HubSpot, a publicly-traded sales and marketing software company, is acquiring The Hustle, an email newsletter and content company targeted at entrepreneurs and small business owners, sources tell Axios. The deal is expected to close next week.
Why it matters: Hubspot has long invested in using content to help educate its existing and potential customers about business trends, primarily through its web blog. The deal will help it double down on that effort. The Hustle's daily business newsletter has more than 1.5 million subscribers.
The GameStop stock saga was mostly viewed through the lens of small retail investors finally putting one over on big hedge fund manager.
Axios Re:Cap speaks with Ray Dalio, founder of hedge fund giant Bridgewater Associates, to get his perspective on the past week and whether it reflects a fundamental rot in the stock market and U.S. economy.
Netflix has dominated the 2021 Golden Globes, with 35% of all nominations. Its hit shows "The Crown" and "Mank" lead the contenders list.
Why it matters: The nominations speak to Netflix's growing power and prominence in Hollywood. Streaming companies in general have started to dominate entertainment, putting traditional Hollywood studios and TV networks on notice.
Kraft Heinz (Nasdaq: KHC) is in talks to sell its Planters snack unit to Hormel Foods (NYSE: HRL) for around $3 billion, per the Wall Street Journal.
Why it matters: This would merge the salted peanuts purveyor with the maker of Skippy peanut butters, creating a conglomerate to torment school lunch proctors everywhere.
Wilbur Ross, who served as U.S. Commerce Secretary during all of former President Trump's term, has turned his attention to the booming market for blank check companies, or SPACs.
Driving the news: Ross will serve as president, chairman and CEO of a new SPAC that seeks to raise $345 million in an IPO. Among those on its board of directors is Larry Kudlow, Trump's former chief economic adviser who recently joined Fox Business Channel to host a new program.
Amazon's next CEO is hardly a household name, but Andy Jassy has built Amazon Web Services into a $50 billion-a-year business.
The big picture: He's seen by colleagues, former colleagues and rivals as someone who combines an unassuming presence with a keen analytical mind and fierce competitive streak.
Google has been spending heavily to win business away from Amazon Web Services, as evidenced by both companies' latest quarterly results, which were announced Tuesday.
The big picture: Google may be the leader in search, but when it comes to cloud services, it is still chasing after Amazon and Microsoft's Azure.
Spotify has tripled the number of podcasts on its platform in the past year from 700,000 in Q4 2019 to 2.2. million today, the company announced on its Q4 earnings call Wednesday.
Why it matters: Spotify CEO Daniel Ek told investors that podcasts and podcast usage are "highly correlated to user attention and growth" overall on Spotify, which is still primarily used to stream music.
The price of silver remains largely within the same range it has been in since June, as prices on futures markets tumbled by nearly 8% on Tuesday.
Driving the news: Media outlets have devoted a lot of ink to the "silver rally," even though the precious metal's price has held between $22 and $30 since August.
In March, Rosalind "Roz" Brewer will step in as Walgreens CEO, becoming the fourth Black Fortune 500 chief executive, and second-ever Black woman to permanently lead a Fortune 500 firm.
The big picture: In the history of the Fortune 500, there have been 1,800 different CEOs. Only 15 of them have been Black, reports Fortune's Phil Wahba. Another four have held interim positions.
GameStop and the "meme" stocks have attracted much of the market's attention in recent weeks, but cannabis stocks have been the market's real standout in 2021 thanks to renewed expectations of U.S. legalization.
The big picture: Many have quietly doubled their stock price in less than a month of trading.
The pandemic walloped the job market, but it might have strengthened unions.
The big picture: Even though the pandemic brought historic job losses, the share of U.S. workers who are union members rose half a percentage point to 10.8%, according to Bureau of Labor Statistics data released Friday.
Heightened demand for food banks has prompted vegans to organize, soliciting donations of non-animal products and setting up distribution channels for them.
Why it matters: As the pandemic persists, the number of people who are food-insecure remains alarmingly high — and any number of them may eschew animal products.
Here's an essential element of the pandemic workplace: a best friend.
Why it matters: Studies have shown that having friendships at work can boost happiness and productivity. And cultivating these close relationships is even more important now as lockdowns and isolation worsen workplace burnout across America.
The U.S. Chamber of Commerce is urging the Biden administration not to go around Republicans to pass the president’s $1.9 trillion stimulus package, a move being pushed by the Democrats’ progressive wing.
Why it matters: The historically conservative group fears that if President Biden submits, it could foil any shot at bipartisanship for future legislation, such as highly anticipated plans for infrastructure and climate change bills.
