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.
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.
Oprah Winfrey's explosive interview with Prince Harry and Meghan Markle Sunday drew a whopping 17.1 million viewers, making it one of the most watched TV interviews in recent history, according to preliminary ratings from Nielsen.
Why it matters: The ratings speak not just to Americans' interest in Royal Family drama, but also Winfrey's popularity and skill as an interviewer.
Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.
Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.
General Electric (NYSE: GE) is in advanced talks to merge its aircraft-leasing business with AerCap Holdings (NYSE: AER), as first reported by WSJ.
Why it matters: This would create the world's largest jet-leasing business, valued north of $30 billion, which is certain to invite antitrust scrutiny. It also further streamlines GE, which has been shedding ancillary businesses since Larry Culp took over as CEO in 2018.
The undisputed king of economics and finance country music debuted a new video on Sunday night for his certified banger "The Fed Is Watching the Market."
What's happening: In an exclusive interview, Merle Hazard tells Axios why he released a new video for the song almost two years after first performing it and details why the song's lyrics still resonate today and could for quite some time.
The U.S. added 379,000 jobs last month, more than double what economists had expected and more than seven times the number of jobs added in January, however, a key theme from Friday's report from the Bureau of Labor Statistics was the fact that little has changed.
What they're saying: "Both the unemployment rate, at 6.2 percent, and the number of unemployed persons, at 10.0 million, changed little in February," BLS analysts said in the Employment Situation Summary.
The biggest event for markets this week will be Thursday's meeting of the European Central Bank's governing council and the press conference following it from ECB president Christine Lagarde.
Why it matters: With interest rates jumping around the globe, investors are looking to central bank heads to see if they will follow the lead of Fed chair Jerome Powell, who says rising rates are nothing to worry about, or Bank of Japan governor Haruhiko Kuroda, who has drawn a line in the sand on rates.
