MATT OTT

AP Business Writers
JPMorgan CEO Jamie Dimon is interviewed by Maria Bartiromo on the "Mornings with Maria Bartiromo" program, on the Fox Business Network, in New York Wednesday, April 9, 2025. (AP Photo/Richard Drew)
JPMorgan logs Q1 profit of $14.6 billion as CEO warns of uncertainty over global trade, other events
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 the bank warned of global economic uncertainties ahead due to President Donald Trump’s ongoing trade war and other geopolitical calamities.
 
A hiring sign is displayed at a restaurant in Northbrook, Ill., Sunday, Oct. 27, 2024. (AP Photo/Nam Y. Huh)
US jobless benefit applications rise modestly as labor market remains largely unfazed by trade war
Slightly more Americans filed for unemployment benefits last week, but the labor market remains broadly healthy despite an ongoing trade war.
 
The Marathon Garyville Oil Refinery in Reserve, La., is seen Monday, April 7, 2025. (AP Photo/Gerald Herbert, file)
Oil prices fall, then recover, after Trump announces 90-day tariff pause -- excluding China
Oil prices rose to a gain after sinking to a four-year low Wednesday morning in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
 
A screen displays financial news as traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP Photo/Seth Wenig)
Wall Street heavyweights take a drubbing, from airlines to Big Tech
U.S. companies were hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war. All 11 sectors in the S&P 500, from technology to real estate, fell at least 4%.
 
A help wanted sign is seen at a Allstate insurance office in Elgin, Ill., Saturday, March 19, 2022. (AP Photo/Nam Y. Huh, File)
Fewer Americans file for jobless benefits last week as labor market continues to show strength
The number of Americans seeking unemployment benefits fell modestly last week, remaining within the same range of recent years. Jobless claim filings fell by 6,000 to 219,000 for the week ending March 29, the Labor Department said Thursday.
 
Trevor Milton, left, leaves the Thurgood Marshall United States Courthouse on Monday, Sept. 12, 2022, in New York. (AP Photo/Brittainy Newman, File)
Convicted of bilking investors, Nikola founder and Trump donor gets a presidential pardon
The founder of an electric car start-up sentenced to prison for exaggerating the potential of his technology has been pardoned by President Donald Trump, potentially wiping out hundreds of millions of dollars in restitution that prosecutors were seeking for bamboozled investors.
 
Hiring sign is displayed outside of Prospect Heights Park District in Prospect Heights, Ill., Monday, March 24, 2025. (AP Photo/Nam Y. Huh)
US applications for unemployment benefits hold steady, remain in recent healthy range
U.S. applications for unemployment benefits held steady last week, a sign that the labor market remains healthy as companies continue to retain their employees.
 
Shoppers make their ways down an aisle lined with clothing and shoes in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
Consumer confidence is sliding as Americans’ view of their financial futures slumps to a 12-year low
U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures fell to a 12-year low, driven by rising concerns over tariffs and inflation.
 
A Tesla Cybertruck is on display at the Tesla showroom in Buena Park, Calif., Dec. 3, 2023. (AP Photo/Richard Vogel, File)
In latest blow to Tesla, regulators recall nearly all Cybertrucks
US regulators are recalling nearly all Cybertrucks, the eighth recall of the Tesla vehicles since deliveries to customers began just over a year ago.
 
A hiring sign is displayed at a retail store in Buffalo Grove, Ill., Wednesday, Nov. 6, 2024. (AP Photo/Nam Y. Huh, File)
Applications for jobless benefits inch up, but layoffs remain low, labor market healthy
Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday.
 
A hiring sign is displayed at a restaurant in Northbrook, Ill., Sunday, Oct. 27, 2024. (AP Photo/Nam Y. Huh)
Fewer Americans file for jobless claims last week, signaling a still-healthy US labor market
The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market. U.S. jobless claims filings fell by 2,000 to 220,000 for the week ending March 8, the Labor Department said Thursday.
 
A help wanted sign is seen at a Allstate insurance office in Elgin, Ill., Saturday, March 19, 2022. (AP Photo/Nam Y. Huh, File)
The number of Americans filing for jobless benefits falls as labor market remains sturdy
Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees.
 
FILE- Hiring sign is displayed at a grocery store in Glenview, Ill., Monday, Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years.
 
