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!
Data: Adobe; Chart: Axios Visuals

It's no shock that online shopping has surged, especially for groceries, but new data from Adobe offers some valuable breakdowns of exactly where consumer dollars are going.

Why it matters: Some buying patterns are likely temporary, but many people may permanently expand what they buy online, even once physical stores reopen.

Details: According to Adobe, online grocery sales in mid-March were double what they were at the start of the month, with overall e-commerce up 25%.

  • Computer orders online rose 40% between March 11–25, compared to March 1–10, as people looked to set up home offices.
  • Apparel sales are down in many online stores, although aggressive promotions are helping keep the category as a whole roughly flat, Adobe said. That could be challenging to maintain, though, as many people already have all the T-shirts and sweats they need to stay home.
  • Fitness equipment orders were up 55% from March 11–15, compared to the beginning of the month.

Go deeper: Major retailers close doors in U.S. in response to coronavirus outbreak

Go deeper

Scoop: Trump tells confidants he plans to pardon Michael Flynn

Photo: Alex Wroblewski/Getty Images

President Trump has told confidants he plans to pardon his former national security adviser Michael Flynn, who pleaded guilty in December 2017 to lying to the FBI about his Russian contacts, two sources with direct knowledge of the discussions tell Axios.

The big picture: Flynn's pardon would be the culmination of a four-year political and legal saga that began with the FBI's investigation into possible coordination between the Trump campaign and the Russian government in the 2016 election.

This story is breaking news. Please check back for updates.

Erica Pandey, author of @Work
3 hours ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.