Dow Jones Top Company Headlines at 3 AM ET: Hyundai Profit Falls as Weak Auto Demand, Labor Unrest Weigh | BNP ...

At 3 a.m. ET, a roundup of major company developments highlighted pressure on auto demand and earnings across several sectors. Hyundai Motor reported weaker second-quarter net profit as vehicle sales declined amid cooling global demand, adding to challenges for South Korea’s largest automaker. In Europe’s banking and tech, BNP Paribas said net profit rose by about a third year-on-year ahead of analysts’ estimates, while UniCredit raised profit targets but saw second-quarter net profit hurt by a one-off linked to its Commerzbank bid. Elsewhere, TotalEnergies used cash gains from higher oil and gas prices to cut net debt by $3.3 billion to $19.71 billion, while Nestlé agreed to sell half of its Waters unit to Platinum Equity for $3.4 billion, with a deal expected to close in the first half of 2027. The headlines also included Tesla’s $5.8 billion spending turning cash flow negative, and Google’s cloud division posting an 82% jump as free cash flow turned negative.