Brent Jabbour
More from Brent Jabbour
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DOJ’s collusion case claims RealPage’s algorithm is the reason rent is too high
Have you been paying too much for rent? Across the country, rent prices skyrocketed in 2022 and 2023 and it could be because of illegal activity. The Justice Department on Friday, Aug. 23, filed an antitrust suit against RealPage, a Texas-based software company that is accused of using algorithms to allow widespread collusion among landlords. “Everybody knows… -
‘The time has come for policy to adjust’: Powell says rate cuts imminent
For the first time in definitive terms, Federal Reserve Chair Jerome Powell said it is time to cut rates after witnessing “unmistakable” cooling in the labor market. Powell made the remarks Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. “The time has come for policy to adjust,” Powell… -
After a failed first attempt, Disney launches round 2 of replacing Bob Iger
Walt Disney tapped an executive with succession experience to usher in the company’s next chapter as CEO Bob Iger plans to exit when his contract expires in 2026. Disney named board member and Morgan Stanley Executive Chairman James Gorman to chair its succession planning committee. Gorman previously served as CEO of Morgan Stanley and oversaw… -
Is Powell’s ‘soft landing’ slipping away? Job worries cloud Jackson Hole speech
Jackson Hole, Wyoming, is known for its temperate summers, but Federal Reserve Chair Jerome Powell is probably feeling the heat turn up a bit ahead of his most-anticipated speech of the year. Powell will speak Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium at Grand Teton National Park. Central bankers, policymakers and investors… -
The real reason China’s educated youth can’t find jobs
They were told with hard work and a good education, they’d get the career of their dreams. But for many young adults in China, that is simply not the case. For a couple of years now, there have been rumors about the “lying flat” or “let it rot” youth in China, a characterization that the… -
Chinese video game flaunts commercial success amid censorship controversy
The first big-budget video game produced by a Chinese developer is being lauded as a success. But while sales are strong, so are accusations of censorship. “Black Myth: Wukong” is loosely inspired by the Chinese epic “Journey to the West.” Game Science developed the game with the backing of Chinese tech conglomerate Tencent. While the… -
Runway clears for Alaska, Hawaiian Airlines merger after DOJ review expires
A proposed merger between Alaska Airlines and Hawaiian Airlines has flown past a review by the U.S. Department of Justice. The decision clears the runway for the first major airline merger since 2016. The DOJ seemingly decided against challenging Alaska’s $1.9 billion bid to acquire Hawaiian Airlines after the review period expired the morning of… -
Disney ditches Disney+ ‘terms of use’ defense in wrongful death lawsuit
Walt Disney Co. agreed to let a court decide a wrongful death lawsuit at one of its theme parks. The reversal comes after it attempted to send the case to arbitration because the man who brought the case agreed to terms of use for Disney+ when he signed up for a trial years earlier. The… -
Just as inflation cools, bird flu is driving up the price of eggs
Consumer prices only rose 2.9% annually in July, giving Americans hope inflation has stabilized. But the cost of eggs is back on the rise, far more than the rest of the grocery bill. The price of a dozen eggs spiked 19.1% in July compared to the same month last year. Meanwhile, groceries as a whole… -
Soybeans are having an incredible year. That’s bad for prices.
Everything seemingly went right for growing soybeans this year, which is why prices are going all wrong. Soybean futures are near 4-year lows and down about 45% from its 2022 peak. Corn is also in a similar boat. The U.S. is in the midst of a farm slump right now, despite very high yields for… -
Kamala Harris’ economic plan is Biden 2.0 on prices, housing and child tax credit
Vice President and Democratic presidential nominee Kamala Harris gave the first real look into her economic agenda Friday, Aug. 16. The speech in Raleigh, North Carolina, marks the first major policy address given since she has taken over the top of the ticket. Harris is looking toward the economy as it remains one of the… -
Big real estate change coming next week for buyers, sellers and agents
New rules are coming on Saturday, Aug. 17, that will rock the real estate world. The conventional way of buying and selling a home is over, affecting anyone planning to work with a real estate agent in the foreseeable future. Even realtors are still trying to navigate the new landscape. The change is related to… -
Dating apps are in trouble. Here are the connections people are searching for.
Dating apps are facing a point of reckoning. Bumble is the latest to lose its wings. Its share price dropped 29% after it slashed its revenue outlook for the rest of the year. The stock is down around 65% in the past year, while Match Group, which owns Tinder, Match.com, OkCupid, and others, is down about…
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