Fed Governor Miran submits resignation, throws support behind Warsh as new chair

Key Points

Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat.
Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he voted against the three decisions to hold rates steady.

Source

Finance

UFC’s Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market

May 14, 2026

Key Points Dana White in a letter to President Donald Trump urged him to reverse a cap on gambling loss deductions approved as part of his signature tax law. Odds that the cap is reversed this year jumped on prediction markets platform Kalshi. Source

Finance

Some short sellers are seeing opportunity in this tech mania. How they’re spotting fake AI stocks

May 14, 2026

Key Points Some short sellers argue the AI-driven rally is beginning to resemble previous speculative manias. Weaker companies rushed to attach themselves to the hottest market theme in hopes of attracting capital and retail traders. Source

Finance

Stocks making the biggest moves premarket: Versant, Biogen, Bullish, Cisco and more

May 14, 2026

Check out the companies making the biggest moves in premarket trading: Biogen — Shares advanced 4% after the biopharmaceutical company announced its experimental Alzheimer’s drug will advance into a phase 3 trial, despite failing to meet the main goal of the phase 2 trial. Biogen said the drug showed cognitive benefits. Versant Media Group – […]