Brent Jabbour
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Supreme Court strips federal agencies of widely used power, kicks it to courts
The Supreme Court overturned 40 years of legal precedent, nullifying the most cited Supreme Court administrative law decision of all time. The Chevron doctrine has been in place since 1984, and this week’s ruling confirms critics’ view that Chevron gave government agencies too much power in interpreting laws passed by Congress. The Chevron doctrine said that… -
SCOTUS sides with conservative radio host Jarkesy in case fighting SEC ruling
A conservative radio host took on the Securities and Exchange Commission (SEC) and won. The Supreme Court Thursday, June 27, ruled 6-3 in favor of George Jarkesy, who was charged with securities fraud and ordered by an SEC judge to pay a civil penalty of $300,000. Jarkesy appealed, claiming the SEC violated his Seventh Amendment right… -
Stadium spending: Is it ever a good use of taxpayer money?
In two days during the week of June 23, two cities committed nearly $1.5 billion in public money to keep their respective NFL teams in town. But taxpayers didn’t get a say. In both Charlotte and Jacksonville, city councils made the calls. Charlotte committed $650 million in taxpayer dollars for stadium renovations to keep the… -
How will banks hold up against stress test that mimics 2008 financial crisis?
Doctors use stress tests to find out how well one’s heart works when pumping harder than normal. The Federal Reserve does the same for banks and this year’s health results will be released Wednesday, June 26, after markets close. After the 2008 financial crisis, the Fed determined it was a good idea to test how… -
Paris 2024: Behind the Olympic spectacle lies a history of corruption
Every four years, billions of people across the globe tune into the Summer Olympics. The 2024 Games are set to be a spectacle, descending on Paris for the first time in 100 years. But sometimes, scoring the biggest sporting event on the planet is rife with corruption. And the scandals don’t stop after the winning… -
Politicians say Americans don’t pay for tariffs. What do economists say?
The closer it gets to November, the more Americans hear about tariffs, which are on the agendas of both presidential candidates vying for their vote. But is tariff just a fancy word for tax? And who ends up paying? The answer may depend on whether you ask an economist or a politician. Tariffs were a… -
Caitlin Clark’s Olympic ‘snub’ reminds us the best athletes used to be banned
One of the most covered stories about the upcoming Olympics is who’s not competing in Paris. WNBA rookie Caitlin Clark has been left off the Team USA roster in favor of more veteran talent, like A’ja Wilson, Breanna Stewart and Diana Taurasi. But a generation ago, none of these women would have been allowed to… -
Trump floats more tariffs and eliminating taxes on tips. Here’s the price tag.
The 2024 presidential campaign is in full swing and former President Donald Trump is making headlines with his economic policy proposals. Eliminating taxes on tips is one he introduced while campaigning in Nevada, aiming to gain support from Americans in the service industry who may directly benefit. Another campaign proposal revolves around expanding tariffs on… -
Tesla shareholders side with Elon Musk. Here’s why it won’t erase legal woes
Elon Musk lassoed victory in Texas on Thursday, June 13. Tesla shareholders overwhelmingly approved his pay package for the second time and voted to approve the company relocating its incorporation from Delaware to Texas. Tesla officially announced the results at Thursday’s shareholder meeting but Musk jumped the gun nearly a full day early, posting preliminary numbers… -
Federal Reserve teased a ‘glimmer of hope’ in its comments on inflation
There’s a single, subtle change in the Federal Reserve’s latest comments on inflation. In May, the Federal Open Market Committee said there had been a “lack of further progress” toward its 2% inflation target. On Wednesday, June 12, hours after the latest inflation report became public, the committee changed the phrase to note “modest further… -
Macron calls for snap election after EU ‘drubbing.’ What does it mean?
Over the last several days, hundreds of thousands of people across the European Union’s 27 nations voted in the European Parliament elections. While centrists remain in the majority, far-right parties from throughout the bloc made inroads picking up a record number of seats. The European Parliament is the legislative body for the 27 member states… -
Rumored $76B NBA TV deal is full of streaming options. Will prices go up?
NBA on NBC could be back after more than two decades. Following months of negotiations, the NBA is close to finalizing a $76 billion, 11-year deal for broadcast rights, according to an exclusive report from the Wall Street Journal. Here’s how it shakes out, according to the Journal: There’s a common theme in the way the… -
Roaring Kitty rockets GameStop stock with post revealing $116 million stake
GameStop’s stock surged again on Monday, June 3, after meme stock master Keith Gill took to Reddit to share a snapshot of what appeared to be a $116 million stake in the company. The video game retailer’s share price went up more than 80% premarket before settling roughly 30% higher on the day. Gill, also…
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Musk urges followers not to donate to Wikipedia, alleges editorial bias
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New Hampshire congresswoman ready to pass baton to younger lawmakers
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YouTube cracks down on clickbait with new enforcement measures
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No holiday celebrations: Coaching changes day after Christmas
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Trump announces pick for US ambassador to Panama
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