Brent Jabbour
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Macy’s activist investor may be ‘most truthful’ about retailer’s future
Macy’s is facing off with an activist investor for the fourth time in a decade. Activist investment firm Barington Capital and private equity firm Thor Equities say the company needs to cut spending, expand luxury brands and leverage its real estate portfolio. The investors say the real estate Macy’s sits on is worth as much… -
‘You’re not fired.’ Trump says he won’t try to remove Fed Chair Jerome Powell
In his first broadcast interview since the election, President-elect Donald Trump put to bed the notion he’d try to fire the chair of the Federal Reserve before his term expires in 2026. NBC’s Kristen Welker asked Trump during the hour-long exchange if he would try to replace Federal Reserve Chair Jerome Powell. “No, I don’t think… -
Nvidia dragged into US-China tit-for-tat over chip restrictions
The world’s second-most valuable company is caught in the back-and-forth between the United States and China. Beijing announced on Monday, Dec. 9, it launched an antitrust investigation into chipmaker Nvidia. China’s State Administration for Market Regulation said it suspects the company, crucial to the proliferation of artificial intelligence, is violating a promise it made during… -
There’s a new term to describe this job market’s vibes
Despite a strong jobs report for November, the job market vibe is mixed. The number of Americans reporting they want a new job is at a 10-year high, but many feel they have nowhere to go. Gallup is calling it the “Great Detachment,” years after the “Great Resignation” took hold. In workplaces around America, employees feel… -
Why November’s 227,000 jobs added is not as impressive as it seems
The U.S. jobs market beat expectations in November, adding 227,000 jobs after a bleak October report driven by hurricanes and strikes. At the same time, the unemployment rate ticked up to 4.2% from 4.1% in October, according to Labor Department data. Payroll employment has averaged 186,000 jobs added per month over the last 12 months.… -
Ramaswamy says DOGE will scrutinize Rivian loan and CHIPS Act awards
Department of Government Efficiency co-chair Vivek Ramaswamy is going to put President Joe Biden’s “last-minute spending spree” under a microscope. He claims the funding awarded months before a power transition is inappropriate and will receive special scrutiny. High on his list of spending to claw back is a $6.6 billion loan to EV maker Rivian… -
Anthem cancels controversial anesthesia policy after widespread outrage
Anthem Blue Cross Blue Shield is canceling a proposed policy change on anesthesia coverage after extensive backlash. On Nov. 1, Anthem announced they would soon cap anesthesia coverage to a certain time limit and would deny anesthesia claims that exceeded the allotted minutes. While the American Society of Anesthesiologists promptly reacted to the proposal, the… -
Biden looks to stop paying workers with disabilities less than minimum wage
The Biden administration wants to end a Depression-era policy that allows qualified employers to hire workers with disabilities at less than the federal minimum wage of $7.25. The Labor Department proposed a new rule this week to phase out the practice. These 14(c) certificates are given to employers to prevent limiting job opportunities for workers… -
Trump announces crypto-friendly Paul Atkins to head the SEC
President-elect Donald Trump picked a cryptocurrency-friendly face to chair the Securities and Exchange Commission. The move to nominate former SEC commissioner Paul Atkins would fulfill a campaign promise made to the crypto community. Atkins served as SEC commissioner under President George W. Bush. In the early 1990s, he was on the staff of two former… -
DC accuses Amazon of ‘secretly’ excluding zip codes from 2-day delivery
Amazon is accused of “secretly” excluding “historically underserved” areas of Washington, D.C., from high-speed delivery with Prime. The lawsuit brought by Attorney General Brian Schwalb alleges the e-commerce giant kept two zip codes from getting the fastest delivery service promoted with Amazon Prime while still charging those residents the full-price fee. This lawsuit claimed the… -
Delaware judge rejects Elon Musk’s Tesla pay package for second time
Elon Musk lost in court for the second time over his pay compensation. The Tesla CEO failed to convince a Delaware judge to reverse her earlier ruling, which nullified his $56 billion pay package. “A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth.… -
Trump vows to tank $15B buyout of US Steel by Japan’s Nippon
President-elect Donald Trump doubled down on a campaign promise Monday, Dec. 2. Trump said he would block a $15 billion deal between Japan’s Nippon Steel and U.S. Steel, but its fate could be sealed before he ascends to the Oval Office. “I am totally against the once great and powerful U.S. Steel being bought by… -
What do you mean Enron is ‘back’? Parody post confuses the internet
Twenty-three years to the day after filing for bankruptcy, energy company Enron claimed to be “back” in a cryptic X post on Monday, Dec. 2. Enron became infamous for an accounting fraud scandal that cost shareholders tens of billions of dollars and lost thousands of employees their hard-earned pensions. “In the modern world you must…
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Trump suggests 'long-term ownership' by US of Gaza Strip
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Trump to sign executive order barring trans women and girls from female sports
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Senate Democrats consider more holds on Trump’s nominees
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Hulu to reboot ‘Buffy the Vampire Slayer’, Dolly Parton to executive produce
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Questions surround New Orleans Saints after church abuse emails released
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