Axios

A perennial pitch in the investment industry comes from firms that claim to give the middle class access to investment strategies hitherto available only to people of great wealth.

The catch: Investing like the ultra-rich is a terrible strategy for most people.

Elon Musk's X, formerly Twitter, was blocked in Brazil early Saturday after the social media platform missed a high court deadline to appoint a legal representative in the country, per multiple news outlets.

Why it matters: The country has ramped up efforts to fight misinformation online as an ongoing fued between Musk and Supreme Court Justice Alexandre de Moraes drags on for months.

Mark and Kathy Swartzendruber "couldn't be happier" with their Chicago house that boasts a yard, a tree-lined street — and just over a third of the square footage of their old place.

Why it matters: With empty nesters hogging family-sized homes, we talked to some who have downsized or are thinking about it.

Brazil's top judge ordered the suspension of X in the country Friday, after owner Elon Musk refused to appoint a legal representative for the social media platform in the country, multiple outlets reported.

Why it matters: The move effectively bans X in Latin America's largest nation, and fuels a standoff between Musk's social media platform and Brazilian Supreme Court Justice Alexandre de Moraes.

Intel's reported discussions with bankers about its future could call into question the company's ambitions to double down on U.S. chip manufacturing.

Why it matters: The company is slated to receive the largest parcel of federal government support to expand domestic manufacturing as part of the CHIPS Act.

PayPal alum Franz Paasche has joined Columbia University as executive vice president for public affairs and communications.

Why it matters: Columbia has been at the center of the free speech vs hate speech controversy sparked by ongoing campus protests related to the Israel-Hamas conflict.

Private equity's sporting ambitions aren't limited to the pro ranks, such as its new deal with the NFL. It's also coming for the kids.

The big picture: U.S. families spend more than $30 billion annually on youth sports, which now operate year-round with a phalanx of professional facilities and staff.

This week, Australia became one of a growing group of countries that give workers the "right to disconnect" — they don't have to respond to after-hours messages or calls from the boss unless it's an emergency.

Why it matters: The always-on work culture that's taken root among knowledge workers can lead to unhealthy levels of stress, harming people's lives outside the office.

Chicago office workers stayed home during the Democratic National Convention last week, according to Kastle Systems' office swipe data.

Why it matters: In the new work reality, employees have the flexibility to avoid the office when the commute gets nasty due to big events.

In her CNN interview Thursday, Vice President Kamala Harris gave her most forceful defense of President Biden's economic record since becoming the Democratic nominee for president.

Why it matters: But in a reflection of her campaign's "move forward" theme, Harris couldn't bring herself to repeat a word that CNN's Dana Bash used to describe the president's approach to lowering unemployment and tackling high prices: "Bidenomics."

Elon Musk's Starlink said Thursday that Brazil's top judge has issued an order that "freezes" the internet satellite business' finances in the country and prevents it from conducting financial transactions in Latin America's largest nation.

Why it matters: Starlink said on X that the action was due to a standoff between Musk's social media platform and Brazilian Supreme Court Justice Alexandre de Moraes.

Kamala Harris said she'd appoint a Republican to her Cabinet if elected in November.

The big picture: CNN's Dana Bash noted to Harris during the vice president's first TV interview as Democratic presidential nominee that aired Thursday evening that there were "a lot of Republican speakers" at last week's DNC and asked whether she'd name one to her Cabinet if elected.

Former President Trump's lawyers asked a federal court on Thursday night to seize the New York hush money case from the state as he seeks to overturn his conviction.

Why it matters: Trump is due to be sentenced on Sept. 18 for his historic conviction on 34 felony counts over falsifying business records in connection with a hush money payment to adult film actress Stormy Daniels over an alleged sexual encounter.

Vice President Kamala Harris told CNN's Dana Bash on Thursday that the Biden administration has done "good work" on the economy, but "there's more to do."

Why it matters: Harris embraced parts of Biden's record during her first sit-down interview since becoming the Democratic nominee and defended her shifting policy positions from her 2020 campaign, saying that her "values have not changed."

Vice President Kamala Harris told CNN during her first formal interview as the Democratic presidential nominee that she would not ban fracking.

Why it matters: Her comments that her "values" on climate remain intact despite backing off key positions in her 2019 presidential run mark the first time she has directly addressed the changes to her positions as the 2024 Democratic nominee.