Boeing and its union of 33,000 members reached a tentative deal on Saturday that could win workers a 35% wage increase and end a strike hampering the company's production, per the proposal.
Why it matters: Boeing, already dealt the blow of repeated safety issues, has been trying to increase production and salvage its reputation.
Coastal states, border states and states with some of America’s biggest cities saw the biggest influxes of new residents from foreign countries in 2023,according to new Census migration data.
Why it matters:Immigration is a pressing political issue across the U.S., but there are massive gaps between the states in terms of how many new arrivals are actually settling there.
A new documentary from HR software company Workday and LeBron James-owned production company SpringHill is shining a light on skills-based hiring — the idea that people should be hired based on what they can do, not their formal educational background.
Why it matters: Only 38% of U.S. adults over 25 hold a bachelor's degree, according to the latest census data.
The outlook for inflation in the next couple of years may depend on when America's renters choose to move. A new report points to rents remaining a stubborn obstacle to overall inflation returning durably to 2%.
Why it matters: Rent is the key reason inflation remains elevated in key government data, even as private sector sources have pointed to a stabilization in rents.
Uber (NYSE: UBER) is weighing a takeover offer for online travel booker Expedia (Nasdaq: EXPE), per the FT.
Why it's the BFD: This would supercharge Uber's efforts to become a superapp.
It also would be a homecoming for Uber CEO Dara Khosrowshahi, who led Expedia for more than a decade before joining the ride-hail giant in 2017.
By the numbers: Uber shares are up around 86% over the past year, giving it a $168 billion market cap.
Expedia stock is up around 60% over the same period, including a big bounce on the FT news, giving it a $20.6 billion market cap (which isn't too different from where it was when Dara left).
The bottom line: Khosrowshahi was a protégé of Barry Diller, who was known for dealmaking, but hasn't struck too many large acquisitions in his time running Uber. The largest was buying Middle Eastern ride-hailer Careem for $3.1 billion, which it later unloaded for just $400 million.
• Alex Constantinople joined VC firm Greycroft as a partner and chief marketing officer. She's the former CMO of Zendesk and CEO of Outcast. axios.link/3Ns8U7A
• Brian Crandall joined TSG Consumer Partners as a managing director of the firm's portfolio operations group. He previously was chief client officer for Accenture's global PE group. axios.link/3A6KU6X
The National Highway Traffic Safety Administration (NHTSA) announced Friday that it is investigating Tesla's Full Self-Driving (FSD) software over collision risks.
Why it matters: This is the latest regulator hurdle for Tesla, which has long faced scrutiny over potential safety risks associated with its driver assistance systems, which include its FSD and Autopilot programs.
If Vice President Kamala Harris wins the White House, one of her first fights may be over the future of Federal Trade Commission chair Lina Khan.
Why it matters: FTC chairs aren't usually well-known outside the Beltway, but Khan has become a trustbusting hero to progressive Democrats and even some MAGA Republicans like JD Vance.
