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Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss
Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss
Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q1 profit rose 17% from a year earlier, while net income came in at $8.58 billion. That amounted to $1.11 a share, above...
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Apr 21, 2026 / Tyler Durden
Trump Blinks Again, Unilaterally Extends Iran Ceasefire After Pakistan Talks Fail To Launch
Trump Blinks Again, Unilaterally Extends Iran Ceasefire After Pakistan Talks Fail To Launch
Summary
Trump unilaterally extends ceasefire after Vance calls off trip to Pakistan - says Iranian port blockade to remain in place. Tasnim says Iran's 'final decision' is to not attend talks.
Trump warns: 'Expect...bombs' & urges Tehran "release women" said to be on death row.
Overnight, US forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani in Indo-Pac region: CENTCOM
As just 12 ships have gone through Hormuz Strait in last 24 hours, Iran claims one...
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Jul 24, 2026 / Tyler Durden
China Is Now Viewed More Favorably Than America
China Is Now Viewed More Favorably Than America
Public opinion toward the world’s two leading powers has undergone a notable shift. Pew Research Center’s Spring 2026 Global Attitudes Survey reveals significant differences in how countries perceive China and the United States.
The visualization below, created by Visual Capitalist's Iswardi Ishak using Pew Research Center data, compares favorability toward both countries across 36 nations, showing where each holds the strongest public support and where opinions remain closely divided.
How the World Views the U.S. and China
The chart below plots favorable opinions of China and the U.S....
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Jul 6, 2026 / Tyler Durden
Xbox Hit With 3,000 Layoffs After CEO Warns Business Is "Not Healthy"
Xbox Hit With 3,000 Layoffs After CEO Warns Business Is "Not Healthy"
Xbox CEO Asha Sharma issued a dire warning to staff on Monday: "Our business today is not healthy. We must reset Xbox."
Sharma's memo, first published on the Xbox website, announced cuts of 3,200 jobs tied to Microsoft's Xbox division, or equal to about 20% of staff, as deteriorating margins and disappointing Game Pass subscriptions have forced the unit into a major restructuring effort.
The 3,200-job reduction will be split into two waves: the first 1,600 layoffs will begin...
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