News roundup: Top financial events of the day - Thursday at 7 a.m. (ET).

February 22, 2024 at 07:16 Eastern Standard Time.

The $150 billion question: What will Warren Buffett do with all that cash?

Berkshire Hathaway's annual report will reveal whether its cash pile at the end of 2023 has reached another record.

Goldman Sachs' chief economist made the right predictions.

Axa increases dividend, launches share buyback program.

Axa announced a new share buyback program, increases dividend by 16% on the back of annual profit growth and sets new financial targets for 2024-2026.

Lloyds Banking will launch a shareholder buyback after exceeding earnings.

Lloyds Banking launched a $2.5 billion share buyback program after fourth-quarter profit growth despite lower revenues and higher provisions.

Fed minutes show concern about premature declines.

Last month, only two officials emphasized the risks of interest rates remaining high for an extended period of time.

The Bank of Korea maintains a stable rate and growth and inflation outlook.

South Korea's central bank is keeping its policy rate steady at a 15-year high, as expected, and signaling that a turn in policy strategy toward easing may not come anytime soon.

The court of Montenegro has ruled that crypto millionaire Do Kwon should be extradited to the United States.

The USA and South Korea are seeking to prosecute the creator of TerraUSD and Luna.

The slowdown of China's economy is causing a $3 billion loss for HSBC.

The bank incurred losses for the quarter after reducing the value of its stake in the Chinese bank Bank of Communications.

The price update sets the stage for revitalizing merger deals in the software sector.

Private capital players see the beginning of a thaw as software company prices adjust to the new market reality.

The head of Bank of America points out the contradiction between inflation and wage growth, but says that consumers are still spending.

CEO Brian Moynihan is "not worried" about competition from the proposed credit card merger, but he expresses "concern" about the direct connection between regional banks and commercial real estate.

(END) Dow Jones Newswires 02-22-24 0715ET © Dow Jones - 2024.