Why it matters: Trump's announcement on social media Monday night that he will slap a 25% tariff on all Canadian and Mexican imports on the first day of his term was both a warning about the direction trade policy will take and a reminder of the perils of taking his words too literally.
The internet has been inundated witha press tour moment from the film "Wicked" that's been memed around the world: ActressCynthia Erivo, overcome with emotion, shares she's stunned to hear people have been taking lyrics from the "Wicked" song "Defying Gravity" and "really holding space with that."
The big picture: If that sounds like gibberish, you're not alone.The meaning of "holding space" — a way of creating judgement-free, safe spaces for healing — was lost on many social media users, but spoofs of the early-November interview became a yellow brick road to viral status.
Why it matters: X in a Monday court filing argued that its users don't own their accounts and those accounts can't be sold or transferred to a third party without X's permission.
Starbucks is the latest retailer to have its operations ensnarled as part of an ongoing ransomware attack targeting a massive software provider, the company confirmed Tuesday.
Why it matters: The coffee retailer has had to manually track the hours that employees work this week to ensure they're paid properly.
As retailers prepare to kick off the busiest shopping season of the year, they'll also have to keep an eye out for a wave of AI-enabled bots flooding their websites, making fraudulent purchases and trying to steal consumer information.
Why it matters: Detecting bot attacks in the moment is difficult because their activity often looks exactly like a typical consumer's.
Hearst projects it will earn $12.8 billion in top-line revenue this year, up from $11.95 billion in 2023, CEO Steve Swartz told Axios in an interview.
Why it matters: For the first time in the company's 137-year-history, more than 50% of Hearst's profits will come from professional products, not consumer-facing newspapers, magazines and TV stations.
Ad tech, marketing tech and digital content deals are surging to the highest point since the first half of 2022, shortly after the 2021 advertising boom.
Why it matters: The recent M&A uptick stems from a comeback in digital ad spend and increased attention on the companies supporting these media channels to simplify the market.
Walmart is on a roll, reeling in shoppers who previously spurned the retailer, pounding rival Target and mounting a serious challenge to Amazon's digital turf.
Why it matters: Already the world's biggest company by revenue, Walmart is nonetheless growing and transcending its previously down-market reputation.
President-elect Trump is considering naming an AI czar in the White House to coordinate federal policy and governmental use of the emerging technology, Trump transition sources told Axios.
Why it matters: Elon Musk won't be the AI czar, but is expected to be intimately involved in shaping the future of the debate and use cases, the sources said.
Federal prosecutors charged Ken Leech, one of the world's best-known bond fund managers, with a $600 million fraud on Monday.
Why it matters: Leech, the former co-chief investment officer of Western Asset Management Co. (WAMCO), was long known as "the other bond king" (besides Bill Gross) for his influence over the fixed-income market.
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