The Daily

WASHINGTON — President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.

Massachusetts Sen. Elizabeth Warren, the top Democrat on the panel, told reporters she had met with Warsh Thursday and urged him to disclose more information about his assets than was included in financial disclosure forms released earlier this week.

 » Read more about: Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings  »

Despite some declines at the start of 2026, mortgage rates have been on their way up in recent weeks. 

 » Read more about: What could mortgage interest rates look like by the end of 2026? Here's what some experts predict.  »

Social Security benefits for hundreds of thousands of low‑income seniors and those with disabilities could increase under newly introduced legislation.

The bill, introduced Wednesday by Democratic Representatives Sharice Davids of Kansas and Mary Gay Scanlon of Pennsylvania, looks to eliminate a long‑criticized rule that can reduce monthly payments for recipients who receive help from family or friends.

 » Read more about: Social Security Benefits Could Change for Hundreds of Thousands in New Bill  »

 » Read more about: Stock Market Today, April 16: D-Wave Quantum Surges After Nvidia Sparks Quantum AI Optimism  »

 » Read more about: Stock Market Today, April 16: Robinhood Slips as Schwab’s Crypto Push Raises New Competition  »

Key Points

• Planet board member Ita Brennan just sold 48,000 shares of Planet stock.

• This sounds like bad news, but investors don’t seem to mind it.

Planet Labs (NYSE: PL) stock jumped 10.5% through 10 a.m.

 » Read more about: Why Did Planet Labs Stock Pop Today?  »

 » Read more about: Tech Stocks Are Surging. The Nasdaq Is at Highs. Can the AI Trade Keep Rolling?  »

 » Read more about: Stock Market Today, April 16: Markets Nudge Upwards, Setting New Records  »

By CHRISTOPHER RUGABER and JOEY CAPPELLETTI, Associated Press Writers

WASHINGTON (AP) — President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.

Massachusetts Sen.

 » Read more about: Federal Reserve nominee Kevin Warsh faces Senate scrutiny over financial holdings  »

The sudden swings in U.S. stock prices over the past two months may be making you a little dizzy.

After last touching an all-time high in early February, the Vanguard S&P 500 ETF (VOO +0.22%) went on to fall roughly 9% over the next two months,

 » Read more about: Got $5,000? Here Is Why VOO's Iran War Recovery Makes the Case for Long-Term Index Investing Stronger Than Ever  »