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Month: January 2026

Warsh’s challenge: Navigating Fed independence and Trump’s demands

Warsh’s challenge: Navigating Fed independence and Trump’s demands

By CHRISTOPHER RUGABER and JOSH BOAK, AP Writers

WASHINGTON (AP) — Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago. Now that he is in line for the position, the enormity of the challenge ahead of him is clear.

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To be effective, Warsh must gain the trust of at least three constituencies: the committee of Federal Reserve officials whose votes he will have to win to change interest rates; the financial markets, which can undermine his efforts to reduce borrowing costs if they think he is acting politically; and not least Trump, a former real estate developer with an exquisite sense of just how much difference a cut or increase in interest rates can make for those with large debts, whether they are businesses, households or a government. read more

Public hearing today for Blue Origin’s wastewater plans for Indian River Lagoon

Public hearing today for Blue Origin’s wastewater plans for Indian River Lagoon

When the Florida Department of Environmental Protection announced a draft proposal to allow Blue Origin to increase its industrial wastewater output that would flow into the Indian River Lagoon, residents and government officials in Brevard County corralled enough support to get the DEP to hold a public hearing.

That meeting is Friday from 4-7 p.m. at the Brevard County UF/IFAS Extension Building located at 3695 Lake Drive in Cocoa.

At issue is Jeff Bezos’ company desire to allow nearly 500,000 gallons of wastewater daily at Blue Origin’s Merritt Island facilities that would affect the Indian River Lagoon. The permit would allow it to operate an industrial wastewater treatment facility that could dispense up to 490,000 gallons per day. Of that total, up to 15,000 gallons per day could be unprocessed wastewater.

The water comes from manufacturing activities at the OLS Manufacturing Complex site where Blue Origin builds its New Glenn rocket, as well as other space-related hardware such as the Blue Moon lunar lander. read more

US stocks dip and gold swings as markets react to Trump’s choice to lead the Federal Reserve

US stocks dip and gold swings as markets react to Trump’s choice to lead the Federal Reserve

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Financial markets are churning on Friday as investors try to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for them.

The early reactions have been uneasy and sometimes quick to change because of the uncertainty. U.S. stocks fell modestly, with the S&P 500 down 0.5%. The Dow Jones Industrial Average was down 440 points, or 0.9%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.

The value of the U.S. dollar, meanwhile, climbed but only after swiveling a couple times following Trump’s announcement. And some of the wildest action was again in precious metals markets, where the price of gold went through more cycles of tumbling sharply and retracing some of its losses.

Whoever leads the Fed has a big influence on the economy and markets worldwide by helping to dictate where the U.S. central bank moves interest rates. Such decisions lift or weigh on prices for all kinds of investments, as the Fed tries to keep the U.S. job market humming without letting inflation get out of control. Trump has been pushing for lower interest rates, which usually help goose the economy but can also lead to higher inflation. read more

Farmers now owe a lot more for health insurance

Farmers now owe a lot more for health insurance

By Sarah Boden, Drew Hawkins, Gulf States Newsroom, KFF Health News

Last year was a tough one for farmers. Amid falling prices for commodity crops such as corn and soybeans, rising input costs for supplies like fertilizer and seeds, as well as the Trump tariffs and the dismantling of USAID, many farms weren’t profitable last year.

And now, the enhanced Affordable Care Act subsidies that many Americans, including farmers, relied on to purchase health insurance are gone, having expired at the end of December.

James Davis, 55, who grows cotton, soybeans, and corn in northern Louisiana, said he didn’t know how he and his wife would afford coverage. Their share of their insurance premium quadrupled for 2026, jumping to about $2,700 a month.

“You can’t afford it,” Davis said. “Bottom line. There’s nothing to discuss. You can’t afford it without the subsidies.”

A tractor in Richland Parish. ((Drew Hawkins/Gulf States Newsroom)/KFF HEALTH/TNS)
A tractor in Richland Parish. ((Drew Hawkins/Gulf States Newsroom)/KFF HEALTH/TNS)

More than a quarter of the agricultural workforce purchases health insurance through the individual marketplace, according to an analysis from KFF, a health information nonprofit that includes KFF Health News. read more

6 clever ways I’ve saved money (that weren’t as scary as I thought)

6 clever ways I’ve saved money (that weren’t as scary as I thought)

By Tommy Tindall, NerdWallet

Are you feeling financially stressed or fiscally encouraged this year?

Over a third of Americans said they feel optimistic (35%) and/or confident (35%) about their finances going into 2026, according to NerdWallet’s 2026 Consumer Outlook Report. But nearly as many feel anxious (32%) and/or stressed (30%).

If you’re in camp nervous, looking for clever ways to cut expenses could chill you out.

I’m no genius, but these couple of money traits keep me clever:

  • I’m curious enough to question the value of the services I pay for.
  • I’m willing to try a new service, plan or strategy when potential savings are compelling.

I’ve also gotten more comfortable being uncomfortable. These subtle shifts saved me thousands.

I switched my cell phone plan and sacrificed nothing

I think $90 per month for two lines of cell phone service is too much. That’s about what I was paying for two lines of T-Mobile service. One of my most impactful money moves was leaving T-Mobile proper for its lower-cost Mint Mobile brand a couple years back. I’ve saved hundreds in the time since.

My biggest worry — that I might lose my precious phone number during the change over — was unfounded. Fortunately, the process of porting your number when you change providers has become easy to do yourself. read more