Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

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!

Photo: Monica Schipper/Getty Images

Target CEO Brian Cornell's total compensation in 2020 came in at $19.75 million, up about $800,000 over 2019.

The big picture: Cornell's pay, which was made public in a regulatory filing, comes after a year in which Target's comparable sales rose by 20% and its stock price roughly doubled from around $100 at the start of the pandemic to to $200 today.

Of note: Cornell's total compensation was 805 times that of the median Target employee's salary, which was $24,535 in 2020, a figure that includes part-time workers.

  • Target paid out $1 billion in COVID bonuses to store and warehouse employees, with frontline workers getting at least $1,150.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.

Go deeper

Dion Rabouin, author of Markets
Apr 26, 2021 - Economy & Business

New home sales surge as lumber prices skyrocket

Data: FactSet; Chart: Axios Visuals

New home sales jumped to the highest in more than 14 years last month as home prices continue to increase around the U.S.

By the numbers: Single-family new home sales rose 20.7% from February to a 1.02 million seasonally adjusted annual rate. That was the fastest sales pace since September 2006.

Updated 2 mins ago - Sports

The Olympic events to watch today

Suni Lee on the uneven bars during the women's gymnastics team final. Photo: Berengui/DeFodi Images via Getty Images

5 events to watch today...
  • 🤸‍♀️ Women's gymnastics: Team USA’s Suni Lee and Jade Carey will compete in the individual all-around. Carey replaces Simone Biles, who pulled out of the event for mental health reasons. Coverage starts at 6:50 a.m. ET on nbcolympics.com (watch the replay at 8 p.m. ET on NBC).
  • 🏐 Women’s volleyball: The women’s team, who is 2-0 in pool play, will meet Turkey at 8:45 a.m. ET on USA Network.
  • 🏊 Swimming: Finals in the women’s 200m breaststroke and 100m freestyle, as well as the men’s 200m backstroke and 200m individual medley. Coverage starts at 9:30 p.m. ET on NBC.
  • 🚲 BMX racing: Live coverage of the men and women’s semifinals and finals starts at 10 p.m. ET on CNBC.
  • 🏃‍♀️ Track and field: Round 1 of the women’s 100m race begins at 11:15 p.m. on NBC.
Felix Salmon, author of Capital
14 mins ago - Economy & Business

Get ready for more debt ceiling drama

Illustration: Aïda Amer/Axios

It was bliss while it lasted — which was exactly two years. Right now, the U.S. has no limit on the amount of debt it can issue. But that ends on Saturday.

Why it matters: Brace yourself for another round of unedifying posturing and brinkmanship, all of which should result — after a period of entirely unnecessary fiscal contortion — in the debt ceiling being raised (not abolished) sometime this fall.