MATT OTT AP Business Reporter, Author at Virginia Business

MATT OTT AP Business Reporter

Recent Articles from MATT OTT AP Business Reporter

Around The Nation April 11, 2025

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 […]

Money April 3, 2025

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 [...]

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