Finance
Shamsud Din Jabbar’s tragic decline: $120k job, debt, failed marriages and radicalization behind New Orleans attack | World News – Times of India
Shamsud Din Jabbar, the 42-year-old behind the deadly New Year’s Eve attack in New Orleans, had a stable job as an employee at the prominent accounting firm Deloitte, reportedly earning an annual salary of $120,000. However, despite his relatively high-paying position, Jabbar’s life was marked by financial turmoil that escalated during his second divorce in 2022.
A high-earning professional struggling with debt
New York Post reports reveal that Jabbar, who had a background in IT and military service, was deeply in debt. In emails to his ex-wife’s lawyer, Jabbar admitted to owing over $27,000 in overdue home payments and stated he was at risk of foreclosure. Furthermore, he confessed to racking up more than $16,000 in credit card debt while paying court fees and expenses for a second home. His real estate business, which he had hoped would provide a financial lifeline, had suffered a staggering loss of more than $28,000 the previous year.
A fall from stability to squalor
Jabbar’s personal life took a dramatic turn after his second divorce. He had been married twice and had faced ongoing financial struggles, including child support disputes with his first wife, who sued him in 2012. Despite his job at Deloitte and his military service, Jabbar’s financial issues pushed him to a breaking point.
In the years following his military service, Jabbar’s situation deteriorated, and he found himself living in a dilapidated trailer park in Houston, Texas. The once-promising professional now lived in squalor, surrounded by sheep and goats in his yard. His neighbors, many of whom were Muslim immigrants, knew little about him, with one describing Jabbar as a “simple person” who kept to himself, reported the Post.
From military service to terror
Jabbar’s journey from a decorated military veteran to a terrorist suspect is as complex as it is tragic. He served in the US Army for over a decade, deploying to Afghanistan, where he worked as an IT specialist. He left the Army in 2015 as a staff sergeant after serving both active duty and as a reservist. Despite the stability of his military career, Jabbar struggled with personal and financial issues that seemed to worsen over time.
In a 2020 YouTube video promoting his real estate business, Jabbar portrayed himself as a dependable and trustworthy Texan. However, in the months leading up to the New Orleans attack, he reportedly became more isolated and radicalized. The FBI revealed that Jabbar had made references to the Quran and was reportedly influenced by ISIS ideology, a connection underscored by an ISIS flag found on the truck he used during the attack.
A deadly attack on New Year’s eve
On New Year’s Day, Jabbar carried out a premeditated terror attack, driving a rented Ford F-150 truck into a crowd on Bourbon Street, killing 15 people. Following the attack, he exchanged gunfire with police officers and was killed during the confrontation. Authorities confirmed that Jabbar had an ISIS flag on his vehicle, and law enforcement is continuing to investigate potential accomplices.
Jabbar’s financial struggles, marital issues, and apparent radicalization have painted a picture of a man who spiraled from a successful career and military service to a life of financial ruin and violent extremism.
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Harley-Davidson’s new CEO wants to transform how people think about the iconic motorcycle brand, so the company is trying something different.
This week, Harley announced a new strategy that focuses on lower-priced bikes, rather than relying on older, more affluent customers to buy its higher-margin touring models.
“Back to the Bricks builds on our core strengths and competitive advantages, harnessing the passion of our riders to deliver profitable growth for the Company and both our dealers and shareholders,” Harley CEO Artie Starrs said this week. “As we drive towards this new phase of growth, we remain committed to the craftsmanship and dedication that define our brand.”
Entry-level Harley-Davidsons cost about $13,000, while the higher-end Adventure Touring models average about $23,250, and the Premium Range &CVO models cost about $38,500, according to Reuters.
Harley’s new strategy targets a core profit of over $350 million from its motorcycle business by 2027 and over $150 million in cost reductions.
To kick off the new strategy, Harley is introducing Sprint, a new entry-level model powered by a smaller 440cc engine, later in the year.
What is Harley-Davidson’s “Back to the Bricks” strategy?
Harley’s new strategy relies on more than just pushing buyers toward cheaper vehicles to increase volume. The 123-year-old company has a set of five pillars on which it is building its future.
Harley-Davidson “Back to the Bricks” 5-point plan
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Deep appreciation of Harley-Davidson’s competitive advantages and legacy: The Company’s iconic brand, diversified and powerful revenue channels, and best-in-class dealer network provide a powerful foundation for growth.
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Renewed commitment to exclusive dealer network to drive enterprise profitability: Harley-Davidson’s dealers are a competitive advantage. The Company is planning actions to enable dealers to double profitability in 2026 and then double it again by 2029.
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Immediate actions to recapture share in areas where Harley-Davidson has right to win: Harley-Davidson has strong legacy equity in existing markets including new motorcycles, used motorcycles, Parts & Accessories, and Apparel & Licensing. The Company’s new strategy is focused on positioning the Company to regain share and drive meaningful volume growth in categories where it benefits from credibility, scale, and deep rider connection.
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Strong financial position with a path to stronger free cash flow and EBITDA margin: Cost and restructuring actions already underway support a path to stronger free cash flow and EBITDA margin over time.
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Bolstered management team with balance of fresh perspectives and institutional knowledge: Harley-Davidson has made a number of leadership appointments that support the Company as it leverages its innate strengths.
Written by Jitendra Parashar at The Motley Fool Canada
Dividend investing can be one of the simplest ways to build long-term wealth while creating a steady stream of passive income. But in my opinion, a good dividend stock is about much more than just a high yield. Beyond dividend yield, investors should also look for companies with durable businesses, reliable cash flows, and a history of rewarding shareholders consistently over time.
That’s exactly why many investors turn to financial stocks. Banks and asset managers often generate recurring earnings through lending, investing, and wealth management activities, allowing them to support stable dividend payments even during uncertain market conditions.
Two Canadian financial stocks that stand out right now are AGF Management (TSX:AGF.B) and Toronto-Dominion Bank (TSX:TD). Both companies offer attractive dividends backed by solid financial performance and long-term growth strategies. In this article, I’ll explain why these two financial stocks could be worth considering for income-focused investors right now.
AGF Management stock continues to reward shareholders
AGF Management is a Toronto-based asset manager with businesses across investments, private markets, and wealth management. Through these divisions, the company offers equity, fixed income, alternative, and multi-asset investment strategies to retail, institutional, and private wealth clients.
Following a 59% rally over the last 12 months, AGF stock currently trades at $16.67 per share with a market cap of roughly $1.1 billion. At current levels, the stock offers a quarterly dividend yield of 3.3%.
One reason behind AGF’s strong recent performance is its increasingly diversified business model. The company has expanded its investment capabilities and broadened its geographic reach, helping it perform well across varying market environments.
In the first quarter of its fiscal 2026 (ended in February), AGF posted free cash flow of $36 million, up 14% year over year (YoY), driven mainly by higher management, advisory, and administration fees. These fees climbed to $92.5 million as demand for the company’s investment offerings strengthened.
AGF has also been focusing on expanding its alternative investment business and introducing new investment products. With strong cash generation and growing demand for alternative investments, AGF Management looks well-positioned to continue rewarding investors over the long term.
TD Bank stock remains a dependable dividend giant
Toronto-Dominion Bank, or TD Bank, is one of North America’s largest banks, serving millions of customers through its Canadian banking, U.S. retail banking, wealth management and insurance, and wholesale banking operations.
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