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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 12, 2026 / Tyler Durden
UK Summons Chinese Ambassador Over Spying Allegation
UK Summons Chinese Ambassador Over Spying Allegation
Authored by Dorothy Li via The Epoch Times,
The British Foreign Ministry on May 9 stated that it had summoned the Chinese ambassador after a London court convicted two men, including a former British immigration officer, of spying for the Chinese communist regime.
Bill Yuen Chung Biu (L) and Peter Wai Chi Leung (R), both charged with assisting Hong Kong intelligence service, arrive separately ahead of their trial at the Old Bailey in central London, on March 2, 2026. Carlos Jasso/AFP via Getty Images
The Chinese...
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May 18, 2026 / Tyler Durden
Watch $134 Million Go Up In Smoke As Navy Jets Collide At Air Show
Watch $134 Million Go Up In Smoke As Navy Jets Collide At Air Show
As if Pentagon losses in the Trump-Netanyahu war on Iran weren't already sapping them enough already, American taxpayers were losers again on Sunday when two U.S. Navy EA18-G Growlers blew up in spectacular fashion after colliding at an air show at Mountain Home Air Force Base in Idaho. Four crew members ejected and were medically evaluated and said to be in stable condition.
EA18-G Growlers are used to jam and suppress enemy radar and other electronics (USAF Photo)
The...
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Apr 18, 2026 / Tyler Durden
These Are The US Cities Where No One Can Afford A Large Home
These Are The US Cities Where No One Can Afford A Large Home
An April 2026 housing report by Highland Cabinetry highlights a growing affordability crisis across major American cities, revealing that the true cost of housing goes beyond total price and is better understood through the lens of cost per square foot. By analyzing home prices, rental costs, and average property sizes across 40 large cities, the study shows where Americans are paying the most for the least amount of living space. This approach offers a clearer picture of...
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