Brent Jabbour
More from Brent Jabbour
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If port workers go on strike, here’s when one expert says Biden should step in
Price increases could be on the horizon if dockworkers and port operators fail to reach terms on a labor contract before Tuesday, Oct. 1. The stoppage at 36 ports along the eastern seaboard and in the Gulf of Mexico would be the first for maritime workers in nearly 50 years. Members of the International Longshoremen’s… -
OpenAI shakeup: Top execs leave as Sam Altman hamstrings nonprofit arm
A lot is going on behind closed doors at OpenAI. Longtime Chief Technology Officer Mira Murati announced she is leaving the company, with two other veteran executives following her out the door. Within hours, it came out that CEO Sam Altman is working to restructure the company into a for-profit endeavor, eliminating the nonprofit arm’s… -
Antitrust expert on Visa case: ‘It’s not enough to be big, you have to be bad’
The Department of Justice filed a federal antitrust lawsuit against Visa Tuesday, Sept. 24. The suit alleges the payments processor took part in anticompetitive practices in the debit card market that hurt merchants and consumers alike. “Visa deploys a web of unlawful anti-competitive agreements to penalize merchants and banks for using competing payment networks,” Attorney… -
Where are they now? FTX criminals making headlines in and out of jail
Caroline Ellison is the latest to go to prison over the multibillion-dollar FTX fraud scheme. The on-again-off-again girlfriend of FTX founder Sam Bankman-Fried was sentenced to two years behind bars. She was a star witness for the prosecution against her former boss and boyfriend, commonly known by his initials, SBF. But the judge said her… -
Heisman winner Reggie Bush sues for NIL money 2 decades after playing
Months after getting his 2005 Heisman Trophy reinstated, former USC superstar Reggie Bush is again taking on college football. This time, the running back-turned-broadcaster filed a lawsuit against the university, the Pac-12 and the NCAA. Bush’s lawsuit claims the three profited “from uncompensated use” of his name, image, and likeness, known as NIL. Star college… -
Union accuses Boeing of trying to ‘drive a wedge’ between striking workers
Machinists are still marching Tuesday, Sept. 24, after rejecting Boeing’s latest “best and final” offer to end the strike. But is the offer itself the problem or how the company went about it? Here’s what Boeing put on the table: Boeing said the offer is contingent on a vote by the end of the week, which… -
No quick fix for Intel as it weighs investment and buyout offers
Once a semiconductor powerhouse, Intel is falling from grace and now has two firms vying to catch it. San Diego-based Qualcomm is offering to acquire the company, the Wall Street Journal first reported, while asset management firm Apollo Global Management has offered an investment lifeline worth up to $5 billion, Bloomberg reports. Intel has a market… -
Does Fed rate cut plus falling mortgage rates equal more affordable housing?
Falling interest rates may pique the interest of prospective homebuyers but experts don’t necessarily think it is going to loosen the market anytime soon. The rate for a 30-year fixed mortgage averaged 6.09% for the week, according to Freddie Mac. The dip comes as the Federal Reserve cut its benchmark interest rate by 50 basis… -
Nike rehires 1988 intern as next CEO. Here are Elliott Hill’s first hurdles.
Nike’s new CEO has a lot of ground to make up. On Thursday, Sept. 19, the company announced the sudden retirement of four-year CEO John Donahoe, while Elliott Hill will be returning from retirement to lead the company. Hill last led commercial and marketing operations for Nike and the Jordan brand in 2020. He spent 32… -
Tucker Carlson launches nicotine pouches to compete with Zyn
Conservative talker Tucker Carlson launched a nicotine pouch that he hopes will compete with the massive popularity of Zyn. Carlson’s foray into the business started with an appearance on comedian Theo Von’s podcast last year where he was actually talking about his love for Zyn. “The truth is, Zyn is a powerful work enhancer, and also… -
Who’s Larry Ellison and what’s Oracle? Bezos challenged as No. 2 richest
Oracle chairman and co-founder Larry Ellison is making moves near the top of the list of the world’s richest people. The tech billionaire recently surpassed Amazon founder Jeff Bezos to take over the No. 2 slot, although there is now back-and-forth for the position. Ellison has an estimated net worth of just over $200 billion… -
Federal Reserve cuts rate by 50 bps ending hike cycle that started in 2022
The Federal Reserve lowered its benchmark interest rate by a supersized 50 basis points, outpacing expectations of 25 basis points. Markets surged Wednesday afternoon, Sept. 18, as the central bank ended its rate-hike campaign that started in 2022. The federal funds rate now sits between 4.75%-5%, down from 5.25%-5.5%. This marks the first rate cut… -
Trump boosts his crypto chops with a new private venture
Former President Donald Trump was off the campaign trail Monday, Sept. 16, as he took part in a live stream to promote a new cryptocurrency venture. Though he took part in a Q&A to start the event, there are still plenty of questions left unanswered about World Liberty Financial (WLF). The former president, along with…
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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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Science Robotics
Researchers hope PigeonBot flying robot can inspire next generation of flight
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