The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well below what analysts had expected.

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.

AMC Entertainment expects to swing to a loss in the latest quarter in the wake of the prolonged Hollywood actors and writers strikes last year, though it flagged a recovery in movie going last month.

T-Mobile said it entered into a definitive agreement to establish a joint venture with the investment firm KKR to acquire Metronet as the company aims to increase its fiber solution offer to U.S. consumers.

BNP Paribas backed its guidance for the year after posting better-than-expected earnings for the second quarter, with double-digit growth in its institutional banking and capital markets units.

Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch.