Wall Street's Biggest Banks Made Record Profits From the War — Their Reserve Builds Tell a Different Story
JPMorgan posted record $11.6B in trading revenue from war volatility — while quietly building $327M in credit reserves against the same war.
Theo Kaplan
Bureau: San Francisco
Amazon Paid $11.6 Billion to Break Starlink's Monopoly
Amazon's $11.57B Globalstar acquisition buys spectrum, satellites, and Apple's emergency SOS relationship — the largest satellite deal in history.
The World Poured $130 Billion Into BlackRock in One Quarter
BlackRock's Q1 saw record $130B net inflows, 46% profit growth, and AUM near $14T — investors are fleeing into managed money as war volatility spikes.
Bitcoin Dipped as Tax Day Forced $2.8 Billion in Crypto Selling
An estimated $2.8 billion in forced crypto liquidation hit markets ahead of today's IRS deadline, pushing Bitcoin's fear index to extreme fear at 12.
Mastercard's $1.8 Billion Stablecoin Acquisition Eclipsed Stripe's Bridge Deal
Mastercard is paying up to $1.8B to acquire London-based BVNK, the largest stablecoin infrastructure deal ever, and the message to legacy finance is unmistakable.
Johnson and Johnson Beat on Cancer Drug Strength Despite Biosimilar Erosion
JNJ reported Q1 EPS of $2.70 and revenue of $24.06B — up 10% year-over-year — even as Stelara lost 60% of its sales to biosimilar competition.
Q1 M&A Hit $438 Billion as the Megadeal Era Arrives
Global M&A exceeded $438B in the first quarter of 2026, with megadeals over $10B hitting an all-time record — and one cooling company's factory workers got checks.