Apr 18, 2018 - World

ZTE delays earnings report as it assesses impact of U.S. ban

Ina Fried, author of Login

A U.S. ban will make it tough for ZTE to compete in the global smartphone business. Photo: ZTE

Chinese telecom firm ZTE is delaying this week's scheduled quarterly earnings report as it scrambles to deal with a Commerce Dept. ban that keeps it from buying U.S. components for the next seven years, the WSJ reported Wednesday.

Why it matters: The order is a huge blow to the company, especially for the smartphone part of its business that relies on chips from Qualcomm and software from Google and others.

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Erica Pandey, author of @Work
7 mins ago - Economy & Business

The high-wage jobs aren't coming back

Reproduced from Indeed; Chart: Axios Visuals

The pandemic has caught up with high-wage jobs.

The big picture: Early on, the pandemic walloped hiring across the wage spectrum and in every sector. Now, states have opened up, and the lower-wage retail and restaurant jobs have slowly come back — but higher-paying jobs are lagging behind.

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Caitlin Owens, author of Vitals
48 mins ago - Health

The FDA plans to toughen coronavirus vaccine standards

President Trump and FDA commissioner Stephen Hahn. Photo: Pete Marovich/Getty Images

The Food and Drug Administration plans to toughen the requirements for a coronavirus vaccine emergency authorization, which would make it more difficult for one to be ready by the election, the Washington Post reported Tuesday.

Why it matters: Public skepticism of an eventual vaccine keeps increasing as President Trump keeps making promises that are at odds with members of his own administration.

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Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Wall Street fears meltdown over election and Supreme Court

Illustration: Aïda Amer/Axios

The death of Justice Ruth Bader Ginsburg and President Trump's vow to name her replacement to the Supreme Court before November's election are amplifying Wall Street's worries about major volatility and market losses ahead of and even after the election.

The big picture: The 2020 election is the most expensive event risk on record, per Bloomberg — with insurance bets on implied volatility six times their normal level, according to JPMorgan analysts. And it could take days or even weeks to count the record number of mail-in ballots and declare a winner.

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