More from Brent Jabbour
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5 ‘outrageous’ 2023 predictions: Billionaire energy group, gold to $3,000
A new year means making resolutions that likely won’t stick, along with making fantastic predictions that will likely never come true. The latter is exactly what Denmark-based Saxo Bank does each year. We have the most outrageous predictions for 2023 in this week’s Five For Friday. #5: Country bans meat production The global agenda to… -
Biden announces immigration program, will deport those who don’t use it
President Biden announced his administration is expanding an immigrant parole program for immigrants from Venezuela, Cuba, Nicaragua and Haiti. Effective immediately, citizens from those countries who cross the border illegally or arrive at a port of entry unannounced will be deported to Mexico, which has agreed to accept returns of 30,000 people per month. Under… -
Former Rep. Reid Ribble: House speaker vote ‘has gotten personal’
The House of Representatives entered its third day of voting to select its next speaker on Thursday. Rep. Kevin McCarthy, R-Calif., made fresh concessions overnight to the group of House Republicans who have kept him from securing the position in hopes of hitting the 218-vote threshold. McCarthy agreed to reduce the number of House members needed… -
Celebrity endorsements lead to diabetes medicine Ozempic shortage
There’s a shortage of the diabetes drug Ozempic due to people using it for weight loss. The shortage is making it harder for diabetics to find the important medicine. Ozempic helps people with type two diabetes lower their blood sugar and A1C. Ozempic is the brand name for semaglutide, which stimulates insulin secretion and helps… -
Republicans want to prioritize China, taxes, abortion in new Congress
When a new party takes a majority in Congress, like Republicans are doing today, the first bills they introduce are meant to set their priorities for the next two years. In this case, it is also meant to send a message to the Biden administration as to where it can expect push back. Here’s a… -
McCarthy: Some demanded House committee positions for Speaker vote
The House of Representatives failed to elect a Speaker during its initial vote Tuesday. This is the first time since 1923 that the House did not select a leader on the first ballot. The final count was 203 for Rep. Kevin McCarthy, R-Calif., 212 for Rep. Hakeem Jeffries, D-N.Y., 10 for Rep. Andy Biggs, R-Ariz.… -
FTX founder Sam Bankman-Fried pleads not guilty to slew of criminal charges
Disgraced cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty to a host of criminal charges Tuesday in federal court. The former FTX CEO has been living under house arrest at his parents’ after controversially securing his $250 million bail. Bankman-Fried is charged with illegally funneling funds from FTX customer deposits to prop up his hedge… -
Musk’s Twitter takeover tops 5 biggest business stories of 2022
The last 12 months have been a rollercoaster for business and economic news. Unfortunately, most of us are entering 2023 with a lot less fortune. Here are the biggest stories that dominated 2022 headlines in this week’s Five for Friday. #5: FTX Scandal Cryptocurrency was already facing turmoil amid the long crypto winter. Then, the… -
Philadelphia Fed claims government overestimated job growth by +1 million
Did the U.S. government overestimate job growth by more than 1 million jobs this spring? That’s the claim after the Philadelphia Federal Reserve Bank released a December report, which makes early revisions to Bureau of Labor Statistics data for the second quarter of 2022. “In the aggregate, 10,500 net new jobs were added during the… -
TikTok parent company ByteDance fires employees who tracked journalists
TikTok’s parent company ByteDance fired one executive and another resigned after it was revealed the Chinese tech giant tracked journalists. An internal investigation by ByteDance found employees wrongfully obtained the data of certain U.S. users, including their IP addresses. The company claimed internal auditors were trying to find the source of suspected leaks, according to… -
US will be able to sell seized Russian yachts, give money to Ukraine
In the early months of Russia’s war on Ukraine, the United States and other countries seized yachts, mansions, private jets and other valuable assets belonging to Russian oligarchs. But many wondered, including D.C. lawmakers, what can be done with all those billionaire toys? Well, included in Congress’s $1.7 trillion omnibus spending package is an amendment… -
You’ve got mail? Here are 5 companies you probably didn’t know still exist
We’ve all had a moment like this. You’re in a dentist office waiting room. You reach for the stack of magazines on the table and think to yourself, “Wait, Reader’s Digest still exists?” We’re taking a look at some of the companies you may not realize are still hanging on in this week’s Five for… -
Senate passes $1.7 trillion omnibus spending bill
The United States Senate on Thursday approved a $1.7 trillion omnibus package to fund the federal government through September of next year. The legislation is now heading to the House, and if passed, must be signed by President Joe Biden before funding runs out on Friday. The spending package, which passed the Senate 68-29, has…