Brent Jabbour
More from Brent Jabbour
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Markets are betting on a supersized rate cut. Why the Fed may disappoint.
Markets are increasingly betting the Federal Reserve will make a supersized rate cut at this week’s meeting. There are two camps: Those who believe the Fed will cut interest rates by 25 basis points and those who believe the Fed will double up to 50 basis points. A week ago, 2 out of 3 futures traders… -
‘Recession pop’: Can great music signal an economic downturn?
It’s tough to identify if the economy is in a recession. Economists toil over economic data to try to find the most accurate indicators. Gross domestic product and unemployment numbers are great data points, but what does the state of pop music tell us about economic conditions? Traditionally, two consecutive quarters of negative growth is… -
Boeing: The perfect story of what’s wrong with America’s economy?
Boeing’s bright spot this year was the hiring of its new CEO, an engineer and aerospace chief named Kelly Ortberg, after years of finance men at the helm. But Ortberg’s arrival is clouded by the controversies hanging over Boeing, from hours-long hearings on safety issues to a fraud charge to the first worker strike in… -
Boeing’s ‘bad blood’ with union workers led to first strike in 16 years
More than 30,000 Boeing factory workers walked off the job Friday, Sept. 13, after overwhelmingly rejecting a tentative agreement between Boeing and the union. A high 96% of Pacific Northwest workers from the International Association of Machinists and Aerospace workers voted in favor of the strike. “I’m ready. I’ve been preparing for this for a… -
Tack on one more to Trump’s tax-cut pledges: No tax on overtime pay
Former President Donald Trump said on Thursday, Sept. 12, he would add another tax cut to his agenda if elected to the White House in November. This time, the Republican nominee pledged to eliminate taxes on overtime pay. “The people who work overtime are among the hardest-working citizens in our country, and for too long,… -
The more affordable coffee beans aren’t so affordable anymore
A cup of coffee is part of many morning routines, but at night farmers are working overtime to keep coffee safe from crime. Coffee prices are abnormally high with robusta bean futures surging 65% this year and the lucrative trade is attracting unwanted attention. A coffee farmers association in Uganda is reportedly urging farmers to hire… -
Fed expected to slash rates by 25 bps in September. What’s next?
After the Wednesday, Sept. 11, inflation report came in on target, markets are even more confident the Federal Reserve will cut its rate by 25 basis points following its policy meeting next week. In August, Fed Chair Jerome Powell said it was time for policy to adjust after an “unmistakable” weakening in the labor market.… -
Core inflation is still above 3%: Is it time for the Fed to move its target?
Inflation cooled for the fifth straight month in August at 2.5%, inching closer to the Federal Reserve’s target of 2%. But core prices, which strip out food and energy, stayed stagnant at 3.2%. Is it time for the central bank to adjust its core inflation target of 2%? The Federal Reserve has a dual mandate… -
Inflation cools to 2.5% in August but monthly core prices came in hotter
Consumer price inflation cooled for the fifth straight month in August at 2.5% annually, inching closer to the Federal Reserve’s target of 2% inflation one week before the central bank’s next rate decision. Monthly prices rose 0.2% from July, according to data released by the Bureau of Labor Statistics Wednesday, Sept. 11. Core inflation, which… -
Apple and Google lose billions in back taxes, EU fines across the pond
The European Commission scored two big wins against major U.S. tech companies on Tuesday, Sept. 10. Both Apple and Google will have to pay billions of euros after nearly a decade of fighting in EU courts. Apple lost its final appeal to avoid paying $14.34 billion in back taxes to Ireland. The European Court of… -
Nearly 2/3 of Americans say they won’t buy new iPhone because of inflation
Apple revealed its new iPhone on Monday, Sept. 9, fit with artificial intelligence and cameras that just keep getting better. The iPhone 16 even has a camera control button on the edge. Sales start this month, but how many Americans will be racing to get the latest gadget? Sixty-three percent of Americans said they would… -
Kamala Harris pushes for 10x boost in new small business tax break
Presidential candidate and Vice President Kamala Harris wants to 10x the tax incentives new small businesses get. In a campaign stop in New Hampshire Wednesday, Sept. 4, Harris highlighted her desire to spur 25 million new small business applications in a four-year term if elected. So far, entrepreneurs have filed a record-breaking 19 million new small… -
Harris says she’s against a foreign company owning US Steel, like Trump
Vice President Kamala Harris declared her position on the $15 billion deal between Japan’s Nippon Steel and U.S. Steel. She told a crowd of people in Pittsburgh on Monday, Sept. 2, that she is against selling U.S. Steel to a foreign company. “U.S. Steel is a historic American company, and it is vital for our…
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Getty Images
Republicans block Right to IVF Act, Democrats have done the same to them
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Reuters
In face of hunger crisis, Zimbabwe to cull 200 elephants
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si.edu
National Zoo gets 2 new giant pandas with $10M from David Rubenstein
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Reuters
Trump boosts his crypto chops with a new private venture
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AP Images
Sweden to offer immigrants $34k to voluntarily return to home countries
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