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"Radical Earnings Cut": JPMorgan Sounds Alarm After BMW's Forecast Shock
"Radical Earnings Cut": JPMorgan Sounds Alarm After BMW's Forecast Shock
BMW shares cratered in Germany after the automaker warned investors it would slash its 2026 margin guidance to as low as 1%, down from a prior estimate of as high as 6%, amid weakening demand in China, Middle East-related pressures, rising energy costs, and a deteriorating consumer backdrop hitting sales and profitability.
BMW now expects its pretax profit to fall sharply this year, versus a prior expectation of a moderate decline, and for deliveries in the auto segment to slide, compared...
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Mar 23, 2026 / Tyler Durden
Musk Plans To Appeal After Jury Finds Him Liable To Twitter Shareholders
Musk Plans To Appeal After Jury Finds Him Liable To Twitter Shareholders
Authored by Aldgra Fredly via The Epoch Times (emphasis ours),
A federal jury on March 20 found tech billionaire Elon Musk liable for misleading Twitter shareholders by driving down the social media platform’s stock price months before acquiring it for $44 billion in 2022.
The decision follows a civil class action lawsuit filed by Twitter investors in October 2022. Musk agreed to buy Twitter at $54.20 per share in April 2022 but later tried to back out of the deal,...
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May 27, 2026 / Tyler Durden
Samsung Inks Labor Deal, Averts Chip Strikes As AI Bonus Boom Fuels Ferrari Purchases
Apr 10, 2026 / Tyler Durden
Gen Z Americans Grow More Skeptical And Angry About AI, Survey Finds
Gen Z Americans Grow More Skeptical And Angry About AI, Survey Finds
Authored by Bill Pan via The Epoch Times,
Young Americans are using artificial intelligence (AI) regularly, but their distrust and resentment toward the technology are also growing, according to a new Gallup survey.
The survey, released Thursday, found that more than half of Generation Z respondents ages 14 to 29 said they use generative AI either daily or weekly. Younger members of Gen Z who are still in K–12 education were more likely than Gen Z adults to say they...
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