Jan 4, 2018 - Technology

App Store hit record $300 million in sales

Kim Hart, author of Cities

App Store customers rang in the new year with record app purchases on January 1, racking up $300 million in purchases on that day alone. During the week starting on Christmas Eve, a record number of customers spent $890 million.

App earnings: Apple says iOS developers earned $26.5 billion in 2017, more than a 30% increase over 2016.

Most popular: Pokemon Go topped the charts with its new augmented reality features. Amazon and Wayfair were among the most popular shopping apps, and Pitu and Snapchat were among the top social media apps. Clash of Clans, Candy Crush Saga and Hulu remained popular.

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Sara Fischer, author of Media Trends
2 hours ago - Economy & Business

Media prepares to fact check debates in real time

Illustration: Annelise Capossela/Axios

From live blogs to video chyrons and tweets, media companies are introducing new ways to fact check the presidential debates in real time this year.

Between the lines: The debates themselves are likely to leave less room for live fact-checking from moderators than a traditional news interview would.

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Marisa Fernandez
2 hours ago - Politics & Policy

Life after Roe v. Wade

The future seems clear to both parties: The Supreme Court will overturn Roe v. Wade in the next few years, either gradually or in one fell swoop, and the abortion wars will move to a state-by-state battle over freedom and restrictions. 

What's new: Two of the leading activists on opposite sides of the abortion debate outlined for “Axios on HBO” the next frontiers in a post-Roe v. Wade world as the balance on the Supreme Court prepares to shift.

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Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Jerome Powell, Trump's re-election MVP

Photo illustration: Annelise Capossela/Axios. Getty Images photos: Andrew Caballero-Reynolds/AFP and Lev Radin/Pacific Press/LightRocket

President Trump trails Joe Biden in most polls, has generally lower approval ratings and is behind in trust on most issues. Yet polls consistently give him an edge on the economy, which remains a top priority among voters.

Why it matters: If Trump wins re-election, it will largely be because Americans see him as the force rallying a still-strong U.S. economy, a narrative girded by skyrocketing stock prices and consistently climbing U.S. home values — but the man behind booming U.S. asset prices is really Federal Reserve chair Jerome Powell.

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