Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Jamie Dimon sounds alarm on 'treacherous' geopolitical conditions The JPMorgan Chase CEO on Friday warned about potential risks for the economy, while pointing to the war in Ukraine and Israel’s war against Hamas and Hezbollah. © Mattie Neretin In JPMorgan Chase's third-quarter results release, Dimon acknowledged what he described as “significant human suffering,” noting the “outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history.”   JPMorgan Chase, the biggest bank in the world, posted earnings showing a 2 percent loss in net income from the year before, down to $12.9 billion. Revenue was up 6 percent, to $43.4 billion, the report showed.   Still, Dimon warned that while inflation appears to be slowing and the country has avoided recession, “several critical issues remain, including large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world.”   To Dimon’s point, CNBC reported last week that the Russian government approved a draft budget that upped defense spending by 25 percent from 2024.   The Hill’s Juliann Ventura has more here.    Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Boeing to cut 17,000 workers amid strike Boeing plans to cut 10 percent of its workforce, or about 17,000 workers, CEO Kelly Ortberg announced Friday.   Full Story   IRS extends tax filing deadline for hurricane victims Victims of hurricanes Helene and Milton can expect various forms of tax relief, including an extension to file taxes and help with emergency retirement plan withdrawals, the Internal Revenue Service (IRS) told taxpayers Friday.  Full Story   State treasurers back Harris based on her small business proposal A group of more than two dozen state treasurers backed Vice President Harris for president on Friday because of her proposal to expand tax relief for Americans starting a small business.  Full Story   As Amazon tells staff to return to office, new survey says hybrid workers aren’t working From January 2025, Amazon wants its workers back in the office five days a week.  Full Story   The Ticker  Upcoming news themes and events we're watching: The bond market is closed next Monday as the nation observes Columbus Day and Indigenous Peoples' Day.   In Other News  Branch out with more stories from the day: Oregon’s most populous county adds gas utility to $51B climate suit against fossil fuel companies PORTLAND, Ore. (AP) — Oregon’s Multnomah County, home to Portland, has added the state’s … Full Story   Good to Know  Business and economic news we've flagged from other outlets: Dow jumps 400 points to a record on Friday, S&P 500 closes above 5,800 for the first time (CNBC) Ozempic-fueled slimming is blowing up the wedding dress industry (CNN) Florida gas stations are in need of fuel. Here's how long it could take. (CBS News)   What Others are Reading  Top stories on The Hill right now: Michigan newspaper issues correction after Trump claims he won man of year award A Michigan newspaper issued a correction after former President Trump cited the paper at a speech in Detroit, claiming he was Michigan’s “Man of the Year” in 2023. Read more Obama sends stark warning message to Democrats Former President Obama on Thursday night did what many Democrats had been craving.  Read more   What People Think  Opinions related to business and economic issues submitted to The Hill: Trump’s tariffs would remake the economy, mostly for the worse Here’s one way America’s many ‘pro-worker’ candidates can deliver     You're all caught up. See you next week!  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe