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Recent Articles from MATT OTT AP Business Reporter
Israel-Iran conflict fuels oil surge, economic fears grow
Israel’s attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signaling a flight to investments perceived as more safe. After years of sky-high inflation in the […]
The number of Americans filing for jobless benefits last week rises to highest level in eight months
Unemployment claims rose to 247,000, an 8-month high, as tariff uncertainty and corporate job cuts weigh on the U.S. labor market and economic outlook.
JPMorgan logs Q1 profit of $14.6 billion as CEO warns of uncertainty over global trade, other events
NEW YORK (AP) — JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but it’s chief executive warned of global economic uncertainties ahead due to President Donald Trump‘s ongoing trade war and other geopolitical tensions. CEO Jamie Dimon said a strong performance […]
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports. Virtually every sector suffered big losses Thursday as U.S. financial markets careened toward their biggest one-day drop since COVID-19 flattened the global economy five years ago. Banks, retailers, clothing, airlines and technology companies were among the hardest [...]
