Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In today’s business news: There’s a new top cop on Wall Street, the rise of the fake commute and Parler makes a reappearance. WELCOME, SHERIFF GARY Joe Biden just announced a new…
Janet Yellen, President-elect Joe Biden’s nominee for Treasury secretary, is expected to urge lawmakers to “act big” on relief spending during her confirmation hearing Tuesday, underscoring the urgency and scope of the incoming administration’s $1.9 trillion stimulus package. “Neither the President-elect, nor I, propose this relief package without an appreciation for the country’s debt burden,”…