• ING favors digital-oriented mergers and says Commerzbank is not in its sights.
  • International Consolidated Airlines abandons its bid for Air Europa.
  • Atlas Luxco improves its offer for Millicom to USD 25.75 per share.
  • Pirelli confirms its 2024 target after lower half-year results.
  • Salvatore Ferragamo reports a 41% drop in H1 operating profit.
  • Sika acquires Vinaldom in the Dominican Republic.
  • The United States launches an antitrust investigation into Nvidia after complaints from its rivals, according to The Information.
  • Berkshire Hathaway sells further shares in Bank of America; sales reach USD 3.8 billion.
  • Walgreens further reduces its stake in Cencora.
  • The EU approves the USD 34 billion merger between Bunge and Viterra.
  • Wells Fargo is the subject of a government investigation into anti-money laundering and sanctions.
  • Nintendo reports a 71% drop in first-quarter earnings.
  • SK Hynix falls heavily with the semiconductor sector.
  • Zomato jumps 9% after a rise in first-quarter profits.
  • Apple reported a return to sales growth in the third quarter on Thursday, with iPhone sales exceeding market expectations. However, the stock was down 0.3% before the opening.
  • Amazon said on Thursday it expected its sales for the current quarter to be well below Wall Street estimates. The stock lost 8% before the opening.
  • Intel announced on Thursday that it would cut more than 15% of its workforce and suspend dividends from the fourth quarter, as the company continues its turnaround. The stock plummeted by 20% before the opening and sent the entire sector tumbling. In its wake, Broadcom and Marvell Technology fell by 1.9% and 1.5% respectively.
  • Nvidia is under investigation by the U.S. Department of Justice for its takeover of startup Run:ai for alleged anti-competitive practices, according to Politico. The group is also said to be under investigation following complaints from its competitors, who believe that Nvidia has abused its dominant position in the market for the sale of chips designed for artificial intelligence, The Information reported on Thursday. The stock lost 3.4% before the opening.
  • Alphabet, Google's parent company, reduced its stake in cybersecurity firm CrowdStrike, well before the recent global computer blackout, shows a regulatory notice published on Friday.
  • Chevron reported below-consensus earnings on Friday, as refining margins eroded. The stock lost 1.5% before the opening.
  • Berkshire Hathaway sold more shares of Bank of America, bringing to over USD 3.8 billion the number of shares in the bank sold by Warren Buffett's group since mid-July.
  • Wells Fargo said on Thursday that it was being investigated by the U.S. government for its anti-money-laundering program. In pre-market trading, Wells Fargo shares lost 1%, while Goldman Sachs fell 1.1% and JPMorgan Chase 0.9%.
  • Booking Holdings expects lower growth in room nights in the third quarter, after reporting above-consensus sales in the second quarter.
  • Snap announced Thursday that it expects sales for the current quarter to be below consensus, as the Snapchat owner faces significant competition in advertising. The stock fell by 17.6% before the opening.
  • Cloudflare raised its annual sales and earnings forecasts on Thursday, following a solid quarter. The stock gained 6.8% before the opening.
  • DoorDash reported higher-than-consensus sales on Thursday, as more customers used its online delivery platform. The stock gained 10.2% before the opening.
  • Coinbase reported a jump in second-quarter sales on Thursday, as trading volumes on the crypto-currency exchange picked up. The stock advanced 2.4% in pre-market trading.
  • Prudential Financial reported a rise in second-quarter adjusted earnings on Thursday, as its US division benefited from higher underwriting and investment returns.
  • Microchip Technology forecast second-quarter net sales below Wall Street estimates, anticipating weak customer demand. The stock lost 5.6% before the opening.
  • Monolithic Power Systems said it expects third-quarter sales to beat estimates, benefiting from strong demand for its power control modules and hardware used in artificial intelligence applications.
  • Gen Digital reported above-consensus sales on Thursday, as spending on antivirus solutions rose among its customers.
  • Occidental Petroleum said Thursday it had reached a USD 12 billion agreement to buy CrownRock.
  • EOG Resources reported above-consensus earnings on Thursday, as the oil and gas producer benefited from higher crude production.
  • Coterra Energy reported below-consensus earnings on Thursday, hurt by lower production and natural gas prices.
  • Roku reported above-consensus sales on Thursday, benefiting from buoyant advertising spending by its customers. The stock gained 1.5% before the opening.
  • Clorox forecast higher-than-expected annual earnings on Thursday, betting on improved margins.
  • Celanese lowered its profit forecast for this year on Thursday, citing weak demand in several key sectors and production problems.

Main earnings reports today: Exxon Mobil, Chevron, Linde, Enbridge, Imperial Oil, LyondellBasell, Ares Management Corporation, Church & Dwight, TELUS, PPL Corporation, Alliant Energy Corporation, Sumitomo Mitsui Financial, Fast Retailing, Nintendo, KDDI, Japan Tobacco, Titan Company, Hindustan Zinc, Z Holdings Corporation, China Steel Corporation, Eisai, AXA, Engie, Erste Group Bank AG, AIB Group, Intertek...

The full earnings calendar is here.