Jamie Dimon, chairman and CEO of JPMorganChase, will speak at the Reagan National Economic Forum on Friday as the U.S. faces rising inflation amid the war in Iran. Dimon warned in his annual letter to shareholders last month that prolonged inflation and higher interest rates caused by the war could tip the U.S. economy into a recession. “The skunk at the party — and it could happen in 2026 — would be inflation slowly going up, as opposed to slowly going down. This alone could cause interest rates to rise and asset prices to drop,” Dimon said. The U.S. and Iran have reportedly agreed to terms on a deal to reopen the Strait of Hormuz, which could begin to ease high energy prices and the risk of a recession, according to U.S.…
This week's photos feature Airmen from around the globe involved in activities supporting expeditionary operations and defending America. This weekly feature showcases the men and women of the Air Force.
The Shangri-La Dialogue, hosted by the International Institute for Strategic Studies, will also address tensions in the Middle East and Russia's war on Ukraine.
A Russian drone hit a Romanian residential apartment building overnight in the eastern town of Galati close to Romania's border with Ukraine, injuring two people.
Data: AAA; Chart: Ben Geman/Axios Pain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable. Why it matters: High gas prices are the most visible economic effect of the Iran war for many Americans grappling with inflation . Driving the news: The U.S. average price for regular is $4.39 per gallon on Friday, per AAA — down 16 cents over the last week as the U.S. and Iran closed in on a possible deal to extend the ceasefire. - But it's still far above the roughly $3 that Americans were paying right before the war started. - Prices are seeing their largest weekly drop of the year, Patrick De Haan, head of petroleum analysis at the fuel data and analysis firm…
Data: AAA; Chart: Ben Geman/Axios Pain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable. Why it matters: High gas prices are the most visible economic effect of the Iran war for many Americans grappling with inflation . Driving the news: The U.S. average price for regular is $4.39 per gallon on Friday, per AAA — down 16 cents over the last week as the U.S. and Iran closed in on a possible deal to extend the ceasefire. - But it's still far above the roughly $3 that Americans were paying right before the war started. - Prices are seeing their largest weekly drop of the year, Patrick De Haan, head of petroleum analysis at the fuel data and analysis firm…Open
Soccer lovers frustrated by public transportation will have another option to return to Boston, Dallas, Miami and New York from hard-to-reach stadiums.
