Blame surging housing costs partly on workers wanting to be closer to the fridge.
Why it matters: While other factors that drove prices are receding — including record low mortgage rates — work-from-home habits have changed the demand equation deeply.
Walmart is partnering with fertility startup, Kindbody, to offer family-building as an employee benefit under its insurance plan, the company announced Tuesday.
Driving the news: The retail giant's employees will have access to over 30 fertility clinics and in vitro fertilization labs nationwide, starting Nov. 1. Eligible workers also get access to Walmart's surrogacy and adoption benefits.
The places where Donald Trump won in the 2020 election are collectively seeing stronger labor markets in the Biden economy, according to a new report from the Economic Innovation Group.
Why it matters: Beyond the political irony, the last couple of years have seen a boom in the counties that make stuff, where the manufacturing, energy and agriculture sectors are a disproportionate share of their economies. And in a reversal of the 2010s, the status quo has been less kind to big-city knowledge economies.
The Guatemala-born founder of Duolingo, one of the biggest language education companies in the world, hopes his business can help more Latinos see themselves in tech and create a more inclusive industry.
Why it matters: Luis Von Ahn is one of few Latinos at the highest levels of a major U.S.-based corporation.
A lack of retirement accounts, rising interest rates and a low housing supply pose risks to the building of long-term Latino wealth in the U.S., a new report warns.
Why it matters: Even as Latinos have made financial and educational gains over the past few decades, they lag behind their non-Hispanic white counterparts in critical indicators of financial wellbeing.
To fight or not to fightthe Securities and Exchange Commission — that enduring question for crypto companies should have a clearer answer following an almost two-year battle between the regulator and the company now called Ripple.
The big picture: The central question that could be answered by court ruling in a matter of months — one that has the entire crypto industry on the edge of its seat — is whether xrp, the coin that Ripple uses to enable international payments, should be considered a security.
Colombian pop star Shakira is set to face trial in Spain for alleged tax fraud after a Spanish judge on Tuesday formally ordered the singer to stand trial, the AP reported.
Driving the news: Prosecutors allege that the singer failed to pay 14.5 million euros (around $13.9 million) in income taxes between 2012 and 2014.
Glass, a video platform that allows creators to monetize their videos as NFTs, has raised a $5 million seed round, Axios reports. The round was co-led by TCG Crypto, a large crypto investment fund within The Chernin Group, as well as 1kx, an early-stage crypto fund.
Why it matters: It's the first video-led NFT startup that's getting investment from TCG Crypto, which has raised $120 million to jumpstart the web3 creator ecosystem.
Hearst expects revenues to grow close to $12 billion this year, up slightly from the record $11.9 billion it earned last year, according to new figures from CEO Steve Swartz provided to Axios in an interview.
Why it matters: A larger portion of the company's profits now comes from its specialty media, data and software businesses than from its traditional consumer media businesses, which include magazines, newspapers, and local and national TV.
Latinos continue to be significantly underrepresented in U.S. films and TV series, despite the fact that the group represents nearly one-fifth (20%) of the total U.S. population and $2.8 trillion in total economic output, a new report finds.
Why it matters: The report provides representation information by company, calling out specific studios and networks for their lack of Latino representation across acting roles, screenwriting and directing.
Dale Earnhardt Jr.'s Dirty Mo Media firm has inked a seven-figure podcast deal with Cadence13 that will help launch a slate of new shows this fall as part of a broader media expansion, executives told Axios.
Why it matters: What started as a fun outlet for Earnhardt Jr. to connect directly with his fans has turned into a profitable and growing media production company.
Elon Musk knows that there's a good chance he'll lose his lawsuit against Twitter, thus requiring him to buy the social media company for $44 billion. But, were that to happen, don't expect him to crawl under a rock and lick his wounds.
Instead, Musk will focus on disproving the doubters.
Sanity Group, a German cannabinoids company, raised $37.6 million in Series B funding led by British American Tobacco.
Why it matters:: This is the largest-ever funding round for a European cannabis startup, and also reflects how legacy tobacco giants are seeking to diversify beyond their nicotine-stained staples.
The NBA's newly refreshed free mobile app include new videos and other features that aim to increase its engagement with fans while not angering the companies that pay billions to broadcast live games.
Why it matters: The NBA (along with its content partner Turner Sports, a division of Warner Bros. Discovery) wants its app to build a stronger direct relationship with fans, but can’t afford to alienate ESPN and the regional sports networks.
Strike, the mobile payments app that facilitates instant transactions via blockchain, has raised another $80 million in fundraising in a show of Bitcoin maximalist strength.
Why it matters: Strike is making the cumbersome digital asset "go" by using the Lightning Network, a layer 2 that enables faster and cheaper transactions — that its CEO Jack Mallers thinks could eventually make the crypto world more accessible to normal people.
The British pound hit a new low against the dollar on Monday — the financial equivalent of a no-confidence vote in new Prime Minister Liz Truss.
The big picture: Britain's unexpected 2016 Brexit vote to leave the European Union served as starting gun for the current era of compounding global uncertainty.
DAZN, an international sports streaming company, has put its IPO plans on hold to focus on profitability and expansion, particularly in Europe, North America CEO Joe Markowski told Axios.
Driving the news: DAZN said on Tuesday it has reached an agreement to acquire U.K.-based Eleven Group's global sports media businesses, adding $300 million in annual revenue.
/2022/09/27/1664286098667.gif?w=3840)
