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Republican Sen. Thom Tillis Vows To Block Trump’s Fed Nominees Following Powell Probe

by The Wealth Advisor Contributor
Sen. Thom Tillis (R-N.C.) said he will block any Trump Fed appointees, including for chair, in light of revelations of Powell investigation.

Featured

Credit Card Stocks Sink After Trump Proposes 10% Cap On Fees: 'Yikes'

Shares in major credit card lenders tumbled in early trading Monday after President Trump proposed a 10% cap on the fees these cards charge customers.

Jay Powell: DOJ Threatens Criminal Indictment

(AP) Federal Reserve Chair 

'Inflation Will Surprise to The Downside in 2026':

Wall Street expects juiced economy, stock gains in 2026. Strategists predict gains driven by rate cuts, tax incentives, lower-than-expected inflation.

Recent

Washington Wire

Powell Stresses 'No Decisions' Made on September Cut as Fed Holds Rates Steady, Defying Trump Again

The Fed held interest rates steady for the fifth meeting in a row as two Fed governors dissented underscoring division within the central bank.

RIA Knowledgebase

From Stagflation Fears to Bull Market Optimism: What RIAs Should Know About the Market’s Sudden U-Turn

Over the past few months, the market narrative has flipped dramatically. Client conversations were centered on stagflation risk and trade uncertainty.

FundFocus

UBS Americas Wealth Management Sees Revenue Increase, But Experiences Outflow of Money and Loss of Advisors

UBS’s Americas wealth management division reported solid financial performance in Q2, with both revenue and profit rising year over year.

Companies

JPMorgan Nears Deal To Take Over Apple's Credit Card Program, WSJ Reports

JPMorgan Chase (JPM) is in advanced talks to take over Apple's (AAPL) credit card program from Goldman Sachs.

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The Trust Advisor

Amy Schumer Takes a $1.25 Million Loss on Iconic NYC Brownstone Amid Divorce

Washington Wire

Trump Says He Wants Government To Buy $200B In Mortgage Bonds In A Push To Bring Down Mortgage Rates

FundFocus

AI Boom Is In Early Bubble Phase, Bridgewater Founder Ray Dalio Says

Companies

JPMorgan’s Asset Management Will No Longer Use Controversial Proxy Advisors For Shareholder Votes

Practice Management

Private Equity Management Fees Hit New Low in 2025

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