Bradley Keoun covers markets and finance for TheStreet.
A former reporter and editor for Bloomberg News in New York and Mexico City, he covered the financial crisis of 2008 and has written about U.S. banks, the energy industry and emerging markets.
Keoun, who previously worked for the Gainesville (Fla.) Sun and Chicago Tribune, has a master's in journalism from the University of Florida and a bachelor's in electrical engineering from Duke University. You can reach him at firstname.lastname@example.org and follow him on Twitter @liqquidity.
The International Monetary Fund cut its forecast for global growth this year to 3.2%, from an April projection of 3.3%. But the organization increased its forecast for U.S. growth by a 0.3 percentage point to 2.6%.
Despite U.S. lawmakers' skepticism toward Facebook's proposed digital token, Libra, individual investors are eager to trade cryptocurrencies like bitcoin, TD Ameritrade CEO Tim Hockey says in an interview.
TD Ameritrade says CEO Tim Hockey will depart in early 2020. Chairman and former CEO Joe Moglia says the board will engage in a national search for a successor.
BlackRock says second-quarter profit fell by 7% to $1 billion, due to lower securities-lending revenue and performance fees.
Ally Financial, the U.S. auto lender, posts adjusted Q2 earnings of 97 cents a share, beating analysts' average estimate of 81 cents. The company noted a record 3.3 million applications.
The biggest U.S. private-equity firm says second-quarter net income tumbles 58% to $647 million, as investment income slid. CEO Stephen Schwarzman touted the company's success in luring new money from big investors, including public-pension funds.
Morgan Stanley said second-quarter profit tumbled 9% from a year earlier to $2.25 billion. Earnings per share were $1.23, exceeding the $1.14 average estimate of Wall Street analysts.
David Marcus, a Facebook executive who oversees the social network's drive to create a new cryptocurrency, told a U.S. House of Representatives committee hearing that Facebook will be patient and delay any launch until regulators can complete a review of the proposal and grant the appropriate approvals.
Bank of America said second-quarter profit rose 8% from a year earlier to $7.3 billion. Earnings per share were 74 cents, exceeding the 71-cent average estimate of Wall Street analysts.
Federal Reserve Chair Jerome Powell says 'uncertainties about the outlook have increased,' as many traders bet that the central bank will cut U.S. interest rates later this month for the first time since before the 2008 financial crisis.
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