Data: BoardEx via "Aging at the very top," published by NBER ; Note: Sample includes 50,510 CEOs in U.S.; Chart: Emily Peck/Axios It's not just Congress — the corner office is graying, too, with the average American CEO now 61, up from around 51 two decades ago, a new working paper finds. Why it matters: It's a mixed bag: Older leaders tend to manage businesses that grow more slowly and are less likely to radically innovate, the study finds, in line with prior research. But they also appear to be better at managing companies through more uncertain economic times. By the numbers: The researchers looked at a database of more than 50,000 leaders. They found that the tendency to hire older leaders is more predominant among smaller,…
Lawsuits allege that State Farm tries to avoid paying what it owes for hail damage. The litigation is happening as homeowners face soaring insurance costs, partly due to threats from climate change.
Millions of home in the U.S. are uninsured, partly because insurance costs have soared in recent years. NPR wants to hear about the coverage decisions you're making as premiums rise.
Groups like the Mass Deportation Coalition see Markwayne Mullin’s push to restore confidence in DHS after fatal shootings as a potential betrayal of the president’s promise.
Florida Republicans have pushed hard to drop some vaccine requirements for children. But after many months, their efforts stalled out. Could this week's special legislative session get the job done?
Their experiences — of sudden financial insecurity, months of unemployment, and crippling anxiety — come as the administration seeks to restrict legal migration and boost mass deportation.
A diner in Albuquerque, New Mexico, partially collapsed, exposing two floors of the building. The city ordered the diner to close two weeks prior after inspectors deemed the structure unsafe.
The Iran conflict has entered a Cold War-like phase of financial sanctions, gunboat interdictions and talks about having talks. Why it matters: The tense stalemate has no immediate end in sight. So higher energy prices appear certain for months — and a hot war could break out at any moment. The big picture: Several U.S. officials told Axios they're concerned about America getting drawn into a frozen conflict of no war and no deal. - In this scenario, the U.S. would have to keep its forces in the region for many more months. The Strait of Hormuz would stay closed, the U.S. blockade would remain, and both sides would continue waiting for the other to blink or fire first. - With the November midterm elections now six months away, "a…