Putting your bills on a retail credit card will cost you more than ever this holiday shopping season.
By the numbers: The average annual percentage rate (APR) for a retail credit card is 26.72%, an all-time high, according to data collected by CreditCards.com.
Wait times for Apple's newest iPhone 14 Pro models are getting longer as new COVID lockdowns in China hamper production.
Why it matters: The latest Pro models are the priciest of the iPhones — the single most important device to one of the most profitable companies in the world.
Federal authoritiesseized more than $3.36 billion worth of Bitcoin as part of an investigation into fraud involving the Silk Road dark web marketplace, the Department of Justice announced Monday.
Why it matters: The announcement signals the feds' growing capability for — and interest in — recovering cryptocurrency payments tied to cybercrime.
OpenSea is embracing creator royalty payments, rolling out code to embed fee requirements right into smart contracts.
Why it matters: The leading NFT marketplace operator will enable recurring payments on-chain, even as the rest of the industry appears poised to break from them.
The first thing you notice about CleanSpark's new 20 megawatt immersion mining facility in Norcross, Georgia: It is not loud.
Why it matters: Noise is just one of the many complaints communities have had about bitcoin miners. CleanSpark, a Las Vegas-based energy company turned bitcoin miner, invited press to its new facility last week in order to show it's operating in the open.
John Foley began 2022 as co-founder and CEO of Peloton, when its pandemic shine had begun to tarnish. He'll end the year as co-founder and CEO of an entirely different startup, a direct-to-consumer custom rug business called Ernesta.
Driving the news: Ernesta on Monday announced $25 million in Series A funding. Addition led, and was joined by True Ventures.
Biofire, a Colorado-based maker of biometric handguns, tells Axios that it's raised $14 million in Series A funding led by Founders Fund.
Why it matters: Firearms were the leading cause of death for children and teenagers in 2020, per the CDC, most of which were either accidents or suicides. Biometric locks tied to the adult gun owner and authorized users could have helped keep thousands of kids alive.
Mondays are a little less intense in these hybrid times — most office workers start the week by working at home.
What's happening: Office occupancy is at its lowest at the beginning and the end of the week, according to data from Kastle, which measures occupancy by looking at foot traffic into offices, pulling data from security swipe cards and key fobs.
The interest rate surge hammered tech stocks this year, while an energy shortage — inflamed by the war in Ukraine — turned oil and gas shares into massive winners.
Driving the news: The first week of November was a microcosm of the markets this year, with tech stocks suffering mightily and energy powering ahead.
Black and Latino homeownership rates increased significantly from 2019 to 2021, according to new data from the American Community Survey analyzed by the Urban Institute.
Why it matters: The increase, highlighted recently in a separate analysis by the Washington Post, comes after years of decline in the wake of the Great Recession, and despite the fact that the economic hardships of COVID fell disproportionately on those groups.
Elon Musk announced Sunday "Twitter accounts engaging in impersonation without clearly specifying 'parody' will be permanently suspended without warning," going forward.
Why it matters: Musk said before he took over Twitter he'd "reverse the permanent ban" on former President Trump, arguing that permanent suspensions on the microblogging site "should be extremely rare."
