President Trump on Thursday said he would nominate Council of Economic Advisers head Stephen Miranto fill a vacant seat on the Federal Reserve Board of Governors.
Why it matters: The pick comes as the White House continues its pressure campaign to get lower interest rates.
The Veterans Administration has terminated the union rights of hundreds of thousands of its employees — even as the Trump administration had instructed agencies to hold off on such a step.
Why it matters: The White House crackdown on the federal workforce, begun under DOGE, isn't letting up, and, in particular, it's impacting veterans, who make up a disproportionate share of the federal workforce.
American Eagle's ad featuring actress Sydney Sweeney has ignited a new brand-driven culture war about beauty standards, race and representation.
Why it matters: Consumers are quick to slap a red or blue label on a brand or company, and the jeans maker is the latest to find itself in the political crosshairs.
As of Thursday, sweeping new global tariffs are in place. Sort of. Probably. With exceptions?
The big picture: Anyone who thought President Trump's firm deadline to impose tariffs was the final word on the trade war is about to learn a very hard lesson.
President Trump's sweeping tariffs on dozens of countries went into effect Thursday morning after the clock struck midnight, marking a historic escalation in global trade tensions.
The big picture: After a lengthy delay, the levies — as high as 50% — are finally here, and they could start impacting pocketbooks in the months ahead.
AI soon may revolutionize venture capital, but not in the way that many investors think.
That was the top takeaway from an Axios conversation yesterday with Jon McNeill, the former Tesla president and Lyft COO who now runs a company creation platform called DVx.
The big picture: McNeill says that the investment math is changing for application startups, arguing that DVx now can get them to Series A with 80% less seed funding than it previously could.
Firefly Aerospace, a Texas-based commercial space company known for its lunar landers, raised $868 million in an upsized IPO.
Why it matters: The IPO window is open wide enough to fly a spaceship through it, with almost every significant offering pricing stronger than expected.
The current U.S. tariff policy will cost midsize businesses $82.3 billion, according to a new report from the JPMorganChase Institute.
Why it's important: Midsize businesses, often defined as those with annual revenues between $10 million and $1 billion, generate about one-third of U.S. private sector revenue and employment.
They're an important — yet often overlooked — segment of the economy.
The challenge: Nearly half (48%) of midsize companies import goods. Unlike larger companies, these firms may lack the scale or market power to absorb additional cost burdens or negotiate with suppliers for better prices.
Workers inside the agency that oversees Social Security warn that they're buckling under the strain of understaffing — accelerated by recent Trump administration initiatives.
Why it matters: Americans applying for benefits or needing help at their local Social Security field offices are facing delays, workers say.
A key measure of CEO confidence bounced back this summer, but business leaders are still slightly negative about the economy and business conditions, according to data released Thursday morning and shared first on Axios.
Why it matters: It's another sign that the business community is coming to terms with tariffs, heartened by the administration's announcement of trade deals. The jitters triggered by President Trump's initial "Liberation Day" announcement appear to have eased.
President Trump celebrated his sweeping new tariffs finally taking effect on dozens of trading partners early Thursday.
Why it matters: Trump's tariff policy has begun to impact some businesses, which warn they'll have to pass costs onto consumers. But the president wrote on Truth Social as the levies took effect that "BILLIONS OF DOLLARS" were now "FLOWING" into the U.S.
United Airlines travelers faced delays after the Federal Aviation Administration issued ground stops for United flights at major U.S. airports after the airline reported "a technology issue" on Wednesday evening.
The latest: United flights across the U.S. resumed after the company announced in a statement shared with outlets including Axios that the "underlying technology issue" had been "resolved," but hundreds of travelers still faced delays on Wednesday night.
