U.S. stocks finished their worst week in five years with a historic two-day rout, as the realities of President Trump's tariff plan left investors stunned and fearing what comes next.
Why it matters: As opposed to Trump's first term, when sharply negative market moves often influenced him to pull back policy, in the second Trump administration markets are on their own.
G/O Media has sold business news brand Quartz and commerce site The Inventory to Canadian software firm Redbrick, Axios has learned.
Why it matters: This deal marks the fourth ownership change for Quartz over the past seven years. It also represents further erosion of G/O Media as it offloads nearly all of its assets.
President Trump on Friday announced that he again would delay the ban on TikTok, scheduled for tomorrow, despite not having made a deal with the app's Chinese owner, ByteDance.
Why it matters: TikTok is used by millions of Americans, for both entertainment and livelihoods.
Foreign arrivals into major U.S. airports tumbled in mid-to-late March compared to the same time last year, based on customs pass-through data.
Why it matters: The findings suggest a sudden reluctance to visit the U.S. isn't a purely Canadian phenomenon and should sound alarm bells for the country's $1 trillion-plus travel industry.
Brookfield Infrastructure Partners on Friday agreed to acquire the Colonial Pipeline, which stretches 5,500 miles from Houston to New York, for around $9 billion (including debt).
Why it matters: Scarcity. There are tons of government hurdles to building new pipelines in the U.S., despite Trump's all-in energy policies, and tariffs could make new construction even more daunting.
Elisa Schreiber has departed Greylock Partners to join early-stage venture capital firm Felicis Ventures as its first chief marketing officer, Axios first learned.
Why it matters: VC comms and marketing can be difficult because all firms are offering the same product at their core — and that's capital.
China will impose 34% tariffs on all U.S. goods and also restrict exports of critical minerals, the nation's finance minister said on Friday.
Why it matters: It's a steep escalation in the U.S-China trade war, following President Trump's reciprocal tariffs on one of America's largest trading partners.
If you're thinkingaboutselling your house, you may want to act fast.
The big picture: The "best time to sell," per Zillow researchers, depends on where you live. For much of the U.S., home-sellers who list in the spring make more money on the sale than they would any other time of the year, according to multiple industry publications.
President Trump is betting his presidency on the biggest instant, unilateral, by-choice-not-necessity economic mandate in U.S. history.
Why it matters: He's gambling that generations of politicians, economists, CEOs, small-business owners, academics and even some of his own staffers are wrong — and that he's right.
And he's doing it with an issue that hits every American.
The crypto world's most promising application is bursting into the financial mainstream — powered not by hype, but by regulation, political backing, and trillions in real-world transactions.
Why it matters: Memecoins, fraudsters and crypto volatility have overshadowed the quiet success of stablecoins — digital tokens designed to hold a steady value, typically pegged to the U.S. dollar.
The Heritage Foundation is going to acquire the Abraham Accords Peace Institute (AAPI), which was established by President Trump's son-in-law and former senior adviser Jared Kushner, according to a statement shared with Axios.
Why it matters: The move by the conservative think-tank, which is considered highly influential on Trump administration policies, could reenergize the efforts to push for new normalization agreements between Israel and the Arab world — something the president has said he wants to do.
Elon Musk will "stay for a certain period of time" at the White House but is "going to want to get back to his business" after directing DOGE, President Trump told reporters Thursday.
The big picture: Trump's comments mark the first time he's provided a loose end date for the departure of SpaceX and Tesla CEO Musk.
