Dec. 31, 2020 6:48 pm ET
WASHINGTON Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday.
A separate ethics agreement outlined Ms. Yellen’s plans to resign as a consultant to the Magellan Financial Group Ltd. , an investment-fund manager based in Australia, upon her confirmation. Ms. Yellen began consulting for the firm one year after leaving her post as Federal Reserve chairwoman in early 2018.
The agreement said Ms. Yellen would seek special authorization for one year when dealing with matters pertaining to Magellan, according to forms posted online by the U.S. Office of Government Ethics.
New versions of the novel coronavirus are spreading across the globe. Researchers fear the new lineages may spread more easily and one may be more deadly.
Text size
Japanese stocks hit their highest levels in three decades this past week ensuring that Warren Buffett, who made a big bet on Japanese shares in September, is right again. The
Nikkei 225 rose 714 points, or 2.7%, and briefly touched 27,601 on Tuesday, the highest since 1990. The Nikkei famously topped out at 38,957 in December 1989.
Japan has had a relatively low Covid-19 caseload, and the Nikkei has ridden the global market rally driven by stimulus. President Trump signed a $900 billion relief bill, and South Korea President Moon Jae-in confirmed a third round of direct payments of about $8.5 billion. Both markets are key for the Nikkei, whose stocks on average get 13% of revenues from the U.S. and 2.8% from Korea.