BMW Issues Shock Profit Warning, Blaming China Collapse and the Iran War
BMW warned Tuesday that its profit margin would fall to as low as 1% this year — down from a prior floor of 4%. Shares dropped 7%. The company blamed China’s collapse and the Iran war’s effect on consumer sentiment.
Raskin Accuses Kash Patel of Directing Over $1 Million in Taxpayer-Funded Bonuses to Loyalist Agents
The FBI’s “Payback Squad” reportedly carries out partisan directives and ignores probable cause. They also apparently get $8,000 bonuses every two weeks. Jamie Raskin wants to know who approved it.
Federal Judge Orders FBI and DOJ to Hand Over Thousands of Epstein Records—After Calling Their Proposed Pace ‘Absurd’
The FBI proposed processing 250 pages of Epstein records per month. The DOJ proposed 350. A federal judge called both rates “absurd” and ordered them to move faster — much faster.
Alberta’s Treaty Chiefs Unanimously Call for RCMP and Auditor General Investigation Into Danielle Smith for Treason
No First Nations coalition in Alberta has ever collectively demanded a treason investigation into a sitting premier. That changed Monday.
Warsh Abandons Forward Guidance in His First Fed Meeting as Rate Hike Fears Replace Cut Expectations
Warsh promised “regime change” at the Fed. On Wednesday he delivered the first installment — no forward guidance, a shorter statement, and a dot plot showing nine officials want to raise rates before year-end.
Iran-China Bloc? Tehran Envoy Proposes New Regional Bloc
Mohammad Bagher Ghalibaf, Iran’s parliament speaker and recently appointed special envoy for China affairs, told a meeting with Iran’s business chamber that Tehran needs new regional blocs and that any future bloc would have Iran and China at its center. Ghalibaf’s remarks, reported by Iranian state news agency IRNA, came with a revealing operational demand. […]
Alberta Health Told To Provide Documents To RCMP Amid Scandal
Alberta Health Services has received a court-backed order to provide documents to law enforcement, according to a senior executive at the agency. The order comes as RCMP continues investigating allegations that procurement decisions inside Alberta’s health system were mishandled in ways that benefited private businesses. Former AHS chief executive Athana Mentzelopoulos has alleged she was […]
Japan’s 31-Year High Rate Hike May Not Save The Yen
The Bank of Japan raised its short-term policy rate to around 1.0% on June 16, lifting the country’s benchmark borrowing cost into territory not seen since the mid-1990s. The central bank also raised the rate applied to its complementary deposit facility to 1.0% and its basic loan rate to 1.25%, with the changes taking effect […]
G7 Endorses Canada as Key Energy Supplier to Reduce Hormuz Dependence
G7 leaders have formally endorsed Canada’s potential to deliver “significant additional capacity” to global energy markets, a direct acknowledgment of the country’s role in reducing the world’s dependence on oil and gas routed through the Strait of Hormuz. The endorsement emerged from a joint statement at the G7 summit in Évian-les-Bains, France, where leaders pledged […]
Relief, Then Compliance: The US-Iran Agreement Explainer
The US-Iran memorandum now circulating through official briefings and wire reports is not built like a final settlement but a down payment. Iran would get access to the two things it needs fastest: energy-market reopening and financial relief. Washington would get a ceasefire framework, a promise that Iran will not produce a nuclear weapon, and […]