Ticket resale marketplace StubHub last week filed for an IPO, and rewrote part of its history in the process.
The big picture: StubHub's IPO filing refers repeatedly to CEO Eric Baker as the company's singular founder, including in its 915-word corporate history section, without a single mention of company co-founder Jeff Fluhr.
Tesla chair Robyn Denholm is maintaining radio silence about the corrosive effect of Elon Musk's political activities on the company's electric vehicle sales.
Why it matters: Denholm's arrival at Tesla in 2018 was seen as a potential stabilizing moment after Musk's tumultuous tussle with U.S. securities regulators.
The Department of Governmental Efficiency (DOGE)'s incursion into the Social Security Administration is threatening to slow or even unravel the system that provided income to about 73 million Americans last month.
Why it matters: The Elon Musk-led effort to eradicate purported fraud at the agency long known as the "third rail" of American politics could jeopardize the SSA's ability to execute its core mission — and the financial stability of elderly and disabled people across the country.
Tesla is joining "robotics symposium" at the Capitol complex to showcase its new humanoid robot to lawmakers and staff, Axios has learned.
Why it matters: The event comes at a politically charged moment for the electric car company, whose founder Elon Musk has become one of the most controversial members of President Trump's inner circle.
The current definition of an "accredited investor" can be found in rule 501 of Regulation D, which is based on the Securities Act of 1933, but one of Friday's panelists thinks it's time to open up that rule.
Why it matters: Because of this rule, since the initial coin offering era of 2017, regular people have been shut out of buying new tokens or coins before they hit the public market.
Zoom in: In a paper published in February, two BakerHostetler attorneys, Teresa Goody Guillén and Isabelle Corbett Sterling, proposed revisiting the notion of an accredited investor.
"An enduring American principle is that individuals should retain the freedom to make choices about how to manage their own money. The presumption that people must be shielded from potential mistakes—based solely on their income or financial standing—undercuts this principle," they write.
In the aggregate, American households' finances are looking just fine. But nobody lives in the aggregate, and there is evidence of rising financial strain for a meaningful slice of the population.
The big picture: Cracks have appeared in many household balance sheets over the last year and widened further in the final months of 2024, leaving some Americans more vulnerable to any disruptions that are to come.
But it has not been obvious from top-line numbers, as disproportionately affluent families have benefited from a surging stock market, rising home prices, and fixed-rate mortgage debt held over from the low-interest environment of three years ago.
Americans felt worse about the economy in March, according to a long-running survey released on Tuesday that also showed optimism about the outlook at a 12-year low — the latest sign of tariff threats rattling consumers.
Why it matters: President Trump now faces the same economic discontent that plagued the Biden administration.
The more afraid immigrants are that the IRS will report them to immigration authorities, the less they may pay in taxes, experts warn.
Why it matters: Mere reports that the IRS might start sharing information, like this recent one from the Washington Post, are likely to significantly reduce tax collections, Carl Davis, research director of the Institute on Taxation and Economic Policy (ITEP) tells Axios.
More than 300 wealthy individuals, including heiress Abigail Disney, are asking lawmakers to reject GOP plans for tax breaks for the rich.
Why it matters: "No more tax cuts for the wealthy. Not in our name," they wrote in a letter sent Monday to theDemocratic minority leaders from New York, Sen. Chuck Schumer and Rep. Hakeem Jeffries, and first reported Tuesday.
Job applications from federal workers inside DOGE-targeted agencies have surged this year, according to data out Tuesday morning from Indeed, the jobs site.
Why it matters: This is a highly educated bunch, spread around the country — and they're entering the job market at a time when hiring for those with advanced degrees has stalled out.
Injuries from recalled consumer products reached an eight-year high in 2024, according to a new report released Tuesday.
Why it matters: 869 injuries and at least 15 deaths were linked to hazardous products that were recalled during the year, the U.S. Public Interest Research Group (PIRG) Education Fund analysis found.
The Social Security Administration is rushing cuts to phone services at the White House's request, the agency's acting commissioner told Social Security advocates in a meeting on Monday, two sources who attended tell Axios.
Why it matters: These changes will strain the already struggling Social Security system and could even deprive some people of benefits entirely, according to current and former employees and advocates for retirees.
