The Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy bipartisan negotiations.
Why it matters: The GENIUS Act, which was nearly derailed when Democrats had an internal blowup about President Trump's growing cryptocurrency empire, represents one of the rare instances of bipartisan compromise this Congress.
JetBlue plans to reduce its capacity and cut unprofitable routes as the travel industry grapples with a slowdown in demand fueled by economic concerns.
Why it matters: JetBlue has already been struggling to regain its footing after its plan to merge with Spirit Airlines was blocked by a federal judge in 2024.
Supporters of the Tron blockchain, the $26 billion network founded by Justin Sun, the crypto billionaire who ate the multi-million dollar banana, looks set to take over a public company in the U.S.
Why it matters: Tron is a top-10 blockchain, but it's a project that — like its founder — has been mired in controversy, making it an awkward target for mixing into traditional portfolios.
Chase, the largest credit card issuer in the United States, is hiking the annual fee of its Sapphire Reserve credit card from $550 to $795, the company said Tuesday.
Why it matters: Premium credit card perks are getting glitzier and pricier, as high-end plastic competes for high-status customers.
JPMorgan CEO Jamie Dimon said on Tuesday that chief executives should maintain key investments — including workforce initiatives — as businesses grapple with historic policy uncertainty.
Why it matters: White House trade policy and up-in the-air tax legislation has muddled the economic outlook for small and large businesses, with many hesitant to make investment decisions in this environment.
Conventional wisdom is that now is a terrible time for private market investors to launch first-time funds. But that isn't stopping a slew of folks from trying.
The big picture: Limited partners are seeing a wave of general partners spinouts, and many expect that the trend will outpace industry consolidation, according to a recent Coller Capital survey.
Applied Intuition, a Silicon Valley maker of an embedded intelligence platform for autonomous vehicles, raised $600 million in Series F funding at a $15 billion valuation led by BlackRock and Kleiner Perkins.
Why it matters: Self-driving is the present, not the future, as evidenced by over a thousand Waymos on the road in major cities and Tesla's upcoming robotaxi launch in Austin.
American shoppers slowed spending in May, as retail sales fell 0.9% last month, the Commerce Department said on Tuesday.
Why it matters: The worse-than-expected figures come after consumers splurged on autos and other goods in recent months to beat tariff-related price increases.
The International Energy Agency is sticking by its controversial view that global oil demand growth will end this decade, even dipping slightly in 2030.
Why it matters: The timing of a peak — and more importantly, the slope of any decline — affects everything from emissions to investment strategies.
A business-backed group with GOP ties is dropping ads in conservative media that urge six Republican senators to preserve IRA energy tax credits.
Why it matters: The $1.5 million buy — details of which were shared exclusively with Axios — expands the new coalition Built for America's Trump-focused campaign to defend the IRA on MAGA grounds.
Some of the most "American-made" vehicles you can buy carry foreign nameplates, per a new Cars.com survey, underscoring the complexity of the global auto industry.
Why it matters: The report, now in its 20th year, is more relevant than ever, landing amid rising geopolitical tensions over trade and tariffs.
Working 9 to 5 was once a way to make a living, in the parlance of Dolly Parton, but the workday today? It never ends.
Why it matters: That's the startling finding of a report out Tuesday from Microsoft on the "infinite workday," which starts before many knowledge workers get out of bed, ends late at night and stretches into the weekend.
Candle Media co-CEO Kevin Mayer said the Blackstone-backed media company plans to sell or IPO its individual brands rather than the overall company.
Why it matters: The strategy marks a departure from Candle's original plan and exemplifies growth potential for diversified individual brands versus holding companies.
Lockheed Martin has appointed Jalen Drummond as vice president of corporate affairs and international communications, Axios is the first to report.
Why it matters: Drummond is the most recent Trump-adjacent communications hire within corporate America, as the nation's top companies grapple with how best to navigate the new Washington.
Amazon is doubling the length of Prime Day this year from two days to four — the longest sale in the event's history.
Why it matters: This year's Prime Day is forecast to be one of the year's biggest shopping events. Billions of dollars are projected to be spent at Amazon and other retailers that are expected to run competing sales.
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