While the world is focused on President-elect Trump's top-level appointments, the crypto industry might want to watch some government jobs farther down the ladder.
Why it matters: The people in lower profile positions often end up hammering out the crucial policy details that matter for years, or even decades.
Nvidia shares have entered correction territory,but investors shouldn't panic just yet. They're still up nearly 170% on the year.
Why it matters: Nvidia has morphed into one of the most crucial stocks on the market as its momentum reflects the health of the AI economy.
By the numbers: The stock closed today at $130.39, down over 14% from its intraday high on Nov. 21.
A correction is defined as a 10% drop from a recent high.
What they're saying: Analysts are still largely positive on the stock, though some investors are waiting to see the company ramp up production of its new Blackwell chips, Barron's notes.
First came fries, now come chicken nuggets at Taco Bell, which is looking more and more like the Golden Arches these days.
State of play: The Yum Brands fast-food brand is debuting Crispy Chicken Nuggets beginning tomorrow, taking a page out of the menus of its burger chain rivals.
Yet even with nuggets, the chain is living a little más. 🌶️
Zoom in: The all-white-meat nuggets are "marinated in zesty jalapeño buttermilk flavor and breaded with a blend of breadcrumbs and crunchy tortilla chips," Taco Bell says.
They'll come with Hidden Valley Fire Ranch Sauce, a new "signature" Bell sauce or Jalapeño Honey Mustard.
The Biden administration said Tuesday it concluded that unrestricted liquefied natural gas exports will increase greenhouse gas emissions and cause gas prices to rise.
Why it matters: The long-awaited Energy Department study — which coincided with a controversial pause on issuing LNG export licenses — details potential harms of shipping out U.S. gas as exports have dramatically increased.
The messy legal battle between United Talent Agency and Michael Kassan will be a hot topic of industry conversation next month as Kassan plans to debut his rival firm, 3C Ventures, at the Consumer Electronics Show, sources told Axios.
Why it matters: CES will serve as an informal coming-out party for Kassan's new venture — and an opportunity for MediaLink to showcase its relevance without him.
One of the final major indicators of the year suggests a mixed narrative about consumer health during the holiday season: Spending is growing, but shoppers might be opening their wallets a bit more cautiously.
Why it matters: Consumer spending helped buoy the resilient economy in 2024, and any apparent slowdowns proved to be head fakes. But there is no guarantee it will continue in the months ahead.
News organizations are on high alert after President-elect Trump filed yet another defamation lawsuit on Monday — and vowed to continue suing new outlets and influencers over their coverage.
Why it matters: While there are political levers that Trump can pull to target media companies, harassment campaigns and lawsuits that drain companies of time, money, resources and trust are often easier and just as punitive.
Theaters across the country have been packed with "Wicked" fans of all ages: The film set a record for the biggest opening weekend for a Broadway adaptation with its $114 million domestic debut.
The big picture: While the world of Oz enthralled young audiences, the book on which it's based — with its vast worldbuilding, complex character development and social commentary — does not have the same target audience as the film or musical.
President-elect Trump on Monday sued the Des Moines Register and its top pollster for"brazen election interference" and "fraud" over a poll the newspaper published showing him on track to lose Iowa in the 2024 presidential election, according to the complaint.
Why it matters: The new lawsuit is a part of Trump's broader effort to target media companies with legal action for coverage he believes is unfair.
Refinery29 has quietly laid off staff and its CEO is out as the media company closes in on eight months under new ownership, Axios has learned from sources familiar with the situation.
Why it matters: Once one of the most promising female-focused digital media outlets, Refinery29 has continued to shrink.
The big picture: More than 119 million Americans are projected to travel during the Christmas and New Year's holiday period, narrowly surpassing the previous record set pre-pandemic in 2019, per AAA.
You can get an electric vehicle for very close to free.
Why it matters: The environmental benefits of EVs notwithstanding, demand for smaller vehicles remains muted — and regulations are causing some automakers to offer aggressive incentives to get them off the showroom floor.
The situation at the Washington Post is so dire that two candidates to run the paper — Cliff Levy of the New York Times and Meta's Anne Kornblut, a former Post editor — both withdrew from consideration for the top newsroom job over the paper's strategy, sources involved in the process say.
Why it matters: The Post is scrambling to find a new executive editor, the chair once held by Ben Bradlee, amid shrinking paid readership and revenue. Publisher and CEO Will Lewis, handpicked by owner Jeff Bezos to save the Post, hasn't impressed the candidates with his vision for the future, the sources tell us.
Renters in the U.S. spent an extra $3.8 billion last year because of pricing algorithms used by landlords, according to an analysis from the White House Council of Economic Advisers first shared with Axios.
Why it matters: The report puts some hard numbers to accusations that have piled up against RealPage, a company that makes software that helps big landlords and property managers set prices.
