BP's Q2 net profit more than doubled to $5.73B, beating expectations and driving a 4% dividend hike as it plans to sell its Archaea unit.
As a UK standstill expires, Rio Tinto has no plans to restart $200B merger talks with Glencore, prioritizing cost cuts over a deal.
Palantir posted $1.9B in Q2 revenue (+93%) and $1.1B profit, as CEO Alex Karp warned that competing AI labs aim to capture enterprise IP.
Toyota raised its annual profit forecast by 13% to $21.6B due to a weak yen, despite a 9% Q1 profit drop and slumping sales in China.
U.S. President Donald Trump and Japanese Finance Minister Satsuki Katayama confirmed that the United States Treasury partnered with Japan in a rare joint currency intervention to curb extreme volatility and support the weakening yen. Trump framed the move as a signal of friendship that serves global financial stability.
Oil prices fell sharply, dropping over 5% as Brent crude dipped to $83.28 and WTI to $79.47 after U.S. President Donald Trump canceled a planned military strike on Iran. The administration cited agreement on the basic parameters of a deal aimed at preventing nuclear escalation and fully reopening the Strait of Hormuz, providing immediate relief to markets after geopolitical tensions
HSBC is shutting down its Australian retail banking operations and closing all 19 branches over the next 18 months, following the sale of its $36 billion mortgage and personal loan portfolio to Blackstone. The non-bank lender Pepper Money will manage the acquired loan book, while HSBC shifts its local strategy entirely toward corporate, private, and institutional banking. The exit marks the
Lloyds Banking Group and CaixaBank have successfully executed live cross-border tokenized deposit transactions through Project Agorá, a public-private initiative backed by the Bank for International Settlements. The tests demonstrated atomic, simultaneous cross-currency payments and settlements—converting Swiss francs into sterling and euro-denominated transfers—averaging processing times of under one minute and twenty seconds. The pilot highlights how commercial bank money tokenization can drastically
Elon Musk has dismissed Wall Street Journal reports claiming Tesla is preparing to spin off or sell its China business ahead of a potential merger with SpaceX, calling the claims "absurdly fake news". Shanghai Gigafactory which produces over 950,000 vehicles annually would ease geopolitical and national security hurdles for a SpaceX combination. However, Musk's flat denial shuts down rumors of an
Amazon has increased its full-year 2026 capital expenditure target to $220 billion, up from its previous estimate of $200 billion. CEO Andy Jassy highlighted rising memory costs and an escalating demand for artificial intelligence infrastructure and data center expansion as the primary drivers behind the spending hike. The elevated capital plan comes alongside strong second-quarter financial results. Total revenue hit $200.61
GSK is investing £400 million in a new Cambridge R&D center while cutting jobs to hit a £1.9 billion cost-saving target by 2029.
Apple shares dropped over 5% after the tech giant warned of severe memory chip shortages and issued lower-than-expected revenue forecasts.
BAE Systems secured a £5.9 billion UK government contract to build the next generation of Dreadnought-class nuclear-armed submarines.
Adidas shares plummeted nearly 18% in Frankfurt trading following its H1 2026 earnings release, marking its worst single-day drop since July 2014. Despite strong top-line growth, the stock suffered a sharp sell-off because results failed to meet heightened investor expectations. Driven by outfitting 14 national teams—including co-host Mexico and finalists Spain and Argentina—Adidas posted record sales for jerseys, match balls, and
Rolls-Royce and BAE Systems raised profit forecasts as rising global defense budgets and booming AI demand drive strong financial gains.
Spain's economy expanded 0.7% in Q2, beating analyst expectations as record tourism helped drive annual GDP growth to 2.7%.
Shell's net profit more than doubled to $9.84 billion, beating expectations on high oil and gas prices, strong trading, and improved chemical margins.
The Bank of England is expected to keep interest rates unchanged at 3.75% as ongoing Middle East conflicts and global market uncertainty fuel persistent inflation risks.
Q2 net profit fell 35% to €1.2 billion amid sharp sales drops in China, leading BMW to earn more from financial services than making cars.
Meta's stock dropped nearly 10% after hours due to a weak sales forecast, skyrocketing AI infrastructure costs, and rising legal risks despite record ad revenue.
Shares rose over 8% as Azure cloud revenue grew 43%, beating Wall Street estimates and reassuring investors that heavy AI spending is paying off.
General Dynamics topped Q2 earnings ($4.24/share vs. $3.97 expected) and revenue ($14.09B) on strong Aerospace jet deliveries and Marine submarine output.
LVMH reported accelerated Q2 sales growth to €19.5B, driven by strength in Asia and key brands, as H1 net profit held steady at €5.7B despite economic headwinds.
The FAA proposed mandatory inspections for passenger seats on 453 U.S.-registered Boeing 737 MAX jets to fix improper track installations that could pose safety risks.