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JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela.
The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...
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Apr 15, 2026 / Tyler Durden
Tax Freedom Day Underestimates How Long You Work For The Government
Tax Freedom Day Underestimates How Long You Work For The Government
Authored by Jonathan Newman via The Mises Institute,
Tax Freedom Day, calculated by the Tax Foundation, “represents how long Americans as a whole have to work in order to pay the nation’s tax burden.”
It appears that they stopped publishing this in 2019, but others have picked up where they left off.
The idea is that the income earned by taxpayers over a certain proportion of the year goes to Uncle Sam.
In 2025, that date was April 16th.
But the burden of government...
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Feb 23, 2026 / Tyler Durden
Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union
Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union
While much digital ink has been spilled on the Supreme Court's striking down of Trump's IEEPA tariffs and the consequences of this decision (see "Full Analysis Of The Supreme Court IEEPA Decision: How It Impacts The Economy, Policy And Markets"), a lot more is on deck for this week when we will also have more geopolitical headlines to contend with, as the latest round of US-Iran talks is expected in Geneva on Thursday....
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Apr 10, 2026 / Tyler Durden
Immigration Board Denies Mahmoud Khalil's Appeal
Immigration Board Denies Mahmoud Khalil's Appeal
Authored by Jill McLaughlin via The Epoch Times,
An immigration appeals board on April 9 denied Palestinian activist Mahmoud Khalil’s final appeal seeking to keep him from being deported from the United States.
The former Columbia University student and leader of pro-Palestinian protests is now subject to an administrative final removal order, authorizing the Immigration and Customs Enforcement (ICE) to remove Khalil from the country.
Khalil, 31, said the board’s decision was based on politics.
“I am not surprised by this decision from the biased and politically motivated Board...
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