Trump's Pick For Fed Chair May Not Be Approved by the Senate—And Not For the Reasons You May Think
Investopedia· 2026-01-31 01:00
Core Viewpoint - A key Republican lawmaker supports President Trump's nominee for the Federal Reserve chair but threatens to block the appointment due to concerns over political interference in the Fed's independence [1][5]. Group 1: Nomination and Opposition - President Trump has nominated former Fed Governor Kevin Warsh for the chair position, but his appointment requires Senate approval [2]. - Senator Thom Tillis, a member of the Senate banking committee, has expressed his intention to oppose Warsh's nomination as a protest against the administration's pressure on the Fed's current leadership [2][6]. Group 2: Investigation and Implications - The Justice Department is investigating current Fed Chair Jerome Powell regarding his testimony about a renovation project, which some view as an attempt to pressure the Fed to lower interest rates [3][4]. - Tillis argues that the investigation undermines the Fed's independence and that protecting it from political influence is essential for economic stability [5][6]. Group 3: Future Outlook - If other lawmakers join Tillis in opposition, it could create uncertainty regarding the Fed's leadership, potentially impacting the economy and financial system [5]. - Tillis is not seeking re-election, which may limit the duration of his ability to block the nomination [7][8].
Where Your $10K, $25K, or $50K Earns the Most Right Now—Without Stock-Market Stress
Investopedia· 2026-01-31 01:00
Core Insights - The Federal Reserve's decision to maintain interest rates has led to stable cash yields, encouraging savers to explore competitive options for their cash holdings [2][3] - Current yields across various cash products, including savings accounts, CDs, brokerage cash options, and U.S. Treasuries, range from approximately 3% to 5%, allowing for meaningful returns without stock market exposure [3][9] - A comprehensive chart has been created to compare the best-paying options across major cash categories, highlighting standout rates in high-yield savings accounts and CDs [4][5] Cash Yield Analysis - Cash options are delivering competitive yields, with the potential to earn significant interest on deposits, such as $200 in six months from a $10,000 deposit at a 4% account [7][9] - The earnings potential varies by account type, with specific examples showing earnings for different balances at various annual percentage yields (APYs) [8] - The best savings accounts, CDs, Treasuries, and some brokerage cash options provide strong returns with minimal risk, emphasizing the importance of selecting the right cash management strategy [9][10] Product Categories - The top cash options fall into three main categories: bank and credit union products, brokerage and robo-advisor products, and U.S. Treasury products, each with unique characteristics and yield structures [11][15] - Bank and credit union products include savings accounts, money market accounts, and CDs, while brokerage options consist of money market funds and cash management accounts [13][14] - U.S. Treasury products, such as T-bills, notes, and inflation-protected I bonds, offer fixed interest rates and can be purchased directly or through secondary markets [14][15]
REMINDER: Ardent Health, Inc. Investors With Significant Losses Must Act By March 9, 2026
Businesswire· 2026-01-31 01:00
Core Viewpoint - Ardent Health, Inc. is facing a federal securities class action lawsuit due to allegations of misleading investors regarding its accounts receivable collectability practices, with a deadline for lead plaintiff applications set for March 9, 2026 [1][3]. Group 1: Lawsuit Details - The lawsuit pertains to investors who acquired Ardent securities between July 18, 2024, and November 12, 2025, during which the company allegedly misrepresented its monitoring process for accounts receivable [3]. - Ardent claimed to use detailed reviews of historical collections to assess collectability, but it actually relied on a 180-day cliff method, which allowed for inflated accounts receivable reporting and delayed loss recognition [3]. Group 2: Financial Impact - On November 12, 2025, Ardent disclosed a $43 million revenue reduction due to changes in accounting estimates for accounts receivable collectability and a $54 million increase in professional liability reserves related to New Mexico claims [4]. - Following this announcement, Ardent's share price fell by $4.75, or approximately 33.8%, from $14.05 to $9.30 per share [4].
