America's supply chain crisis isn't getting much better, despite getting lots of attention and federal funding, Flexport CEO Ryan Petersen tells "Axios on HBO."
Behind the scenes: Petersen and Axios' Dan Primack took a boat ride through the Ports of Los Angeles and Long Beach, and saw idle terminal cranes, packed container yards and dozens of cargo ships anchored offshore.
Nebraska's unemployment rate fell to 1.9% last month — the lowest for any state since data collection began in 1976, AP reports.
The big picture: The number is in sharp contrast with the national, seasonally adjusted rate of 4.6% in October.Nebraska had maintained the lowest unemployment rate among the states throughout the pandemic.
The huge, decked-out corner office for executives was already dying. The pandemic may have delivered a final blow.
The big picture: As hybrid and remote work become more common, the office is transforming from a place for focused work to a destination for collaboration. Meeting rooms and open plan café-like seating areas are replacing offices — and where you sit and work no longer denotes your place in the hierarchy.
Pressure from new publishing platforms has finally pushed newsrooms to create programs that give writers more pay, autonomy and flexibility. Those changes are attracting some independent writers back to traditional news companies.
Why it matters: The Substack threat to newsrooms was overblown. Newsrooms have been quick to react to the idea of the independent-operator model while journalists have been sharing its challenges or detailing why they decided to return to newsrooms.
Rich people's toys — mansions, yachts, watches, private jets — are in short supply, forcing the superrich to cough up even morecash for exclusive activities — if they can get in on them at all.
Why it matters: The richest Americans are experiencing a version of the shortages and price hikes that define the pandemic economy for the rest of us. But while you may be having trouble finding what you need at the grocery, the super wealthy are having trouble getting a yacht.
The creator economy has produced thousands of social media entrepreneurs who have built mega-audiences in the millions — larger than many media companies. Often, they operate in parallel universes, with little overlap between platforms.
Why it matters: What differentiates social platforms is no longer their features, but their values and communities. What makes one person popular on one platform may not make them remotely interesting or influential on another.
The Transportation Security Administration screened nearly 2.24 million airline passengers on Friday, marking the highest number of air travelers since the COVID-19 pandemic began.
Crypto venture capital is a different game than traditional venture capital, which isn't something that every participating firm has yet to fully appreciate.
Why it matters: The key is matching the asset class in which you're investing.
A new Morning Consult poll found that nearly 40% of people who traveled for business pre-pandemic predict they'll never take a business trip again. If that's true, it would be a massive blow to the airline industry, which has long used business travel to essentially subsidize fares.
Axios Re:Cap host Erica Pandey is joined by Morning Consult travel and hospitality analyst Lindsey Roeschke to discuss what this poll tells us about the future of air travel.
Plus, a news update on the verdict in the trial of Kyle Rittenhouse.
Taking the stand to close out the first day of her trial’s defense, ex-Theranos CEO Elizabeth Holmes highlighted to jurors some of the due diligence her early investors performed.
Why it matters: Though Holmes was included on her defense’s list of potential witnesses, it was unclear whether she would actually testify.
The story of a group of cryptocurrency traders failing to buy a copy of the Constitution shows just how much of a gulf there still is between the real world and the crypto world.
Driving the news: Hedge fund billionaire Ken Griffin outbid a group of 17,437 donors in an auction at Sotheby's last night, promising to pay $47.4 million for the document.
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