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Biden taps Yellen — Banks pause return-to-office plans — Investors pour money into magic mushrooms

A trader works on the trading floor after the closing bell at the New York Stock Exchange (NYSE) in New York City, U.S., February 21, 2020. REUTERS/Andrew Kelly
A trader works on the trading floor after the closing bell at the New York Stock Exchange (NYSE) in New York City

The pick is in.

President-elect Joe Biden will nominate Janet Yellen, the former Federal Reserve Chairwoman, to be the next Treasury secretary, according to The Wall Street Journal. 

Yellen has a laundry list of achievements in the public sector, having previously served as the head of the White House Council of Economic Advisers, in addition to her time as the leader of the Fed.

She would be the first woman to serve as Treasury secretary, if confirmed. 

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Some Wall Street firms' return-to-office plans have hit a speed bump

Wells Fargo ATM
Noam Galai/Getty Images

The coronavirus has proved to be a moving target for Wall Street, as it looks to establish plans to get employees back in the office.

Back in September, banks seemed keen to bring back at least some of their staff, rolling out a variety of procedures to get them back in the office. 

However, a spike in cases in recent weeks has put a pause on many firms' plans. Reed Alexander has a rundown of how firms have adapted on the fly

Click here to read the entire story.

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