Page 7 - Peter Mallouk News Today

"The primary use of crypto is speculation, and so its failure is unlikely to have broader repercussions," a law professor told Insider.

David Rubenstein, the multibillionaire co-founder of The Carlyle Group, thinks the Federal Reserve will face difficulty in bringing down high inflation.

Inflation showed signs of slowing down in July, but consumer prices remain well above the nation's 40-year high in certain parts of the country, the Labor Department reported.

Federal Reserve Vice Chair Lael Brainard signaled on Wednesday that policymakers are prepared to fight inflation for as long as needed until prices start to cool.

Regulatory changes have made the RIA fiduciary model more attractive for clients and advisors.

Buyers and sellers are overhauling their firms by folding in accounting and newly-launched independent advisors.

Milwaukee-based Wipfli includes 80 advisors, a retirement-plan services group and a digital investment tool, Avid.

Wipfli Financial Advisors acquisition comes with retirement practice and mass-affluent focused tech platform.

These market cycles are inevitable, and arguably good for the industry in the long run.

FOX Business host Larry Kudlow gives his take on economic issues like rising inflation, recession and the Fed raising their target rate by 75 basis points on "Kudlow."