Hiring platform Greenhouse doesn't "have some magic AI" that judges applicants, Jon Stross, the company's co-founder and president, tells Axios.
Why it matters: Being among the first to apply to a job, being relevant to the role and having an internal referral all help to make an applicant stand out, he says.
FTX founder Sam Bankman-Fried has filed a notice of his intent to appeal his conviction and sentence with the court of the Southern District of New York.
The big picture: In perhaps the most closely watched trial in the history of the still young cryptocurrency industry, the 32-year old executive was found guilty on all seven charges against him in November, and then sentenced to 25 years in prison.
Crypto venture capitalists appear to be getting their groove back, investing $2.5 billion globally in startups this past quarter, per PitchBook.
Why it matters: Startups need cash to make new things and live another day, and the recent crypto winter hit hard — forcing many to cut headcount and projects.
New data shows just how much less attention people gave to their phones during the solar eclipse's path of totality.
Between the lines: Advertising click-through rates dropped 14% on the day and a little more in regions that experienced full totality, according to data fromintelligence platform Tracer shared first with Axios.
Context: Christmas last year, Dec. 20–25, saw a drop of 20% in CTR.
The Fourth of July saw the same 14% drop as the eclipse.
Wednesday's elevated U.S. inflation reading made interest rate cuts from the Federal Reserve look more distant. The Fed's counterparts across the Atlantic were unfazed.
Why it matters: The European Central Bank now looks poised to kick off the global interest rate-cutting cycle among major economies. It strongly hinted Thursday that this could happen in June — which would likely front-run the Fed in a huge policy pivot.
Apple is making a big change to its repair process starting this fall that will see more used parts in select iPhones, the tech giant announced Thursday.
Why it matters: The move is a major victory for the "Right to Repair" movement, which Apple had vociferously opposed, that should make it easier and cheaper for consumers to fix their phones.
Uniswap Labs was served with a notice Wednesday that it would likely be sued by the U.S. Securities and Exchange Commission (SEC), according to a blog post from the company.
Why it matters: An enforcement action would continue the SEC's slow march against top cryptocurrency companies. Previous lawsuits against major U.S.-based crypto firms have hit Ripple Labs, Coinbase, Kraken, Bittrex and others.
Here's what's new on Max, Hulu, Prime Video, Netflix, Apple TV+ and Paramount+.
What we're watching: A new documentary about the controversial fast fashion brand Brandy Melville, a time-traveling rom-com staring Lucy Boynton and a show based on the popular "Fallout" video game series.
The European Central Bank kept borrowing costs at a record-high on Thursday, but new language in a statement released with the decision sent the strongest signal yet that rate cuts are coming soon.
Why it matters:Inflation across the European Union has come down notably in recent months, a divergence from the U.S. where price pressures have intensified.
The Biden administration is preparing to give a "sharper scalpel" to the government committee that reviews foreign investments into the U.S., administration officials tell Axios.
Why it matters: The potential influence of companies based outside the U.S. — like China's ByteDance, which owns TikTok — is one of the emerging themes in the presidential election. It's also a matter of bipartisan concern.
International Monetary Fund officials think a bill proposed by New York State legislators to change the sovereign debt restructuring process could actually "prolong and complicate" it, an IMF spokesperson tells Axios.
Why it matters: The IMF is a linchpin in the global system for restructuring the debt of countries in financial distress.
It's been nearly a decade since hedge fund Elliott Management's 15-year battle royal with the government of Argentina — and advocates, investors and legislators are still trying to prevent a repeat.
What they're saying: "There are bad actors in this field," says New York State Senator Gustavo Rivera, who has introduced legislation to combat so-called predatory sovereign lenders who he compares to "Goodfellas" types: "F-you, pay me."
