Why it matters: The ferocity of this particular boycott — which has entered its third month of headlines — is due in large part to the brand's misalignment with key consumers, easily accessible competitors and the poor corporate response.
Median pre-money Series C, D and E valuations for U.S. startups showed signs of bouncing back — or at least not falling anymore — in Q2, according to new data from Carta.
Why it matters: Since the downturn started about 18 months ago, late-stage startups have borne the brunt of ripples from the private market, given their proximity to public-market valuations.
In Wisconsin,the governor can veto the tiniest parts of a bill, even unto deleting the first two digits of a year and the hyphen following them.
Why it matters: Thus does "2024–25" become "2425," and thus does a spending increase designed (by the legislature) to last for two years become one designed (by the governor) to last for over 400 years.
Last week I went to a Steve Reich concert in the Sonic Sphere, a $2 million 250-capacity music venue suspended from the roof of The Shed, in Manhattan.
Details: A scaled-up version of legendary composer Karlheinz Stockhausen's 1970 Kugelauditorium, it's designed to be a whole new way of listening to music, with 100 speakers surrounding every audience member from every direction.
Not all Chinese imports get registered as imports. Specifically, if a shipment falls beneath a certain "de minimis" value, it neither gets inspected nor taxed by U.S. Customs.
State of play: That de minimis value is $800 — high enough to cover effectively all of the shipments from Chinese fast-fashion giants Shein and Temu.
Remember when a brief spike in UK government bond yields caused the downfall of Prime Minister Liz Truss after just 45 days in office? It turns out those bond yields were just a sign of things to come.
Why it matters: UK interest rates have a direct effect on discretionary income, since most UK mortgages reprice every two years.
Data: Census Bureau; Note: Data refers to unadjusted estimates of trade in goods; Chart: Simran Parwani/Axios
Treasury secretary Janet Yellen's trip to China this week is taking place as trade between the two countries is plunging.
Why it matters: For all that fireworks sales rose again this year — nearly all of them sourced from China — imports from China to the U.S. totaled $130 billion over the four months from February through May. That's down 25% from $175 billion a year ago.
