The Carlyle Group reported strong second-quarter results, driven by gains in private credit and secondaries. The firm successfully executed a series of private equity exits, boosting earnings during a period when some competitors struggled to sell assets profitably. Carlyle's assets under management (AUM) increased, contributing to fee growth and a rise in revenue to $1.57 billion, surpassing expectations by $671.4 million. Non-GAAP earnings per share (EPS) came in at $0.91, beating estimates by $0.02. Carlyle's CEO highlighted the company's strong momentum and effective execution of its strategic plan. Meanwhile, Hertz Global Holdings posted a second-quarter adjusted EPS of negative $0.34, which beat estimates by $0.07, with revenue of $2.19 billion exceeding forecasts by $20 million. Despite a net loss of $294 million and revenue declines due to a smaller fleet and lower pricing, Hertz returned to positive adjusted EBITDA by significantly reducing vehicle depreciation. Hyatt Hotels Corporation reported an adjusted EPS of $0.68 and revenue of $1.81 billion, with a net loss of $3 million. Hyatt's net rooms grew by 11.8%, supported by its asset-light strategy including the Playa transaction.