Key Financial News Highlights: Bank of America, Amazon Prime Day, Match Group, Berkshire Hathaway, and Hugo Boss

Bank of America’s second-quarter results have exceeded expectations, with shares rising about 2% in premarket trading. The bank reported earnings per share of 83 cents on revenue of $25.4 billion, beating analysts’ estimates. Despite a drop in net interest income, Bank of America’s Global Wealth and Investment Management division saw a 6% increase in revenue.

Amazon’s Prime Day is set to kick off today and tomorrow, with estimates suggesting it could be the tech giant’s biggest sales event ever. New AI-powered shopping tools and a revamped distribution model are expected to drive sales, with Amazon shares edging higher in premarket trading.

Match Group’s shares are surging in premarket trading after reports that activist investor Starboard Value may push for a sale of the online dating group if a revamp doesn’t work. Starboard believes there is potential for growth in Match Group’s emerging apps like Hinge.

Warren Buffett’s Berkshire Hathaway is seeing gains after hitting record highs on Monday. Key holdings in the conglomerate, including Apple, American Express, Chevron, and Occidental Petroleum, have contributed to the increase in share price.

On the other hand, Hugo Boss shares are tumbling in German trading after the luxury fashion retailer lowered its full-year sales outlook. The company cited macroeconomic and geopolitical challenges dampening global consumer demand, particularly in the U.K. and Chinese markets. This adds to the woes of the luxury sector, which has been facing challenges due to a pullback in consumer spending on high-end items and China’s economic slowdown.