What we’re reading (3/24)
“The Years of Work Behind Washington’s Best-Liked Man” (New York Times). “Mr. Powell and his team swiftly moved to put out fires on Wall Street and Main Street last spring. The efforts were imperfect, but the retirement savings of millions as well as the budgets of states and cities were saved from destruction.”
“Massive Cargo ship That Blocked Egypt’s Suez Canal Is Reportedly On The Move” (CNBC). “A cargo container ship that’s among the largest in the world turned sideways and blocked all traffic in Egypt’s Suez Canal, officials said Wednesday. The ship is now on the move, indicating a resumption of traffic in the waterway, a shipping source and witness told Reuters.”
“Elon Musk Announces On Twitter That You Can Now Buy A Tesla With Bitcoin” (Business Insider). “Tesla has begun accepting Bitcoin as a form of payment, Elon Musk announced on Twitter Wednesday…[a]dditionally, ‘bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,’ Musk said.”
“Will This Boom Go Bust?” (DealBook). “The bull market is now a year old, with the S&P 500 up nearly 75 percent from its low point at this time last year…[t]he factors that have stoked the rally also raise questions about whether it can last.”
“Where Are Those Shoes You Ordered? Check The Ocean Floor” (Wired). “Since the end of November, this is some of what has sunk to the bottom of the Pacific Ocean: vacuum cleaners; Kate Spade accessories; at least $150,000 of frozen shrimp; and three shipping containers full of children’s clothes.”
