'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran

The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
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The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
Read story →
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
Leaders of six major auto trade groups joined to sign a letter to the president.
O'Leary described his choice of language as "careless" and said "it won't happen again".
Disney has hired a chief technology officer, a newly minted role for the company, as it looks to further its embrace of tech under CEO Josh D'Amaro.
One of Wendy's biggest U.S. franchisees, Meritage Hospitality Group, filed for Chapter 11 bankruptcy protection.
The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
Company may have spent about $200,000 to fight union effort in White Plains, where 11 people can vote to join UAW Workers at an AutoZone in White Plains, New York, are seeking to become the first store at the US’s largest auto parts retailer to win a union election, set to begin 25 September, despite a heavy-handed union opposition campaign from the…
The share of UK mortgages with smaller deposits is the highest it's been since 2008. The BBC spoke to borrowers about how they manage the risks.
Golden State Warrior superstar Stephen Curry announced in June he was signing a long-term partnership with Chinese brand Li-Ning.
Bajaria said Netflix would be open to a package of international NFL games if one becomes available when the league renegotiates its media rights agreements.
The large, gas-guzzling models continue to sell well in pickup trucks thanks to their ability to tow and haul heavy things.
Nonprofits are pushing back against policies by financial institutions to collect personal information of charity employees before releasing a gift.
Washington and Florida insiders are exploring lucrative deals for a post-communist Cuba crushed by ever-increasing US sanctions Spanish hotel chains . A Canadian mining firm . European shipping giants . Visa and Mastercard . Scores of foreign companies have been driven out of Cuba this summer over fear of being hit with potent, new secondary sanctions .…
CEO Steve O’Donnell said NASCAR's media strategy and the upcoming film "Days of Thunder 2" will help raise brand awareness and broaden its fan base.