Business

Jamie Dimon warns Iran war could drive inflation, interest rates higher

JPMorgan Chase CEO Jamie Dimon warned in his annual letter to shareholders that the war in Iran could lead to more stubborn inflation as well as higher interest rates than what the market is currently anticipating. Dimon’s letter was released Monday in conjunction with JPMorgan’s annual report for 2025 and…

China could target US homeland if Iran conflict escalates, expert warns

Unidentified, sophisticated drones flying over a handful of U.S. military bases could be a warning sign from China, Gordon Chang warned Monday, suggesting Beijing could target the American homeland if the U.S. becomes more involved in its conflict with Iran. “The important point here is that we have had, last…

San Francisco becomes first US city where diesel prices top  a gallon

For the first time on record, average diesel prices in San Francisco have surged past $8 per gallon, according to new data from GasBuddy—marking an unprecedented milestone for any U.S. city. The jump comes as the war with Iran pushes global oil prices higher, underscoring the volatility in fuel markets…