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Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years
Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years
Goldman Sachs reported its highest quarterly profit in five years, as the bank's equities traders beat their own previous all-time quarterly high revenue by more than $1 billion thanks to a surge in market volatility due to the war in Iran; however this stellar performance in equities was offset by an unexpected drop in FICC revenues. Here are Goldman's Q1 results in a nutshell:
EPS $17.55, exp. $16.41
Net revenue $17.23 billion, +14% y/y, exp. $16.95 billion
Equities sales &...
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May 9, 2026 / Tyler Durden
Cameco Sees As Many As 20 AP1000 Nuclear Reactors On The Horizon
Cameco Sees As Many As 20 AP1000 Nuclear Reactors On The Horizon
Cameco leadership recently made announcements during their 2026Q1 earnings call regarding an expectation that as many as 20 AP1000 reactors will be announced for construction with support from the Department of Commerce (DOC) and the Department of Energy (DOE).
Grant Isaac, the Chief Operating Officer and President of Cameco, provided some color on the call for the difference between the different department efforts and the stages of discussions under each.
We covered the announcement from the DOC at length last...
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Feb 28, 2026 / Tyler Durden
Iran Signals Ready To Deescalate After Defense Minister, IRGC Chief Killed In US-Israeli Strikes
Iran Signals Ready To Deescalate After Defense Minister, IRGC Chief Killed In US-Israeli Strikes
Update (10:00ET): Will the chaos be contained, after Iran unleashed retaliatory missiles on at least five regional countries, including Israel? Iran is quickly signaling that it's not willing to escalate this further, hoping for a halt in the US-Israeli operation:
Iran is attacking U.S. military facilities in the Middle East region and not "Americans in their land," Iranian Foreign Minister Abbas Araghchi said in his exclusive interview with NBC News.
He added that Tehran was interested in de-escalation and ready...
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Sep 3, 2026 / Tyler Durden
Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic.
The Baltic Dry Index, which tracks freight rates for several vessel classes, including Capesize, Panamax and Supramax vessels, jumped 5.5% to 3,331 points in London on Wednesday, its highest...
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