Tesla shares close down 12% after earnings miss for biggest slump since 2020
Tesla shares dropped after the company reported second-quarter earnings that missed expectations.
World’s largest luxury group LVMH slumps 4% after second-quarter revenue miss
Shares in LVMH fell on Wednesday after the luxury group on Tuesday released its earnings for the first half of 2024.
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.
