More from Brent Jabbour
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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… -
Jan. 6 reports from GOP, investigative committee draw different conclusions
Two reports on the Jan. 6 riot at the U.S. Capitol have two very different focuses. The official Jan. 6 investigative committee compiled a report that stated the attack on the Capitol could not have happened without Donald Trump. A separate investigation from a group of five House Republicans found that intelligence failures, internal politics… -
Arizona to remove shipping containers from Mexico border
Arizona Gov. Doug Ducey, R, has agreed to stop installing shipping containers along his state’s border with Mexico. According to a court filing, Arizona also agreed to remove those that have already been put in place to avoid a restraining order or preliminary injunction. The containers were added to fill gaps in the border wall.… -
Biden to give Zelenskyy $2 billion for war and Patriot missiles
Ukraine President Volodymyr Zelensky is in Washington to meet with President Biden and address a joint session of Congress. According to a senior administration official, President Biden will announce a $2 billion security package to Ukraine, which will include a Patriot missile battery. According to the State Department, Patriots are capable of defending against cruise… -
Congress giving $1.1 billion to fix 46,000 broken bridges
Congress is on track to provide an additional $1.14 billion in 2023 to reduce the backlog of structurally deficient bridges. But that’s not even close to what’s needed to fix the problem. A 2021 report from the American Society of Civil Engineers said 46,154 structurally deficient bridges in the United States are in “poor condition”.…