Here are all the ways the Iran war has affected the U.S. economy so far
[ad_1] In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential […]
Earnings season could finally give the stock market some good news. Here’s what’s ahead
[ad_1] Investors are hopeful that first quarter earnings can help the stock market move past the war in Iran, now that there is a tentative ceasefire. Stocks soared this week after President Trump suspended attacks on Iran for two weeks, driving up the Dow Jones Industrial Average more than 1,300 points on Wednesday, its best […]
JPMorgan CEO Jamie Dimon in annual letter cites risks in geopolitics, AI and private markets
[ad_1] JPMorgan Chase CEO Jamie Dimon is calling for a broad recommitment to American ideals as his bank navigates geopolitical uncertainty, a teetering economy and the revolutionary impact of artificial intelligence. Dimon in his annual letter to shareholders, published Monday, noted the country’s 250th anniversary as “the perfect time to rededicate ourselves to the values […]
The March jobs report will be released on Friday. Here’s what to expect
[ad_1] A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of […]
Goldman Sachs’ Lloyd Blankfein warns Iran war fallout ‘is going to last’ even if ‘there’s a resolution tomorrow’
[ad_1] Goldman Sachs’ senior chairman and ex-CEO Lloyd Blankfein has warned that the damage from the Iran war “is going to last,” even if there were “a resolution tomorrow” — and urged investors to prioritize contingency planning amid the turmoil. Speaking with CNBC’s Steve Sedgwick on Wednesday, Blankfein suggested that certain parts of the market […]
Recession odds climb on Wall Street as economy shows cracks beneath the surface
[ad_1] Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for […]
Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
[ad_1] Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through […]
The Iran war is pushing up European energy prices. Here’s why a Ukraine-style inflation shock could still be avoided
[ad_1] The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw […]
Trump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell
[ad_1] Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next […]
Epstein files: Goldman Sachs lawyer Kathryn Ruemmler asked to testify to House panel
[ad_1] FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013. Charles Dharapak | AP The House committee investigating the notorious sex offender Jeffrey Epstein has asked Goldman Sachs‘ top lawyer, Kathryn Ruemmler, to […]