QtrendsAlan Greenspan dies at 100, remembered as iconic Fed chair
Alan Greenspan, the former Federal Reserve chairman who shaped American economic policy for nearly two decades, has died at the age of 100. Appointed by President Ronald Reagan, Greenspan presided over the longest peacetime economic expansion in US history. His tenure was defined by the 'Greenspan put'—a perceived Fed safety net for markets—and his legacy remains deeply divided in the wake of the 2008 financial crisis.
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Micron's upcoming earnings report is the focal point of this week's market action, with the stock already quadrupling year-to-date. Wall Street analysts broadly expect the chipmaker to meet elevated expectations. Super Micro Computer is also enjoying its best rally in a year, fueled by its partnership with Nvidia. The results could set the tone for the broader tech sector.
As the world reflects on Alan Greenspan's career, economists remain sharply divided over his legacy. At his peak, Greenspan was hailed as perhaps the finest central banker in history. However, his reputation was severely damaged by the 2008 financial crisis, which critics argue his low-interest-rate policies helped fuel. Meanwhile, Kevin Warsh, a potential future Fed chair, is reportedly studying Greenspan's approach as he designs his own strategy.
China is tightening economic restrictions on American companies across multiple fronts. Beijing promises to support foreign-funded firms seeking domestic listings, but simultaneously adds 10 US entities to its export control list and bans government procurement from 46 US companies. New York Times reports China is also tightening its grip on rare-earth supplies, threatening a fresh trade clash with Washington.