Amazon CEO Andy Jassy's cost-cutting projects have been paying off.
Why it matters: The company is in the midst of performing a delicate dance between spending growing sums on AI and managing its expenses wherever it can.
From the silver screen to the wrestling ring, a number of celebrities have endorsed candidates ahead of November's election.
Why it matters: The fodder of fame can motivate fans — such as when singer Taylor Swift's 2023 call to action prompted record-breaking traffic to Vote.org — and shine star power on a campaign.
Estée Lauder's stock plummeted today after the beauty company withdrew its fiscal year outlook and cut its dividend.
The big picture: The retailer is getting roughed up in China, saying "worsened consumer sentiment" there was the primary driver of its 5% quarterly decline in overall organic net sales.
The intrigue: The company on Wednesday announced the promotion of Stéphane de La Faverie to the CEO role, succeeding Fabrizio Freda.
A Pennsylvania lawsuit over Elon Musk's daily $1 million giveaways was put on hold Thursday pending a federal judge's decision on whether or not to take up the case.
CEOs have been keeping their heads down as Election Day nears, but quarterly earnings often require them to come up for air and address investors and the media.
Why it matters: During this quarter's earnings calls and the press interviews that follow, executives could be forced to discuss the election, its outcome and any uncertainty surrounding it.
Private equity firms KKR and Energy Capital Partners announced a $50 billion strategic partnership that will invest in data centers and energy infrastructure for AI expansion.
Why it matters: This is the real AI gold rush, building the agent-agnostic architecture that will support any "above-ground" winners.
Comcast president Mike Cavanagh told investors Thursday the company is considering breaking out NBCUniversal's cable networks into a separate, publicly traded company.
The move could give it more flexibility to focus on scaling its streaming service, Peacock.
Why it matters: Comcast declined the opportunity earlier this year to explore a merger with rival Paramount. Cavanagh implied during an earnings call Thursday that the company would rather consider partnerships in streaming, "despite their complexities."
The Federal Reserve's preferred measure of inflation rose 2.1% in September compared to a year ago, within striking distance of the central bank's 2% target, the Commerce Department said Thursday.
Why it matters: That data, one of the last major reports before the U.S. election and the Fed's policy decision next week, confirms the economy is solid as inflation pressures recede.
In 2018, executives at Ferrara Candy Company set out to make Nerds cool again — the candy that is.
Why it matters: It worked! In 2020, the company released Nerds Gummy Clusters — addictive little chewy gummies coated in pebbles of crunchy sugar bits — that are the It Girls of Halloween candy this year.
Why it matters: B-school is an outlier — women represent the majority of enrollees at law schools and medical schools, and they surpassed men in undergrad enrollment decades ago.
Data: U.S. Census American Community Survey; Map: Axios Visuals
If you're stocking up on candy for trick-or-treaters, you might want an extra bag or two if you live in Plaquemines or St. Bernard Parish.
Why it matters: An Axios analysis of census data shows those parishes have the area's highest concentration of 5-to-14-year-olds, which is prime trick-or-treating age.
In Plaquemines and St. Bernard, kids ages 5-14 make up 15.2% of the population.
They're followed by St. Tammany (13.4%) and Jefferson Parish (12.2%).
The world's biggest digital advertising companies saw significant sales growth last quarter, driving momentum for the U.S. stock market ahead of the 2024 election and foreshadowing a lucrative holiday season.
The big picture: After years of pandemic-driven volatility, the global ad market is finally starting to stabilize this year.
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