Story perspectives

BASF Earnings Miss, Bitcoin Plummets 99%, Kalshi Fights Shutdown

2/28/2026

Summary

Story summary

BASF's 2026 earnings guidance falls short of consensus, with EBITDA of 6.2–7.0 billion euros and free cash flow of 1.5–2.3 billion euros.
UBS analysts expect BASF shares to decline, with the stock down 1.3% to 49.01 euros.
In crypto, Nakamoto Inc. reports a 99% drop in Bitcoin shares, signaling substantial losses for holders.
Kalshi has sued Utah to prevent the platform shutdown, asserting it operates legally under federal regulations.

History

Historical Context

The 2008 global financial crisis, triggered by the collapse of subprime mortgages, caused the S&P 500 to plummet by 38.5%, severely impacting corporate earnings and investor confidence. Companies like BASF reported significant losses, reflecting broader market volatility. Today, BASF's earnings guidance of 6.2–7.0 billion euros highlights ongoing economic uncertainties reminiscent of past downturns, underscoring the cyclical nature of financial markets.

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Story summary

BASF's 2026 earnings guidance falls short of consensus, with EBITDA of 6.2–7.0 billion euros and free cash flow of 1.5–2.3 billion euros.
UBS analysts expect BASF shares to decline, with the stock down 1.3% to 49.01 euros.
In crypto, Nakamoto Inc. reports a 99% drop in Bitcoin shares, signaling substantial losses for holders.
Kalshi has sued Utah to prevent the platform shutdown, asserting it operates legally under federal regulations.

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