Axios Chicago

12 hours ago | axios.com | Pete Gannon

The Trump administration today officially acknowledged what businesses have been saying for weeks: The trade war with China is "unsustainable" in its current form. Besides that, however, businesses and investors are no clearer on what a trade agreement might actually look like when the dust settles.

15 hours ago | axios.com | Brady Dale

Photo illustration: Aïda Amer/Axios. Photo: Al Drago/Bloomberg via Getty ImagesThe Official Trump meme coin is up nearly 50% Wednesday on news that its biggest holders get to have dinner with Donald Trump, the President of the United States. Why it matters: The big question everyone had about this crypto token was whether or not buying it would offer privileged access to the president, and now we have an answer.

15 hours ago | axios.com | Sam Allard

Mayor Justin Bibb (right) in conversation with WKYC's Russ Mitchell. Photo: Michelangelo's PhotographyBelt-tightening is on the horizon in Cleveland, Mayor Justin Bibb warned in his fourth State of the City address Wednesday. Why it matters: Bibb used the final address of his first term — a moderated conversation with WKYC's Russ Mitchell — to stress big financial cuts coming from Washington and Columbus.

22 hours ago | axios.com | John Frank |Sami Sparber

Denver metro homeowners spend a median of 9.7 years in their home and most are likely to stay put, according to a recent Redfin analysis of county records. Why it matters: Elevated home prices and mortgage rates are keeping people from buying their first homes β€” or moving into new ones. State of play: Homeowner tenure began increasing in 2022 once pandemic-era moves subsided. Many of the homeowners hunkering down are older adults looking to age in place.

23 hours ago | axios.com | Tasha Tsiaperas |Naheed Rajwani-Dharsi

Expect a chance of storms every day through the weekend. Why it matters: It's severe weather season in North Texas, which could bring damaging hail, high winds and tornadoes. At least 37 tornadoes have been recorded this year statewide, a drop from the number seen by this time last spring. Driving the news: Nine tornadoes touched down west of Fort Worth over Easter weekend, the National Weather Service confirmed. One was classified an EF-2, with wind gusts up to 135mph. The others had lower ratings.