Walmart's plans for automating chunks of its supply chain are coming into focus.
Why it matters: E-commerce is one of the fastest-growing parts of Walmart’s business, and having positive experiences with delivery is a key driver of customer loyalty.
Buckle up. Here's a look at what’s coming to streaming services this weekend and beyond.
Amazon Prime Video
"On a Wing and a Prayer": An Amazon original film tells the story of an airplane passenger, played by Dennis Quaid, who has to land a plane with his family on board after the pilot dies mid-flight. Based on a true story.
The third season of the CW's "Kung Fu," a series about a woman leaving college for an isolated Chinese monastery, will air on Friday.
Hulu
"Dave": The titular character will headline his first U.S. tour in the third season of FXX’s comedy starring rapper Lil Dicky. Available Thursday.
Netflix
"Beef": A new dark comedy series starring Steven Yeun and Ali Wong puts two strangers in the middle of a feud after a road rage incident. Available Thursday.
The final three episodes of season four of "Love Is Blind" are available Friday.
1 cool thing: Axios' data visuals team created this tool to help you save money on your streaming subscription services. Give it a whirl!
New York regulators are poised to set the benchmark for crypto firms in the U.S. and worldwide with its licensing regime that the crypto industry covets and loathes for its attainability.
State of play: Superintendent Adrienne Harris took the helm of the state's Department of Financial Services in January 2022, and has since expanded on the regulator's unique oversight over digital assets.
It has felt like open season for corporate executives on Capitol Hill lately.
Why it matters: High-profile congressional hearings present both a major challenge and opportunity for business leaders — and at the center are carefully crafted, long-term communication strategies.
Pretty much every Thursday morning this year, we've had a head-scratching mystery about the number of people filing new claims for unemployment benefits being exceptionally low, amid reports of layoffs and a softer job market.
Why it matters: The job market remains strong, but new seasonally adjusted data implies it isn't as extraordinarily tight as was originally implied by the sub-200,000 weekly figures that prevailed over the last few months.
"Don't burn bridges" might be the top takeaway from yesterday's news that The Raine Group has acquired Code Advisors, the tech and media M&A adviser whose repeat clients have included Spotify, Twitter and Vox Media.
The big picture: Code is the first acquisition in Raine's 14-year history, and reflects the New York-based firm's desire to deepen its Silicon Valley footprint, particularly in software.
The gap between mortgage rates and the Treasuries they’re benchmarked to has widened since the collapse of Silicon Valley Bank last month.
Why it matters: It’s one sign of the investor retreat in the market for mortgage-backed securities — and ultimately, it leads to higher financing costs for American homebuyers.
Cash keeps coursing into money market mutual funds — an influx set off by the collapse of Silicon Valley Bank last month.
Why it matters: The bank collapse prompted an outflow of deposits from smaller regional banks — and plenty of that cash landed in money market funds. The shift underscores the pressure that regional lenders — big sources of investment capital in some metro areas — continue to face.
Born out of necessity in the pandemic, the once-reviled virtual layoff seems here to stay.
Why it matters: The practice of firing people via Zoom or email is picking up steam alongside an uptick in layoffs — particularly among the professional classes where many folks are still working either fully or partly remotely.
