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The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on a comparable basis compared with the year-earlier period.

Investors in Asia will also look at tech stocks to see if there is any spillover effect on EV stocks after Tesla earnings missed estimates.

Economists and trade experts largely expect Trump would further cut and destabilize trade relations between the world’s two largest economies.

Tesla’s adjusted operating margin shrank to its lowest in three years in the second quarter, contributing to a plunge in the stock price.

Tesla reported a 7% decline in year-over-year automotive revenue for the second quarter, contributing to a drop in profit.

Google parent company Alphabet reported earnings after the bell.

At one point in 2024, shares were down more than 40% from the end of last year as a result of Tesla’s weaker vehicles sales.

Google once had a head start in the AI race. Now the company needs to stand up against competition from OpenAI and Microsoft.

Though the billionaire said he has created a new super political action committee (PAC) to fund the Republican candidate.