Jim Cramer on what is driving Eli Lilly's stock right now
Youtube· 2026-01-31 00:46
Group 1 - Eli Lilly's stock performance is influenced more by new reports on GOP-1 clinical trials than by its earnings [1] - Alphabet is highlighted as a strong performer, with significant contributions from its products like Gemini, YouTube, and self-driving cars [2] - The healthcare sector is facing scrutiny from the president, particularly targeting companies in the healthcare chain [3] Group 2 - The drug distribution sector is criticized for high profits with minimal contributions to healthcare, with McKesson being implied as a key player [4] - Amazon's stock has become volatile, with earnings reports leading to significant fluctuations in its stock price [5] - The travel sector is mentioned as a focus for investment, despite recent underperformance [6]
Promino Announces Closing of Private Placement
TMX Newsfile· 2026-01-31 00:42
Core Viewpoint - Promino Nutritional Sciences Inc. has successfully closed a private placement, raising a total of $1,121,413 by issuing 37,380,433 units at a price of $0.03 per unit, with each unit consisting of one common share and one warrant [1][4] Group 1: Private Placement Details - The private placement involved the issuance of 37,380,433 units at $0.03 per unit, resulting in gross proceeds of $1,121,413 [1] - The company paid finders' fees of $69,233 in cash and issued 2,307,767 finders warrants, each exercisable at $0.06 for twelve months [2] - Upon closing, AlphaNorth Partners Fund Inc. increased its ownership from approximately 8.78% to 10.71%, holding 18,824,851 shares [3] Group 2: Use of Proceeds - Net proceeds from the private placement will be allocated to accelerate growth through inventory investments and for general corporate purposes, excluding salaries for officers or directors [4] Group 3: Company Overview - Promino Nutritional Sciences is focused on science-based nutrition for muscle health, with its core product being Rejuvenate Muscle Health™, a clinically researched amino acid formula [5] - The company also produces Promino™, which is NSF Certified for Sport® and endorsed by elite athletes [6]
Spark Energy Minerals Announces Warrant Expiry Date Extension in Connection with Its Warrant Incentive Program
TMX Newsfile· 2026-01-31 00:41
Core Points - Spark Energy Minerals Inc. has received approval from the Canadian Securities Exchange to extend the expiry date of 2,241,668 common share purchase warrants from January 31, 2025, to February 22, 2026 [1][2] - The extension aligns with the end of the company's warrant incentive program, allowing holders additional time to participate before its conclusion on February 22, 2026 [2] - During the incentive program, the exercise price of the January Warrants is reduced to $0.05, and each holder who exercises their warrants will receive an additional common share purchase warrant at a price of $0.06 per share [2] Company Overview - Spark Energy Minerals Inc. is focused on the exploration and development of critical minerals essential for the clean-energy transition, primarily in Brazil [4] - The company controls a significant land position in Brazil's Lithium Valley, which is recognized for its lithium, gallium, and rare-earth potential [4] - The flagship Arapaima Project spans approximately 91,900 hectares and hosts multiple targets for lithium and gallium-REE mineralization [4]
Star Copper Announces Grant of RSUs, Stock Options and PSUs
Accessnewswire· 2026-01-31 00:40
Core Viewpoint - Star Copper Corp. has announced the grant of various incentive awards to its directors, officers, and consultants under its equity incentive plan, indicating a commitment to align interests and incentivize performance [1] Group 1: Incentive Awards Details - The company granted a total of 3,400,000 restricted share units (RSUs), 500,000 stock options, and 500,000 performance share units (PSUs) as part of its incentive awards [1] - All 3,400,000 RSUs will vest over a period of three years, with one third vesting on each of the one, two, and three-year anniversaries from the date of grant [1]
Why California’s housing market remains unaffordable for many Americans
Fox Business· 2026-01-31 00:39
A chronic housing shortage is pushing California home prices beyond the reach of many middle-income workers, leaving the state among the least affordable housing markets in the country. The state's regulatory environment is also exacerbating issues, according to an industry economist. Realtor.com senior economic research analyst Hannah Jones told FOX Business that the state's challenges, in part, "stem from a structural mismatch between demand and supply, which has pushed prices far beyond what many worker ...
Are new cars becoming a luxury item in America?
Fox Business· 2026-01-31 00:39
Americans are increasingly getting priced out of the new car market as prices remain elevated. The average transaction price for a new car in April 2025 was $48,422, slightly higher than average for the previous 12 months, according to Edmunds data, published June 2025. However, there is a significant price disparity when compared with used cars.The average transaction price for new cars was more than 29% higher and 35% higher compared to 3-year-old used cars in April 2025 than in April 2020, according to ...
Obamacare enrollment fell by more than 1M enrollees for 2026
Fox Business· 2026-01-31 00:39
Enrollment in Obamacare plans appears to be trending toward a decline of more than 1 million Americans in 2026 amid an increase in monthly premiums and the expiration of enhanced federal subsidies for health insurance premiums that were implemented during the COVID-19 pandemic. The Centers for Medicare and Medicaid Services (CMS) released a report on Wednesday that showed 23 million consumers signed up for individual health insurance coverage through the Marketplaces during the 2026 open enrollment period. ...