Bitcoin's dramatic post-election rally took it within a few hundred dollars of $100,000 on Nov. 22, but since then it's lost most forward momentum.
Why it matters:$100,000 BTC might be one of the most psychologically important prices in the history of cryptocurrency, and the suspense has kept some traders waiting for years.
Shares of the U.S.-based drone maker took off after the company announced Donald Trump Jr. — the President-elect's eldest son — had joined its advisory board.
What he's saying: "The need for drones is obvious. It is also obvious that we must stop buying Chinese drones and Chinese drone parts," Trump Jr. said in the company's statement.
The intrigue: Unusual Machines, which reported just $3.6 million of revenue for the nine months through September, noted in a regulatory filing today that President-elect Trump's threatened tariffs on China could impact the drones it uses in its B2C business.
Black Friday sales officially started days ago but that won't stop shoppers from heading to stores and shopping online early Friday.
Why it matters: Nov. 29 is expected to be the most popular shopping day of the holiday season and year in stores and online, according to holiday predictions from the National Retail Federation and Sensormatic Solutions.
A group of 11 states led by Texas sued some of the world's biggest money managers, alleging they illegally colluded to drive down the supply of coal and drive up the price of electricity.
The year began with fears about stubborn inflation. The latest data shows that concern is back as 2024 comes to an end.
Why it matters: Inflation was trending down for months, allowing the Federal Reserve to loosen its grip on the economy as a soft landing looked to be in sight.
Roon, a video Q&A platform for health care, has raised $15 million in Series A funding co-led by Forerunner and FirstMark Capital.
Why it matters: Many of us have used WebMD or Dr. Google to double check medical symptoms or a treatment, including for loved ones, only to remember that they're full of unvetted noise. Roon could become an antidote for both patients and caregivers, via its vetted, short-form videos created by real doctors.
Another "fake it 'til you make it" founder has wound up in handcuffs, after raising millions of dollars from venture capitalists.
Why it matters: This is a reminder of how easy it is for young startups to defraud their investors, who rely almost exclusively on management for financial data.
The holiday shopping season that officially starts on Black Friday is the shortest it can possibly be this year, but fear not! Americans will still find a way to spend lots of money.
Why it matters: New research shared with Axios finds little correlation between the number of days in the season and retail spending.
Where Wall Street analysts see caution, Americans see the good times rolling.
Why it matters: While it's a historically safe bet that stocks will rise over the long term, record bullish sentiment may signal more economic optimism than we've seen of late.
Companies have beenpulling back from their diversity, equity and inclusion programs all year — and Donald Trump's election is pushing them further.
State of play: The president-elect and his supporters have been vocal in their opposition to corporate diversity programs, framing some such initiatives as anti-white racism — and capitalizing on confusion over what exactly corporate DEI entails.
Companies in the U.S. were already backing off on DEI, then Walmart entered the chat: This week the retail giant said it would cut back its diversity, equity and inclusion initiatives.
Why it matters: Walmart is the largest private employer in the country, and where it goes others are likely to follow.
For the fifth year in a row, the majority of the nation's largest retailers will keep their doors closed on Thanksgiving.
Why it matters: Shopping for last-minute ingredients ahead of the holiday meal is limited with Walmart, Target, Trader Joe's, Publix and many grocery stores closed Thursday.
President-elect Trump said he will nominate Jamieson Greer, a trade lawyer and former first-term aide, as U.S. trade representative.
Why it matters: Greer, who was chief of staff in the trade office during Trump's first term, will become the international face of the administration's tariff program.
Walmart said this week it will phase out several major diversity, equity and inclusion policies, and one conservative influencer is taking the credit for it.
Why it matters: Robby Starbuck, a former music video director, has championed several right-leaning causes on social media, making anti-DEI advocacy the centerpiece of his online brand.
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