Finance
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Small businesses are ‘doing fine.’ That’s a problem for the U.S. Chamber of Commerce
Small businesses see what’s happening in Iran as an omen of tough times ahead, and it may just mean a bigger loss for Main Street in the coming months. The U.S. Chamber of Commerce’s Small Business Index, which measures small business owner sentiment, fell to 67.0 in the first quarter, retreating further from its all-time
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Current price of oil as of April 7, 2026
As of 8:45 a.m. Eastern Time today, oil is trading at $113.40 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $2.15 above yesterday morning’s level and about $48 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $111.25 +1.93% Price of
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A J.P. Morgan analyst sees 60% downside to Tesla stock—and he may be too optimistic
On Monday, J.P. Morgan analyst Ryan Brinkman issued a report on Tesla the likes of which Wall Street has seldom if ever seen. Brinkman asserting that at its current price of $361, the EV-maker is hugely overvalued. Based on where its fading financials will land by the end of this year, he says it’s worth
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Exclusive: Crypto hedge fund Split Capital winds down as its founder nabs new gig as an exec at stablecoin startup Plasma
In January 2024, as crypto prices were soaring, Zaheer Ebtikar unveiled a new digital assets hedge fund called Split Capital. Two years later, he’s winding that firm down as he pivots to one of the buzziest sectors in crypto: stablecoins, or cryptocurrencies pegged to real-world assets like the U.S. dollar. On Tuesday, the former hedge
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AI is cutting 16,000 U.S. jobs a month — and Gen Z is taking the brunt, Goldman Sachs says
New research by Goldman Sachs economists finds that AI is already a measurable drag on the U.S. job market — erasing roughly 16,000 net jobs per month over the past year, with the pain falling hardest on Gen Z and entry-level workers. Goldman’s breakdown shows AI substitution wiped out roughly 25,000 jobs per month in
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Jamie Dimon defends the U.S. war on Iran—and warns it’s pushing the economy into uncharted territory
Jamie Dimon has never been one to soften a warning. In his annual letter to JPMorgan Chase shareholders, released Monday, the most influential banker in the world offered a full-throated, if measured, defense of the U.S. war on Iran, even as he made clear that the conflict is driving the global economy into genuinely uncharted
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‘Skunk at the party’: Jamie Dimon warns of recession risks amid ongoing wars—but also stagflation
Jamie Dimon mentioned “America” more than 80 times in his 2026 annual letter to shareholders, laying out goals for improving the country’s infrastructure, military, and the American dream. He also mentioned one word once that could jeopardize those very goals: stagflation. The JPMorgan Chase CEO warned of the economic dangers of protracted foreign conflicts, including
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Wall Street knows something about Trump and Iran: both sides are running out of time
After a dramatic Easter weekend for the war in Iran—downed American fighter jets, a daring rescue behind enemy lines,and strikes on universities and petrochemical plants—traders hesitated at Monday’s opening bell. Both the S&P and prices of crude were little changed at the open, and both ticked slightly up in the first hours of morning trading. The
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Massive debt makes the U.S. one of the world’s most vulnerable countries in the energy crisis, market veteran warns
The world has never faced a crisis while loaded with so much debt, making the U.S. especially vulnerable despite being the world’s biggest oil producer, according to Ruchir Sharma, chair of Rockefeller International, the global investment strategy arm of Rockefeller Capital Management. In a Financial Times op-ed on Sunday, he warned that this lack of
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Current price of oil as of April 6, 2026
As of 9 a.m. Eastern Time today, oil sold for $111.25 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s $2.78 lower than yesterday—but approximately a $47.50 rise over the past year. Oil price per barrel % Change Price of oil yesterday $114.03 -2.43% Price of oil 1 month ago $83.87