Why it matters: Apple continues to be the largest smartwatch seller in the world and while the company saw a decline in revenue last quarter, it also touted 2 billion active devices, which Tim Cook attributed to "a lot of first-time buyers in the case of the Apple Watch."
There's new hope for avoiding the dreaded holiday return line — you can complete some of your returns without getting out of the car or leaving the house.
Why it matters: At a time when some retailers have added return fees or surcharges, others have rolled out convenient options to make returns easier.
The big picture: The co-working space company's current market cap sits below $30 million after filing for bankruptcy protection in November, per Axios' Hope King.
Digital Currency Group CEO Barry Silbert on Tuesday resigned from the board of subsidiary Grayscale Investment, as did DCG president Mark Murphy.
Why it matters: Grayscale and around a dozen other applicants are racing to finalize applications for spot bitcoin ETFs, after the SEC reportedly instructed them to submit any changes before year-end.
Anglo-Swedish pharma giant AstraZeneca will acquire China-based cell therapy biotech Gracell Biotechnologies for $1.2 billion.
Why it matters: AstraZeneca, one of the biggest drugmakers in China, reportedly plans to spin off its business in the region to protect itself from political tensions while retaining control of the business.
Israel's government has awarded a $3.2 billion grant to Intel as part of a $25 billion investment the chip company is making in a manufacturing facility roughly 40 miles south of Tel Aviv, both sides reportedly said Tuesday.
Why it matters: Confirming Prime Minister Benjamin Netanyahu's preliminary June announcement, Intel's increased investment in Israel comes at a tumultuous time for the country's economy amid the ongoing war with Hamas.
Americans send and receive more text messages on Christmas than any other day of the year, according to wireless carrier data shared with Axios.
Why it matters: There are more ways than ever to stay connected. But most Americans opt for good, old-fashioned text messages to spread holiday cheer — and to brag about their newest Christmas gifts.
The holiday tradition of eating Chinese food on Christmas isgoing strong, according to Yelp data shared with Axios.
The big picture: Yelp searches for Chinese restaurants spike every December. Last year, Christmas Day searches were 99% higher than any other day in the month, the platform told Axios.
The big picture: McDonald's, Starbucks and Dunkin' are open but major chains including Chili's, Taco Bell, Chipotle, Olive Garden and Outback Steakhouse are closed for the holiday.
Maersk announced plans Sunday to resume shipments through the Red Sea after suspending operations earlier this month due to missile and drone attacks on vessels in the region.
Why it matters: Maersk was one of several global shipping giants to reroute vessels away from the key commercial route due to the Iran-backed Houthi rebels' attacks from Yemen, but the firm cited the deployment of a U.S.-led multinational maritime security force as the reason why it had decided to return.
Two men were arrested on suspicion of theft of a Banksy traffic sign that went missing in London, England, soon after the anonymous street artist unveiled the artwork, British police said Sunday.
The big picture: London's Metropolitan Police said they're "aware of footage being shared" to social media showing the removal of the stop sign that features three drones, which has been widely interpreted as calling for a cease-fire in Gaza as it's reminiscent of artwork in Banksy's Walled Off hotel in Bethlehem that was established in 2017.
