Consumers are feeling dour, but they're still expected to spend record sums this holiday season — with higher prices pulling much of the sled.
Why it matters: The National Retail Federation and Bain & Co. recently projected separately that Americans will spend more than $1 trillion during the holiday shopping season for the first time.
General Motors is moving its stock listing from the New York Stock Exchange to Nasdaq, home to many of the world's biggest technology companies.
Why it matters: The switch reflects GM's growing emphasis on artificial intelligence, autonomous driving and software-defined vehicles — with potential benefits for shareholders to boot.
Kara Swisher and Scott Galloway are launching a weekly newsletter Nov. 2 called Pivot Post, an extension of their hit business and tech podcast "Pivot."
Why it matters: The newsletter gives the duo another platform to engage fans directly beyond their podcast and live events.
Several well-known philanthropies and local news groups are investing $21 million in a new investment fund aimed at helping local news businesses grow, executives told Axios.
Why it matters: It's part of a broader effort within the local news community to create investment vehicles beyond grants.
Five more thoughts about the Anthropic S-1, after a day of digging in:
1. Cash crunch fallacy? Conventional wisdom has been that Anthropic is going public, in part, because it needs the money. Kind of like why OpenAI is seeking around $30 billion after pushing its own IPO into 2027.
Disruptive, a Dallas-based growth equity firm, has raised $10 billion for its first flagship fund.
Why it matters: This reflects startup ecosystem pushback against special purpose vehicles (SPVs), which is how Disruptive had invested since being founded in 2012.
Formula 1 intends to see its Apple distribution deal through its 2030 expiration date and "hopefully beyond," Derek Chang, president and CEO of F1 owner Liberty Media, told Axios x The Race at an event in Austin last week.
Why it matters: The deal is a major test for sports franchises looking to understand the value in potentially trading broader reach on traditional broadcast for a more strategic distribution opportunity on streaming.
Electric cars have been touted for years as a secret weapon against the growing crunch on America's electricity grid. So why aren't we using them?
Why it matters: As electricity demand surges from AI data centers and manufacturing, millions of parked EVs could help utilities manage power shortages, lower costs and keep the lights on.
Liquid I.V. has named former Poppi executive Jenny Danzi its chief marketing officer, bringing on a veteran beverage marketer as competition intensifies in the powdered hydration category.
Why it matters: Liquid I.V. helped build the category, but Danzi sees an opportunity for growth in turning loyal customers into vocal advocates and making communications central to that strategy.
Five months after launching, the Greater Philadelphia Growth Partnership is putting the region's first shared, data-driven growth strategy into action.
Why it's important: Greater Philadelphia has world-class universities, health systems and research institutions. But its economy hasn't translated those assets into job growth at the same pace as its peers.
Nvidia will invest $3 billion in Meta as part of an expanded partnership that includes closer collaboration on the Muse agent platform, the companies said Tuesday.
Why it matters: A multibillion-dollar Nvidia investment is becoming all but table stakes for serious AI players — a ready source of capital for their breakneck expansion and a guarantee for Nvidia of future revenue streams.
A day after Venezuela's exiled opposition leader returned to Caracas with great fanfare, U.S. Secretary of State Marco Rubio issued a veiled warning against interfering with the country's fragile democratic transition pushed by the Trump administration.
"You're not going to street-protest your way into a democracy," Rubio told reporters Monday without explicitly mentioning María Corina Machado.
Why it matters: Machado's demands for elections next year — and her criticism of a massive U.S. oil deal struck with the current Caracas regime — have put administration officials on edge after her surprise return.
