Elon Musk's proposed new political party has some hurdles to clear before it becomes a reality.
The big picture: The call for a third political party isn't new, and it's been done before to varying success. But experts agree that it will require a herculean effort from Musk to make the so-called "America Party" successful.
Starbucks is giving its classic Frappuccino a modern twist for the blended beverage's 30th anniversary.
Why it matters: The Seattle-based coffee giant is trying to return to its roots by simplifying its menu and reestablishing its cafes as community coffeehouses under the "Back to Starbucks" plan.
America's babies are becoming investors, each to receive $1,000 seed accounts via the reconciliation bill signed last week by President Trump.
Why it matters: This could expand financial flexibility and literacy for future generations, given the power of compound interest, albeit on the dime of current taxpayers.
I'm Madison Mills, the new senior markets reporter here at Axios, where I'm covering everything from why stocks refuse to go down to why investors are ignoring tariff risks.
The big picture: I'll be writing your daily Markets newsletter, getting you caught up on everything you need to know about what's driving financial markets.
Zoom in: I'm obsessed with finance and turned this into a career as an anchor and a reporter for Bloomberg, Yahoo Finance, and now, Axios.
I talk markets on social media, too, and hope you'll find me there to continue the conversation.
The bottom line: I'd love to hear your questions, feedback or tips, so feel free to email me at [email protected] or just reply to the newsletter when it hits your inbox. Can't wait to nerd out on markets together.
Investors just got three extra weeks to decide if they need to care about tariffs again.
But Wall Street's tariff optimism could be tested if President Trump picks tougher trade negotiation tactics over markets in the month ahead.
Why it matters: How tariff negotiations unfold amid the new extension could either confirm the TACO trade, or signal that high levies are a risk investors need to account for again, which could threaten the rally that's driven stocks to fresh all-time highs.
Tesla shares fell sharply again Monday, as Elon Musk's split with the Trump administration deepened over his threats to launch a new political party.
Why it matters: Musk is personally out nearly $20 billion since breaking with President Trump last month, and his investors are out more than $100 billion on top of that.
The White House promised a summer of tariff clarity. Now it looks like it might be another season of confusion.
Why it matters: The rules of global trade in the Trump era are just as hazy now as they were in early April, when the White House suggested "90 deals in 90 days" that would ease the uncertainty.
Sen. Bill Cassidy (R-L.A.) unveiled a bill on Monday that would make it easier for companies to offer benefits to gig workers without making them full-fledged employees.
Why it matters: As more Americans turn to gig work and self-employment, there's a growing push to get them access to things like paid sick leave, health insurance and retirement benefits.
"Choppy" is the new buzzword for investors who view "uncertainty" as a rearview problem.
Why it matters: Consensus is building around a bullish path to the year-end, but that bullishness has an asterisk: Investors should expect headline-driven volatility to be a feature, not a bug, for this bull market.
President Trump said Sunday night any country "aligning themselves with the Anti-American policies of BRICS" will be charged "an ADDITIONAL 10% Tariff" and there'll be "no exceptions to this policy."
Why it matters: While Trump didn't elaborate further, BRICS issued a statement hours earlier saying the 11 nations-strong bloc that includes Brazil, Russia, India and China had "serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade," which it said was "inconsistent with" World Trade Organization rules.
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