Photo: Robyn Beck/AFP/Getty Images

Dick's Sporting Goods saw its in-store and online sales fall 3.9% in the quarter ending Nov. 3, driven by losses in its hunting and electronics departments, per the Wall Street Journal.

Why it matters: The chain announced a change in its firearm sales policies earlier this year after the Parkland shooting that included ending the sale of high-capacity magazine sales and assault-style rifle sales as well as a ban on firearms sales to people under 21 years old. Dick's executives attributed the decline to both the new policy and the fact that a general slowdown in gun sales tends to occur under Republican presidents.

Go deeper: United States of Corporate America

Go deeper

The transformation of the Fed

Illustration: Eniola Odetunde/Axios

The Federal Reserve is undergoing an overhaul. Conceived to keep inflation in check and oversee the country's money supply, the central bank is now essentially directing the economy and moving away from worries about rising prices.

What we're hearing: The move to act less quickly and forcefully to tamp down on inflation has been in the works for years, but some economists fear that the Fed is moving too far from its original mandate.

35 mins ago - Sports

The college football season is on the brink

Illustration: Eniola Odetunde/Axios

Power 5 commissioners held an emergency meeting on Sunday to discuss the growing concern that fall sports can't be played because of COVID-19.

Driving the news: The Mid-American Conference on Saturday became the first FBS league to postpone fall sports and move them to the spring, and there are rumblings that Power 5 conferences are ready to follow suit.

Uber CEO proposes "benefits funds" for gig workers

Uber CEO Dara Khosrowshahi. Photo: Scott Heins/Getty Images)

Uber CEO Dara Khosrowshahi called for establishing "benefits funds" for gig workers in a New York Times op-ed out Monday.

Why it matters: Gig workers, who remain independent contractors and not employees, have long pushed companies like Uber for benefits comparable to those received by traditional workers. The coronavirus pandemic and its resultant economic strain has broadened those calls.