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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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UN Maritime Boss Warns Ships To Avoid Hormuz As Transits Continue
UN Maritime Boss Warns Ships To Avoid Hormuz As Transits Continue
The International Maritime Organization warned Wednesday that the Strait of Hormuz remains too dangerous for commercial shipping, even as vessels continue to transit the narrow waterway.
US Central Command said its latest round of strikes against Iranian coastal military targets concluded early Wednesday. Tehran retaliated with missile and drone attacks against US-allied Gulf states while continuing to disrupt some maritime traffic through the strait.
Yet commercial ships are still transiting, suggesting Iran's ability to fully weaponize the maritime chokepoint is...
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Mar 4, 2026
Pentagon Tells Congress No Sign That Iran Was Going to Attack US First
"Trump administration officials acknowledged in closed-door briefings with congressional staff on Sunday that there was no intelligence suggesting Iran planned to attack U.S. forces."
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