Poll Finds 64 Percent Of Americans Say AI Is Developing Too Fast

Oh, By The Way, Private Credit Defaults Just Hit A Record... Submitted by QTR's Fringe FinanceWhile Wall Street remains preoccupied with unfolding shitshow in tech and AI right now, there’s another little problem quietly developing beneath the surface from a sector I’ve been warning about nonstop for 2 years: private credit defaults just hit a record high.According to Forbes, citing Fitch Ratings’ latest third-quarter private credit report, the U.S. private credit default rate climbed to 6.3% over the trailing 12 months, up from 6.0% in the previous quarter. It’s the...

BMW Targets 8,000 Job Cuts With New Voluntary Severance Package BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in Germany are expected to account for most of the roughly 8,000 positions BMW plans to eliminate globally, equivalent to about 5% of its...

Mediators Float 10-Day Ceasefire As Pezeshkian Tells Citizens Iran Engaged In 'Full-Scale War' The US military is bombing Iran for what is now the ninth straight day of renewed fighting, in a campaign which has expanded to include both civic and military infrastructure, also as Iranian retaliatory attacks keep up the pressure on the Gulf states, and have reached into Jordan, which deadly effect on an American base there. Iranian authorities have said at least 50 people were killed and more than 500 after the return to war in the last...