Trump Taps Fed Expert as Economic Outlook Shifts
US President Trump has been in frequent contact with Federal Reserve Chair Kevin Warsh since he took office, seeking his counsel on various matters, including the economic impact of the war in Iran. Warsh has provided guidance to Trump on these issues.
Block, a financial solutions provider, has raised its full-year growth outlook and reported higher second-quarter revenue due to increased demand for its commerce and financial services businesses. This offset declines in Bitcoin prices.
Citadel's Ken Griffin's firm has seen a 14% gain in its stock-focused hedge fund in July following the purchase of Situational's stocks at a discount.
The US Treasury Department has decided not to increase long-term bond issuance for now, while the UK's top financial regulator is easing listing rules to make London a more attractive destination for initial public offerings.