Brent Jabbour
More from Brent Jabbour
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‘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… -
Boeing boosts offer to 35% raises as it loses $1 billion per month in strike
The end of the Boeing strike may be in sight. After more than a month on the picket lines, union members will vote on Boeing’s latest contract offer this Wednesday, Oct. 23. It will be the first official vote since the vote to strike, but union members from the International Association of Machinists and Aerospace Workers… -
It’s time for Boeing CEO to go straight to union leadership: Expert
Boeing was in tremendous trouble long before the machinist strike, which is in its second month and costing the company $1 billion per month. Since the strike started, things have gone from bad to worse, and it’s not all strike related. On Friday, Oct. 18, the Federal Aviation Administration opened a new safety review into… -
After a lot of mistakes, this is the ‘only direction’ Nike can take
A former intern at Nike started his new role as CEO the week of Oct. 14. Elliott Hill took over the top job after CEO John Donahoe’s surprise retirement, but Hill’s path to return Nike to its former glory is an uphill climb. Nike is facing a major sales downturn and struggling share price. As… -
Roblox responds to report it attracts pedophiles and lies to investors
A prominent short seller claimed the popular video game platform Roblox is an “X-rated pedophile hellscape” and said the company is lying to investors about its numbers. Last week’s report from Hindenburg Research prompted a suicide prevention campaign to call on British regulators to do more to protect kids from harmful online content. Hindenburg Research… -
Facing the music: Can Taylor Swift ever top The Eras Tour?
Pop megastar Taylor Swift kicks off the final U.S. leg of her gigantic Eras Tour on Friday, Oct. 18, in Miami. When all is said and done, Swift will have spent nearly two years globe trotting in front of millions of fans, selling out arenas worldwide and generating more than $2 billion. For Swifties who missed… -
Why deportations are an ‘economic disaster’ and other immigration truths
There are likely more than 11 million immigrants living in the U.S. today without authorization. On the campaign trail, former President Donald Trump has promised to enact “mass deportations” to remove unauthorized immigrants. Trump said he would use the Alien Enemies Act of 1798, which has not been used since internment camps during World War… -
How Florida’s state-backed insurance went from last resort to largest provider
It was meant to be the insurance of last resort. But along the way, Florida’s government-backed Citizens Property Insurance Corporation became the largest insurance provider in the state. “Citizens Property Insurance, which was created decades ago, it is not solvent, and we can’t have millions of people on that, because if a storm hits, it’s… -
Boeing lays off 10% of workforce as strike enters fifth week
A month into the strike of 33,000 Boeing machinists with no end in sight, Boeing’s issues are piling on. Boeing CEO Kelly Ortberg announced Friday, Oct. 11, the company will lay off 17,000 employees, which accounts for roughly 10% of its staff. “Our business is in a difficult position, and it is hard to overstate… -
Hurricane Milton likely caused $60 billion in insured losses, early estimate shows
Hurricane Milton was a one-in-1,000-year rainfall event for the Tampa, Florida, area, with wind gusts around 100 miles per hour. The roof blew off the Tampa Bay Rays’ Tropicana Field, which was supposed to house hurricane workers. Hurricane Milton has torn through Florida, and now comes the recovery. A Morningstar analysis ahead of the storm… -
Economy may reel from hurricanes for 6+ months, Fed president says
Recovery efforts for Hurricane Helene are just getting started in the southeastern U.S., as Hurricane Milton makes landfall in Florida. The back-to-back disasters less than two weeks apart will have a lasting impact on the economy, Atlanta Federal Reserve Bank President Raphael Bostic warned during the week of Oct. 6. Bostic said hurricane season impacts… -
Inflation cools for sixth month in September but food and shelter stay hot
Consumer price inflation cooled for the sixth straight month in September 2024, coming in at 2.4% annually. Monthly prices rose 0.2% from August, according to data released by the Bureau of Labor Statistics Thursday, Oct. 10. Core inflation, which removes more volatile food and energy prices, rose 3.3% annually and 0.3% compared to August. September’s…
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