There's evidence that capping credit-card interest rates at 10% would save Americans billions of dollars, although banks warn of consumers losing access to credit.
Why it matters: President Trump says banks should cap card rates at 10% for a year — picking up the mantle for an idea popular with progressives and consumer advocates.
A federal judge is allowing a major wind project to resume construction off Rhode Island's coast while the court battle over the Trump administration's recent stop-work order plays out.
Why it matters: The preliminary injunction is a win for the nearly complete Revolution Wind project, which would provide power to Rhode Island and Connecticut. The project is jointly owned by Ørsted and BlackRock's Global Infrastructure Partners.
Anthropic on Monday unveiled Cowork, a new AI product designed to handle everyday office work with the same autonomy as its Claude Code vibe coding tool.
Why it matters: AI companies are racing to sell agentic software that promises to simplify information work, even as data continues to show that companies are still struggling to see productivity benefits.
Meta CEO Mark Zuckerberg on Monday said his company is establishing a new "top-level" initiative called Meta Compute that will see the tech giant building "tens of gigawatts" of AI infrastructure this decade.
Why it matters: The announcement, coming shortly after the firm named prominent banking executive and former Republican official Dina Powell McCormick as president, suggests Zuckerberg sees Meta's ability to build out AI infrastructure as a strategic long-term advantage over its Big Tech peers.
The U.K.'s online safety watchdog is investigating X for potential violations of the Online Safety Act after Grok generated sexualized images at users' request.
Why it matters: The U.K.'s probe adds to mounting global scrutiny of Elon Musk's X, which hasn't been able to keep up with the images its chatbot is putting out.
Dina Powell McCormick, a prominent banking executive and former Republican official, is joining Meta full-time as president and vice chairman, reporting to CEO and founder Mark Zuckerberg, a spokesperson confirmed to Axios.
Why it matters: Powell McCormick's connections to the global finance community have put her at the center of dealmaking across industries that matter to Meta in the AI era, such as energy and tech infrastructure.
Lego's education unit on Monday announced a new kit designed to use its signature plastic bricks to help kids better understand the AI systems that will play a major role throughout their lives.
Why it matters: Lego's efforts to teach AI in classrooms come amid a broader, messy rollout of chatbots in schools.
New York Gov. Kathy Hochul (D) on Tuesday will announce an initiative to ensure data centers are paying for their own energy needs instead of consumers.
Why it matters: Power-hungry AI data centers are making Americans' electricity bills more expensive, and Hochul's move aims to shift those energy costs back onto the companies that create the demand.
The nation is splitting into three distinct economic realities: the Have-Nots (stalling) ... the Haves (coasting) ... and the Have-Lots (rocketing to greater wealth).
Why it matters: This isn't just about "inequality." It's about a structural shift where the growing number of hyperwealthy are profiting wildly off the AI revolution — through exclusive access to private deals, massive investment power, governmental connections, and equity stakes that "normal" investors can't touch.
A majority of registered voters are concerned about President Trump's close relationships with Big Tech companies like Google, Apple, Meta, Amazon and OpenAI, according to a new survey shared first with Axios.
Why it matters: Most voters say that tech companies wield too much influence in Washington amid Trump's full-throatedembrace of AI and cozy ties with the industry.
President Trump said Sunday Iran reached out to the U.S. a day earlier and proposed to negotiate a nuclear deal.
"We may meet with them. A meeting is being set up, but we may have to act because of what's happening, before the meeting. … but a meeting is being set up," he told reporters on Air Force One on Sunday.
Why it matters: Trump's surprising remarks come as protests in Iran intensify, the death toll rises and the U.S. considers taking military action against the regime.
Allegiant on Sunday announced an agreement to buy Sun Country Airlines for around $1.5 billion in cash and stock.
Why it matters: It would be the first airline antitrust test for Trump 2.0, at a time when some discount carriers are struggling due to rising costs and increased competition from larger rivals.
