Article
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 20, 2026 / Tyler Durden
Global Rush For "Non-Red" Suicide Drones Begins As Taiwan Sees Booming Orders
Global Rush For "Non-Red" Suicide Drones Begins As Taiwan Sees Booming Orders
Four years of war in Ukraine have rewritten how warfare is fought, accelerating the urgent need for low-cost aerial unmanned systems and ground robots. It has also prompted Taiwan to emerge as a supplier of low-cost suicide drones.
Taiwan's national news agency, the Central News Agency, reported that a Taichung-based Taiwanese drone manufacturer is now focused on producing a domestically made variant of Iran's Shahed one-way attack drone.
CNA said Carbon-Based Technology's main exports are "triangular-wing drones with a control...
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Apr 27, 2026 / Tyler Durden
Rubio Insists US 'Will Not Tolerate' Deal Which Makes Iran Gatekeeper Over Hormuz, As Putin Tells Araghchi Tehran 'Fighting For Its Sovereignty'
Rubio Insists US 'Will Not Tolerate' Deal Which Makes Iran Gatekeeper Over Hormuz, As Putin Tells Araghchi Tehran 'Fighting For Its Sovereignty'
Summary
Putin tells FM Araghchi that he's been in contact with the new Supreme Leader, and says Iran fighting for 'sovereignty'
After a weekend of stalemate malaise, Iran reportedly offers new proposal for opening ship traffic, while postponing the thorny nuclear issue; Rubio says 'will not tolerate' Iran control of strait
Trump says peace could come via telephone rather than face-to-face meetings, also warning Iranian oil infrastructure could explode from within unless flow resumes;...
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Mar 27, 2026 / Tyler Durden
The German Bureaucratic Dream Of "Society with Bound Capital"
The German Bureaucratic Dream Of "Society with Bound Capital"
Submitted by Thomas Kolbe
They form a massive workforce, the last continuously growing sector of our society: civil servants.
Approximately 5.5 million employees work in the public sector, and last year alone, 205,000 new civil servants were added.
This is by no means a blind attack on the bureaucracy. Civil servants indispensable to our society work to maintain internal and external security and uphold the judiciary as guardians of law and order.
Yet the question must be allowed. How can a civil service army grow...
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