Shoppers make their ways down an aisle lined with clothing and shoes in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
Inflation, looming trade war take a toll as confidence of the U.S. consumer tumbles
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
 
A hiring sign is displayed at a retail store in Mount Prospect, Ill., Saturday, Nov. 2, 2024. (AP Photo/Nam Y. Huh, File)
Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Slightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range.
 
A hiring sign is seen in Waukegan, Ill., on Sept. 28, 2024. (AP Photo/Nam Y. Huh, File)
The number of Americans seeking jobless benefits falls as employers continue to hold on to workers
U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent inflation and elevated interest rates.
 
A "For Sale" sign is displayed in front of a home in Evanston, Ill., Tuesday, July 2, 2024. (AP Photo/Nam Y. Huh)
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.
 
FILE- Hiring sign is displayed at a grocery store in Glenview, Ill., Monday, Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
US applications for jobless benefits rose to 219,000 last week, but layoffs remain relatively low
More Americans filed unemployment claims last week, but the labor market remains healthy and layoffs relatively low. U.S. applications for jobless benefits rose by 11,000 to 219,000 for the week ending February 1, the Labor Department said Thursday.
 
FILE- An exterior view of Juniper Networks headquarters is shown in Sunnyvale, Calif., in this Jan. 30, 2007 file photo.(AP Photo/Paul Sakuma, file)
Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise
U.S. government regulators sued to block Hewlett Packard Enterprise’s $14 billion acquisition of rival Juniper Networks on Thursday, saying the combination would eliminate competition, raise prices and reduce innovation.
 
Dow CEO Jim Fitterling is photographed on the trading floor of the New York Stock Exchange, Tuesday, April 2, 2019. (AP Photo/Richard Drew, File)
Material sciences company Dow posts Q4 loss, says it’s cutting 1,500 jobs, 4% of workforce
Dow Inc.’s fourth-quarter profits came in well below Wall Street expectations and the material sciences company said Thursday that it is slashing 1,500 jobs globally in an effort to cut costs as sales stagnate.
 
A hiring sign is displayed at a cafe in Streamwood, Ill., Tuesday, Dec. 3, 2024. (AP Photo/Nam Y. Huh)
Fewer Americans apply for jobless benefits last week as labor market shows continued strength
The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong. Applications for jobless benefits fell by 16,000 to 207,000 for the week ending January 25, the Labor Department said Thursday.
 
A shopper carries bags down Fifth Avenue on Friday, Nov. 25, 2022, in New York. (AP Photo/Julia Nikhinson, File)
US consumer confidence dips again to start the year, according to business group
U.S. consumer confidence dipped for the second consecutive month in January. The Conference Board said Tuesday that its consumer confidence index retreated in January to 104.1 from 109.5 in December. Analysts had forecast a reading of 105.8.
 
In this Dec. 18, 2020, file photo a runner passes the office of the California Employment Development Department in Sacramento, Calif. (AP Photo/Rich Pedroncelli, File)
More Americans file for unemployment benefits last week, continuing claims highest in 3 years
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years.
 
A hiring sign is displayed at a cafe in Streamwood, Ill., Tuesday, Dec. 3, 2024. (AP Photo/Nam Y. Huh)
More Americans file for unemployment benefits last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy.The Labor Department said Thursday that applications for jobless benefits rose by 14,000 for the week ending January 11, up from the previous week’s 203,0
 
Pedestrians approach JP Morgan Chase headquarters, Wednesday, Dec. 29, 2023, in New York. (AP Photo/Peter Morgan, File)
JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.
 
Construction workers frame a new single-family home Friday, Dec. 6, 2024, in Owensboro, Ky. (AP Photo/Charlie Riedel)
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac.
 
A help wanted sign is displayed at a restaurant in Chicago, Ill., Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
US applications for jobless claims fall to 201,000, lowest level in nearly a year
U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs.
 
A for sale sign stands outside a residence in Wheeling, Ill., Monday, Dec. 16, 2024. (AP Photo/Nam Y. Huh)
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
 
A help wanted sign is displayed at a restaurant in Chicago, Ill., Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years.
 
Travelers queue up to pass through the south security checkpoint in the main terminal of Denver International Airport Tuesday, Dec. 24, 2024, in Denver. (AP Photo/David Zalubowski)
Heavy travel day starts with brief grounding of all American Airlines flights
American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive.
 
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