US Business

BMW’s auto unit reported slightly lower-than-forecast profitability in the second quarter as revenue was weighed by heightened competition and weaker consumer sentiment in China.

The Japanese financial company reported a decline in its first-quarter net profit, partly due to higher credit costs.

BAE Systems raised its full-year guidance after it reported a 13% rise in sales for the first half as defence spending was high across its key markets.

ING raised its full-year forecast for total income after its second-quarter results beat expectations.

Societe Generale shares slumped as the French bank’s weakness in its domestic retail business overshadowed better equities market dynamics that helped its second-quarter earnings top expectations.

Shell said its second-quarter earnings came in ahead of expectations, and that it would buy back $3.5 billion of shares this quarter.

ArcelorMittal reported a 38% fall in second-quarter earnings on lower steel prices and shipments but said it expected demand to improve in the second half of 2024.

Companies are dangling $5 burger meals and flakier biscuits to encourage consumer spending while trying to keep profits steady.

Barclays raised its net interest income guidance for the full-year and reiterated its 2024 and 2026 outlook for other metrics after second-quarter earnings beat expectations.

The new venture will stream games and content that includes the NFL, MLB, the NBA and Division I college football and basketball.