Boeing overwrote security camera footage of repair work on the door plug of an Alaska Airlines 737-9 plane that failed during a flight in January, federal inspectors said Wednesday.
Why it matters: The National Transportation Safety Board said in a letter to the Senate Committee on Commerce, Science, and Transportation that the missing footage is hampering its investigation into the accident.
Move over, Stanley cups. Trader Joe's mini tote bags are the latest product to go viral and end up on the resale market for hugely marked-up prices.
The big picture:Trader Joe's confirmed to Axios on Wednesday that the $2.99 mini canvas bags "sold more quickly than we anticipated" and before the retailer promoted them.
Dollar Tree shares plummeted over 14% today after the retailer announced plans to close about 970 Family Dollar stores and 30 Dollar Tree locations over the next several years.
Why it matters: The closures represent a reversal of the retailer's rapid expansion — which included buying Family Dollar in 2015 — and the following scrutiny over product safety issues in recent years, write Nathan and Axios' Kelly Tyko.
Why it matters: Young and several other artists removed their music from Spotify over two years ago to protest the company's handling of COVID-19 misinformation — particularly through Joe Rogan's podcast.
Global megastar Bad Bunny has filed a copyright infringement lawsuit against a fan who recorded and uploaded footage of his Salt Lake City concert on social media.
Why it matters: The outcome of the lawsuit could have a chilling effect on concert-goers who are thinking about posting videos of their favorite musicians online.
A botched photo editing job has captured the world's attention, thrusting conspiracy theories typically reserved for message boards and blind items into the mainstream discourse.
Why it matters: The Royal Family's recent PR blunders show that there's no place for vague communications during the age of social virality and misinformation.
Austin-founded athleisure brand Outdoor Voices is shuttering retail stores nationwide and moving online, several former employees told Axios.
Why it matters: Outdoor Voices took a big bet with prime locations in many of the country's fastest-growing cities, but the storefronts were short-lived, some lasting only a year or two.
Ashley Home Furnishings last week announced an acquisition of Resident Home, an Indiana mattress maker that primarily sells via direct digital marketing.
The big picture: Few media outlets picked up on it, likely because Ashley neglected to mention that it paid nearly $1 billion.
New data is calling into question whether the U.S. economy will return to the pre-pandemic benchmark of 2% inflation anytime soon.
Why it matters: The so-called "last mile" of the Fed's inflation fight was always going to be hard. But at least a few economists think 3% could well become the new normal.
How much is an office building in a big city worth these days? No one really knows.
The big picture: Investors have been poised to pounce on depressed office properties for a while now, but there hasn't been much opportunity for actual deal-making.
