Photo: Cheriss May / NurPhoto via Getty Images

"Fake news" has become ubiquitous as a signal to a politician's supporters to ignore legitimate reporting and hard questions, and as a smear of beleaguered and dwindling local press corps, AP's Ryan Foley writes.

Why it matters: Experts on the press and democracy say the cries of "fake news" could do long-term damage by sowing confusion and contempt for journalists and by undermining the media's role as a watchdog organization.

Some examples from the AP's report:

  • An Idaho state lawmaker urges her constituents to submit entries for her "fake news awards."
  • The Kentucky governor tweets #FAKENEWS to dismiss questions about his purchase of a home from a supporter.
  • An aide to the Texas land commissioner uses the phrase to downplay the significance of his boss receiving donations from employees of a company that landed a multimillion-dollar contract.

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Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
24 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.