Data: FactSet, Securities and Exchange Commission ; Chart: Matt Phillips/Axios Elon Musk's almost inconceivable fortune has expanded the Overton window of wealth. Why it matters: Big, round numbers have a remarkable way of focusing minds and setting narratives. - The first trillionaire — much less a trillionaire known for erratic personal behavior, online trolling and support for global right-wing politics — will likely reignite discussion of the diverging fortunes of wage earners and those with market-based wealth, as well as their growing political power. Driving the news: Shares of Musk's space-launch-satellite services-AI-and-social-media conglomerate SpaceX ended their first day of trading up 19.2%, to $160.95. - At that price,…
The U.S. dominated Paraguay 4-1 Friday night in the World Cup debut for the co-hosts. - It was a better performance than U.S. fans could have hoped for . State of play: The U.S. men's national team, playing in front of a loud, pro-U.S crowd in Los Angeles, were aggressive from start to finish. - The four goals — two from striker Folarin Balogun, one from midfielder Gio Reyna, and an own goal by Paraguayan defender Damian Bobadilla — were the most tallied by a U.S. men's team in a World Cup. The intrigue: American players showed the creativity, crisp passing and kind of nifty one-on-one moves that U.S. fans have been accustomed to seeing from traditional soccer powerhouses in Europe and South America. Threat level: Paraguay resorted…
Data: U.S. Census Bureau ; Chart: Russell Contreras/Axios White students now make up less than half of all Americans enrolled in school from nursery through graduate programs, according to an Axios analysis of new U.S. Census data . Why it matters: America's future workforce and electorate are moving through schools strained by 20-year-low reading scores , teacher shortages and racial segregation at levels not seen since the 1960s. - How schools, colleges and policymakers respond to this demographic shift will define opportunity for a generation. The big picture: White (non-Latino, non-multiracial) student enrollment fell from 46.7 million in 2000 to 36.6 million in 2024. - White students account for 48.8% of all Americans enrolled in…
ICE investigators are going straight to local election officials for individual voter files , and they obtained them in two counties, according to emails shared with Axios. Why it matters: President Trump's decades-long push to root out alleged noncitizen voting has evolved into a multi-agency effort reaching into state and local voter systems. - Trump said he believes millions of people, including non-citizens, are voting illegally and that is why he lost the popular vote in 2016 and the general election in 2020 . - Documented cases of non-citizen voting are rare: The Heritage Foundation, a conservative think tank, tracks convictions and court records of voter fraud. It shows 100 documented cases of non-citizen voting between 1982…
The Food and Drug Administration approved a new sunscreen ingredient in the U.S. for the first time in 20 years. It's been used for decades in Europe and Asia.
Through an innovative program, parents in Senegal had easy access to a therapeutic food that's a boon for malnourished kids. Now there are shortages. Health specialists say U.S. aid cuts are to blame.
"I hope it’s going to come to an end, but I don’t have a great deal of confidence in Bari Weiss to do what she says that she’s going to do,” the "60 Minute" veteran said of the recent turmoil.