More from Brent Jabbour
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More Americans now disapprove of how Trump is handling the economy
President Donald Trump’s approval rating dropped slightly after just shy of one month in the White House. Concerns about the economy are weighing the president down. Forty-four percent of respondents approve of the job Trump has done so far, according to the latest Reuters/Ipsos poll taken from Feb. 13 to 18. His approval fell one… -
Delaware weighs changes to business court after high profile companies leave
Lawmakers in Delaware proposed changes to the state’s corporate law structure as some high-profile companies look to move out of the state. The bipartisan bill would limit the impact of shareholder lawsuits. Delaware has long been America’s corporate headquarters. In 2024, a Delaware judge sided with a Tesla shareholder and struck down a $56 billion… -
Uber sues DoorDash for anticompetitive practices in delivery business
Full Story Uber filed a lawsuit against DoorDash Friday, Feb. 14, accusing its competitor of anticompetitive practices. Uber claims DoorDash pushes restaurants into using the company as their exclusive delivery partner. “DoorDash’s underhanded tactics have cost Uber millions of dollars in revenue and unlawfully restricted its ability to grow Uber Direct, the Uber Eats platform… -
OpenAI officially rejects Musk’s $94 billion buyout offer
Full Story ChatGPT-maker OpenAI officially rejected Elon Musk’s $94.7 billion bid to buy the company. The startup said it is not for sale and said the decision by the company’s board was unanimous. In a letter to the lawyer of Elon Musk sent Friday, Feb. 14, OpenAI attorney, William Savitt, called the “much-publicized ‘bid’” from… -
India commits to doubling trade with US after meeting with Trump
The United States and India committed to a massive increase in trade on Thursday, Feb. 13. The leaders of the two nations announced the agreement the same day President Donald Trump signed a memo applying “reciprocal tariffs” on all trading partners. “We have also set ourselves the target of more than doubling our bilateral trade… -
Elon Musk says he’ll drop his $97 billion OpenAI bid on one condition
Full Story Elon Musk’s investor group claims it will withdraw its $97.4 billion bid to buy ChatGPT-maker OpenAI if OpenAI drops its plan to shift to a for-profit model. However, the company said it’s not for sale and called the offer “an improper bid to undermine a competitor.” “If OpenAI, Inc.’s Board is prepared to… -
Inflation back up to 3%, a bad sign for near-term rate cuts
Full Story Consumer prices rose at a faster pace than expected in January, the Bureau of Labor Statistics reported Wednesday, Feb. 12. The 3% annual rise in inflation was the highest since June 2024 and follows an increase of 2.9% in December. On the month, prices rose 0.5%, the highest monthly rise since August 2023.… -
What Powell said to the Senate about interest rates, tariffs and debanking
Federal Reserve Chair Jerome Powell made his semiannual trip to the U.S. Capitol Tuesday, Feb. 11. In his testimony in front of the Committee on Banking, Housing, and Urban Affairs, the head of the central bank addressed tariffs, debanking, and interest rate cuts. The Federal Reserve has a dual mandate of maintaining price stability and… -
Former White House lawyer: Closing CFPB for good is not Trump’s call
The Trump administration stopped all work at the Consumer Financial Protection Bureau over the weekend of Feb. 8. However, Democrats claim the action may not comply with the law. Acting CFPB Director Russell Vought sent an email to the agency’s staff over the weekend announcing the new policy. “Effective immediately, unless expressly approved by the… -
The US added 589,000 fewer jobs last year than reported. Here’s what it means
The U.S. economy added 143,000 jobs in January as the unemployment rate dropped down to 4%, according to data from the Bureau of Labor Statistics released Friday, Feb. 7. BLS also revised down its annual data ending in March 2024, showing 589,000 fewer jobs added than previously reported. The downward revision is less damaging than… -
Warren and Trump are unlikely allies on debanking, but will he like her solution?
Full Story Sen. Elizabeth Warren, D-Mass., and President Donald Trump are in agreement over an issue affecting banking customers. But the progressive senator’s solution to debanking doesn’t line up with some of the president’s recent policy actions. What is debanking? Debanking is the closure of a customer or organization’s accounts by a financial institution. Generally,… -
Apple entangled in the US-China trade war as China strikes back
Full Story Apple found itself in the middle of the United States’ latest trade spat. China is exploring an investigation into the world’s most valuable company, according to a report from Bloomberg. China’s State Administration for Market Regulation is looking into Apple’s app store practices, including its 30% cut on in-app purchases, banning third-party app… -
Trump says Musk and DOGE need ‘approval’ amid uproar in Washington
Elon Musk can’t do anything without White House approval, President Donald Trump said Monday, Feb. 3. The comments come as the Treasury Department faces a lawsuit for allegedly sharing confidential information with the billionaire’s Department of Government Efficiency. Musk and DOGE are tasked with reducing the size of government for Trump’s second administration. The president…