Author: Angel City Editorial Team

The number of people unhappy with their financial advisors may be higher than you think, and it’s not because of poor investment performance.A recent YCharts survey found that 75% of advisory clients will change or are considering changing their advisor in 2023. 56% cited “deeper understanding of me and my goals” as the primary driver of satisfaction, even surpassing portfolio performance, and over 75% said increased frequency and personalized communication boosted their confidence and influenced their decision to stay. As the founder of a service that matches people with fee-only advisors, I’ve heard from both sides: The most successful advisor-client…

Federal Reserve Chairman Jerome Powell reiterated Tuesday in his semi-annual testimony before the Senate Banking Committee that it would “not be appropriate” to cut interest rates until there is greater confidence that inflation is sustainably trending toward 2%. Powell told the Senate committee that easing policy restraints too soon or for too long could stall or reverse progress against inflation. “We need more and better data on inflation,” Powell said, adding that the timing of any rate cuts would depend on the data. He also reiterated comments made in June that an unexpected weakening of the labor market could lead…

Paramount’s Times Square offices. Getty Images Credit reporting firms are closely watching the company, which just completed a deal to transfer control of entertainment giant Paramount Global to David Ellison’s Skydance. Moody’s has put Paramount’s ratings on review for downgrade and warned that if that were to happen, the company’s debt could be rated at “junk” bond level. “The consideration for downgrade is triggered by continued secular pressure on the company’s television networks, a slow shift toward greater scale in direct-to-consumer (DTC) streaming, and Paramount’s agreement to merge with Skydance, a smaller independent film and TV studio,” the credit research…

Full Time newsletter ⚽|This is The Athletic’s weekly women’s soccer newsletter. To receive Full Time directly to your inbox, sign up here.The NWSL sprinted into the Olympic break and I sprinted into my Olympic coverage.Emily Olsen here in New York, joining Steph Yang to update you on the U.S. Women’s National Team’s Olympic status. Meg Linehan is slowly packing for France. Welcome to Full Time!Want to know more? Check out our “Full Time” podcast, where we bring you analysis of the NWSL season so far. We’re broadcasting live from New York right now…Olympic Media Day: A look at Emma Hayes…

Happy Tuesday! It feels like at least 24 political news cycles have passed since our last newsletter. Send your news tips to cristiano.lima@washpost.com. Today:Biden’s tech and communications officials will face hostile House RepublicansPresident Biden’s tech and communications authorities are likely to face sharp criticism from House Republicans as leaders of the Federal Trade Commission and Federal Communications Commission head to Congress on Tuesday to defend their requests for increased budgets.Two key House subcommittees will have their first opportunity to question agency leaders since launching several high-profile Democratic-led initiatives, including restoring “net neutrality,” proposing new child privacy protections and investigating artificial…

Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on Tuesday.In prepared testimony, Powell told senators that inflation has improved in recent months but that the case for cutting rates would strengthen once more and better data becomes available.”Further and better data will strengthen our confidence that inflation is sustainably heading toward 2 percent,” Powell said.”While we saw little progress toward our 2 percent inflation objective early this year, recent monthly data suggest further moderate progress,” the Fed chairman said.He also said, “higher inflation is not the only risk we face.””Reducing policy restraints too late or not enough…

Athletic Brewing Co. continues to make big moves. The non-alcoholic beer brand is now listed as one of the largest craft beer brands in the U.S. According to the Brewers Association’s definition of craft beer, Athletic is ranked as the 10th largest craft brewery in the U.S. by sales in 2023. This is an incredible feat for a brand that only produces non-alcoholic beer, and it symbolizes the potential of the non-alcoholic beer movement. Growth-stage Athletic Brewing Co. announced in June the purchase of its second brewing facility in San Diego (and third overall) for an undisclosed amount. The 107,000-square-foot…

Regardless of the model, Apple Watches are notorious for having short battery life, which is why you’ll need to charge them every day. This can be a bit of a problem when traveling, because unlike all other Apple devices that can currently be charged via USB-C, the Apple Watch requires its own charging pack, so unless you have a fancy (and expensive) multi-device charger like the Anker MagGo, Twelve South ButterFly, or Mophie’s 3-in-1 Travel Charger, you’ll need to bring a charging cable for your Apple Watch when traveling. Well, Nomad may have solved that problem: the company has announced…

A Russian disinformation story about the wife of Ukrainian President Volodymyr Zelensky buying a Bugatti with US aid money spread like wildfire across the internet in the space of 24 hours. The story originated from an unknown French website, but quickly became a trending topic on X and a top search result on Google.On Monday, July 1, a news article was published on the website Verité Cachée. The headline of the article was “Olena Zelenska is the first owner of the new Bugatti Tourbillon.” According to the article, during a trip to Paris with her husband in June, the First…

Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it is providing fintech companies with wire transfer capabilities, enabling them to better serve consumers and businesses by providing new options for fast and secure fund transfers. Through its wire transfer API, Galileo will connect fintech companies that partner with Community Federal Savings Banks (CFSBs) to Fedwire via their sponsor bank, CFSB. According to the Fedwire Funds Service, the company processed more than 193 million wire transfers in 2023. By enabling Fedwire transfers, Galileo provides a scalable solution to meet the growing demand…