Massachusetts senator and failed Presidential candidate Elizabeth Warren lobbied Joe Biden to become his treasury secretary. In a humiliating snub heard around the political world Biden chose former FED chair Janet Yellen over Warren as his Treasury Secretary. Chris Cillizza of CNN said there are several reasons Warren will never be America's Treasury Secretary. Warren in the Cabinet would allow Mass. GOP Gov. Charlie Baker to appoint a temporary replacement for her in the Senate.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary.
U.S. stocks started the week on an upswing after another drug company posted positive clinical trial results for a COVID-19 vaccine and reports surfaced that President-Elect Joe Biden plans to nominate former Federal Reserve Chairman Janet Yellen to be the next Treasury secretary. Conway G. Gittens reports.
President-elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. Business Insider reports if the US Senate confirms Yellen, she will be the first woman to hold the job. Yellen served as Fed Chair during President Barack Obama's second term, from 2014 to 2017. President Donald Trump replaced her with Jerome Powell as head of the Fed.
Day One Agency Scottie Pippen spoke to Business Insider about partnering with American Express and the Calm meditation app to narrate an audio history of basketball for the app. Pippen also discussed how he and the Chicago Bulls used mindfulness to excel as a team, and called the NBA bubble "pickup basketball" in an extended reflection on it. Visit Business Insider's homepage for more stories.
The defensive investor has emerged in May and June, even as U.S. stocks have risen of late. Now, those investors face a big problem. Usually, when investors think the economy is losing steam and risky..
Federal Reserve Chairman Jerome Powell pushed back at White House criticism, declaring the world's most powerful central bank was designed to be "insulated from short-term political pressures," and is..
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