Uber forecast weaker third-quarter profit and said it plans to invest more than $10 billion in autonomous vehicles, without giving a detailed timeline. The stock fell about 3% in premarket trading. Second-quarter gross bookings came in at $58.02 billion and topped expectations, while adjusted core earnings also beat forecasts. Operating expenses rose about 10% year over year.

HSBC reported a first-half pretax profit of $19.5 billion, up 23% year-on-year, beating market expectations. The bank raised its full-year net interest income outlook to above $46 billion. It also restarted share repurchases with a plan of up to $1 billion and declared a second interim dividend of $0.1 per share.

Roblox (RBLX) shares sank nearly 30% in a single session, marking the stock’s biggest one-day drop on record. The selloff followed the company’s forecast for a sharp decline in bookings and a warning that changes to its recommendation algorithm could further pressure near-term in-app spending. If the decline holds, Roblox is set to wipe out more than $10 billion in market value, falling from about $34.9 billion to about $24 billion.

Ares Management posted second-quarter results that included record fundraising of $36 billion, with $23.7 billion raised for its credit strategies, lifting assets under management 17% from a year earlier to $671.3 billion. Its BDC, Ares Capital, reported core earnings of 47 cents per share in line with expectations, maintained its dividend and had about $6 billion of available liquidity. Blue Owl Capital said assets under management ended June at $319 billion, up 12% from a year earlier. Despite the sector’s strong growth, the report noted that default rates and redemption pressures remain elevated.

Moderna posted second-quarter revenue of $145 million, beating analysts’ average estimate of $103 million. Its experimental norovirus vaccine candidate missed the statistical benchmark for early success in an interim analysis of a late-stage study, sending the stock down more than 4% in premarket trading. The company reiterated its full-year revenue growth expectation of up to 10%, with roughly half of its revenue coming from the U.S. The U.S. FDA is set to decide on Moderna’s flu vaccine by August 5.

Chevron reported adjusted second-quarter net profit of $12 billion, or $6.06 per share, beating analyst expectations. Upstream earnings rose to $8.2 billion, up 200% from a year earlier. Brent crude prices were 23% higher than in the first quarter, supported in part by limits on shipping through the Strait of Hormuz. U.S. production hit a record 2.08 million barrels of oil equivalent per day, led by the Permian Basin and the Gulf of Mexico.

France’s state investment bank Bpifrance, together with the government’s shareholding agency APE, sold a 2.5% stake in telecoms group Orange for $1.3 billion. After the deal, the two will hold a combined 20.4% stake, keeping their position as Orange’s largest shareholder. The sale reflects a strategic partial pullback by the French government from its state-backed telecom holdings and changes Orange’s ownership structure. The stake reduction is seen as a short-term negative catalyst for Orange shares.

Sony reported fiscal 2024 first-quarter results with group operating profit of 476.5 billion yen, up 40% year on year, driven by strength in its gaming and image sensor businesses. The company raised its full-year operating profit guidance by 8% to 1.72 trillion yen ($10.70 billion). PS5 quarterly unit sales fell by roughly a third from a year earlier, but Sony reaffirmed its supply position and its plan for stable hardware profitability.

Banco Santander has announced a voluntary tender offer for all outstanding shares of its Brazilian unit, Santander Brasil, seeking to buy the remaining roughly 10% free float. The bank is offering a 15% premium to the prior day’s closing price, valuing the transaction at up to 1.9 billion euros. The offer has no minimum acceptance condition and does not aim to delist the Brazilian subsidiary. If fully taken up, Santander would issue about 156 million new shares, or around 1.1% of its current share capital, and said the move should be neutral for its capital ratio.