The announced $2.65 billion acquisition of Neiman Marcus by Saks Fifth Avenue will bring those two brands under the same roof as Bergdorf Goodman, Barneys, and Lord & Taylor — all backed by tech giants Amazon and Salesforce. By investing in Saks Global, Amazon and Salesforce will be able to help the retailer develop cutting-edge personalization and logistics. In return, they may gain access to hugely valuable first-party data on who luxury shoppers are and how they behave.
About us
We are a new media company delivering vital, trustworthy news and analysis in the most efficient, illuminating and shareable ways possible. We offer a mix of original and smartly narrated coverage of media trends, tech, business and politics with expertise, voice AND smart brevity — on a new and innovative mobile platform. At Axios — the Greek word for worthy — we provide only content worthy of people's time, attention and trust. Careers: https://www.axios.com/careers
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https://www.axios.com/
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Updates
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The labor market is showing signs of weakness, with employers easing hiring and a rising share of jobless Americans. The June jobs report offers the clearest sign yet that the economy is losing momentum.
The labor market is losing steam
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Join Axios for our launch event commemorating our new weekly 'Future of Defense' newsletter, where leading voices will unpack the trends upending warfare in an era of geopolitical tension — and how powers large and small are adapting.
Watch: Axios' Future of Defense launch event
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EXCLUSIVE: The U.S. Chamber of Commerce is launching a new agenda today, telling politicians that economic growth should be the top issue in the 2024 election and beyond. https://trib.al/aqtT4AG
U.S. Chamber tells officials to prioritize economic policies in election
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Axios reposted this
Join Axios Pro: Policy and Quorum for a webinar to equip yourself with the best strategies and tools to navigate changes brought on by the election. 📅 Date: Tuesday, July 23rd 🕛 Time: 12 pm ET / 9 am PT Mike Allen, co-founder of Axios, and Alex Wirth, co-founder and CEO of Quorum, will sit down for a fireside chat to share their perspectives on change happening in public affairs. Plus, they'll share how Axios and Quorum equip users with the tools needed for success in a rapidly changing environment. 🚀 Save your spot and stay ahead in the game! Register here: https://bit.ly/4btR4Lc #GovernmentAffairs #PublicAffairs #PublicPolicy #GovernmentRelations #PublicAffairsProfessional #PublicAffairsStrategy #Lobbying #Policy #ElectionSeason #ElectionPrep #2024Election #PresidentialElection #Advocacy
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A Texas federal judge has temporarily blocked the FTC's ban on employment non-compete agreements. This is a setback for workers as these agreements restrict their ability to take a similar job for better pay or other benefits.
Texas judge temporarily blocks ban on non-compete agreements for workers
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With powerful brands and lots of bitcoin, Michael Saylor and Jack Dorsey have the attention of the cryptocurrency world. They both represent very different reasons for being a Bitcoiner.
The best known Bitcoin converts among America's very rich got there for different reasons
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American workers have done far better over the last five decades than conventional wisdom would have it, a new report argues. https://trib.al/fxY31AU
The case against the doom-and-gloom view for American workers
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Many Fed officials pointed out that poorer households faced "increasing strains" with high living costs, while savings accumulated during the pandemic had largely run dry, according to the minutes from the June 11-12 meeting.
Fed officials said strains on lower income Americans are a "significant concern"
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Diagnostic tests are starting to spot diseases far earlier with the help of artificial intelligence.
AI is supercharging disease diagnosis
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