In his annual shareholder letter, JPMorgan's CEO backs the war in Iran while warning that oil shocks and sticky inflation could tip the U.S. into a recession reminiscent of 1974 or 1982.
CarMax replaced its CEO. Repos hit a 30-year high. Nearly a third of trade-ins are underwater. For a lifelong car enthusiast, watching America price itself out of driving is hard to watch.
At the World Economic Forum, AI luminaries debated AGI timelines, Nvidia's CEO called for trillions more in infrastructure spending, and the IMF warned of a job market 'tsunami.' Meanwhile, Trump claimed the U.S. leads China 'by a lot.'