Why it matters: After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.
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 Information is launching five new email newsletters beginning Monday, spanning topics around business, finance and tech.
Details: The first two new topic-specific newsletters, ‘Reality Check’ and ‘The Information China," will focus on tech.
Industry leaders across the country — and here in Denver — are feeling the pressure to invest in diversity, equity and inclusion.
Why it matters: Women and people of color continue to face major barriers when it comes to securing higher-paying jobs, starting small businesses and buying homes.
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.
ECB president Christine Lagarde; Photo: Chip Somodevilla/Getty Images
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.
Illustration: Annelise Capossela/Axios
Some large employers are receiving permission from public health officials to vaccinate their employees at work, the Wall Street Journal reports.
Why it matters: This could remove barriers to getting the vaccine for some workers in high-risk industries. But it also increases the competition for shots while they're still scarce.
Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by U.S. regulators, it would put the country at a competitive disadvantage when it comes to cryptocurrencies.
Between the lines: The SEC in December sued Ripple, and Garlinghouse personally, for allegedly selling over $1.3 billion in unregistered securities. Ripple's response is that its cryptocurrency, called XRP, didn't require registration because it's an asset rather than a security.
Illustration: Brendan Lynch/Axios
Illustration: Sarah Grillo/Axios
New York Times columnist David Brooks' resignation from a paid gig at a think tank on Saturday is the latest in a flurry of scandals that America's biggest and most successful newspaper company has endured in the past year.
Driving the news: Brooks resigned from the Aspen Institute following a BuzzFeed News investigation that uncovered conflicts of interest between his reporting and money he accepted from corporate donors for a project called "Weave" that he worked on at the nonprofit.