Wall Street is winning the trade war

While much of the world braces for the next twist in today’s chaotic economy, Wall Street is quietly cashing in on the disorder. The latest earnings from major banks reveal just how lucrative volatility has become: trading desks at Goldman Sachs, JPMorgan, Citigroup, and their peers are thriving in an environment shaped by policy swings and market churn. Even as CEOs caution about uncertainty ahead, their profits show that unpredictability itself has become the product — and for now, the house is winning, no matter the direction markets move. Catherine Baab with Quartz has the full story.