Soaring jet fuel prices are expected to add $6 billion to Delta Air Lines' fuel bill this year, the company said Friday.
Why it matters: Elevated fuel costs have been driving up fares and prompting airlines to cut flights — changes that could outlast the fuel price spike itself.
SpaceX's plan to compete with the major cell phone service providers is coming into sharper focus — and raising investor concerns about the threat it poses to traditional telecom companies.
Why it matters: Elon Musk has designs on turning SpaceX's Starlink satellite business into a major player in telecom — and he's using the company's massive market position to put his plan in motion.
Why it matters: The data sheds granular new information on a much-contested question: What happened to Americans' real incomes during the post-pandemic period? It featured an exceptionally tight job market and the highest inflation in decades, followed by aggressive Fed rate hikes.
Congress has its best chancein years to pass sweeping permitting legislation, but a series of political and policy obstacles could derail the bipartisan Senate plan.
Why it matters: Cutting hurdles for energy projects is a top priority for fossil fuels and renewables sectors, and major business groups more broadly.
Data: U.S. Bureau of Labor Statistics, FactSet; Chart: Axios/Matt Phillips; Note: Data center construction includes construction costs, such as labor, materials, profits of contractors, architectural and engineering work and miscellaneous overhead, interest and taxes. Does not include servers, racks, chips or memory.
More and more, it seems as if there's the AI economy — and everything else.
Why it matters: The growing chasm between the breakneck growth of the AI world and the slower pace of the economy where most Americans work and live has huge implications, especially for the markets.
Top executives at Anthropic, OpenAI and other AI companies are privately gaming out scenarios for a public and political revolt after a catastrophic AI event.
Why it matters: These officials anticipate a large-scale event, most likely a cyberattack, that shuts down access to financial services, internet connectivity, or even power and water.
The first example of significant real-world harm caused by unsafe AI would turn an already wary public further against the technology and its leaders, including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman, as well as President Trump for his reluctance to regulate it.
