Alan Greenspan, who led the Federal Reserve from 1987 to 2006 under four presidents, died at 100 from complications of Parkinson’s disease. His legacy spans a long economic expansion, market crises and later criticism over deregulation before the 2007-08 financial collapse.
Posts published in “Financial”
EasyJet has rejected Castlelake’s latest £4.7 billion all-cash takeover proposal, saying it undervalues the airline. Castlelake has made the offer public ahead of a Friday deadline to make a firm bid or walk away.
The Lincoln Memorial Reflecting Pool renovation has encountered algae blooms and peeling blue sealant after a project whose cost rose above $14 million. The Interior Department says crews are using hydrogen peroxide, vacuums and nanobubble ozone technology to clear the water.
Cuba has approved 176 free-market measures that would expand private enterprise, foreign investment and private banking as the island faces severe shortages and U.S. pressure. President Miguel Diaz-Canel said urgent changes are needed but insisted the reforms aim to preserve socialism.
The national average price for regular gasoline fell below $4 a gallon for the first time since March after a preliminary U.S.-Iran agreement to end the war and reopen the Strait of Hormuz. Prices remain well above prewar levels, and experts warn broader cost pressures may persist.
California’s proposed billionaire wealth tax has qualified for the November ballot after supporters submitted enough signatures. Backers still have until June 25 to decide whether to proceed as opponents, including Gov. Gavin Newsom and major tech figures, mobilize against it.
Trump and Iranian President Masoud Pezeshkian signed a 60-day initial agreement to halt the war, reopen the Strait of Hormuz and begin talks on Iran’s nuclear program. The deal drew praise from G7 leaders and sharp criticism from U.S. lawmakers and Iranian hardliners.