Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Sep 14, 2017

CNBC's Jim Cramer: Equifax CEO "should be fired today"

Equifax Inc., offices in Atlanta. Photo: Mike Stewart/AP.

CNBC Mad Money host Jim Cramer said today that Equifax CEO Richard Smith should be fired after the huge data breach last week:

"What does it take to get fired in this country? I mean this was, you blame it on them, you blame it on the offensive line, you're the head coach. Honestly, he should be fired."
Why it matters: The breach could affect as many as 143 million American citizens, and 40 states have begun investigating the incident, according to CNBC. Smith is testifying on October 3 before a House panel. Rep. Greg Walden and Rep. Bob Latta said they looked forward to hearing from Smith, as the breach "has raised serious questions about the security of consumers' personal information."
One more thing: Smith said in a USA Today op-ed the breach was "the most humbling moment in [Equifax's] 118-year history."

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Laurin-Whitney Gottbrath

55 mins ago - Politics & Policy

U.S. grants temporary protected status to thousands of Venezuelans

Venezuelan citizens participate in the vote for the popular consultation in December 2020, as part of a protest against Venezuelan President Nicolás Maduro in Doral, Florida. Photo: Chandan Khanna/AFP

Venezuelans living in the United States will be eligible to receive temporary protected status for 18 months, the Department of Homeland Security announced Monday.

Why it matters: Tens of thousands of Venezuelans have fled to the U.S. amid economic, political and social turmoil back home. Former President Trump, on his last full day in office, granted some protections to Venezuelans through the U.S. Deferred Enforced Departure program, but advocates and lawmakers said the move didn't go far enough.

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Courtenay Brown

1 hour ago - Economy & Business

"She-cession" threatens economic recovery

Illustration: Sarah Grillo

Decades of the slow economic progress women made catching up to men evaporated in just one year.

Why it matters: As quickly as those gains were erased, it could take much, much longer for them to return — a warning Treasury Secretary Janet Yellen issued today.

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2 hours ago - Economy & Business

The Week America Changed

Sandberg thought Zuckerberg was "nuts" on remote work in January 2020

Photo illustration: Sarah Grillo/Axios. Photo: Paul Marotta/Getty Image

Chief operating officer Sheryl Sandberg thought Mark Zuckerberg was "nuts" when he raised the possibility in January 2020 that 50,000 Facebook employees might have to work from home. By March 6, they were.

Why it matters: In an interview Monday with Axios Re:Cap, Sandberg explained how Facebook moved quickly to respond to the pandemic with grants for small businesses and work-from-home stipends for its employees, and how the company has been watching the unfolding crisis for women in the workforce.

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