Tesla CEO Elon Musk said Thursday that he expects the company will need to build a chips factory to fulfill its ambitions to build self-driving cars and humanoid robots.
Why it matters: Tesla's move would be highly unusual, with most advanced chip manufacturing handled by a handful of fabricators like TSMC, Samsung and Intel.
SpaceX could eventually become a public company, Elon Musk said Thursday.
Why it matters: Often listed as one of the most valuable private companies in the world, SpaceX has spurned the public markets so far, remaining privately held by Musk and its investors.
The big picture: The Federal Aviation Administration has announced it will forcibly reduce the number of flights by 10% at 40 major U.S. airports, including Sea-Tac, Seattle port commissioner Sam Cho wrote in a statement Thursday.
Nearly half of the United States could catch a glimpse of the Northern Lights on Thursday night into Saturday.
Why it matters: It's shaping up to be one of the strongest geomagnetic storms of the year, offering a rare opportunity to see the Aurora Borealis as far south as Indiana.
Why it matters: The unusual measure comes as air traffic controllers go unpaid and staffing shortages plague FAA facilities nationwide, triggering slowdowns at airports coast to coast.
Hulu's new show "All's Fair" is anything but fair to divorce attorneys, according to one family law expert.
The big picture: Ryan Murphy's latest legal series aims to spotlight strides women are making in the real world — but one female divorce lawyer says portraying them as catty and vengeful reinforces tired tropes.
U.S. holiday spending is set to top $1 trillion for the first time this year, the National Retail Federation said Thursday in its annual holiday forecast.
Why it matters: The forecast stands out as a bullish call on the economy, amid stubborn inflation, new tariffs and a government shutdown that could sap spending.
Communication leaders have made an effort to unpolish their CEOs, but some of these top executives are taking the need for authenticity a little too far.
Why it matters: The balance between personality and precision is hard to grasp, and over-indexing on either can affect a company's reputation.
The Federal Aviation Administration's (FAA) planned flight cuts and reductions in response to the ongoing government shutdown could strand air travelers across the country.
Why it matters: The FAA plans to reduce 10% of flights at 40 major U.S. airports, suggesting delays and cancellations are coming, on top of the staffing headaches already plaguing airports.
Peloton is recalling about 833,000 units of a Original Bike+ model following reports that seat posts broke on some bikes, causing users to fall off.
The big picture: Peloton issued a voluntary recall of its Bike+ model after three reports of injuries, all involving users who were taller than 5'10" and weighed more than 250 pounds, according to Canada's national health department.
Snap will receive $400 million in cash and equity in Peplexity, as part of an agreement whereby Snap will incorporate Perplexity's AI search engine into Snapchat next year.
Why it matters: For Snap, it's a new business line that it seems eager to replicate. For Perplexity, it's a giant distribution boost. For everyone, it feels like a step toward sponsored AI and, possibly, agentic commerce.
The Supreme Court on Wednesday heard oral arguments on a challenge to President Trump's tariff powers, with even conservative justices sounding skeptical of the White House's position.
The big picture: You can't divine a SCOTUS ruling from questions, or even their tone, but the odds have definitely shifted against this type of executive authority.
Penn Entertainment and ESPN are ending the relationship that underpinned ESPN Bet — and the struggling sportsbook will be renamed.
Why it matters: ESPN Bet underperformed expectations since its launch in 2023, failing to capitalize on its high-profile branding in a competitive landscape dominated by the likes of DraftKings and FanDuel.
Carbon removal startup Avnos has landed $17 million in project finance from Shell and Mitsubishi Corp. to build a "commercial demonstration" plant, the company first told Axios.
Why it matters: Avnos says its approach pulling CO2 and water from the atmosphererequires far less energy than other direct air capture methods, and produces lots of usable water.
Democrats' pocketbook pitch on energy prices handily won in Tuesday's elections, while President Trump and Republicans re-upped their 2024 playbook focused on identity politics.
Why it matters: The bellwether elections hint that the president's economic agenda and fixation on cultural wars may drag Republicans down in the 2026 midterms.
Zohran Mamdani, a democratic socialist, is the mayor-elect of New York City, often called the financial capital of the world.
Why it matters: While it may still hold that title, New York is increasingly no longer the city with the highest job growth for financial services. Other cities are attracting firms and talent.
Americans are being monitored more closely by private companies than by government, and should worry about that rather than a new "surveillance state," Palantir co-founder and CEO Alex Karp told "The Axios Show."
Why it matters: Palantir, which sells software for AI-driven decisionmaking, has become a target for some in both parties who worry about a too-powerful government.
Wall Street analysts are stuck in outdated, favoritism-driven ways of thinking and can't understand the success of companies like Palantir, co-founder and CEO Alex Karp told Axios' Mike Allen on "The Axios Show."
The big picture: The tech company's stock slid about 5% over the last week after a ferocious run in recent years — with a 267% rise in the past 12 months alone.
Amazon is testing a robot-powered "store within a store" at a Whole Foods Market near Philadelphia, merging the grocer's organic offerings with Amazon's regular brands — and a promise of speed.
Why it matters: The move underscores Amazon's ongoing effort to refine its grocery strategy — even as it generates more than $100 billion in annual grocery sales.
Nvidia CEO Jensen Huang has sounded his loudest alarm about the U.S. falling behind to China on AI, telling the Financial Times that "China is going to win the AI race."
Why it matters: The trillion-dollar bet on AI's success, pushed by the Trump administration, hinges in large part on Nvidia, the dominant maker of chips for AI computing.
Huang's warning reflected an apparent frustration with mounting calls for regulation in the U.S.
