Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices CNBCBP Earnings: What to Expect—and How the Stock Might React Barron’sBP Cuts Buyback as Profit Misses Estimates and Net Debt Rises Bloomberg.comBP profits halve as oil major struggles to turn around business Financial TimesSummer Earnings Could Burn Oil Giants Crude Oil Prices Today | OilPrice.com
China Offers Olive Branch to U.S. Firms After Boeing Delivery Halt WSJChinese airlines and Boeing severely hit by tariffs, Beijing says ReutersChina Says Willing to Cooperate With US After Boeing Spat Bloomberg.comBoeing CEO says China has stopped taking its aircraft amid trade war CNBCBoeing wants to remarket China’s airplanes. It’s costly and time consuming. Leeham News and Analysis
Howard Lutnick says ‘deal’ has been reached on auto tariffs CNNDonald Trump to ease tariffs on auto parts, offers relief for US carmakers Times of IndiaTrump tariffs: President set to ease import levy impact on US car makers BBCAsia-Pacific markets mostly rise as Trump softens tariff stance CNBCOpinion | Trump Says He Wants to Save the U.S. Auto Industry. His Policies Could Destroy It. The New York Times
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive CNBCVolvo Cars drops guidance, announces cost cuts as tariffs hit earnings ReutersVolvo Car Pulls Guidance, Launches Plan to Soften Tariff Blow WSJVolvo Car Eyes $1.87 Billion in Cost Cuts to Protect Profits Bloomberg.comVolvo Cars to slash costs worth billions following weaker performance Yahoo Finance
Novartis posts better-than-expected first-quarter sales, raises full-year guidance CNBCNovartis Raises Forecast After Profit Beats Estimates Bloomberg.comNovartis Lifts Guidance After Profit, Sales Top Views WSJEarnings Preview For Novartis BenzingaNovartis more upbeat on 2025 guidance after strong Q1 momentum Global Banking | Finance | Review
Amazon launches its first internet satellites to compete against SpaceX’s Starlinks NPRAmazon Launches First 27 Project Kuiper Internet Satellites The New York TimesAmazon launches its first satellites to rival Starlink The VergeAmazon launches Project Kuiper satellites designed to compete with Elon Musk’s SpaceX CNNAmazon rocket launch, ULA Atlas V in Florida: What time is liftoff from Cape Canaveral? Florida Today
HSBC Soothes Investors With Another Buyback in Rocky Market Bloomberg.comHSBC announces share buyback of up to $3 billion as first-quarter results top expectations CNBCHSBC books 25% fall in first quarter profit; beats estimates Yahoo FinanceHSBC raises bad loan provisions and expects ‘muted’ lending from tariffs Financial TimesHSBC sets aside more cash for bad loans amid Trump tariff war The Guardian
American Airlines says it’s suing JetBlue as partnership talks end AxiosAmerican Airlines ends JetBlue talks, sues over collapsed alliance Yahoo FinanceAmerican Airlines and JetBlue End Talks to Revive Tie-Up Pact Bloomberg.comAmerican Airlines, JetBlue Abandon Alliance Revival Efforts: Retail Traders Eye Next Moves MSNResponse to reports about discussions with JetBlue American Airlines Newsroom
HSBC raises bad loan provisions and expects ‘muted’ lending from tariffs Financial TimesHSBC announces share buyback of up to $3 billion as first-quarter results top expectations CNBCHSBC launches $3 billion buyback after Q1 profit drop, raises tariff alarm ReutersHSBC Sticks With Share Buybacks After Stock Whacked by Trade War Bloomberg.comHSBC books 25% fall in first quarter profit; beats estimates Yahoo Finance
Asia-Pacific markets mostly rise as investors track impact of Trump tariffs on Wall Street’s earnings CNBCAsian Stocks Edge Up Before Barrage of Earnings: Markets Wrap Bloomberg.comStocks Rise in Final Hour of Wall Street Trading: Markets Wrap Yahoo FinanceGlobal shares mostly gain as uncertainty over US tariffs persists ABC NewsUltra-wealthy Asians rethink US stock exceptionalism amid Trump turmoil Nikkei Asia
