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Economics at businessinsider.com.au

Wednesday, Mar 23

01

Elizabeth Holmes’ ex, Ramesh Balwani, pointed the finger back at her in his fraud trial, while prosecutors say they were ‘partners in everything, including their crimes’

Ramesh "Sunny" Balwani's team deflected blame to Elizabeth Holmes, while the prosecution called them "partners in everything, including their crimes."

Tuesday, Mar 22

00

Former Secretary of State Hillary Clinton tests positive for COVID-19

The former secretary of state said her husband, former President Bill Clinton, tested negative and is feeling fine.

Rudy Giuliani ‘completely absorbed the lesson of Russian disinformation’ while working for Trump, Marie Yovanovitch says

Giuliani had learned that "the allegation can be just as damaging as the action, and it's easier, quicker, and cheaper to deploy," Yovanovitch wrote.

National security advisor Jake Sullivan says Russia has ‘manifestly failed’ to achieve its 3 main goals in invading Ukraine

Joe Biden's national security advisor spoke ahead of the president's trip to Europe on Wednesday to map out the next steps for dealing with Russia.

Smartmatic is re-starting a backup defamation lawsuit it filed against Sidney Powell after a New York judge dismissed its case

The election technology company filed a backup lawsuit in Washington, DC, that it's moving forward with.

Florida Senate candidate Val Demings slams GOP criticism of historic Supreme Court nominee Ketanji Brown Jackson: ‘I’m familiar with the attacks’

Demings, a US representative and former police chief, is running to unseat GOP Sen. Marco Rubio who doesn't appear supportive of Biden's nominee.

Project Veritas says the DOJ secretly accessed its emails as part of its probe into how it got Joe Biden’s daughter’s diary

Project Veritas has been fighting search warrants issued by the Justice Department in its investigation into the theft.

Sen. Ted Cruz presses SCOTUS nominee Ketanji Brown Jackson on critical race theory and asks if she agrees with teaching that ‘babies are racist’

Cruz spent part of Tuesday's confirmation hearing presenting a stack of books that he said are teaching critical race theory to kids.

23

Republican Sen. Mike Braun suggests the Supreme Court shouldn’t have legalized interracial marriage before backtracking

Braun later released a statement saying there's "no question that the Constitution prohibits discrimination of any kind based on race."

Republicans are attacking a dark money group’s support for Ketanji Brown Jackson despite blocking Democratic-led bills to disclose donors at least 10 times since 2010

McConnell once said dark money is a "problem that doesn't exist," comparing donor disclosure to the "creation of a modern day Nixonian enemies list."

22

Nasdaq jumps 2% as stocks stage a rebound following Powell’s outlook for bigger rate hikes

Consumer discretionary stocks led the S&P 500's advance and Nike was a winner on the Dow.

21

Surging gas prices are driving demand for electric cars – but good luck finding one to buy

Interest in electric cars is surging amid high gas prices. The problem: They're hard to find and expensive to buy right now.

The NFL will allow teams to seek blockchain partnerships but keeps ban on cryptocurrency promotions in place, report says

The NFL lobbied the Securities and Exchange Commission on blockchain technology issues in 2021, CNBC reported.

The US has become a tax haven, making it hard to sanction Russian oligarchs

The US says it will crack down on Russian oligarchs, but it's also become a tax haven for people who want to hide wealth, says Chuck Collins.

20

Top Democrat slams Mitch McConnell as the ‘one living senator who has effectively changed the size of the Supreme Court’ over his blocking of Obama nominee Merrick Garland

Republicans have renewed their concerns over "court packing" as they consider Supreme Court nominee Judge Ketanji Brown.

Former UK gambling minister did not seek permission for £1,000-an-hour second job

John Whittingdale, who was gambling minister until September 2021, has not sought permission for any of the post-ministerial work he has done.

Meme-stock GameStop, Tesla lead the 10 most talked about stocks on Reddit’s WallStreetBets forum

After gaining notoriety during the meme-stock craze, one data aggregator is compiling the most mentioned stocks on the WallStreetBets subreddit.

Buy now, pay later loans like Affirm and Klarna will soon count toward your credit score

If you don't make regular payments on Afterpay or PayPal loans, your credit score from firms like TransUnion, Equifax, and Experian could soon suffer.

White House press secretary Jen Psaki tests positive for COVID-19

President Joe Biden tested negative on Tuesday and is not considered a close contact, Psaki said. She also contracted COVID-19 last fall.

18

How to trim asparagus and avoid the tough bottom ends

Trim asparagus by snapping off the tough end of one stalk. Use this as a guide to cut the other stalks' ends. Give them a quick wash, cut, then cook.

The stock market is set for more short-term upside after Wall Street’s fear gauge falls 5 days in a row, quant trading firm says

A five-day decline in the VIX below 25 has led to strong two-week, one-month, and two-month average S&P 500 returns.

Russian individuals and companies are using crypto to evade sanctions, the European Central Bank says

The volume of rubles being exchanged for crypto has hit its highest point since May 2021, ECB President Christine Lagarde said at a virtual event.

The former head of the SEC says the regulator is overstepping with its climate disclosure policy

Jay Clayton, the former SEC Chair, said the regulator is making a policy assumption as it proposes new climate regulations.

17

Kamala Harris privately vented about Biden’s refusal to publicly support a change to the Senate rules to pass voting rights protections, book says

One unnamed senator told the authors of an upcoming book that Harris' frustrations with her portfolio were 'up in the stratosphere.'

Democrats are quietly trying to meet a huge Manchin demand to get behind Biden’s economic agenda. There’s no guarantee it will work.

The Senate is holding bipartisan hearings on various aspects of the stalled agenda, but it may not be enough to get Manchin's support.

The Great Resignation is working for women

Women who switch jobs are getting big raises, per Atlanta Fed data. That's only part of the story; many in low-wage jobs had to leave work altogether.

16

Student-loan borrowers and Biden’s Education Department ‘are unprepared to resume payments in May,’ 43 Democratic lawmakers say

They're calling for Biden to extend the pause on student-loan payments "at least through the end of this year." The current restart date is May 1.

Veteran bull Ed Yardeni says many tech stocks look super-cheap, and are a good dip-buying opportunity as the Fed ramps up rate hikes

Aggressive rate hikes are coming from the Federal Reserve, but corporations are flush with cash — and that will prop up markets, the strategist said.

A pancake mix sold at Walmart and Kroger was recalled over concerns about cable fragment contamination

Continental Mills is a third-party brand with pancake mix products sold at retail giants like Walmart and Kroger.