -Carvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut…

Block outlook tops earnings estimates, boosting shares 12%
Business

Block outlook tops earnings estimates, boosting shares 12%

February 22, 2024February 22, 2024

By Hannah Lang (Reuters) -Shares in Jack Dorsey-led Block surged 12% on Thursday after the payments firm forecast adjusted core…

Nvidia fuels global stock records, bond yields rise
Business

Nvidia fuels global stock records, bond yields rise

February 22, 2024February 22, 2024

By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record…

Intel signs Microsoft as foundry customer, says on track to overtake TSMC
Business

Intel signs Microsoft as foundry customer, says on track to overtake TSMC

February 22, 2024February 22, 2024

By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans to use its services to…

S&P 500, Dow close slightly up; Nvidia gains after the bell
Business

S&P 500, Dow close slightly up; Nvidia gains after the bell

February 22, 2024February 22, 2024

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Dow Jones industrials eked out small gains on Wednesday,…

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