Trump picks billionaire banker Warren Stephens as US envoy to UK

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The story "Trump picks billionaire banker Warren Stephens as US envoy to UK" was covered 2 days ago by Financial Times, a news publisher based in United States.

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Financial Times 2d ago

Trump picks billionaire banker Warren Stephens as US envoy to UK - Financial Times

Quick Summary:

Along with its peers — Archer Daniels Midland, Bunge and Louis Dreyfus — Cargill had thrived during pandemic volatility and Russia’s invasion of Ukraine in 2022.

Cargill, the world’s largest agricultural commodities trader, is cutting 5 per cent of its 164,000-strong workforce after missing profit targets.

The market added to its gains after Fed governor Christopher Waller said that he favoured lowering interest rates when the central bank meets later this month.