Nearly 13 million tuned in to the first Republican presidential primary debate that aired Wednesday night on Fox News and Fox Business network, according to Nielsen ratings.
Subway has a buyer, and the deal for the sandwich shop — valued up to a reported $9.55 billion — is believed to be one of the year's largest in the private equity world.
Why it matters: As the largest U.S. fast-food chain by number of locations, Subway is dealing with a surging set of competitors that have billed themselves as healthy, fast-casual alternatives.
Real-world headwinds stand to blunt the next bull run for bitcoin.
Why it matters: Last week's 10% crash was a reminder of how far the world's largest digital asset has fallen from its all-time high in 2021. Could a big rally be in store for next summer, as trends from its brief history suggest? Don't hold your breath, experts tell Axios.
Republican voters told Fox News pollsters that the economy is their main concern, topping crime and immigration. But Wednesday night's debate offered precious little substance on economic policy.
Krauss has scripted prominent American leaders, like President Biden, Vice President Kamala Harris and former Secretary of State Hillary Clinton.
Now, he's leading a team of 18 senior writers at Fenway, an executive communications and speechwritingfirm founded by Jon Favreau and Tommy Vietor in 2013.
There has been a steady stream of public apologies coming from major beer brands, reality TV stars, tone-deaf bosses and even private individuals who go viral during their worst moments.
Why it matters: Social media algorithms fuel negative commentary, which can create a greater need for quick, clear apologies or explanations.
China, Russia and other members of the BRICS emerging economies bloc on Thursday invited Saudi Arabia, Iran and four additional nations to join the group next year in what will be the bloc's first expansion in more than a decade.
Why it matters: The expansion, which will also see Argentina, Egypt, Ethiopia and the United Arab Emirates admitted to the group, will strengthen the bloc's position as it seeks to counter the Western-led world order. Chinese President Xi Jinping hailed the expansion as "historic."
Hugging Face, a provider of open-source tools for developing AI, raised $235 million in Series D funding at a $4.5 billion post-money valuation led by Salesforce Ventures.
Painful pandemic-era inventory shortages of consumer goods have reversed and, in some cases, become painful gluts.
The big picture: Take sneakers. Factory shutdowns from Vietnam to China in 2020 and 2021 severely pinched supply — and the scarcity sent prices soaring.
Sandwich shop giant Subway on Thursday said that it's agreed to be acquired by Atlanta-based private equity firm Roark Capital Partners, ending a months-long sales process.
Why it matters: This makes Roark one of the world's largest restaurant owners, as it also controls Buffalo Wild Wings, Dunkin' Donuts, Arby's, Baskin-Robbins, Jimmy John's and Sonic.
According to Wall Street's most talked-about recession indicator, the long-awaited economic downturn should be nearly upon us.
The big picture: And yet,there's virtually no evidence the U.S. economy is contracting, putting this indicator's run of correctly predicting recessions — it's called every one since 1955 — in peril.
Warner Bros. Discovery (WBD) is planning to launch a livestream channel for CNN on its streaming platform Max that will include 24 hours of live content, sources told Axios. Cable operators and CNN staffare being informed this week of the plans, per the sources.
Why it matters: WBD executives were quick to dismantle CNN+, the subscription streaming service CNN's previous leadership had launched last year. Now they're racing to build a new CNN streaming strategy that suits their own objectives.
