QtrendsOil prices fluctuate as markets weigh China's demand outlook and Trump hedges on Iran sanctions enforcement. Tesla faces a federal probe after a fatal crash into a Texas home. Wall Street sees a partial recovery as Big Tech weakness offsets easing oil prices. Former Federal Reserve Chairman Alan Greenspan dies at 100, prompting reflection on his complex legacy as both a monetary maestro and a figure whose policies preceded the 2008 financial crisis.
The future direction of global oil prices increasingly depends on China's economic trajectory and its energy demand. Meanwhile, former President Donald Trump offered an ambiguous response when asked whether Iran could use oil revenue to rebuild its military, saying 'We'll see.' U.S. oil producers are also choosing not to capitalize on opportunities to grab market share from Gulf rivals, adding to supply-side uncertainty.
U.S. auto safety regulators have opened a special investigation after a Tesla vehicle crashed into a home in Texas, killing a 76-year-old woman. The National Highway Traffic Safety Administration is leading the federal probe, which will examine whether Tesla's driver-assistance systems played a role in the accident. The crash has reignited questions about the safety of autonomous driving technology deployed on public roads.
U.S. stocks drifted on Monday as easing oil prices provided some relief to markets, though declines in Big Tech shares weighed on sentiment. The S&P 500 managed to recoup much of the previous session's losses by the close. Salesforce's stock extended its record losing streak, raising questions about the company's ability to reinvent itself amid shifting enterprise software demand.
In the wake of Alan Greenspan's death, analysts and historians are revisiting his nearly two-decade tenure as Federal Reserve chairman. Once hailed as a monetary maestro, Greenspan's legacy is now more complicated — critics point to his role in fostering the conditions that led to the 2008 financial crisis, including the concept of the 'Greenspan put' that encouraged market risk-taking. Kevin Warsh, a potential future Fed chair, has reportedly looked to Greenspan's era for guiding principles.
Alan Greenspan, who served as chairman of the Federal Reserve from 1987 to 2006, died Monday at his home in Washington at the age of 100. Greenspan presided over some of the most transformative decades in modern American economic history, from the stock market crash of 1987 to the dot-com boom and bust. He was widely regarded as the most powerful central banker of his era, respected by global leaders and feared by financial markets.