Business

LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry.The British energy major posted second-quarter…

Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesSaudi Arabia's economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the…

People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022. Frederic J. Brown | AFP | Getty ImagesInflation showed further signs of cooling in June, according to a gauge released…

Kazuo Ueda, governor of the Bank of Japan (BOJ).Bloomberg | Bloomberg | Getty ImagesThe Bank of Japan announced Friday "greater flexibility" in its monetary policy — surprising global financial markets.The central bank loosened its yield…

Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Mike Blake | ReutersProcter & Gamble reported its quarterly earnings before the bell Friday.Here's what the company reported compared with what…

Ford Mustang on display at the NY Auto Show, April 6, 2023.Scott Mlyn | CNBCDETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and…

Customers enter a Sweetgreen restaurant on June 21, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesSweetgreen on Thursday reported quarterly sales that fell short of Wall Street's expectations, but losses did narrow from the…

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on…

Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023.Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank expects…

The European Central Bank announced a new rate decision Thursday.Daniel Roland | AFP | Getty ImagesThe European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%.The latest…

The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster than expected pace during the period, the Commerce Department reported Thursday.GDP, the sum of all goods and services…

A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Samsung introduced the fifth generation of its foldable smartphones on Wednesday,…

Comcast beat analyst estimates on Thursday when it reported its second quarter results, as higher pricing helped offset a continued slowdown in its broadband business.The company also said the number of subscribers for its streaming service…

In an aerial view, a sign is posted in front of a McDonald's restaurant on April 03, 2023 in San Pablo, California.Justin Sullivan | Getty ImagesMcDonald's is expected to report its second-quarter earnings before the bell Thursday.Here's…

General view of the Shell logo.Picture Alliance | Picture Alliance | Getty ImagesLONDON — British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit, citing lower fossil fuel prices and refining…

A Chipotle restaurant in New York, US, on Monday, July 3, 2023.Jeenah Moon | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday reported quarterly earnings that crushed expectations, but the burrito chain's sales fell short.The…

Luxury behemoth LVMH on Tuesday reported a surprising drop in U.S. sales in the second quarter, as its chief financial officer said "aspirational customers are not shopping as much as they used to."LVMH's U.S. sales slid 1% in the second…

Snap shares tumbled over 17% after the company reported guidance for its current quarter that missed analysts' expectations.Here's how the company did:Loss per share: 2 cents vs. 4 cents expected by analysts, according to Refinitiv.Revenue:…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty ImagesMeta will report second-quarter earnings…

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments.The manufacturer of Jeep, Dodge, Peugeot and other brands recorded…

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022.Alex Kraus | Bloomberg | Getty ImagesDeutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second…

An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, January 10, 2020.Lindsey Wasson | ReutersBoeing results topped analyst expectations Wednesday thanks to a pickup in…

SK Hynix reported its earnings for the second quarter of 2023 on Wednesday.Nurphoto | Nurphoto | Getty ImagesSouth Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as…

Bottles of Coca Cola displayed at a grocery store on April 24, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its second-quarter earnings before the bell Wednesday.Here's what Wall Street…

A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany.Omer Messinger | Getty Images News | Getty ImagesLONDON — Shares of…

Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet will report second-quarter earnings after the close of regular…

Microsoft CEO Satya Nadella appears at an event with senior officials and CEOs in the East Room of the White House in Washington on June 22, 2023.Chris Kleponis | CNP | Bloomberg | Getty ImagesMicrosoft will report results for its fiscal…

Budrul Chukrut | LightRocket | Getty ImagesShares of Spotify fell 7% in premarket trading Tuesday after the company released second-quarter results that missed analysts' estimates for revenue and offered weaker-than-expected guidance.Here's…

A fashion week guest seen wearing red Adidas yeezy shoes, outside paul and joe during London Fashion Week September 2022 on September 17, 2022 in London.Jeremy Moeller / Contributor / Getty ImagesGerman sportswear giant Adidas on Monday…

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.Ying Tang | NurPhoto | Getty ImagesThe Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global…