Why it matters: Easing mortgage rates offer house-hunters some relief. But experts say it's going to take a bigger drop to revive the sluggish home market.
Elon Musk and Rep. Marjorie Taylor Greene (R-Ga.) on Wednesday both took to X to share a rumor that police later called false about an explosive device was discovered near the Long Island site where former President Trump is set to hold a rally Wednesday night.
Why it matters: The rumor surfaced just days after Trump was targeted in an apparent second assassination attempt and further underscored the security concerns that have permeated the 2024 presidential race.
Backward-looking economic data shows America's job market is slowing. Future plans at some of the nation's biggest corporations show the slowdown might continue, according to survey results shared first with Axios.
Why it matters: Once the labor market starts cooling, it typically continues. The central question for the economy is whether this time will be different.
Disney and the Starlight Children's Foundation are honoring Hispanic Heritage Month by providing new Encanto-themed hospital gowns and pants to children's hospitals across the country.
The big picture: The non-profit that aids hospitalized children and their families tells Axios Latino that patients this month will receive special gowns featuring "Encanto" characters Mirabel, Antonio, and Isabela.
Prices that skyrocketed during the inflation crisis likely won't come down — but with the Fed finally cutting rates, the cost of borrowing money soon will.
Why it matters: For the first time in about a half-century, Americans have faced a double whammy of high inflation andhistoric rates for credit cards, auto loans and more.
All seven independent directors of 23andMe resigned on Tuesday night, in a stunning rebuke of CEO Anne Wojcicki's efforts to take the genetic testing company private.
Zoom in: Among those quitting were longtime VC backers of 23andMe, like Sequoia Capital's Roelof Botha and xFund's Patrick Chung.
Here's a stunning stat: Only 12% of chief financial officers say that now is a good time to take greater risks, according to a Deloitte survey out Wednesday morning.
Why it matters: This could be an indicator of an economic slowdown to come.
Private equity's expanding role in billing, tracking and collecting payments for health care is exacerbating America's medical debt problem, a new report from the Private Equity Stakeholder Project concludes.
Why it matters: PE-owned "end-to-end" service providers squeeze consumers at both ends, pushing medical credit cards and installment payment plans while aggressively pursuing debt collection.
Amazon's hard-core move to push employees back into the office five days a week is a signal that — in the tech sector at least — employers have regained some leverage over workers.
Why it matters: The labor market has weakened. The rank-and-file mostly don't want to be in the office for a full work week — but in a looser labor market, their opinions matter less.
Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection in Delaware on Tuesday.
The big picture: The 78-year-old U.S. multinational firm that's known for its sales parties across the world is seeking court approval to continue operating during the proceedings and "facilitate a sale process for the business," per a company statement announcing the filing.
Election officials in at least 15 U.S. states have been targeted with suspicious packages, and several secretaries of state reported Tuesday being mailed letters containing white powder.
The big picture: The FBI and U.S. Postal Inspection Service are "investigating a series of suspicious mailings sent to election officials in several states," per a joint statement from the agencies Tuesday evening. "Some of the letters contained an unknown substance."
People who work from the office have a decided edge on those who don't, according to a new survey of CEOs.
Why it matters: Companies like Amazon are requiring staff to come back to the office, while others are still giving the option to continue remote work.
Former President Trump vowed Tuesday to "get SALT back" if re-elected in November.
Why it matters: Trump's pledge on Truth Social suggests he plans to roll back a key piece of legislation that he signed into law as part of a 2017 tax package that lowered corporate rates.
