What we’re reading (3/31)
“Biden Set To Unveil $2 Trillion Infrastructure Plan” (Wall Street Journal). “Mr. Biden will unveil the proposal during a Wednesday afternoon speech in Pittsburgh, where he kicked off his presidential campaign. He is expected to make the case that the investments are necessary to help the U.S. compete with China and tackle climate change.”
“Goldman Sachs Is Close To Offering Bitcoin And Other Digital Assets To Its Wealth Management Clients” (CNBC). “The bank aims to begin offering investments in the emerging asset class in the second quarter, according to Mary Rich, who was recently named global head of digital assets for Goldman’s private wealth management division.”
“No Longer A ‘Lost’ Generation: Millennials Born In The 1980s Are Finally Getting Richer” (Business Insider). “Older millennials are finally getting richer. Over the past three years, they've gained serious ground in building wealth, according to a new report by the Federal Reserve Bank of St. Louis that studied data from the Survey of Consumer Finances. As of 2019, those born in the 1980s have median wealth levels 11% below where they should be if the Great Recession hadn't occured [sic].”
“Wells Fargo Plans To Bring Workers Back To Office In September” (Reuters). “Wells Fargo & Co said on Tuesday it plans to start bringing workers back to its offices after Labor Day due to the increasing availability of vaccines. The bank hopes that operations will begin to return to normalcy after Sept. 6, according to a memo circulated to the staff.”
“Corporations Are Working With Social Media Influencers To Cancel-Proof Their Racial Justice Initiatives” (Washington Post). “Companies like Procter & Gamble, Sephora and Snap are seeking help to stay ahead of cultural moments and avoid embarrassing gaffes[.]”
