Goldman Sachs Tumbles in Q3

Goldman Sachs Group Inc. finds itself at the bottom of a steep drop. The investment firm reported real estate writedowns for the second consecutive quarter and a prolonged dip in dealmaking, slashing their profitability to a meager half of their goals.

The primary culprit are ill-fated property investments that led to a whopping $212 million loss in the equity book last quarter.

As if that wasn't enough, an extra $358 million in impairments joined the party, resulting in a gut-wrenching 33% drop in profit.

Trading revenue outperformed analysts' gloomy predictions, but despite this, the firm's shares still took a nosedive of up to 2.1%.

Goldman Sachs, once the Midas of Wall Street, has tragically lost its golden touch in a world of non zero interest rates.

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Chipocalypse Now: Uncle Sam Slaps Nvidia, Shakes Up Silicon Valley

The Biden administration has tightened its grip on Beijing's tech ambitions.

Deeming it a defensive move, the U.S. has clamped down on the sale of Nvidia Corp's specially designed chips meant for the Chinese market.

This silicon smackdown doesn't stop there - the new regulations also extend to exports to two Chinese AI chip firms, regarded rivals to the American Nvidia.

This strategic move, aimed at safeguarding advanced tech with potential military applications, sent tremors running through the US chip stock market this Tuesday.

This ordeal punched a $73 billion hole in the PHLX Semiconductor Sector index, which comprises 30 chip stocks.

The decision comes amidst brewing concerns over China's tech expansion, leaving us to ponder - when diplomacy takes a backseat, do semiconductors become the new battleground?

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Macron Rings Alarm Bells:'Islamist Terrorism' Haunts Europe

Emmanuel Macron is sounding the alarm on the resurgence of "Islamist terrorism" in Europe.

During an Albania visit, the French President voiced concerns over a chilling rise in terrorist attacks.

He cited the recent horrific incidents of a teacher's murder in France and the slaying of two Swedish football fans in Belgium as grim hallmarks of this dangerous trend.

Macron stressed that every European state is potentially under this ominous shadow.

The threat may also start rising in the US so stay safe everyone out there.

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Dragons Unleashed: Ukraine Unwraps Secret US Missile

Ukrainian President Volodymyr Zelensky confirmed that their military hit the jackpot with a highly desired Christmas present from Uncle Sam - the Army Tactical Missile System.

It's revealed that these missiles played a starring role in launching long-range strikes against the Russian forces.

The Ukrainian military, under the code name "Dragonfly," masterminded a strike resulting in the destruction of nine Russian helicopters.

This took place in Berdyansk and Luhansk, Russian-occupied portions of eastern Ukraine.

The missile action, marks a year-long request being fulfilled, turning the tides and inciting significant losses on the Russian side.

The missile system is boosting Ukraine's previously limited range of about 45 miles to a whopping 186 miles.

While we can’t help but imagine Russia’s “shock and awe” at this bit of pyrotechnics, we’d rather not be on the receiving end of these American Christmas crackers.

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