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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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Jun 18, 2026 / Tyler Durden
Washington's Business Exodus
Washington's Business Exodus Authored by Mark Harmsworth via The Washington Policy Center, Washington state’s business climate continues to deteriorate under the weight of record tax increases and burdensome regulations. A spring 2026 survey by the Association of Washington Business reveals alarming trends. Nearly one in four employers (24 percent) are now actively considering relocating their businesses out of state, up sharply from 17 percent in the previous quarter and nearly triple the level from winter 2025. Another 55 percent of business leaders are considering moving their personal residences elsewhere, citing the state’s escalating tax burden as...
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May 10, 2026 / Tyler Durden
Bahrain Intensifies Crackdown On Shia Communities, Arrests Dozens Over Alleged IRGC Links
Bahrain Intensifies Crackdown On Shia Communities, Arrests Dozens Over Alleged IRGC Links Via The Cradle Bahrain’s Interior Ministry announced on Saturday the arrest of 41 citizens, including multiple Shia religious leaders, over alleged ties to Iran's Islamic Revolutionary Guard Corps (IRGC). The ministry said security services uncovered the alleged network through "investigations, security reports, and previous Public Prosecution cases related to espionage involving foreign entities." The detainees are accused of "espionage involving foreign entities and sympathy with blatant Iranian aggression." AFP via Getty Images Around 30 Shia Muslim clerics were among the 41 arrested, as the Gulf monarchy...
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Leonard E. Read
I, Pencil
I, Pencil

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