Walmart revealed more details about its second "Black Friday Deals" sale Monday that starts online on Nov. 25.
Why it matters: The world's largest retailer's sale is starting four days after Amazon launches its Black Friday sale Thursday, Nov. 21 — a week before Thanksgiving.
The Federal Reserve system is designed to be insulated from partisan politics. But conservatives increasingly see it as an organization stacked with Democrats.
Why it matters: Expect the Fed's current leadership to face hostile questions from Republican lawmakers in the coming months on the appearance of partisan lean — and for President-elect Trump's appointees to seek to reverse that perceived drift.
DVx, a startup incubator co-founded by Tesla and Lyft veteran Jon McNeill, tells Axios that it's raised $60 million in new funding, for a total of $100 million.
Why it matters: Most incubators are structured like traditional VC funds, but DVx is an operating company. Kind of an early-stage version of Berkshire Hathaway (albeit minus the decades-long track record).
President-elect Trump, after racing through the first half of his Cabinet picks, is slowing his roll on one of the highest profile jobs — Treasury secretary — to consider more options, transition sources tell Axios.
Trump will meet at Mar-a-Lago this week with two new candidates: Kevin Warsh, who was the youngest person to become a Federal Reserve Governor, and Marc Rowan, the billionaire CEO and co-founder of Apollo, the private-equity giant.
Why it matters: Trump, who has been decisive about the early wave of picks for his new administration, was dissatisfied with the earlier finalists for Treasury — hedge-fund manager Scott Bessent and Howard Lutnick, co-chair of Trump's transition, and CEO of the Wall Street firm Cantor Fitzgerald.
After years of wondering why there was a disconnect between how Americans feel about the economy (bad) and the actual state of the economy (pretty good), we may have the answer — it was politics all along.
Why it matters: If politics is the main driver of consumer sentiment, then it's no longer nearly as useful as an economic indicator.
Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday after the budget airline's merger efforts collapsed and its losses spiraled out of control.
Why it matters: The company's yellow planes became a symbol of ultra-low-cost travel, but it lost hundreds of millions of dollars struggling to make that strategy work.
President-elect Trump will be a private citizen for another two months, but his impending presidential arrival is already changing the world in ways big and small.
The big picture: Trump portends more protectionism, less U.S. spending and intervention overseas, and a new pecking order in which ideological alliances between leaders can matter more than treaty alliances between countries. For PMs and CEOs all over the world, there is no time to waste.
