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Ellevest Co-founder and CEO Sallie Krawcheck Photo: Axios screenshot

The gender wealth gap has been growing during the coronavirus pandemic, Sallie Krawcheck, co-founder and CEO of financial service company Ellevest, said at an Axios event on Wednesday.

Why it matters: Women have had to deal with a disproportionate amount of job loss during the pandemic because they're more likely to have jobs deemed essential, Krawcheck noted.

  • Krawcheck said women working during the pandemic are also struggling with microaggressions and misogyny even more during the "Zoom era."
  • "Women are finding all of the microaggressions of the workplace are really being amplified in a Zoom era when I can't even catch my bosses eyes to let him know I want to speak and have him help me make point," she said.

The bottom line: "The gender wealth gap going into the pandemic was 32 cents to a man's dollar and moving backward, and this is now accelerating."

Go deeper

Updated Sep 1, 2020 - Politics & Policy

Rock the Vote event highlights women's suffrage in push to register new voters

House Speaker Nancy Pelosi during a press conference on Capitol Hill Thursday. Photo: Lenin Nolly/NurPhoto via Getty Images

Female office-holders stood on the shoulders of suffragettes at a virtual Rock the Vote event Monday celebrating a century of progress since the 19th Amendment passed, but demanding more action to achieve equality.

Driving the news: That's what House Speaker Nancy Pelosi (D) and other speakers noted at Monday night's event. Pelosi also celebrated "the most diverse caucus in history, over 60% women, people of color and LGBTQ."

Updated 3 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."