National

Closer

Axios Closer

German automakers in crisis mode as Chinese EVs bear down

Macro

Axios Macro

The global fiscal reckoning is here

IMF paper warns of hedge fund risks

A line chart that shows hedge fund gross assets, including borrowed money, by quarter from Q1 2013 to Q1 2026. Assets rose from $3.9 trillion to $12.6 trillion, with a dip to $6.2 trillion in Q1 2020. Growth accelerated after 2020 and leveled at $12.6 trillion in late 2025 and Q1 2026.

Hedge fund gross assets have doubled since 2020

Data: October 2026 Global Financial Stability Report ; Chart: Emily Peck/Axios

Markets

Axios Markets

S&P 500 high aside, rate surge is hitting stocks

Can you take me higher?&nbsp;&nbsp;

Data: FactSet; Chart: Axios/Matt Phillips 

Why Brazil's markets rallied

Brazilian Real to U.S. Dollar

Data: Financial Modeling Prep; Chart: Axios/Emily Peck

Wall Street on track for record profits

Wall Street profits on pace for record year

Data: NYSE/Intercontinental Exchange via the New York State Comptroller; Chart Emily Peck/Axios; Note: 2026 projected by the comptroller if first-half growth continues at current pace. First-half 2026 profits were $45.9 billion. Profits are for broker-dealer operations of NYSE member firms and are not adjusted for inflation.

Trump's economic tightrope messaging of strong economy, high prices

Schwab: Investors are looking for diversity

Markets especially attuned to outlook for Fed

Big swings in short-term rates 

Pro Rata

Axios Pro Rata

Schneider Electric buying PTC for $22.6 billion

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Axios' coverage of the economy, finance & markets.