Brent Jabbour
More from Brent Jabbour
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Nike rehires 1988 intern as next CEO. Here are Elliott Hill’s first hurdles.
Nike’s new CEO has a lot of ground to make up. On Thursday, Sept. 19, the company announced the sudden retirement of four-year CEO John Donahoe, while Elliott Hill will be returning from retirement to lead the company. Hill last led commercial and marketing operations for Nike and the Jordan brand in 2020. He spent 32… -
Tucker Carlson launches nicotine pouches to compete with Zyn
Conservative talker Tucker Carlson launched a nicotine pouch that he hopes will compete with the massive popularity of Zyn. Carlson’s foray into the business started with an appearance on comedian Theo Von’s podcast last year where he was actually talking about his love for Zyn. “The truth is, Zyn is a powerful work enhancer, and also… -
Who’s Larry Ellison and what’s Oracle? Bezos challenged as No. 2 richest
Oracle chairman and co-founder Larry Ellison is making moves near the top of the list of the world’s richest people. The tech billionaire recently surpassed Amazon founder Jeff Bezos to take over the No. 2 slot, although there is now back-and-forth for the position. Ellison has an estimated net worth of just over $200 billion… -
Federal Reserve cuts rate by 50 bps ending hike cycle that started in 2022
The Federal Reserve lowered its benchmark interest rate by a supersized 50 basis points, outpacing expectations of 25 basis points. Markets surged Wednesday afternoon, Sept. 18, as the central bank ended its rate-hike campaign that started in 2022. The federal funds rate now sits between 4.75%-5%, down from 5.25%-5.5%. This marks the first rate cut… -
Trump boosts his crypto chops with a new private venture
Former President Donald Trump was off the campaign trail Monday, Sept. 16, as he took part in a live stream to promote a new cryptocurrency venture. Though he took part in a Q&A to start the event, there are still plenty of questions left unanswered about World Liberty Financial (WLF). The former president, along with… -
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…
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Trump to withdraw US from UN Rights Council, extend UNRWA funds ban
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In echo of Trump, Ecuador announces tariff on Mexican imports
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Trump admin halts then restores crucial weapons shipments to Ukraine
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Waffle House adds surcharge to every egg order due to soaring prices
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Potentially dangerous midweek ice storm headed for the Midwest and Northeast
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