What we’re reading (4/14)
“AP Source: Ponzi Schemer Bernie Madoff Dies In Prison” (Associated Press). “Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.”
“Why Wall Street Is So Excited About Bank Stocks” (CNN Business). “For years, Wall Street turned up its nose at America's bank stocks. Now, the sector is getting tons of love as investors eye the economic recovery, which is set to benefit big lenders.”
“Gary Gensler Has A Full Agenda As He Gets Set To Take Over The SEC” (CNBC). “The Senate is expected to confirm Gary Gensler as chairman of the Securities and Exchange Commission on Wednesday, and crypto assets — including bitcoin — are likely high on his agenda.”
“Chip Shortage Will Last Beyond 2022 As Demand Far Outstrips Supply, Intel Chief Says” (Washington Post). “The global semiconductor shortage hammering the auto industry and other manufacturers is going to take ‘a couple of years’ to abate, as demand soars alongside limited manufacturing capacity, the chief executive of chipmaking giant Intel said.”
“What Is Coinbase Worth? Maybe $65.3 Billion To Start.” (Barron’s). “Coinbase, the largest U.S. cryptocurrency exchange, is listing its shares on Wednesday. It will trade on the Nasdaq under the ticker COIN. Existing Coinbase stockholders have registered 114.85 million shares, according to a March 23 prospectus.”
