$GS Goldman Sachs Group Inc.’s Equity-trading revenue rose 27% YOY to $4.19 billion in Q1 2025— its highest quarterly revenue haul on record, following $JPM JPMorgan Chase & Co. and $MS Morgan Stanley who also notched record stock-trading hauls for the period. This after a record 2024 for Goldman when it lifted equity trading revenue by ~50%.
The banks are riding a wave of volatility that’s roiled financial markets triggered by a potential global trade war emerging.
Equity futures fell on Wednesday after the U.S. market close while safe-haven gold and bond prices rose as investors worried about U.S. President Donald Trump's announcement of 10% tariffs on all imports, with much higher rates for some trading partners.
S&P 500 E-minis stock futures initially rose after Wall Street indexes closed the regular session higher, but then lost ground as Trump went into detail about his tariff plans in a White House Rose Garden event.
S&P 500 futures 
ES1! fell 1.6% as Trump spoke while Nasdaq futures 
NQ1! fell 2.4%.
Trump, who has referred to Wednesday as "Liberation Day", outlined a range of levies for different countries including
Saylor's Strategy, and the trouble with Strife
Saylor's latest scheme's name, may say it all! It's called Series A Perpetual Strife Preferred Stock!
As Alphaville says,
"Strife"? "Perpetual Strife"? Matt Levine at Bloomberg had initially suspected a typo when he read it, but 23 references in the document suggest not. Maybe it's an inside joke — the kind of thing that sounds clever at 5am at an after-party. Or perhaps it's an unwittingly honest nod to the drama surrounding the company's relentless bitcoin accumulation.
For one, it's not your typical (Micro)Strategy dilutive equity issuance; unlike the perpetual strike preferred securities ( $STRK ), it is not convertible into common stock.
So it's just strife for you!
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