Brent Jabbour
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If Trump’s FTC firings stand, he may not be in a hurry to replace the Democrats
President Donald Trump’s move to fire the two Democratic members of the Federal Trade Commission (FTC) will face some legal tests. But is it possible for the regulator to function with just two remaining members on the panel? When the FTC was created, the law stated no more than three commissioners can be from a… -
How the Department of Education spent $268 billion last year
President Donald Trump signed an executive order that takes steps to dismantle the Department of Education on Thursday, March 20. The move culminates decades of efforts by Republicans to shut down the agency, and will take an act of Congress to permanently close it. Trump’s latest order builds on a promise he made on Inauguration… -
Trump fired 2 FTC commissioners. Dems say it’s illegal. What has SCOTUS said?
President Donald Trump fired Democratic FTC Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya on Tuesday, March 19, saying their service with the regulator “is inconsistent with my administration’s priorities.” The FTC is tasked with enforcing consumer protection and antitrust laws. The five-member commission is designed to be bipartisan, with three commissioners from the president’s party… -
China pushes back on BlackRock Panama Canal deal lauded by Trump
China is pushing back against a business deal that would cede control of major Panama Canal ports to an American business. Control of the major trade route has been a point of contention for President Donald Trump since taking office. “China is operating the Panama Canal,” Trump said during his inaugural address in January. “And… -
Can Pepsi’s poppi purchase help it go younger as Americans drink less soda?
PepsiCo agreed to acquire prebiotic soda maker poppi in a deal valued at $1.65 billion. Pepsi’s foray into the prebiotic beverage market is part of a decades-old trend of snack food giants entering the world of healthier alternatives. As more Americans move away from Big Soda’s traditional brands, Big Soda is guzzling up its competition.… -
In an unsigned letter, Tesla warns Trump admin about tariffs hurting the company
Tesla CEO Elon Musk is one of President Donald Trump’s most public allies. But Musk’s clean energy and car company just wrote an unsigned letter to the administration warning about its exposure to retaliatory tariffs. In that letter to U.S. Trade Representative Jamieson Greer, Tesla said it is crucial that the White House’s efforts to… -
Stock market dips as Trump threatens EU with 200% tariffs
President Donald Trump threatened a 200% tariff on specific products from the European Union on Thursday, March 13. The president’s latest salvo in his trade regime hit as policy uncertainty weighs on markets. Trump’s 200% threat would apply to alcohol imports coming from the EU, according to a Truth Social post. He said the EU… -
Commerce secretary: Tariff policies ‘worth it’ even if recession comes
U.S. Commerce Secretary Howard Lutnick said if the Trump administration’s policies lead to a short-term recession, it’s “worth it.” Lutnick’s latest comments come as the biggest banks in the nation say there is an increased chance of an economic downturn. “These policies are the most important thing America has ever had, so it is worth… -
Inflation cools more than expected for Trump’s first full month as president
Inflation cooled more than expected during President Donald Trump’s first full month in office. In February, consumer prices rose 0.2% for the month after rising 0.5% in January, according to the latest data from the Bureau of Labor Statistics. Over the past 12 months, consumer prices increased 2.8% after a hotter-than-expected 3% rise in January.… -
Here’s why airlines think Americans will fly less than anticipated to start the year
Some of America’s largest airlines cut growth expectations on Tuesday, March 11, due to economic uncertainty. Meanwhile, another ended a longstanding policy, which was a favorite with customers. Delta Air Lines and American Airlines are among those pulling back on forecasts as talks of a recession heat up. Why airlines think they’ll make less than… -
Stock market continues its dive as Trump leaves recession on the table
President Donald Trump declined to rule out the possibility of a recession in the next 12 months. His comments came during an interview with Fox News’ Maria Bartiromo on “Sunday Morning Futures,” on Sunday, March 9. “I hate to predict things like that,” he said in response to a question from Bartiromo about whether there… -
Trump praises BlackRock for $19 billion Panama Canal investment
President Donald Trump touted a deal Tuesday, March 5, that puts Chinese-owned assets at the Panama Canal in the hands of an American investment firm. Hong Kong conglomerate CK Hutchison agreed to sell large shares of its port business to investment firm BlackRock. CK Hutchison said the deal will lead to cash in excess of… -
How US crypto holdings compare to other nations
President Donald Trump announced which tokens would be held in a U.S. strategic cryptocurrency reserve over the weekend of March 1. But the U.S. isn’t the only country that holds digital assets. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive…
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Mask ban under scrutiny as Columbia University complies with Trump order
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