Why it matters: Except for the very wealthy who can afford to buy whatever they want, the housing shortage touches almost every aspect of Americans' lives and livelihoods and hits the overall economy, too.
State of play: Electric vehicle startup Rivian on Tuesday became the latest automaker to say it'll switch to Tesla's preferred EV charging connector, following in the footsteps of General Motors and Ford.
A powerful Senate committee is launching an investigation "into the dangerous and illegal conditions at Amazon’s warehouses," according to the panel's chairman.
Driving the news: Sen. Bernie Sanders (I-Vt.) said in a letter Tuesday to Amazon that the Senate committee will probe the company's "egregious health and safety violations."
One lasting result of the 2008 financial crisis was a chronic undersupply of housing in America. That dynamic helps explain why the U.S. economy has proven so remarkably resilient over the last year.
Why it matters: Demand for more homes is rebounding despite 7%+ mortgage rates, and there is a sustained appetite for the construction workers who build them. Consumer spending is being supported by equity-rich homeowners, who haven't seen prices fall as dramatically as one might have expected given the swing in rates.
These are among the reasons the economy has not fallen into the recession many have been predicting since the Fed began its rate-hike campaign 15 months ago.
We imagine a number of economic forecasters spit out their coffee when the latest housing starts data crossed the tape.
Why it matters: New home construction rose at a 1.6 million annualized rate in May — a strong rate that points to rapidly rebounding homebuilding activity.
Housing starts were about 22% above April, with big jumps in the construction of single-family and multifamily homes, the Census Bureau said.
When Cava ended the IPO market drought last week, and saw its stock soar in early trades, it wasn't a surprise to company chairman Ron Shaich. After all, he'd done this before.
The big picture: Shaich is arguably the creator of fast-casual dining, having founded and led Panera until its $7.5 billion acquisition by JAB in 2017.
GoDigital, a privately held holding group that owns Latino digital media giant NGLmitú, plans to submit a roughly $300 million to $350 million bid to buy Vice Media out of bankruptcy Tuesday, a source told Axios.
Why it matters: The acquisition would place Vice and its global content and production assets, such as Refinery29, Virtue and i-D, in the hands of a company that plans to invest in its brands — and perhaps revive them.
The work-from-home revolution caused a significant quantity of workspace to move into residential neighborhoods. That alone is enough to significantly raise demand for housing.
Why it matters: The flip side of empty offices is fuller homes, and people demanding space to work. Often, that means they want an extra room.
Accessibility advocates are fighting for new rules that would ease air travel for passengers needing extra assistance — especially those requiring wheelchairs, who currently aren't allowed to sit in their own chair during flights.
Why it matters: While airlines are banned from discriminating against disabled travelers, the reality for many involves broken wheelchairs, degrading treatment and ruined plans.
