Monday's economy & business stories


Snap stock plunges after CEO warns of slowed revenue growth

Illustration: Rebecca Zisser/Axios

Cars are getting older and older as prices rise and shortages persist

Illustration of a car with birthday candles on it.
Illustration: Aïda Amer/Axios
Hope King
May 23, 2022 - Economy & Business

Airbnb to take down its listings in China

Airbnb logo on a red background
Photo: Carl Court/Getty Images
Dave Lawler
May 23, 2022 - World

Survey of economists: More supply shocks and inflation coming in 2022

Illustration: Sarah Grillo/Axios

Arby's first-ever burger features Wagyu beef

Arby's burger with cheese, tomato, lettuce and onion on bun
Arby's has added the Wagyu Steakhouse Burger to the menu for a limited time. Photo: Arby's

Private equity's fundraising flux

Illustration of line graph turning into a question mark
Illustration: Eniola Odetunde/Axios

Broadcom preps mega-deal for VMware

Illustration of a cloud in the shape of a play icon.
Illustration: Gabriella Turrisi/Axios

Starbucks closes its 130 Russian stores amid war in Ukraine

Moscow starbucks
A closed Starbucks at the Afimall City shopping mall on March 26 in Moscow. Photo: Oleg Nikishin/Getty Images

Remote work drove home price surge

Illustration of office chair on a “welcome” home mat
Illustration: Eniola Odetunde/Axios

Economists are lowering growth forecasts — and that's good news

Illustration of suited hand holding binoculars with negative and positive stock arrows
Illustration: Eniola Odetunde/Axios
Sara Fischer
May 23, 2022 - World

New global poll: Trust in West's democracies rises

Illustration of a globe with triangles and lines in the background.
Illustration: Aïda Amer/Axios
Rebecca Falconer
Updated May 23, 2022 - World

Biden launches new Indo-Pacific trade pact

PM Narendra Modi attend the Indo-Pacific Economic Framework for Prosperity at the Izumi Garden Gallery in Tokyo on May 23.
Attending the Indo-Pacific Economic Framework for Prosperity at the Izumi Garden Gallery in Tokyo on Monday were (from left) Japanese Prime Minister Fumio Kishida, President Biden and Indian Prime Minister Narendra Modi. Photo: Saul Loeb/AFP via Getty Images
Hope King
Updated May 23, 2022 - Economy & Business

Michelle Yeoh and new film defy expectations

actress Michelle Yeoh on stage accepting award in pink dress
Actress Michelle Yeoh in Los Angeles. Photo: Stefanie Keenan/Getty Images