You've heard it before. Financial literacy is a must-have in and out of business.
Okay, but: A recent Xero survey of 1,201 self-employed small business owners across the U.S. proves just how critical it is to starting and maintaining a successful business — especially for younger generations.
Caroline Ellison was sentenced on Tuesday to two years in prison by a federal judge in New York, for her role in the FTX cryptocurrency scandal.
Why it matters: Ellison arguably was the most important witness in the prosecution of FTX founder Sam Bankman-Fried, and her relatively lenient sentence reflected her cooperation.
The author of the popular children's book "Stella," which focuses on the adventures of a young child of color, has released a new addition.
Why it matters: Clothilde Ewing is publishing her third book, "Stella and Roger Can't Wait to Grow Up" (Simon & Schuster) on Tuesday, telling Axios she is fulfilling a promise to keep creating joyful stories where children of color can see themselves.
Koch Inc.'s private equity arm is in ongoing talks on a bid to buy Forbes in partnership with another individual investor, sources told Axios.
Why it matters: Koch Equity Development (KED) has a history of successful media investments, including its 2017 deal to back Meredith's acquisition of Time Inc. with $650 million and its 2018 and 2019 investments in Getty Images worth $550 million.
Telegram CEO Pavel Durov on Monday said his company will provide some user data, including IP addresses and phone numbers, in response to valid legal requests.
Why it matters: The move marks a major departure from Telegram's long-held position of siding with user privacy and free speech above broader safety and security concerns from government or law enforcement officials.
Hiring platform Greenhouse wants to make job hunting less frustrating for workers by spotlighting companies with good recruiting manners — such as not ghosting applicants and showing up prepared to interviews.
Why it matters: The job search process for both employees and employers has become more difficult amid a rise in spam applications, job posting scams aided by AI, and an explosion in AI-generated candidates and resumes.
The last full-size Kmart store in the continental U.S. is set to close in October, marking the end of the line for the retailer once known for its "Blue Light Specials."
Why it matters: After the Bridgehampton, New York store closes, there will be a small Kmart in Miami and a handful of stores in Guam and the U.S. Virgin Islands.
Beginning next month, The New York Times will make its audio subscription available for purchase through Apple Podcasts and Spotify.
The big picture: More publishers, including Vox Media and The Economist, are experimenting with paywalled podcasts as part of broader efforts to grow their subscription audiences.
There's another big divide emerging in this election. This time it's between voters and economists, finds new polling from the Wall Street Journal.
Why it matters: In their presidential campaigns, both Kamala Harris and Donald Trump are proposing economic policies that are really popular with voters. Mainstream economists, meanwhile, find these ideas "appalling," the Journal notes.
Buying secondhand items is "becoming a norm and mainstream," Eileen Fisher CEO Lisa Williams told Axios on Monday.
Why it matters: After years of "revenge spending" in the aftermath of the pandemic, some Americans say they've been turning away from overconsumption and focusing more on sustainability.
Amazon is striving to decarbonize parts of its business globally in an effort to progress its climate goals, chief sustainability officer Kara Hurst told Axios' Niala Boodhoo at Axios House Climate Week/UN General Assembly in New York City on Monday.
Why it matters: The company runs one of the biggest logistics and transportation networks in the world.
