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Windows goes to 11

Jun. 24, 2021 03:07PM EST
Dan Ackermann

Microsoft on Thursday offered a first look at the next version of Windows, dubbed Windows 11, which is coming this holiday season. The new version changes both the look of the operating system as well as the underlying business model.

Why it matters: Windows has been steadily losing market share on the desktop, which has itself lost prominence to smartphones.

With Windows 11, Microsoft is adding Web widgets, which it hopes will allow smaller creators to make money through Windows. It also plans changes to the economics for the Windows Store, a move that could help it competitively and also increase the pressure on rivals Google and Apple.

Go deeper: Why Windows needs a reboot

The Windows event is still taking place. Check back for updates

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Treasury appointment makes it 4 Ricchettis in the Biden administration

Nestled in a recent press release from the Treasury Department announcing new staff appointments was a familiar name within the White House, the son of President Biden's counselor and longtime aide, Steve Ricchetti.

Why it matters: J.J. Ricchetti will serve as a special assistant in Treasury's Office of Legislative Affairs. He's now the fourth immediate family member working in the Biden administration.

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The pandemic is hitting city budgets harder than the Great Recession

Data: National League of Cities; Chart: Axios Visuals

With tax revenue in free-fall and expenditures dramatically rising, the coronavirus pandemic is on pace to hit cities' finances even harder than the Great Recession.

Why it matters: Almost all cities are required to balance their budgets, and at this rate they'll have no choice but to cut more services, layoff or furlough more workers and freeze capital projects.

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