Brent Jabbour
More from Brent Jabbour
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Will Elon Musk’s conflicts keep him from serving in Trump’s White House?
Elon Musk dropped more than $100 million to help get Donald Trump back in the White House. Big-time surrogates are often rewarded with prominent cabinet positions. But Musk stands to lose a lot more if he enters government life. “If Elon Musk comes into the cabinet or into any government position, he will have to either recuse… -
Fed Chair Jerome Powell has one word to say to reports Trump wants him gone
Federal Reserve Chair Jerome Powell is standing his ground. In as few words as possible, a defiant Powell made clear he’s not budging from his chair when President-elect Donald Trump is back in office. “No,” is all Powell said when asked a reporter asked if he would resign if Trump asked him to leave. His… -
Does Trump have to sell his DJT stake? We asked a White House ethics lawyer
As President-elect Donald Trump prepares for his next four years in the White House, he has a new potential business conflict that didn’t exist during his first term: Trump Media and Technology Group. Back in 2017, his real estate empire was the biggest focus of ethics experts. But now he’s billions of dollars richer from… -
Federal Reserve cuts interest rate by 25bps in first post-Election move
The Federal Reserve continued its rate-cutting campaign Thursday, Nov. 7, marking the first policy decision since the 2024 presidential election. The central bank shaved off another 25 basis points from the federal funds rate, in line with expectations. The latest decision sets the benchmark interest rate between 4.5%-4.75%, down from 4.75%-5%. This marks the second… -
Stock market soars to records on Trump election victory
The Trump trade is back on and bigger than ever. The stock market surged to record highs Wednesday morning, Nov. 6, on news former President Donald Trump is now president-elect. The Dow Jones soared up 1,300 points, around 3%, to start the day. Trump Media, which trades like a meme stock on Trump’s political momentum,… -
The average home buyer is 56 years old as first-time buyers fall to historic lows
First-time home buyers make up the smallest portion of home purchases since the National Association of Realtors (NAR) started tracking the statistic in 1981. At the same time, the age of buyers is on the rise. First-time buyers dropped to 24% between July 2023 and June 2024. That’s down from 32% a year earlier, according… -
Why investors think a Kamala Harris victory leads to a weaker dollar
The U.S. dollar fell Tuesday, Nov. 5, as voters headed to the polls and investors hedged for a potential Kamala Harris victory. Investors think the dollar would weaken in a Harris economy and strengthen in a Donald Trump-led economy. In October, the dollar swelled on odds that former President Trump would win the presidency. But… -
Warren Buffett keeps selling Apple stock to hoard cash. But why?
Warren Buffett’s Berkshire Hathaway has been unloading a huge portion of its Apple holdings over the last nine months. The conglomerate’s cash on hand has skyrocketed as it sells off shares of one of the world’s most valuable companies. Berkshire offloaded roughly 25% of its Apple stock in the third quarter, according to its latest… -
Markets are more uncertain about Trump victory in final days
Ahead of the Tuesday, Nov. 5, presidential election, the word of the week is “uncertainty.” Polls predict drastically different outcomes, like the Des Moines Register poll that has Vice President Kamala Harris leading in the deep-red state of Iowa. “This race is filled with uncertainty today,” political strategist David Axelrod said. And that uncertainty is… -
The best it gets? Boeing machinists union urges striking members to vote yes
It is time “to lock in these gains and confidently declare victory,” the Boeing machinist union told its striking members after Boeing’s latest contract offer. The deal on the table includes 38% pay raises over four years, just shy of the 40% union members demanded and much higher than the 25% the company started negotiations… -
Economy adds 12,000 jobs in last report before election amid hurricanes, strikes
The U.S. economy added far fewer jobs than expected in October 2024as the unemployment rate remained unchanged at 4.1%. Friday’s jobs report marks the last piece of economic data released before the presidential election. Total nonfarm payroll employment, the number of people employed at all U.S. businesses except farms or the military, was basically unchanged… -
What Apple’s big iPhone surge in China tells us about China relations
Apple is expected to see its biggest revenue jump in two years when it releases quarterly earnings on Thursday, Oct. 31. While there will be a lot of talk about the state of Apple Intelligence, its iPhone sales are currently boosting the bottom line. In the three weeks following the iPhone 16’s release, sales in… -
Can Trump get rid of income tax and replace revenue with tariffs?
In a presidential campaign cycle filled with tax cut proposals, one is loftier than all the rest. Former President Donald Trump has repeatedly floated the idea of getting rid of individual income tax and replacing it with revenue from tariffs. Individual income tax currently provides 49% of the federal government’s annual revenue. “Were you serious…
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