A San Francisco motheris gearing up to launch a new Asian American doll named Jilly in a bid to fill a gap on toy shelves.
Why it matters: Though U.S. doll lines have released some Asian American models, many still use white dolls' molds and rely on stereotypes like kung fu or exoticized features, according to Jilly Bing founder Elenor Mak.
The end is here for Bed Bath & Beyond and buybuy Baby with all remaining stores in their final days of liquidation and discounts up to 90%.
Why it matters: With the entire company liquidating in bankruptcy, it’s one of the three largest going-out-of-business sales in the last 15 years, rivaled by the 2018 fall of Toys R Us and the 2008 demise of Circuit City.
Xandr, the advanced TV advertising company Microsoft acquired in 2021, on Thursday told advertisers that it plans to ban political ads beginning October 1, according to an email obtained by Axios.
Why it matters: Amid a hyper-polarized environment, some Big Tech firms see political ads as a content moderation liability.
Why it matters: The widely expected proposal, which received enough Fed votes to move forward, is meant to bring banking rules in step with a longstanding international agreement — a push that grew more urgent after a string of bank failures earlier this year.
Hispanic ranchers and farmers in northern New Mexico whose families have been in the region for centuries say they are losing confidencein Democrats over policies they say hurt their way of life.
The 1848 Treaty of Guadalupe Hidalgo — which ended the U.S.-Mexico War — still looms over northern New Mexico and southern Colorado.
The big picture: The treaty greatly expanded U.S. territory and made promises to its new citizens.But 175 years later, many of those promises have been broken, leading to years of litigation between the government and the Hispanic descendants who say their land was taken.
With data out Thursday morning showing the American economy continues to grow at a healthy clip, the single wordto describe the U.S. economy is "resilient."
Why it matters: A range of indicators raise hopes that a potential recession remains far from reality. Economic activity is striking the delicate balance policymakers want to see: strong, but still moderating, activity.
The first edition of Axios Communicators led with a bold statement: "Every CEO needs to be a communicator."
Why it matters: The recent slew of geopolitical and economic issues, cultural landmines and corporate crises have proved this to be true — and the influence of communications has grown as a result.
T-Mobile'schief communications and corporate responsibility officer Janice Kapner and her team play a major role in advancing the company and its mission to keep people connected.
🗣What she's saying: “People value their cellphones so much that, candidly, many will forgo their morning coffee or other daily expenditures versus not having their phone," says Kapner.
Anheuser-Busch, the parent company of Bud Light, announced Thursday that it would lay off roughly 350 employees.
Why it matters: The layoffs come after the company has struggled to win back customers in the fallout from an advertising campaign with a transgender influencer that sparked conservative backlash.
The U.S. economy expanded at a 2.4% annual rate in the second quarter, a stronger pace of growth than economists anticipated, the Commerce Department said on Thursday.
Why it matters: The data points to a resilient economy that continues to surprise to the upside, despite aggressive attempts by the Fed to cool off activity.
The European Central Bank (ECB) raised interest rates by a quarter percentage point on Thursday, continuing an historic stretch of interest rate hikes meant to conquer high inflation.
Why it matters: The ECB is the latest central bank, following the Federal Reserve, to raise borrowing costs to multi-decade highs — an attempt to cool off the economy in the hopes that inflation will follow.
The workers most likely to be replaced by advances in artificial intelligence are those in lower-wage occupations, concludes a new report from the McKinsey Global Institute.
The big picture: This isn't necessarily a story of mass job loss — these workers are likely to find higher-paying jobs in different industries, part of a broader trend already underway.
Several of the country's biggest entertainment and streaming companies are teaming up to fight hundreds of local broadcasters over a years-old provision that would determine whether they are forced to negotiate directly with those local stations for distribution deals.
Why it matters: The last time the Federal Communications Commission took a hard look at the issue was nearly 10 years ago.
Inexpensive electric cars from China have quickly gained a toehold in Europe — and could be taking over American driveways next.
Why it matters: The Biden administration is incentivizing rapid electric vehicle (EV) adoption, while also trying to reduce U.S. dependence on Chinese EV supply chains.
The Securities and Exchange Commission announced Wednesday proposed new rules that SEC chair Gary Gensler says will address potential conflicts of interest in the use of artificial intelligence on Wall Street.
Driving the news: The move is part of wider proposed reforms relating to investment advisers operating exclusively through the internet, including restrictions for brokerages, per a commission statement Wednesday.
