More from Brent Jabbour
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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… -
RIP Skype. How the dominant video call pioneer lost to newer rivals
Skype, the app that brought video calls to the masses, is signing off for good on May 5. Microsoft will try to transition Skype users to its Teams video conferencing platform. Existing Skype users will be able to log into Teams with their Skype credentials to transfer contacts and chat history. For users trepidatious about… -
Friday’s ‘economic blackout’ boycott is missing a key ingredient: Expert
A grassroots movement is calling on Americans to participate in an “economic blackout” Friday, Feb. 28. The organizer is telling people on social media to avoid making any nonessential purchases for 24 hours to show corporations “who really holds the power.” “Feb. 28, the 24-hour economic blackout: No Amazon, no Walmart, no fast food, no… -
Trump’s ‘gold card’ lets rich immigrants pay $5 million for US residency
The Trump administration has a plan to get wealthy immigrants into the United States. Trump’s gold card will allow foreigners to pay $5 million to live and work in the country with a possible pathway to citizenship. “You have a green card,” President Donald Trump told reporters in the Oval Office Tuesday, Feb. 25. “This… -
DeSantis backs getting rid of Florida’s property tax. What would that look like?
Gov. Ron DeSantis, R-Florida, doubled down on his criticism of property taxes on Monday, Feb. 25. But abolishing the levy is a “risky proposition,” according to a Florida-based think tank. “You bought the land. You’ve been taxed many times. It’s like, is it your property or not?” DeSantis said at an event laying out DOGE-like… -
NYC rakes in $49 million in January from congestion tolls. Trump says it’s ‘DEAD’
New York’s congestion pricing program generated $48.6 million in January, the Metropolitan Transportation Authority (MTA) announced Monday, Feb. 24. But the controversial policy intended to reduce traffic has been declared “dead” by the Trump administration. The toll charges most vehicles $9 during peak hours driving south of 60th Street in Manhattan. It took effect on…