• Daily Digest

    Daily Digest 3/25 – Toilet paper could face a new shortage, It ‘Might Take Weeks’ To Free Ship Stuck In Suez Canal

    by Daily Digest

    Thursday, March 25, 2021, 11:41 AM

Economy

Instagram influencer accused of stealing $2.5 million in Bitcoin from followers

Jegara Igbara, who gained more than 1 million followers under the Instagram account where he went by “Jay Mazini,” allegedly defrauded at least $2.5 million from his followers through a Bitcoin scheme.

The FBI accused Igbara of coaxing people to send him Bitcoin at above-market prices, then sending them back falsified images of cash wire transfers.

“We Don’t Have The Money”: Argentina Warns It Will Default Again

There are three certainties in life: death, taxes and Argentina defaults.

And while we have seen a lot of the first in the past year, Biden is making sure we will see much more of the second in coming years, it was Argentina’s president Cristina Fernandez de Kirchner who said on Wednesday that we are about to have one more of the third.

Unemployment claims sink to coronavirus pandemic low of 684,000

In another strong sign the U.S. economy is recovering, the Federal Reserve plans to remove a rule that handcuffed the banks from raising dividends and buying back shares.

The Fed, provided these financial institutions pass the next round of stress tests set for June, will remove the restrictions, as detailed in a statement.

Stocks Dump’n’Pump; Dollar Gains Amid Bitcoin, Bond Pain

Thanks to yet another big short-squeeze that began shortly ahead of the EU close. This was the biggest short-squeeze since late January.

Small Caps went from down over 1.5% ahead of the EU close to up over 2.5%. Nasdaq ended lower as late day selling pressure hit…

Toilet paper could face a new shortage

A shortage in the availability of shipping containers could lead to another toilet paper shortage.

Coronavirus created a shortage of bath tissue at the start of the pandemic as consumers resorted to panic buying and stockpiling.

Demand for the steel-ribbed containers threatens to delay shipments,.Chief Executive Officer Walter Schalka said in an interview.

Gov. Ron DeSantis Opposes Vaccine Passports In Florida

In sharp contrast with New York Governor Andrew Cuomo who recently imposed “vaccine passport” requirements for people in New York to attend certain events, DeSantis is standing up for freedom and against the imposing of vaccine passports in Florida.

It ‘Might Take Weeks’ To Free Ship Stuck In Suez Canal, Salvage Company Says

The Ever Given — one of the largest container vessels in operation and nearly twice as long as the canal is wide — ran aground on Tuesday amid high winds, a dust storm and poor visibility for navigation. It was heading north en route from China to the Netherlands through the canal that links the Mediterranean to the Red Sea.

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