Brent Jabbour
More from Brent Jabbour
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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… -
Small business could struggle to get credit as banks face record withdrawals
An increasing number of banks, large and small, reported tightening credit standards to start off 2023, even before the banking turmoil that began in March. But smaller banks are now getting hit twice as hard as customers move deposits away from regional institutions, which could put some small businesses in further peril. In the week… -
Banking crisis ‘hiding in plain sight,’ Chase CEO Jamie Dimon says
The CEO of the largest bank in the U.S. is warning the government to avoid “knee-jerk, whack-a-mole or politically motivated responses,” to the latest bank failures. JPMorgan Chase leader Jamie Dimon has been meeting behind the scenes with regulators and other bank leaders over the past month but commented publicly on the banking crisis for… -
Bankruptcy filings surpassed pandemic peak even before bank crisis took hold
On Tuesday, April 4, Richard Branson’s satellite-launching company Virgin Orbit filed for Chapter 11 bankruptcy. The company failed to find a funding lifeline following a launch failure and is now looking to sell its assets. When a public company like Virgin Orbit goes bankrupt, there is no shortage of headlines. But there’s an undercurrent happening…
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News headlines compared: Did Trump win by a landslide?
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Project Concho
World’s first carbon capture facility powered by wind energy coming to TX
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Conor McGregor ordered to pay $257K over sexual assault case
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Study on link between COVID-19 and cancer causes buzz online
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Science Robotics
Researchers hope PigeonBot flying robot can inspire next generation of flight
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