Today's Business Headlines: 03/02/26
JPMorgan Chase CEO Jamie Dimon warned Monday that inflation could shape up to be a “skunk in a party” following the US and Israeli air strikes on Iran over the weekend., in which Iranian Supreme Leader Ayatollah Ali Khamenei was killed, oil prices surged over fears of supply constraints and Wall Street’s volatility index jumped to its highest level so far this year.
“There’s some risk there’s more inflation than people think, and that could be like a skunk at a party if that ever happens,” Dimon told CNBC during an interview at his firm’s annual conference in Miami. “Hopefully it doesn’t happen.”JPMorgan Chase CEO Jamie Dimon on Monday warned that inflation could be shaping up to be a “skunk in a party.”in January, its tamest pace since last May, according to the most recently available Consumer Price Index – but wholesale inflation rose 2.9%, much hotter than expected and far above the Fed’s 2% goal. The attacks on Iran – which President Trump warned could last “four weeks or so” – and their potential impact on gas prices have reignited concerns around sticky inflation.McDonald's CEO ruthlessly mocked over viral video tasting Big Arch burger“This right now will increase gas prices a little bit, and again, if it’s not prolonged there’s not going to be a major inflationary hit,” Dimon said.Dimon appeared to show support for the strikes in Iran, emphasizing the importance of peace in the Middle East – though he warned the conflict could lead to a rise in cyber and terrorist attacks globally. “The most important thing is that we keep the Western world free and safe for democracy. And people like this have gotten away literally with murder for 50 years, that’s far more important,” Dimon said. “But … as a corollary to that, you’ve got to expect there’ll be cyberattacks or terrorist attacks, either here or around the world. Banks may be targets,” he added.Inflation slowed to 2.4% in January, its tamest pace since last May, according to the most recently available Consumer Price Index.The suit claims JPMorgan abruptly closed multiple accounts tied to the president in early 2021 for political reasons after a decades-long relationship. Dimon said he was “sympathetic” to the president’s concerns, saying that he doesn’t “like debanking,” either – but added that it is necessary for banks to minimize legal and regulatory risks. “Reputation is a funny word, and so is political, because you could say, well, the Nazi Party, well, we probably would debank you. But we don’t do it generally for political or religious reasons,” Dimon said. “I respect the president’s right to sue the company. We respect our right to defend ourselves,” he added. “The case has no merits.”Dimon acknowledged the spread of AI will likely impact workers, though he said JPMorgan plans to “redeploy” employees throughout the company “if they’re displaced.” But he argued the new tech is “going to create a lot of great things, and I really mean it. Your kids may be working four days a week and their kids three days a week, living wonderful lives, living to 100.” “A lot of cancer will be cured. Accident rates in cars will drop dramatically. So let’s just put it in the big picture,” he said.Xbox exec claims she was pushed out after eyebrow-raising bathrobe incident with colleague at hotelHow Pink guest-hosting ‘The Kelly Clarkson Show’ sparked split rumorsMid-air shock as pilot claims he spotted missile launch over Iran during flight JPMorgan Chase CEO Jamie Dimon on Monday warned that inflation could be shaping up to be a “skunk in a party."Inflation slowed to 2.4% in January, its tamest pace since last May, according to the most recently available Consumer Price Index.
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Iran live updates: Israeli officials say Iran's supreme leader believed dead after US-Israel strikesThe massive operation sparked threats of retaliation by Iran and reports of incoming missiles and drones around the region.
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Iran live updates: Israeli officials say Iran's supreme leader believed dead after US-Israel strikesThe massive operation sparked threats of retaliation by Iran and reports of incoming missiles and drones around the region.
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Iran live updates: Israeli officials say Iran's supreme leader believed dead after US-Israel strikesThe massive operation sparked threats of retaliation by Iran and reports of incoming missiles and drones around the region.
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Russia Condemns U.S.-Israeli Strikes on Iran, Warns of EscalationRussia has strongly condemned the recent U.S.-Israeli strikes on Iran, denouncing them as an act of aggression and warning of potential humanitarian and economic catastrophe. The Foreign Ministry's statement highlighted concerns about the international legal order and expressed Moscow's readiness to mediate a peaceful resolution. This comes amid a complex geopolitical landscape, including the ongoing war in Ukraine and warming relations between Moscow and Washington, forcing Russia to carefully navigate its response.
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Iran's Supreme Leader Dies Amid US-Israeli Bombardment, Trump Warns of Unprecedented ForceFollowing a joint U.S. and Israeli military operation, the death of Iran's Supreme Leader Ayatollah Ali Khamenei has been confirmed. The attacks, which began on Saturday, have led to significant casualties and damage. President Trump has issued a strong warning to Iran, threatening a severe response if they retaliate. The situation represents a major escalation of tensions in the Middle East, with serious implications for regional stability.
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How AP decided to describe U.S.-Israeli strikes on Iran, and Iran’s retaliation, as warThe Associated Press is using the word “war” to refer to the joint U.S.-Israeli strikes on Iran and Iran’s retaliation. This reflects the scope and intensity of the fighting. The United States and Israel targeted key military targets and killed Supreme Leader Ayatollah Ali Khamenei and other government leaders.
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