Susan Walsh/AP

Janet Yellen and the Federal Reserve have repeatedly voiced their concerns over businesses not investing in plants and equipment, not only because it would represent job-creating economic activity, but because it helps increase future growth by making workers more productive.

U.S. Bureau of Economic Analysis

The Fed noted in its policy statement released today that this measure has "firmed somewhat" since it last met. And this is true, technically—overall business investment grew 0.04% faster in the final quarter of last year than it did a year before. But compared to even 2014, this number is depressingly low.

Why it matters: Surveys of business owners and consumers alike show skyrocketing confidence in the economy. But when it comes to actual spending — be it capital investments or consumer spending — the numbers just aren't there. Whether economic activity rises in the coming months to match confidence levels, or the reverse, will tell us everything we need to know about the 2017 economy.

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 15 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
18 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.