Tax day has passed but it is interesting to note in grim coincidence of Abraham Lincoln having both created the income tax and perishing from his fatal wounds on April 15, 1865. Americans paid a record $1.4 trillion in income tax in 2014.
Smith & Wesson shares soared as the company announced that firearm orders are picking up. The company forecasts sales of about $179 million for the quarter. That's up 8% from its projection just six weeks ago. Smith & Wesson gun sales hit a record of $626.6 million last year. (CNN)
Goldman Sachs posted quarterly profits of $2.75 billion, up 41% from 2014. Revenue rose to $10.62 billion, up 14% from a year ago. Revenue from trading fixed income, currencies and commodities rose 10%. Goldman's stock has risen 30% in the last 12 months. (Reuters)
Philip Morris International reported first-quarter profit of $1.8 billion. The seller of Marlboro and other brands outside the US posted revenue of $6.62 billion. Both numbers were roughly equal to last year. Cigarette shipment volume climbed 1.4%. Philip Morris does all of its business overseas, the company has to navigate changes in currency values. A stronger dollar cuts into revenue generated overseas when it's translated back into dollars. (Associated Press)
Japan has overtaken China to become the leading holder of U.S. Treasuries for the first time since the 2008 financial crisis. (Bloomberg)