TGI Fridays filed for Chapter 11 bankruptcy protection Saturday, becoming the latest in a series of once-high-flying casual dining chains to fall into turmoil.
In meetings, on calls and in public moves, CEOs are steeling themselves and their companies for the possibility of four more years of former President Trump.
Why it matters: Trump is keeping a list of CEOs and corporations he believes have wronged him or backed his rivals. Business leaders wary of retribution have been reaching out and playing nice.
A global decline in wine consumption is creating problems for vineyards: there are too many grapes, and there’s too much wine.
Why it matters: The wine industry is adjusting to a new normal — one that leaves the fates of hundreds of long-standing businesses, thousands of acres of land and tanks and tanks of wine hanging in the balance.
The big picture: A festive tablescape, a burning fireplace, and plenty of snacks ensure your guests walk into a five-star experience this holiday season, HGTV "Bargain Block" designer Keith Bynum tells Axios.
Enabled by a softening labor market, employers seem quicker to fire workers these days for seemingly minor infractions.
Why it matters: Little things companies used to let slide — like bending the rules on expense accounts, free food or meal credits — can now land workers on the unemployment line.
Former President Trump filed a complaint with the Federal Election Commission Thursday alleging that the Washington Post illegally contributed to Vice President Harris' campaign.
Why it matters: In the final days of the close election, Trump is targeting the media over routine practices by news outlets.
Public relations firmGolin has appointed Megan Noel as global president, corporate affairs.
Why it matters: Noel's hiring highlights the evolving demands of PR firms, as clients grapple with socio-political matters that impact corporate reputation.
The big picture: Corporate affairs work has become more common within traditional public relation offerings as stakeholder needs grow.
Noel's hiring will support Golin to "modernize and contemporize the offering, to be unique in our industry and to be differentiated from our competition," Golin president and chief operating officer Gary Rudnick, told Axios.
Longtime tech communications lead Jodi Seth has departed TikTok to join Snap as global head of policy communications, Axios first learned.
Why it matters: In this role, Seth will be tasked with advancing the social platform's trust and safety goals.
Details: She joins Snap from TikTok, where she served as global head of corporate & policy communications.
Prior to TikTok, she held various policy comms roles at Lyft, Amazon and Meta.
In her new role, Seth will report to chief communications officer Julie Henderson and oversee the team responsible for policy and regulatory comms as well as the trust and safety portfolio.
What she's saying: "I view my job as helping stakeholders understand what makes Snap unique, the actions we're taking to help parents navigate family life in a digital world and adding Snap's perspective on what the future holds as new technologies like AR go mainstream," Seth told Axios.
The U.S. economy added just 12,000 jobs in October, the government said Friday in the final report before the presidential election.
Why it matters: Disruptions from hurricanes and labor strikes limited job creation, but the unemployment rateheld at 4.1%, a clue the labor market is still solid.
Since the Fed cut rates on Sept. 18, mortgage rates have actually been climbing.
Why it matters: The increase has depressed the beleaguered housing market, as would-be buyers who'd been gunning for lower rates are backing away and waiting it out.
Estée Lauder's stock plummeted Thursday 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.
