Brent Jabbour
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Tack on one more to Trump’s tax-cut pledges: No tax on overtime pay
Former President Donald Trump said on Thursday, Sept. 12, he would add another tax cut to his agenda if elected to the White House in November. This time, the Republican nominee pledged to eliminate taxes on overtime pay. “The people who work overtime are among the hardest-working citizens in our country, and for too long,… -
The more affordable coffee beans aren’t so affordable anymore
A cup of coffee is part of many morning routines, but at night farmers are working overtime to keep coffee safe from crime. Coffee prices are abnormally high with robusta bean futures surging 65% this year and the lucrative trade is attracting unwanted attention. A coffee farmers association in Uganda is reportedly urging farmers to hire… -
Fed expected to slash rates by 25 bps in September. What’s next?
After the Wednesday, Sept. 11, inflation report came in on target, markets are even more confident the Federal Reserve will cut its rate by 25 basis points following its policy meeting next week. In August, Fed Chair Jerome Powell said it was time for policy to adjust after an “unmistakable” weakening in the labor market.… -
Core inflation is still above 3%: Is it time for the Fed to move its target?
Inflation cooled for the fifth straight month in August at 2.5%, inching closer to the Federal Reserve’s target of 2%. But core prices, which strip out food and energy, stayed stagnant at 3.2%. Is it time for the central bank to adjust its core inflation target of 2%? The Federal Reserve has a dual mandate… -
Inflation cools to 2.5% in August but monthly core prices came in hotter
Consumer price inflation cooled for the fifth straight month in August at 2.5% annually, inching closer to the Federal Reserve’s target of 2% inflation one week before the central bank’s next rate decision. Monthly prices rose 0.2% from July, according to data released by the Bureau of Labor Statistics Wednesday, Sept. 11. Core inflation, which… -
Apple and Google lose billions in back taxes, EU fines across the pond
The European Commission scored two big wins against major U.S. tech companies on Tuesday, Sept. 10. Both Apple and Google will have to pay billions of euros after nearly a decade of fighting in EU courts. Apple lost its final appeal to avoid paying $14.34 billion in back taxes to Ireland. The European Court of… -
Nearly 2/3 of Americans say they won’t buy new iPhone because of inflation
Apple revealed its new iPhone on Monday, Sept. 9, fit with artificial intelligence and cameras that just keep getting better. The iPhone 16 even has a camera control button on the edge. Sales start this month, but how many Americans will be racing to get the latest gadget? Sixty-three percent of Americans said they would… -
Kamala Harris pushes for 10x boost in new small business tax break
Presidential candidate and Vice President Kamala Harris wants to 10x the tax incentives new small businesses get. In a campaign stop in New Hampshire Wednesday, Sept. 4, Harris highlighted her desire to spur 25 million new small business applications in a four-year term if elected. So far, entrepreneurs have filed a record-breaking 19 million new small… -
Harris says she’s against a foreign company owning US Steel, like Trump
Vice President Kamala Harris declared her position on the $15 billion deal between Japan’s Nippon Steel and U.S. Steel. She told a crowd of people in Pittsburgh on Monday, Sept. 2, that she is against selling U.S. Steel to a foreign company. “U.S. Steel is a historic American company, and it is vital for our… -
Airbnb calls on New York to roll back short-term rental restrictions
It’s been a year since New York City passed broad regulations on short-term rentals. Airbnb, the biggest name in the short-term rental industry, said it didn’t have the intended impact and it’s time to reevaluate the rules. A New York law went into effect in September 2023 that banned property owners from renting out homes… -
Access denied: Less than 1 in 4 infertile couples in US can access IVF
On the campaign trail this week, former President Donald Trump pledged to make in-vitro fertilization free if elected in November. Trump spoke about his plan during a rally. “I’ve been looking at it and what we’re going to do is, for people that are using IVF – which is fertilization – the government is going… -
Whose economic policies are worse for the nation’s debt? Trump’s or Harris’?
If there’s one thing both presidential candidates know, it’s that the economy is the top issue for voters. Both Kamala Harris and Donald Trump want voters to believe they have the optimal economic plan over their opponent. “He doesn’t actually fight for the middle class. Instead, he fights for himself and his billionaire friends,” Harris… -
Kelces sign $100 million deal to bring ‘New Heights’ to Amazon’s Wondery
Famous NFL brothers Travis Kelce and Jason Kelce cashed in on the success of their podcast. The hosts of “New Heights” signed a 3-year, $100 million deal with Amazon’s Wondery. Wondery will now have exclusive rights to sell ads and distribute the weekly show hosted globally by the Kelces. Starting this week, when the show…
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