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"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance.
The Detroit automaker also lifted its full-year guidance for the second time in 2026.
It's amazing what happens when the federal government isn't pressuring your business to convert entirely...
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Apr 1, 2026 / Tyler Durden
Oil Unimpressed As Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened
Oil Unimpressed As Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened
Summary
UAE mulls becoming first Gulf country to directly joint US-Israeli war against Iran, lobbies for firm UNSC security resolution.
Trump open to exiting 'paper tiger' NATO after Iran war is over, angry over lack of help in Hormuz crisis.
Oil tanker leased to QatarEnergy was struck by an Iranian cruise missile in Qatari waters Wednesday.
IRGC has newly vowed to keep attacking with "full intensity and power" - suggesting this is far from over,...
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Sep 12, 2026 / Tyler Durden
US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report
US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report
Via The Cradle
The US military has reduced the daily window in which it offers air defense to commercial ships transiting the Strait of Hormuz, the Financial Times (FT) reports on Saturday.
Since May, Washington has sought to break Iran's control of Hormuz by providing air defense for vessels sailing through the strategic strait along a southern route hugging the coast of Oman.
Image source: US Air Force
Iran imposed a blockade on the strait shortly after the US and Israel launched an...
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Aug 22, 2026 / Tyler Durden
Inside America's Drone Arms Race: What Industry Experts See Ahead Of Procurement Supercycle
Inside America's Drone Arms Race: What Industry Experts See Ahead Of Procurement Supercycle
Our coverage of America's Group 1 to Group 3 drone industry has centered on Unusual Machines and Ondas, two companies positioned to reap the benefits from what could become a historic procurement cycle next year. The catalyst is the Department of War's Defense Autonomous Warfare Group, which is preparing to direct $55 billion toward autonomous systems. If that spending materializes as planned, companies offering NDAA-compliant drones and drone components, scalable manufacturing capacity, and field-ready platforms should be...
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