Charles Barkley, part of TNT's "Inside the NBA," announced his retirement from TV after Game 4 of the NBA Finals Friday night between the Boston Celtics and the Dallas Mavericks.
Why it matters: ESPN's owner Disney and Warner Bros. Discovery hold the current rights to televise NBA games, but that arrangement expires after the 2024-25 season.
The runaway victory for Elon Musk in the vote on his pay package is further proof that Tesla shareholders have his back as he pursues eye-popping financial targets.
Why it matters: If shareholders had refused to endorse his pay package — initially worth $56 billion — some feared Musk could've pursued his ambitions elsewhere.
Data: Tesla SEC filing; Note: Totals do not include votes cast by Elon Musk and his brother Kimbal, a Tesla board member. Chart: Axios Visuals
The runaway victory for Elon Musk in the vote on his pay package is further proof that Tesla shareholders have his back as he pursues eye-popping financial targets.
Why it matters: If shareholders had refused to endorse his pay package — initially worth $56 billion — some feared Musk could've pursued his ambitions elsewhere.
What they're saying: "We think the news takes a potentially disastrous scenario off the table, in which Musk could have potentially left Tesla, triggering a possible 'brain drain' of top talent, which would have massive implications for the future of the company," CFRA Research analyst Garrett Nelson said in a research note.
The robots are coming for your monthly budget — but for some, that might not be a bad thing.
Zoom in: A clear majority of younger Americans are embracing artificial intelligence as a way to help them achieve their financial goals, according to data released this week by Northwestern Mutual.
Wells Fargo's decision to fire more than a dozen employees for "simulation of keyboard activity" points to a simmering tension in the post-pandemic workplace.
Why it matters: Major employers are using surveillance tools to ensure that no matter where people work, they're at their computers — but polls suggest doing so is risky for morale.
Far-right conspiracy theorist Alex Jones' personal assets will be liquidated to help repay the $1.5 billion he owes to the families of the Sandy Hook Elementary School shooting victims, a Texas bankruptcy judge ruled on Friday, AP reports.
The big picture: The judge later ruled against liquidating Jones' Infowars media platform and its parent company Free Speech Systems.
JDH Capital, the private equity firm identified this week as the latest bidder for Vista Outdoor's ammunition unit, was part of the early consortium with MNC Capital that bid on the same business, Axios has learned.
Why it matters: JDH's solo return to the auction throws another wrench in this increasingly complex sale process.
New York Attorney General Letitia James on Friday said the state recovered $50 million in a settlement agreement with crypto exchange Gemini that will be returned to Gemini Earn customers involved in a multi-firm bankruptcy proceeding.
The intrigue: As part of the agreement, Gemini has agreed to cooperate in the $3 billion fraud case against its former partner Genesis, the now defunct lender's former chief Soichiro "Michael" Moro, as well as Genesis parent Digital Currency Group and founder and chief Barry Silbert.
Sean Jacobsohn's job is to investin promising enterprise software startups. His hobby is to focus on failures.
Catch up quick: Jacobsohn, a partner with Norwest, is founder and "chief historian" of something he calls The Failure Museum, a collection of artifacts from capitalist calamity.
The $50 billion Ukraine is about to receive from the G7 doesn't just represent a military lifeline; it's also a very carefully constructed diplomatic and forensic achievement.
Why it matters: The agreement marks an escalation of the financial war being waged on Russia by the West — and opens up a risk of retaliation that could hit the heart of the Western financial system.
The campaign to organize Starbucks workers helped galvanize a labor resurgence in the U.S., but those efforts hit a roadblock Thursday: the Supreme Court.
Why it matters: There's a lot of momentum in labor's favor these days — positive public sentiment, an energized grassroots, a supportive White House — but the most pro-business court ever threatens to hobble it.
In August 2018, Apple became the world's first trillion-dollar company. Less than six years later, there are now three $3 trillion companies.
Between the lines: Apple shares closed on Thursday at a valuation of $3.283 trillion, just 0.09% higher than the market cap of Microsoft. Still, this marks the first time since January that Apple's closing valuation has been the highest in the world.
Mastercard is opening restaurants, selling perfume and cocktails in its flagship colors, and playing a signature tune at the cash register — all to engage customers' five senses with representations of its brand.
Why it matters: Multisensory marketing is a hot concept in corporate branding, as companies seek to go beyond traditional advertising and PR stunts.
House Oversight Committee Chair James Comer (R-Ky.) launched an investigation into misinformation tracking company NewsGuard on Thursday, citing concerns about "protected First Amendment speech" and "censorship campaigns."
The big picture: NewsGuard is a web extension that uses trained journalists to monitor and rate news and information sites' trustworthiness and it has highlighted issues with both conservative- and progressive-leaning websites.
Microsoft won't include the controversial Recall feature as part of new CoPilot+ PCs that ship next week, the company said Thursday.
Why it matters: Microsoft has faced mounting scrutiny over the feature in both Washington and Silicon Valley — with security and privacy experts warning it could accidentally expose confidential materials, passwords and other sensitive data.
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