A golden age of corporate profits
Data: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments.
Axios AI+2 min read
Axios
149 stories
Every major Nvidia customer is now a competitor as Microsoft reveals new Maia chip
The trillion-dollar AI race is moving from software to silicon, as Microsoft's massive bet on its proprietary Maia chips proves Big Tech wants to wean itself off Nvidia's dominance.Why it matters: Microsoft's plan to power its AI products with custom silicon shows how every major Nvidia customer is…
Axios AI+3 min readDems' red-state showings raise prospect of a bigger 2028 map
Data: RealClearPolitics, American Presidency Project; Note: Nebraska's Senate race is between a Republican and an independent; Chart: Erin Davis/AxiosMove over Wisconsin and Arizona.
Axios AI+4 min readFeds search Rep. Ilhan Omar's home in immigration probe
Federal agents conducted a pre-dawn search Monday at the Washington home of Rep. Ilhan Omar (D-Minn.) as part of an ongoing immigration probe, a DOJ spokesperson confirmed to Axios.Why it matters: Searching Omar's home marks a substantial escalation of the Trump administration's fight with the…
Axios AI+2 min readBusiness faces a more interventionist Washington post-midterms
Both parties will be pressured to intervene more in markets after the midterms as economic frustration animates the new Congress, according to an FGS Global sketch of 2027 Washington scenarios, shared first with Axios.Why it matters: In a Trump-dominated Washington, Congress ceded much of its power…
Axios AI+2 min readTrump privately expresses doubts about livestreaming execution
President Trump has privately shared misgivings about livestreaming the firing-squad execution of a former Army major who murdered 13 people at Fort Hood in Texas, according to four people who have spoken with the president.Why it matters: Trump has been deluged with "negative input" about the idea…
Axios AI+4 min readTwo U.S. professors win Nobel prize in economics
Stanford University's Robert E. Hall and Columbia University's Michael Woodford won the Nobel Prize in economics for research on how policymakers can stabilize economies, the Royal Swedish Academy of Sciences said on Monday.Why it matters: Their work helped shape how central banks set interest…
Axios AI+2 min readHouse Republican, invoking Reagan, moves to block Trump's Russia oil deal
Rep. Brian Fitzpatrick (R-Pa.) vowed Saturday to force a House vote to block Russian oil purchases, challenging President Trump's diesel deal with President Vladimir Putin.Why it matters: Trump has touted the deal as a way to lower fuel prices, but it could also provide revenue for Russia's war in…
Axios AI+2 min readTrump tells Ukraine to replace Zelensky over Russia fuel deal
President Trump called Saturday for Ukraine to replace President Volodymyr Zelensky with someone willing to make a deal with Russia to end the war. Why it matters: Trump's attack on Zelensky after the Ukrainian president criticized his diesel deal with Russia signals the most serious crisis between…
Axios AI+2 min readChrista Pike left the hospital and returned to Tennessee prison after failed lethal injection
Tennessee inmate Christa Pike was released from the hospital and is back in prison more than a week after she survived the state's attempt to execute her by lethal injection, her attorneys said Saturday.The big picture: The failed execution was unprecedented.
Axios AI+2 min readU.S. official: Trump cut deal with Putin after Zelensky ignored his requests
President Trump decided to make a diesel fuel deal with Russia after Ukrainian President Volodymyr Zelensky ignored half a dozen U.S. requests to stop attacking Russian oil refineries, a U.S. official with direct knowledge told Axios.
Axios AI+4 min readJD Vance says he won't watch livestream execution of Fort Hood shooter
Vice President JD Vance said Friday he won't watch a potential livestream of the convicted Fort Hood shooter's execution, which President Trump told reporters he had approved.Why it matters: Vance questioned whether the execution would actually be public but joined a small chorus of Republicans…
Axios AI+2 min readExclusive: Zelensky tells Axios Trump's diesel deal with Putin "not fair and not honest"
Ukrainian President Volodymyr Zelensky told Axios in a phone interview on Friday that President Trump's decision to unilaterally lift sanctions on Russia and allow it to export diesel was "not fair and not honest.""You know, it looks like a happy birthday present for Putin.
Axios AI+4 min readKatie Zacharia tapped as next White House press secretary
Katie Zacharia, a former Department of Homeland Security spokesperson, will be the next White House press secretary, President Trump said Friday.The big picture: Zacharia will take over the podium from Karoline Leavitt, a Trump loyalist who announced her departure from the administration in…
Axios AI+3 min readChuck Schumer has a 2028 problem that's not even in New York
Senate Minority Leader Chuck Schumer is going to have his hands full next Congress, even without a threat to his leadership or a primary challenge from Rep.
Axios AI+3 min readTrump announces major diesel deal with Putin, infuriating Ukraine
President Trump announced Friday that he's reached a deal with Russia to increase the supply of diesel to the U.S. and global markets — angering Ukraine, which called it a gift to Vladimir Putin in the midst of their war.Why it matters: The announcement, which includes a waiver on some U.S.
Axios AI+3 min readDHS faces blowback over its attack on a Democratic House candidate
The Department of Homeland Security is coming under fire for publicly attacking Democratic congressional candidate Janelle Stelson less than a month before the midterm election.Why it matters: The Stelson campaign is threatening a lawsuit over the allegations, while a watchdog group is seeking an…
Axios AI+5 min readThe surprising post-pandemic drop in income inequality
Data: Federal Reserve Survey of Consumer Finances; Chart: Neil Irwin/AxiosMiddle- and lower-earners' inflation-adjusted incomes rose during the Biden years — but high earners saw their incomes fall.That's a surprising finding from one of the most thorough datasets on American household finances,…
Axios AI+3 min read
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