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Thursday, 14 May 2026

A new era at the Federal Reserve

Also: Pols want to break up pharmacy giants ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu May 14 2026

 

Daniel de Visé Personal Finance Reporter

Good morning! It’s Daniel de Visé with your Daily Money.

The Senate has confirmed Kevin Warsh as new chair of the Federal Reserve, the central bank, responsible for setting interest rates. He replaces Jerome Powell.

Lawmakers want to break up pharmacy companies

A bipartisan group of lawmakers wants to break up some large pharmacy companies as a way to bring down health care costs.

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📰 A great read ðŸ“°

And here's a popular story from the archives that you may have missed. Read it! Share it!

This story turned heads last year: The Campbell's Co. said it had fired an executive who called the company’s products “highly” processed food for “poor people.”

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

FILE PHOTO: Kevin Warsh, U.S. President Donald Trump's nominee to be the next chair of the Federal Reserve, at the end of a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque/File Photo

The Senate confirmed former finance executive and former Federal Reserve Governor Kevin Warsh as the U.S. central bank’s new chair May 13.

Sen. Elizabeth Warren, D-Mass., speaks during the Senate Finance Committee confirmation hearing on Robert F. Kennedy Jr.'s Secretary of Health and Human Services nomination on Jan. 29, 2025 in Washington, DC.
 

Lawmakers want to break up some pharmacy companies. Here's why

A new bill would prevent companies that own a pharmacy benefit manager or an insurance company from owning a pharmacy.

Cans of soup produced by The Campbell's Company are offered for sale at a grocery store on June 02, 2025 in Chicago, Illinois. During their earnings report today, Campbell's reported strong sales among their meals and beverages unit, but their snacks business dropped by 5 percent.
 

Campbell's exec fired for saying its food is for 'poor people'

Martin Bally, an executive at The Campbell's Company, was fired after a recording surfaced as part of a lawsuit.

This photograph taken on January 9, 2024 shows the main street of the ski resort of Wengen in the Berner Alps. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)
 

These are the 10 best countries in the world 2026

U.S. News & World Report releases its 2026 ranking for the best countries in the world.

Small toy figures with laptops and smartphones are seen in front of displayed Xfinity Internet logo, in this illustration taken December 5, 2021. REUTERS/Dado Ruvic/Illustration
 

Comcast agrees to $117.5M settlement. Are you eligible for a payout?

Comcast has reached a $117.5 million settlement stemming from a cyberattack that exposed the personal information of Xfinity customers in 2023.

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.
 

Trump tariff refunds begin. Who qualifies, what consumers should know

U.S. Customs and Border Protection is rolling out Trump tariff refunds after court rulings struck down billions in import duties earlier this year.

An older, worried investor is staring at a laptop screen.
 

How to make your retirement income recession-proof in 2026

Several small, simple moves can collectively make a world of difference should the economy take a turn for the worse this year.

The 2026 Cadillac Escalade V-Series.
 

These are the most expensive SUVs to refuel due to higher gas prices

Some SUVs have poor fuel economy and require Premium gasoline. These are three of the most expensive SUVs to refuel during a gas price crisis.

Dr. Dre presents the BET Ultimate Icon Award to Snoop Dogg (R) during the 2025 BET Awards at the Peacock Theatre in Los Angeles on June 9, 2025.
 

Celebrities show off their cocktails, spirits and wine

Sammy Hagar helped kick off the celebrity booze brand trend with Cabo Wabo tequila. Since then, many musicians and actors have gotten into the game.

USA TODAY
 

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