Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

A damaged street in Guanica town after a 6.4-magnitude earthquake hit Puerto Rico, Jan. 7. Photo: Alejandro Granadillo/Anadolu Agency via Getty Images

President Trump approved Wednesday Puerto Rico's request for a federal disaster declaration following a series of earthquakes this week that killed at least one person and displaced about 2,000 people, according to Disaster Relief.

What's happening: Gov. Wanda Vázquez declared a state of emergency Tuesday after two earthquakes measuring magnitudes of 6.4 and 5.8 struck. The quakes have caused widespread power outages on the island, which is still struggling to recover from 2017's Hurricane Maria. Aftershocks have continued to shake the island.

A woman and her niece camp out at a playground in Guanica. Thousands of people have been sleeping outside, "fearing new tremors," the New York Times reports. Photo: Ricardo Arduengo/AFP via Getty Images
A man carries a St. Jude statue from the ruins of Inmaculada Concepcion church, built in 1841, in Guayanilla. Puerto Rico Seismic Network estimates some 45 quakes of magnitude 3 or higher have hit the island since Tuesday. Photo: Ricardo Arduengo/AFP via Getty Images
Damage in Guanica on the south of the island, which bore the brunt of the quakes, per the U.S. Geological Survey. Photo: Alejandro Granadillo/Anadolu Agency via Getty Images
People use light from a solar rechargeable lamp to play cards. About two-thirds of the island was without power Wednesday and many had no access to drinking water, CNN notes. Photo: Ricardo Arduengo/AFP via Getty Images
Guanica Mayor Santos Seda said the quakes destroyed approximately 50 homes and at least 100 others were "about to collapse" Wednesday, CNN reports. Photo: Alejandro Granadillo/Anadolu Agency via Getty Images
Firefighters survey a collapsed building in Guanica. Schools have canceled classes until buildings are deemed safe by authorities, the BBC reports. Photo: Ricardo Arduengo/AFP via Getty Images

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: McConnell temporarily halts in-person lunches for GOP caucus.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists.
  5. Cities: Surge in cases forces San Francisco to impose curfew — Los Angeles County issues stay-at-home order, limits gatherings.
  6. Sports: NFL bans in-person team activities Monday, Tuesday due to COVID-19 surge — NBA announces new coronavirus protocols.
  7. World: London police arrest more than 150 during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
15 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!