Apr 7, 2017 - Technology

Samsung sees first quarter earnings coming in better than expected

Ina Fried, author of Login

Ahn Young-joon / AP

Samsung Electronics late Thursday released its preliminary first quarter earnings, saying it sees things shaping up better than many analysts had forecast. The company said it sees first quarter operating profits of about 9.9 trillion Korean won ($8.7 billion), on sales of 50 trillion Korean won ($44 billion).

Why it matters: Samsung's earnings show the company has continued to execute on the business front despite the Galaxy Note 7 recall and the arrest of a top executive in a corruption scandal that brought down Korea's prime minister.

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Jennifer A. Kingson
1 hour ago - Politics & Policy

Mayors plan multifront attack on census shutdown

Illustration: Sarah Grillo/Axios

A growing number of mayors are banding together to fight what they consider to be an inaccurate and abruptly curtailed 2020 census, using an arsenal of legal, legislative and congressional efforts.

Why it matters: The outcome may determine whether President Trump or Joe Biden controls the redistricting process, which governs everything from congressional representation and redistricting to funding for schools and Head Start.

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Shawna Chen
2 hours ago - Politics & Policy

Moderator Kristen Welker will not control mics during final presidential debate

President Trump and Joe Biden at the first presidential debate in September. Photo: Scott Olson via Getty Images

A producer from the Commission on Presidential Debates will manage the operation of the candidates' microphones during Thursday's final presidential debate — not the event's moderator, NBC's Kristen Welker — a source with knowledge of the event told Axios.

Our thought bubble, via Axios' Alexi McCammond: Given President Trump's accusations of partisanship against the other debates' moderators, it makes sense that Welker would want to steer clear of any such optics during her stint in the chair.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.
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