Goldman Sachs Beat on Earnings, Beat on Revenue, and Watched Its Stock Fall Anyway
Goldman posted $17.55 EPS versus $16.49 estimated and $17.23B revenue versus $16.97B estimated, but a FICC trading miss sent shares down.
Business
JPMorgan, Wells Fargo, and Citigroup Report Today — the War Economy Gets Its First Earnings Test
Three of America's four largest banks report Q1 earnings today, and what Goldman's FICC miss revealed Monday makes the stakes clearer.
Brent Dropped from $103 to $97 on Blockade Day One — and the Paradox Tells the Real Story
Oil fell on the first day of a naval blockade because markets priced in porous enforcement, demand destruction, and Trump's 'deal' comment.
Leggett & Platt, a 122-Year-Old Dividend King, Disappears Into the World's Largest Bedding Company
Somnigroup is absorbing Leggett & Platt in a $2.5 billion all-stock deal, ending one of the longest consecutive dividend streaks in American corporate history.
GFL Environmental Buys Secure Waste for $4.6 Billion and the Market Punishes It Immediately
GFL Environmental is acquiring Secure Waste Infrastructure for C$6.4 billion in an 80/20 stock-cash deal, and its own stock fell on the news.
The Physical-Futures Oil Gap Grew on Blockade Day One Despite a Six-Dollar Futures Drop
Futures fell to $97 but physical crude stayed elevated — the spread that was $35 on Friday grew wider on Day One of enforcement.
Startup Funding Hit $297 Billion in Q1 and Four Companies Took Nearly Two-Thirds of It
Q1 2026 shattered every venture capital record, but 64% of the $297 billion went to just four companies — a concentration that looks less like a boom than a coronation.
The S&P Gained One Percent on Blockade Day One Because Trump Said Iran Wants a Deal
U.S. stocks rallied on blockade Day 1 after Trump said Iran wants a deal, while Asian markets fell sharply overnight.
Shipping Insurers Have Repriced Everything Near the Gulf, and the Blockade Is Enforcing Itself
War risk premiums for Hormuz transits have surged 35 to 50 times pre-war levels, effectively closing the strait through cost.