Brent Jabbour
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Progress or poverty? Patience running out for Argentina’s Milei 1 year in
Javier Milei promised pain for the people of Argentina, and they elected him president anyway, with the highest share of votes since Argentina’s return to democracy. One year removed from his resounding victory, are Argentines already running out of patience with Milei? He’s still the most popular political leader in the inflation-ravaged nation, but popularity is… -
DOJ to squeeze Google to sell Chrome to bust search monopoly: Report
The federal government is seeking to break up a tech giant for the first time in more than two decades. Antitrust officials are preparing to ask a federal judge to force Google to sell its Chrome operating system, according to a report from Bloomberg. Judge Amit Mehta ruled in August 2024 that Google monopolized the… -
Trump’s transition team tussles over choice for top economic post
It’s the most important pick for President-elect Donald Trump’s economic agenda. Now it appears Trump is having second thoughts about his treasury secretary options. The Treasury secretary acts as the president’s closest economic advisor and is fifth in the presidential line of succession. The person who holds this cabinet post will play a key role… -
18 GOP-led states take legal action against SEC’s crypto crackdown
A group of Republican-led states is suing the U.S. Securities and Exchange Commission for constitutional overreach when it comes to cryptocurrency. The agency and current SEC Chair Gary Gensler have been a target of President-elect Donald Trump and other Republicans, especially since Trump’s embrace of crypto on the campaign trail this year. “On day one, I… -
Argentina’s Milei becomes first world leader to meet Trump since election
President-elect Donald Trump met with self-described “anarcho-capitalist,” Argentine President Javier Milei, during an event Thursday, Nov. 14. The meeting of the populist politicians was Trump’s first in-person meeting with a world leader since last week’s election. The two spoke briefly at the America First Policy Institute gala at Trump’s Mar-a-Lago resort in Palm Beach, Florida.… -
Trump 1.0’s China tariffs didn’t result in high inflation. Why 2.0 is different.
Annual consumer price inflation in October heated up a hair at 2.6%, bringing concern disinflation may have stagnated too far away from the Federal Reserve’s 2% target. In September, consumer prices rose 2.4% on an annual basis. Bank of America economists said ahead of Wednesday’s report, “Inflation is moving sideways after a period of substantial… -
Inflation heats back up to 2.6% as housing drives consumer price increase
Consumer price inflation heated up slightly in October 2024, coming in at 2.6% annually, compared with 2.4% in September. Monthly prices rose 0.2% from September, according to data released by the Bureau of Labor Statistics Wednesday, Nov. 13. Core inflation, which removes more volatile food and energy prices, rose 3.3% annually and 0.3% compared with… -
ExxonMobil chief urges Trump not to pull out of Paris climate agreement
A surprising business leader is urging President-elect Donald Trump not to withdraw from the Paris Climate Agreement for a second time. ExxonMobil CEO Darren Woods made the comments about the Paris agreement in interviews Tuesday, Nov. 12, at the United Nations Climate Change Conference in Azerbaijan. “I don’t think the stops and starts are the… -
Bitcoin breaks $85,000. What has Trump promised to do with crypto?
In the days since Donald Trump became president-elect, markets have been breaking records. Cryptocurrency stalwart Bitcoin is on a tear. But how did Trump go from saying, “It seems like a scam,” to being a catalyst for huge growth? When it comes to markets, the Dow Jones Industrial Average is up roughly 6%, while the… -
Will Elon Musk’s conflicts keep him from serving in Trump’s White House?
Elon Musk dropped more than $100 million to help get Donald Trump back in the White House. Big-time surrogates are often rewarded with prominent cabinet positions. But Musk stands to lose a lot more if he enters government life. “If Elon Musk comes into the cabinet or into any government position, he will have to either recuse… -
Fed Chair Jerome Powell has one word to say to reports Trump wants him gone
Federal Reserve Chair Jerome Powell is standing his ground. In as few words as possible, a defiant Powell made clear he’s not budging from his chair when President-elect Donald Trump is back in office. “No,” is all Powell said when asked a reporter asked if he would resign if Trump asked him to leave. His… -
Does Trump have to sell his DJT stake? We asked a White House ethics lawyer
As President-elect Donald Trump prepares for his next four years in the White House, he has a new potential business conflict that didn’t exist during his first term: Trump Media and Technology Group. Back in 2017, his real estate empire was the biggest focus of ethics experts. But now he’s billions of dollars richer from… -
Federal Reserve cuts interest rate by 25bps in first post-Election move
The Federal Reserve continued its rate-cutting campaign Thursday, Nov. 7, marking the first policy decision since the 2024 presidential election. The central bank shaved off another 25 basis points from the federal funds rate, in line with expectations. The latest decision sets the benchmark interest rate between 4.5%-4.75%, down from 4.75%-5%. This marks the second…
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