Brent Jabbour
More from Brent Jabbour
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‘The reason is Elon’: Tesla investor blames poor sales on Musk’s X posts
Elon Musk has been described as ingenious, unorthodox and eccentric. The bold things he has done in life have propelled him and his companies to where they are today. But are his antics now hurting his most prized accomplishment, Tesla? Tesla shares are down more than 30% this year and the company just had a very disappointing… -
Make energy policy boring again: Fmr. Trump official’s case for energy security
How Americans will power their lives for years to come is an issue that divides them. From fossil fuels to wind and solar, liquefied natural gas to nuclear power, debates over energy sources dominate politics. “I don’t say this to be funny,” said Neil Chatterjee, who served as chairman of the Federal Energy Regulatory Commission… -
Dread filing taxes? Here’s why it’s so complicated and expensive.
Every year, Americans dread the first 3.5 months of the year as they navigate the complexities of filing a tax return or opt to pay a professional to do it for them. The Internal Revenue Service expects 146 million tax filings for the 2023 earning year. With so many people affected, one would think there… -
The ‘little guy’ may have the biggest say in Disney’s $70 million proxy fight
The fierce boardroom battle over Disney’s direction heads to a vote during the week of March 31. It is expected to be the most expensive proxy fight in history, with all sides dropping a collective $70 million to influence shareholder votes. Disney’s main foe is activist investor Nelson Peltz, who wants two seats on the… -
Is higher credit card debt actually good for the economy?
Americans are facing a record amount of credit card debt in 2024 at more than $1 trillion total. Adjusted for inflation, WalletHub says credit card debt is about 10% below its peak, which Americans hit in 2008 during the Great Recession. However, WalletHub estimates growing balances this year could put the inflation-adjusted record in striking… -
US credit card debt nearing 2008 record when adjusted for inflation
Credit card debt in the U.S. hit a record at the end of 2023 while high interest rates continue to push the debt balance even higher this year. The Federal Reserve recently reported U.S. credit card debt reached $1.13 trillion in the fourth quarter of 2023, up $143 billion from the year before. According to… -
SEC warns companies against ‘AI washing,’ announces $400,000 penalty
AI is the new buzzword in business and the Securities and Exchange Commission is putting companies on notice for how it’s used. On Monday, March 18, the SEC fined two investing firms a collective $400,000 for “AI washing,” named after greenwashing. “One shouldn’t greenwash and one shouldn’t AI-wash, I don’t know how else to say… -
Blame game: What’s causing massive layoffs in video games amid record year?
Projects are being canceled and studios shuttered amid a wave of layoffs in the video game industry that has put thousands out of jobs. But many are wondering what’s driving these deep cuts after video game revenue hit another record in 2023. The new year is off to a rough start for those working in… -
1 year after banking crisis, is NYCB the early sign of another?
A year ago, New York Community Bank was in a position of strength. Amid last year’s banking crisis, the bank’s subsidiary took control of $38 billion in assets from failed Signature Bank. But this week, it was New York Community Bank that required a billion-dollar boost. Donald Trump’s former Treasury secretary, Steven Mnuchin, orchestrated the… -
Dartmouth basketball players made history with union vote. What now?
For a team that loses more than it wins, Dartmouth College basketball players racked up two victories on March 5. They bested Harvard in the season finale and voted to be the first college athletes to unionize. Voting 13-2, Big Green’s basketball players elected to join Service Employees International Union Local 560, which already represents… -
Confidence in economy takes another hit. Here’s what’s behind the bad vibes.
Americans’ confidence in the economy is wavering. After three consecutive months of growing consumer confidence, The Conference Board’s index took a hit in February. Economists all over the map continue to point out that the U.S. economy is very strong right now. They can’t quite put a finger on why many Americans don’t feel the… -
Why major cities are slashing services to pay for the migrant crisis
Bus after bus, major cities far from the border are starting to buckle under budgetary pressures of the nation’s migrant crisis. S&P Global Ratings is monitoring the credit health of New York, Denver and Chicago as they face sheltering tens of thousands of asylum-seekers. “The issue will destroy New York City,” Mayor Eric Adams said… -
How ‘sanctioned’ Russian diamonds made their way to the US
For two years now, Ukraine has battled for its sovereignty. Russia’s invasion is reducing cities to rubble and thousands of civilians have died in the conflict. A new report said Russia can sustain its assault for another two to three years, maybe even longer. Did diamonds purchased in the U.S. help pay for this war?…
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Trump creates US sovereign wealth fund, could buy into TikTok
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Trump reportedly weighing plan to dismantle Education Department
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China hits back at U.S. with tariffs of up to 15% on American goods
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State Farm asks to raise California premiums as LA rebuilds
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NFL star Myles Garrett requests trade from Cleveland Browns
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