More from Brent Jabbour
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Writers are on strike. Remember these 5 Hollywood strikes that came before it?
The Writers Guild of America is on strike for the first time in 15 years, causing Hollywood productions to grind to a halt. The union says the transition to streaming has cut writers’ pay, while studios and producers are under pressure to cut costs as they attempt to turn a profit. Labor disputes in Tinseltown… -
Top 3 takeaways from JPMorgan Chase’s First Republic Bank acquisition
Move over, Silicon Valley Bank. First Republic Bank is now the second-largest bank failure in U.S. history. Three of the top 30 U.S. banks have now failed in less than two months. The bidding process stretched into the night. Early Monday morning, federal authorities approved JPMorgan Chase’s bid to take over First Republic’s assets. Here… -
Rupert Murdoch, Warren Buffett top the list of 5 oldest executives
President Joe Biden officially launched his reelection campaign on April 25. Poll after poll shows the 80-year-old’s age is a major concern for Republicans and even Democrats. But in business, age is just another sign of experience. Here are the executives working well into their golden years in this week’s Five For Friday. #5: Frederick… -
Here’s how much national debt climbed under each US president since WWII
At $31.4 trillion, the national debt is the subject of a showdown between the White House and House Republicans. Unless Congress raises the debt ceiling, the U.S. is at risk of defaulting on its debt, which would have catastrophic consequences. House Republicans have proposed raising the debt ceiling into 2024 in exchange for spending cuts,… -
If Biden goes nuclear on the debt ceiling, there’s no going back
With the summer deadline looming large to avoid a catastrophic default on U.S. debt, the White House and House Republicans are no closer to striking a deal. This week, the White House warned that President Joe Biden would veto a Republican proposal that would lift the debt ceiling into 2024 in exchange for cutting federal… -
Commanders sale sets record but these 5 teams have even faster growing values
The Washington Commanders will be in the hands of Apollo Global founder Josh Harris after the $6 billion deal is finalized. It’s quite the return on investment for the team’s controversial owner Dan Snyder, who bought the team for $800 million in 1999. At the time, it was a record price for a U.S. sports… -
Bank crisis is ‘basically over.’ Here’s why First Republic is still shaky.
Big banks continued showing resilience in the face of the bank crisis during a second week of earnings reports. Bank of America followed the trend of making bank on higher interest rates, while deposit flows appeared to settle for most. Still, results from regional banks showed more of a mixed bag. State Street, M&T Bank… -
What bank crisis? Chase sees record revenue as other banks beat the Street
Big banks started off earnings season with a bang despite concerns of contagion from the second and third largest failures in American history. The nation’s largest financial institutions reaped the benefits of the Federal Reserve’s aggressive rate hike campaign. The nation’s largest bank easily beat Wall Street expectations. JPMorgan Chase said profit surged 52% to… -
Just Max: Streaming wars heat up as HBO tries climbing this top 5 list
The streaming wars are heating up with more and more competition entering the chat, even though most streaming services still fail to turn a profit. The streaming audience, at least, can’t get enough content. The majority of streamers have at least three subscriptions, according to tracking data from CivicScience. Here are the top streaming platforms… -
Latest consumer price inflation is smallest increase in nearly 2 years
Inflation rose at its slowest rate in nearly two years, the Bureau of Labor Statistics said Wednesday, April 12. The overall consumer price index rose 5% in March on an annual basis, the lowest it has been since May 2021. Meanwhile, month to month inflation cooled to a 0.1% increase for March, down from 0.4%… -
Top 3 things you need to know about the looming credit crunch crisis
As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch crisis. No. 1: What is a credit… -
Jimmy Buffett joins the billionaire club. These 5 artists got rich outside of music.
Prolific musicians have been making a killing over the last few years selling the publishing rights to their music catalogs. But the wealthiest acts are making their riches outside of the recording studio. Here are the richest artists who cashed in on their business prowess to become billionaires in this week’s Five For Friday: #5:… -
The banking crisis is ‘not over’ — and another crisis is already looming
As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch. “I’m getting really nervous now that an economy that I…