Cyril Zingaro/Keystone
Ford stock fell as much as 2.3% in trading Thursday morning, when the automaker announced that its profit this quarter could be as low as 36% below its previous estimate.
What analysts say: U.S. car sales likely have likely reached their cycle peak, given rising automaker inventories and recent data showing that used car prices are falling. Expect car stocks this year to trail the pack.
The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.
Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.
Illustration: Sarah Grillo/Axios
Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.
Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.
Illustration: Eniola Odetunde/Axios
The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.
Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.