UniCredit tops profit forecast, buys cloud-based bank
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).
Spain’s Santander posts 20% hike in net profit as retail business shines
Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity.
CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Wall Street slips ahead of megacap earnings. Alphabet’s Youtube ad revenue misses expectations. Tesla slides on weaker-than-expected earnings
India ‘clearly has a problem’ finding new drivers for economic growth, JPMorgan’s Jahangir Aziz says
India “clearly has a problem” figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan said.
Deutsche Bank shares drop 8% after lender snaps 15-quarter profit streak
Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.
Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting disappointing earnings.
Chinese EV stocks drop after Tesla’s earnings miss, General Motors delays EV plans
Shares of China’s electric vehicle companies mostly dropped on Wednesday after U.S. giant Tesla’s earnings fell short of analyst estimates.
Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans
Shares of China’s electric vehicle companies mostly dropped on Wednesday after U.S. giant Tesla’s earnings fell short of analyst estimates.
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI’s software, named Grok, into its vehicles.
Major global chip equipment makers’ China revenue share has doubled since U.S. imposed export controls
Four of the world’s largest chip equipment manufacturers have more than doubled the share of their China revenue since late 2022, Bank of America analysts said.
