QtrendsAlan Greenspan dies at 100, global tributes pour in
Alan Greenspan, the longest-serving chairman of the US Federal Reserve, has died at the age of 100. Greenspan oversaw the American economy through the 1990s boom, the dot-com bubble, and the 2008 financial crisis, earning both praise and criticism for his hands-off regulatory approach. Major outlets including CNN, BBC, AP News, and CNBC have published extensive retrospectives on his legacy. His death marks the end of an era in central banking.
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China has added 10 US entities to its export control list and banned government procurement from 46 US companies, escalating trade tensions between the world's two largest economies. At the same time, Beijing signaled it would support qualified foreign companies in listing on domestic stock markets, maintaining a dual-track approach of restriction and opening. NYT reported that China is also tightening its grip on rare-earth exports, threatening a broader trade confrontation.
High-level US-Iran negotiations concluded in Switzerland with both sides and mediators reporting significant progress. Vice President Vance characterized the talks as showing 'great progress,' though he acknowledged 'threatening' and 'whining' during exchanges. A former Trump official told CNN the emerging framework is 'enormously helpful' to Iran. The talks represent the most serious diplomatic engagement between Washington and Tehran in years.
US stocks showed mixed results, with the S&P 500 and Nasdaq edging lower as 'Magnificent Seven' tech stocks dragged on the market. However, the broader market partially recovered the previous day's losses. Goldman Sachs identified a post-merger travel stock as a bullish bet, signaling selective optimism in the market. Investors remain cautious amid political uncertainty from the UK and ongoing trade tensions with China.