Brent Jabbour
More from Brent Jabbour
-
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… -
Preview: What will Fed Chair Jerome Powell say at Jackson Hole?
The Federal Reserve is giving no credence to calls for emergency rate cuts or panic over the labor market or stock market since July’s disappointing jobs report. Following signals that inflation continues to ease, all signs point to a September rate cut, though there is a lot of data to be released between now and… -
How big will the Fed go with rate cuts after July’s inflation report?
Following the latest jobs report that showed a weakening labor market, consumer prices rose by less than 3% on an annual basis for the first time since March 2021. Given the Federal Reserve’s dual mandate of price stability and maximum employment, one is coming into focus while the other is slipping away. How to interpret… -
What the latest inflation report means for mortgage rates as refinancing surges
After mortgage rates hit their lowest levels in more than a year last week, applications to refinance surged 35% compared to the previous week. The Mortgage Bankers Association Refinance Index is up 118% from a year ago. The average 30-year fixed mortgage rate has gone from under 3% in 2021 to nearly 8% in October… -
Inflation in July falls below 3% for first time since March 2021
Consumer price inflation rose slightly in July, in line with expectations. July’s 2.9% annual rise came in a tick below the 3% expected, clearing the way for the Federal Reserve to wait until September to take action after the month’s troubling jobs report. The Bureau of Labor Statistics numbers out Wednesday morning, Aug. 14, rose 0.2%… -
Starbucks snags Chipotle’s CEO, giving stock much-needed caffeine boost
Starbucks’ stock shot up more than 22% on Tuesday, Aug. 13, when the company announced it is swapping out CEOs. Laxman Narasimhan is out effective immediately, while the coffee giant poached Chipotle CEO Brian Niccol to turn things around like he did for the burrito business. Niccol has been CEO of Chipotle since 2018. He will… -
How falling mortgage rates could impact housing affordability this year
Mortgage rates hit the lowest level in more than a year, which is a little like putting the cart before the horse, but lenders know the horse is coming. That horse is the Federal Reserve cutting interest rates, which experts believe will happen in September. What will all of this mean for housing affordability? Watch the… -
Conservatives want to give Dunkin’ Donuts the ‘Bud Light treatment’
Conservatives want to give Dunkin’ Donuts the Bud Light treatment. Calls to boycott the coffee giant’s more than 13,000 locations are splattered across social media with the hashtag #BoycottDunkinDonuts. It all started when Chris Pavlovski, the CEO of Rumble, YouTube’s conservative counterpart, said Dunkin’ didn’t want to advertise on his site because of its “right wing… -
Elon Musk sued this advertising group into the ground over X ‘boycott’
Elon Musk’s X filed a federal antitrust lawsuit on Tuesday, Aug. 6, against the World Federation of Advertisers and four members for what the company’s CEO says was a “systematic, illegal boycott against X.” The companies include CVS Health and Mars Inc., both of which were part of the trade group’s Global Alliance for Responsible… -
Fed cutting rates before September like ‘yelling fire in a crowded theater’
Many argue the Federal Reserve missed the boat after failing to cut rates to ease financial conditions two days before latest jobs report triggered a recession indicator on Friday, Aug. 2. The Federal Open Market Committee is not scheduled to meet again until Sept. 17-18. Now, experts are making the case for deeper rate cuts… -
Here’s why this former Fed adviser says we are already in a recession
The creator of a recession indicator that was triggered this past week said her rule is broken this time around and there’s no recession right now. But not everyone agrees. In fact, a different recession indicator points to the U.S. having entered a recession in October of last year. “We’re not in a recession,” Sahm…
Latest Stories
-
Getty Images
Biden warns of ‘oligarchy,’ ‘tech-industrial complex’ in farewell speech
-
Getty Images
Many Americans don't know they're using AI: Poll
-
Getty Images
State Farm offers renewals to people affected by LA fires
-
Getty Images
Ramaswamy meets with Ohio governor days after Vance resigns Senate seat
-
Getty Images
House Speaker Mike Johnson removes Intelligence Chair Rep. Mike Turner
Popular Opinions
-
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.
