Former Federal Reserve Chair Alan Greenspan has passed away at the age of 100.
June 22 — Former Federal Reserve Chairman Alan Greenspan died Tuesday at age 100, according to a statement from his wife, as reported by NBC.
Greenspan is one of the longest-tenured Federal Reserve Chairmen in U.S. history, serving 18 consecutive years in the role from 1987 to 2006 across the presidential administrations of Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush. He was widely recognized for his work curbing inflation and upholding financial stability. During the 1990s, he presided over a decade-long U.S. economic boom that earned him the nickname "Maestro of the Economy."
However, Greenspan’s historical legacy remains deeply controversial. His decades-long advocacy for financial deregulation and commitment to low interest rates are seen by many economists as key factors leading to the 2008 global financial crisis. The bursting of the U.S. housing bubble and subsequent subprime mortgage crisis triggered a worldwide financial meltdown. During a 2008 congress
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Munich: US-Iran-Switzerland Negotiations Lay Groundwork for Final Agreement, Aiming for Regional Ceasefire
June 22: U.S. Vice President JD Vance spoke in Switzerland, saying negotiations with Iran have been going extremely smoothly and have made notable progress. Technical talks will continue, he added, as he heads back to the U.S. The technical team still has plenty of work ahead, with technical negotiations set to continue over the coming weeks and days.
Vance noted Iran has agreed to invite International Atomic Energy Agency (IAEA) inspectors back for a follow-up visit. Inspectors could start work as early as this week—maybe even today—and he said he might hold discussions with nuclear inspectors later today. He emphasized that if Iran spreads falsehoods, President Trump will respond firmly.
On regional issues, Vance said the U.S. has established a de-escalation mechanism for Lebanon, aiming to get Hezbollah to stop firing at Israel. The mechanism is meant to contain the conflict in Lebanon while ensuring proper coordination and respecting Lebanon’s sovereignty.
Additionally, Vance sa
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Is the AI-Driven Bull Market Still in the Second Half? New Fed Chair Wash Abandons Forward Guidance, Suggests More Rate Hikes Later This Year
June 22: Newly appointed Federal Reserve Chair Kevin Wash—nominated by former President Trump—is pushing for a major overhaul of the Fed’s monetary policy communication strategy. The central bank’s new leader advocates scaling back interventionist rhetoric, instead letting financial market pricing act as the primary signal for shaping economic and inflation expectations, breaking with the Fed’s longstanding tradition of relying on “forward guidance.”
At the Fed’s June policy meeting, officials held interest rates steady but signaled additional hikes could come later this year. In response, the 2-year Treasury yield climbed to roughly 4.177%, hitting a fresh high not seen since February 2025. Headline inflation remains above 4% against a complicated macroeconomic backdrop.
Historical data shows rate hikes don’t always end bull markets: in the five rate-hike cycles since the 1990s, the S&P 500 advanced four times during those periods, with the 2015–2018 cycle seeing the index surge by
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「Hedge Fund Witch」 Li Bei's Letter to Investors: Fund NAV Significantly Retraced, Strongly Cautions Against Hasty AI Chasing
June 22. On June 21, Li Bei, founder of Shanghai-based Shanghai Banxia Investment Management Center, released an open letter to investors, revealing that her fund recorded a significant net asset value (NAV) decline due to its holdings in the energy, real estate, consumer, and building materials sectors. The fund’s current net equity exposure is 50%, with positions moderately reduced by liquidating holdings with insufficient conviction.
In the letter, Li Bei openly admitted that the relevant holdings have come under heavy pressure recently, with corrections in the domestic demand and real estate sectors exceeding expectations. The most attention-grabbing part of the letter directly addressed current market sentiment: She fully understands investors who have lost patience, respects those choosing to redeem and remain on the sidelines, but for those looking to redeem to chase AI gains, she said, “Even if you scold me, I still want to advise: please be cautious.”
Regarding the reasoning
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Vance announces positive progress in US-Iran negotiations, reopens the Strait of Hormuz, Iran agrees to invite inspectors for a revisit
WASHINGTON, June 22 – U.S. Vice President Vance announced Thursday that the Strait of Hormuz has been reopened, with the U.S. and Iran establishing a long-term mechanism to safeguard unimpeded transit through the strategic waterway. Vance noted that bilateral talks in Vienna have made significant progress, with negotiators haggling until roughly 1 a.m. local time, putting solid groundwork in place for a comprehensive accord.
On the nuclear front, Vance revealed Iran has agreed to grant International Atomic Energy Agency (IAEA) inspectors return access – a major breakthrough in the long-running negotiations. Turning to the situation in Lebanon, Vance called on all factions there to maintain proper coordination to stabilize the volatile region.
Vance emphasized that much work remains ahead, however. Technical-level talks will continue in the coming days and weeks, overseen by specialized technical teams. He also warned that if Iran makes misleading claims, President Trump will respond
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