Why it matters: Starbucks tumbler drops — including last November's Bearista launch — already generate fast sellouts and resale buzz. Adding Miffy's global fandom and social-media appeal could supercharge demand.
President Trump's approval rating fell to a new second-term low in polling released Monday.
Why it matters: Economic discontent drove Trump's re-election, but his failure to temper inflation and the fallout of the Iran war have turned voters against him.
Kevin Warsh hasn't even been sworn in as leader of the Federal Reserve yet, and his first great test has already arrived.
The big picture: Global bond markets are sending borrowing costs markedly higher in this era of energy supply disruptions, AI-fueled demand for capital and massive fiscal deficits.
LIV Golf is better known for its financial banking than for its product, but now is asking investors for a chance to flip the script.
Driving the news: Axios has learned that the league, which recently lost the support of Saudi Arabia's Public Investment Fund, will seek to raise up to $250 million from new investors.
Government bond yields around the world, including in the U.S., are hitting multi-decade highs as investors price in higher for longer inflation due to the Iran war.
Why it matters: The interest rates, or yields, that governments pay on their debt can drive the global economy — when rates are low, countries can spend more freely and drive economic growth.
Kalshi is joining the National Council on Problem Gambling, becoming the first prediction market to do so.
Why it matters: The move is an acknowledgment that certain users may be engaging in troubling financial behavior on the platform, even as the company continues to refer to user activity as "trading," not gambling.
President Trump told Axios in a phone call that "the clock is ticking" for Iran and warned that if the Iranian regime doesn't come with a better offer for a deal, "they are going to get hit much harder."
Why it matters: U.S. officials say Trump wants a deal to end the war, but Iran's rejection of many of his demands and refusal to make meaningful concessions on its nuclear program has put the military option back on the table.
Some close advisers to President Trump fear the biggest substantive result of the China summit is heightened danger that Chinese President Xi Jinping will invade Taiwan in the next five years, potentially choking off the chips used to power AI to U.S. companies.
What they're saying: Trump loved the pageantry and the special access Xi shrewdly rolled out during the Beijing visit. But the words didn't match the bonhomie. One Trump adviser told us Xi is "trying to move China to a new position where he's saying: 'We're not a rising power. We're your equal. And Taiwan is mine.'"
