Talk of a possible sale of TikTok's U.S. assets to Elon Musk reflects his increasingly powerful stance as a power broker at the nexus of U.S.-China relations.
Why it matters: Beijing-based TikTok owner ByteDance faces a Jan. 19 deadline to sell the video platform's U.S. business or stop updating the app, which would eventually make it obsolete.
Capital One misled customers about their savings account interest rates, "cheating" them out of over $2 billion in interest, the Consumer Financial Protection Bureau alleged in a Tuesday lawsuit.
Why it matters: The agency alleged that millions of customers are affected.
Intel Capital, one of the oldest and most active corporate venture funds in Silicon Valley, will spin off into an independent firm in the second half of 2025.
It was founded in 1991, and has invested more than $20 billion into over 1,800 companies.
Rashida Jones has stepped down as president of MSNBC, Axios has confirmed. Rebecca Kutler, the network's senior vice president of content strategy, has been named interim president.
The big picture: The news comes at a critical moment for the cable network, which has seen audience declines following Trump's November victory.
A chaotic presidential race, the meteoric rise of Elon Musk and the continued Israel-Hamas war drove a modest increase in news engagement in 2024 compared to 2023, according to news consumption data across social media, online news websites and cable news channels.
Why it matters: It's unlikely U.S. news consumption levels will ever reach pandemic-era highs, but year-over-year gains show how much a major election can get people to tune back in.
Imitation is the sincerest form of flattery, and flattery is one of the quickest ways to Donald Trump's heart.
Why it matters: That's the easiest way to understand what we saw yesterday from Cleveland-Cliffs CEO Lourenco Goncalves, who for nearly two hours spoke and took questions during a rambling press conference that veered from bravado to xenophobia to attacks on the press.
Once seen as saviors to a dying industry, some billionaire media owners are now facing a backlash from their newsrooms.
Why it matters: President-elect Trump's victory has prompted wealthy executives to reconsider their resistance to the MAGA movement. Journalists say they're pandering to power by meddling with important work.
Zoom in: By adjusting the tax brackets — as the IRS does every year — it is attempting to stop "bracket creep," which happens when inflation pushes taxpayers into a higher income tax bracket without an increase in real income.
President-elect Trump will remotely address heads of state and CEOs at the World Economic Forum next week, days after he officially takes office.
Why it matters: Top government officials and business executives flock to Davos, Switzerland annually to discuss the globe's economic issues. This year, Trump's agenda and how such policies will ripple around the world will consume attendees' attention.
Orchid Security is emerging from stealth today with $36 million in seed funding led by Team8 and Intel Capital, the startup first shared with Axios.
Why it matters: The U.S.-Israeli startup is shepherding a new way of tackling age-old user identity and password security problems, which continue to cause headaches for major companies.
Meta and Google are expected to be the biggest beneficiaries of a U.S. TikTok ban financially, according to a new analysis from eMarketer.
Why it matters: The growth of TikTok and retail giant Amazon has put real competitive pressure on Google and Meta, which for years have owned more than half of the U.S. advertising business.
Donald Trump is about to become the oldest person ever sworn in as president — but he hopes to have the youngest group of top Cabinet officials and advisers of any president in more than three decades.
Why it matters: Even as he's sought to regain his grip on power, the once and future president has tried to build the next generation of his MAGA movement, as seen in his choice of JD Vance, 40, as his vice president.
Greenland is seeking to work more closely with the U.S. on defense and mining, Prime Minister Múte Egede said at a Monday briefing, per local media.
Why it matters: House Republicans introduced a bill Monday that's designed to allow President-elect Trump to enter into negotiations with Denmark to acquire Greenland, an autonomous territory that's part of the Danish kingdom.
Employee engagement — the involvement and enthusiasm employees feel toward their work and workplace — is at a 10-year low, per a Gallup survey out Tuesday.
Why it matters: Workers had a rough 2024. Many of them felt stuck in jobs as hiring slowed, while others were forced back to the office full-time or felt a spun out by a lot of internal restructuring.
Southern California Edison is being sued by residents and businesses impacted by the Eaton Fire, who allege the Los Angeles utility's equipment may have started the deadly blaze.
The big picture: It's among multiple wildfires that have erupted across the L.A. area since last week amid extremely dry conditions and powerful Santa Ana winds, and the National Weather Service has issued a rare "Particularly Dangerous Situation" red flag warning that's set to last until Wednesday.
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