David Singleton, Android director of engineering, speaks about Android Wear at a conference in San Francisco in 2014. Photo: Jeff Chiu / AP

Stripe has hired David Singleton to be its new head of engineering, reporting directly to CEO Patrick Collison. Singleton joins from Google, where he was VP of Engineering and most recently led the Android Wear and Google Fit teams and led the growth of the company's engineering team in its London office. He's relocating to San Francisco.

Why it matters: The fast-growing online payments software company is trying to scale quickly, so an engineering head who's run a large team and has overseen product development at a place like Google is a coup for the startup. (Stripe also supports Google Android Pay).

High demand: Engineering talent is in extremely high demand in Silicon Valley. So high, in fact, that Stripe last year offered to hire job candidates in teams in order to fill dozens of open engineering roles.

Headcount milestone: Stripe is only a few hires away from crossing the 1,000 employee mark.

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Updated 17 mins 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. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: The pandemic is getting worse again New York reports most cases since MayMany U.S. coronavirus deaths were avoidable.
  4. Education: Boston and Chicago send students back home for online learning.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
47 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)