Brent Jabbour
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Warren Buffett keeps selling Apple stock to hoard cash. But why?
Warren Buffett’s Berkshire Hathaway has been unloading a huge portion of its Apple holdings over the last nine months. The conglomerate’s cash on hand has skyrocketed as it sells off shares of one of the world’s most valuable companies. Berkshire offloaded roughly 25% of its Apple stock in the third quarter, according to its latest… -
Markets are more uncertain about Trump victory in final days
Ahead of the Tuesday, Nov. 5, presidential election, the word of the week is “uncertainty.” Polls predict drastically different outcomes, like the Des Moines Register poll that has Vice President Kamala Harris leading in the deep-red state of Iowa. “This race is filled with uncertainty today,” political strategist David Axelrod said. And that uncertainty is… -
The best it gets? Boeing machinists union urges striking members to vote yes
It is time “to lock in these gains and confidently declare victory,” the Boeing machinist union told its striking members after Boeing’s latest contract offer. The deal on the table includes 38% pay raises over four years, just shy of the 40% union members demanded and much higher than the 25% the company started negotiations… -
Economy adds 12,000 jobs in last report before election amid hurricanes, strikes
The U.S. economy added far fewer jobs than expected in October 2024as the unemployment rate remained unchanged at 4.1%. Friday’s jobs report marks the last piece of economic data released before the presidential election. Total nonfarm payroll employment, the number of people employed at all U.S. businesses except farms or the military, was basically unchanged… -
What Apple’s big iPhone surge in China tells us about China relations
Apple is expected to see its biggest revenue jump in two years when it releases quarterly earnings on Thursday, Oct. 31. While there will be a lot of talk about the state of Apple Intelligence, its iPhone sales are currently boosting the bottom line. In the three weeks following the iPhone 16’s release, sales in… -
Can Trump get rid of income tax and replace revenue with tariffs?
In a presidential campaign cycle filled with tax cut proposals, one is loftier than all the rest. Former President Donald Trump has repeatedly floated the idea of getting rid of individual income tax and replacing it with revenue from tariffs. Individual income tax currently provides 49% of the federal government’s annual revenue. “Were you serious… -
Microsoft accuses Google of ‘shadow campaigns’ to influence EU regulators
Microsoft publicly accused rival tech company Google of running “shadow campaigns” to discredit the competition to EU regulators. The accusations include funding a fake grassroots campaign to “mislead the public.” “I’ve taken pains to tell the truth, even when that might make things more complicated for Microsoft,” Microsoft’s Deputy General Counsel Rima Alaily wrote in… -
You can now bet on Trump or Harris winning the election on Robinhood
Robinhood is letting users put their money where their mouth is on who will win the upcoming U.S. presidential election. Starting Monday, Oct. 28, the online brokerage house allows people to trade financial contracts to bet on Vice President Kamala Harris or former President Donald Trump. According to Robinhood, an event contract is a “financial… -
Dodgers-Yankees World Series matchup the more classic kind of ‘moneyball’
The 2024 World Series matchup is the more classic kind of “moneyball,” where two of the most gargantuan payrolls in Major League Baseball meet at the end of the playoff road. The Dodgers-Yankees matchup is between presumed league MVPs, the $700 million Shohei Ohtani and $360 million Aaron Judge. Both teams sport three players with… -
Trade groups sue FTC to block Khan’s ‘click-to-cancel’ rule
The Federal Trade Commission’s rule to make it easier for consumers to cancel subscriptions is already facing a legal challenge. The final “click-to-cancel” rule was announced last week and industry groups representing companies that rely on subscription revenue filed an appeal on Wednesday, Oct. 23. Click-to-cancel requires retailers, gyms and other subscription-selling companies to make… -
Starbucks needs more of this one ingredient to bring customers back
Starbucks’ freshly-brewed CEO Brian Niccol has the “venti” task of getting the coffee shop giant back on track. The tall order starts with more people fulfilling orders across Starbucks’ many channels. The company released preliminary fourth-quarter earnings, which shows how deep the Starbucks slump is. For the third straight quarter, overall same-store sales fell, this time by… -
‘Big gap’ between what new Boeing CEO is saying and what’s happened
Boeing is looking to take flight after moving on from its worst quarter performance since COVID-19 halted travel worldwide. And the company is doing so with a new captain in the cockpit. “We’re clearly at a crossroads,” Boeing CEO Kelly Ortberg said in his first earnings call. “The trust in our company is eroded. We’re… -
Disney vows to resolve Iger succession in 2026 as Gorman becomes board chair
Disney is inching closer to a future without Bob Iger at the helm, although it may take a little longer than expected. Now the entertainment and theme park juggernaut says it will name its new CEO in “early 2026.” James Gorman will take over as the Disney board’s chairman on Jan. 2, 2025, the company…
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