Saturday's economy & business stories


Emily Peck
Updated Jan 22, 2022 - Economy & Business

Tax season nightmare ahead for understaffed IRS

 Illustration of a hand reaching out of a pile of paper tax forms.
Illustration: Shoshana Gordon/Axios

China builds its own movie empire

Why 401(k) rollovers are so annoying

Illustration of a $100 bill shaped into a reverse symbol.
Illustration: Aïda Amer/Axios

Why you're seeing so much coverage of empty American grocery shelves

Partially stocked shelves at a grocery store
Photo: Chandan Khanna/AFP via Getty Images

The hard math behind America's labor shortage

Pete Davidson buys Staten Island Ferry

The Staten Island Ferry.
Photo: Angela Weiss/AFP via Getty Images
Hope King
Jan 21, 2022 - Politics & Policy

U.S. adds new fields of study to STEM student visa program

Illustrated collage of a cubicle surrounded by stars and stripes.
Illustration: Aïda Amer/Axios

Venture capital's exit-driven pandemic returns

A $1 bill
Illustration: Sarah Grillo/Axios
Hope King
Jan 21, 2022 - Economy & Business

Charted: Disappearing bank branches

No quick fix for chip shortage

Illustration: Aïda Amer/Axios

Scoop: Casana nets $30 million to make smart toilet seats

 Illustration of a toilet with a speech bubble saying “The doctor will see you now.”
Illustration: Shoshana Gordon/Axios
Neil Irwin
Updated Jan 21, 2022 - Economy & Business

Janet Yellen co-opts Reaganomics phrase for new Davos speech

Treasury Secretary Janet Yellen speaks
Treasury Secretary Janet Yellen at a speech this week. Photo: Alex Wong/Getty Images

Worker shortage unleashes a forever jobs crisis

Illustration: Shoshana Gordon/Axios
Illustration: Shoshana Gordon/Axios

Calling the startup valuation peak

Illustration: Annelise Capossela/Axios

PetSmart in talks to go public via KKR-sponsored SPAC

Illustration of dog treats in the shape of a dollar sign.
Illustration: Aïda Amer/Axios
Erin Brodwin
Jan 21, 2022 - Health

The latest iteration of Dr. Google

Axios Pro launch event Erin Brodwin
Axios Pro Launch Event

Climbing crude oil heads for reckoning

Women in same-gender partnerships face a double pay gap

The high cost of bringing down inflation

Illustration of a large dollar bill sign balloon being held by a man who is floating slightly off the ground.
Illustration: Aïda Amer/Axios

Exclusive: Biden administration raises minimum wage for federal employees to $15

Picture of a poster demanding "fair wage" seen near the White House
A poster demanding a federal $15-per-hour minimum wage seen near the White House in Washington, D.C., on Feb. 26, 2021. Photo: Erin Scott/Bloomberg via Getty Images

The Federal Reserve is open to creating a digital dollar

Illustration: Aïda Amer/Axios

Intel to build $20 billion chip plant in Ohio

Intel CEO Pat Gelsinger on stage at a summit on November 08, 2017 in Lisbon, Portugal.
Intel CEO Pat Gelsinger. Photo: Horacio Villalobos - Corbis/Getty Images
Hope King
Updated Jan 21, 2022 - Economy & Business

Peloton pumps its brakes

Dan Primack
Updated Jan 21, 2022 - Economy & Business

Peloton stock tanks on report of production halt

Illustrated collage of a Peloton bike, a laptop and a fan of cash.
Illustration: Aïda Amer/Axios