Texas AG Takes on Asset Giants ⚖️

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Ryan Serkes
August 04, 2025

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Hi everyone, here is your 📈 Daily Trade.

Here's what's happening today:

📊 Trump's economy faces warning signs
⚖️ Texas AG wins legal battle against asset managers
🔄 Fed Governor Kugler steps down
🎁 +8 other news you might like
📉 US job growth slows amid trade tensions
📉 Slow US job gains expected in July

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📊 Trump's Economic Policies Face Growing Challenges Link
  • Economic indicators show job growth slowing and inflation rising.
  • Trump's policies, including tariffs and tax changes, are under scrutiny.
  • Political risks increase as midterm elections approach with economic uncertainty.
⚖ Texas AG's Antitrust Case Against Major Asset Managers Advances Link
  • A judge allows Texas and other states' lawsuit against BlackRock, State Street, and Vanguard to proceed.
  • The states accuse the firms of forming an 'investment cartel' to manipulate energy markets.
  • The lawsuit claims the asset managers' actions have led to increased energy prices.
🔄 Federal Reserve Governor Kugler Resigns, Opening New Appointment Opportunity Link
  • Adriana Kugler's resignation allows President Trump to appoint a new Fed board member.
  • Kugler's departure comes amid Trump's criticism of the Federal Reserve's interest rate policies.
  • The resignation could influence future monetary policy decisions and economic direction.
📉 U.S. Job Growth Slows as Trade Tensions Weigh on Economy Link
  • The U.S. added fewer jobs than expected, with significant downward revisions for previous months.
  • Trade policies and tariffs are creating uncertainty and affecting hiring decisions.
  • Economists warn of potential further weakening in the labor market and economic growth.
📉 July Job Growth Expected to Slow Amid Rising Unemployment Rate Link
  • Analysts predict a slowdown in job growth with rising unemployment.
  • Tariff uncertainties and reduced labor supply impact economic outlook.
  • The Federal Reserve may face pressure to adjust interest rates in response.

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  • 🕵️‍♂️ Johnson Fistel investigates companies for shareholder rights (Link)
  • 💰 Array declares special dividend (Link)
  • 🤝 LPL Financial acquires Commonwealth Financial Network (Link)
  • 🔄 Trump delays new tariffs by a week (Link)
  • ✈️ V2X awarded $4.3B contract for Air Force support (Link)

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