Who was Alan Greenspan? He was one of the most influential—and disputed—central bankers in modern U.S. history, leading the Federal Reserve from 1987 to 2006. Greenspan died on Monday, June 22, 2026, at age 100. His death renewed attention on a career that spanned Wall Street, presidential administrations and nearly two decades at the center of U.S. monetary policy. Who Was Alan Greenspan? Born on March 6, 1926, in New York City, Greenspan

Alan Greenspan, the former Federal Reserve chair who shaped U.S. monetary policy for nearly two decades, died on Monday, June 22, 2026, at age 100. His wife, NBC News correspondent Andrea Mitchell, said Greenspan died at their home from complications of Parkinson’s disease. Alan Greenspan Dies After Nearly Two Decades Leading the Fed Greenspan served as chair of the Federal Res

The G7 GDP per capita ranking for 2026 places the United States first at a projected $94,430, according to the International Monetary Fund’s World Economic Outlook released Tuesday, April 14, 2026. India, at $2,813, remains below both the global average and the average for emerging market and developing economies. GDP per capita measures economic output per person at current prices and market exchange rates. It should not be interpreted as household income, wages

Jerome Powell Honored at JFK Profile in Courage Award Jerome Powell, former Chair of the Federal Reserve, was honored at the John F. Kennedy Profile in Courage Award ceremony on May 31 in Boston, Massachusetts. The event recognized his steadfast leadership in the financial sector and dedication to public service. The ceremony, organized by the JFK Library Foundation, highlighted Powell’s contributions to s

US consumer confidence falls in May as inflation, high gas prices and a softer job outlook pressure household budgets, according to the Conference Board’s latest survey. The drop shows why many Americans are pulling back on spending even as stocks remain near record highs. Why US Consumer Confidence Falls in May The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, marking the first decline after three m

Kevin Warsh took over as Federal Reserve chair at a White House swearing-in ceremony on Friday, May 22, 2026, as President Donald Trump publicly urged him to lead the central bank independently. The transition places Warsh at the center of a politically sensitive moment for the Federal Reserve, with inflation, interest rates and central bank independence all under close national scrutiny. Trump Says Warsh Should Lead Without Political Pressure

President Donald Trump said China agreed to buy 200 Boeing jets after talks with Chinese President Xi Jinping, a potential aircraft order that could bring Boeing back into a major role in U.S.-China trade discussions. Trump made the comments during a Fox News interview on Thursday, May 14, 2026, saying China had agreed to order 200 Boeing aircraft. He described the deal as a commitment, though the specific aircraft models were not immediately confirmed.

Consumer confidence in the United States fell sharply in April, reaching its lowest level on record as concerns over rising energy prices and the economic impact of the Iran conflict intensified, according to survey data released on Friday, April 11, 2026. The University of Michigan’s closely watched consumer sentiment index dropped to 47.6, marking a 10.7% decline from March and setting a new historic low. Both the current economic conditions index and the expectations index also p

A California lawmaker is seeking federal action to reverse recent labor policy changes that could significantly reduce wages for seasonal agricultural workers across the United States. On Wednesday, March 26, 2026, Representative Zoe Lofgren introduced a resolution aimed at blocking new wage rules implemented by the

Europe’s financial markets are facing a critical moment and must urgently reform to remain competitive in a rapidly shifting global investment landscape, according to the head of the world’s largest sovereign wealth fund. Nicolai Tangen, chief executive of Norges Bank Investment Management, which oversees Norway’s $2 trillion wealth fund, has issued a stark warning that Europe risks falling further behind unless it addresses long-standing structural issues in its capital markets. Speaking

The United States could face an economic impact of up to $210 billion as Operation Epic Fury intensifies tensions with Iran, according to leading budget analysts. President Donald Trump has indicated that the conflict may continue for at least four weeks, raising concerns about prolonged military spending and wider fallout for the US economy. Estimates by economist Kent Smetters of the Penn Wharton Budget Model suggest that the total cost of the Iran conflict could significantly strain federa

US President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell on Thursday following the central bank’s decision to leave interest rates unchanged, accusing him of delaying necessary rate cuts and undermining the nation’s economic strength, national security and global competitiveness. The comments came shortly after the Federal Open Market Committee announced it would maintain its benchmark interest rate, a move that aligned with market expectations but drew strong poli

The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio

US President Donald Trump on Wednesday addressed global political and business leaders at the World Economic Forum in Davos, marking the completion of his first year in office with a forceful assessment of his administration’s economic record. Speaking to the annual gathering, Trump said public sentiment toward his leadership remained overwhelmingly positive, while asserting that the country had undergone a dramatic reversal in economic conditions since he assumed office. During h

Indian-origin venture capitalist Asha Jadeja Motwani has asserted that she played a role in shaping former President Donald Trump’s recent shift in tone on the H-1B visa program, a move that has triggered debate among his political supporters. The program, which enables United States companies to hire skilled foreign workers, has long been a focal point in policy discussions involving the technology sector. Motwani said she spoke directly with both Trump and Vice President JD Vance about th

  US President Donald Trump has issued an executive order removing import tariffs on a broad selection of food products in an effort to curb rising grocery costs and ease pressure on consumers. The decision marks one of the most significant adjustments to his trade policy since tariffs were introduced as a central feature of his economic agenda. The order comes at a moment when Americans have voiced growing frustration over inflation, particularly food prices, following last we

Treasury Secretary Scott Bessent has outlined the administration’s new approach to the H-1B visa programme, describing it as a targeted effort to bring in temporary foreign specialists who will train American workers rather than replace them. His remarks came during a televised interview in which he emphasised that the policy is intended to support the rebuilding of domestic manufacturing, shipbuilding capability, and semiconductor production after years of industrial decline. Bessent said the redesigned system is centred on the idea of “knowledge transfer,” where overseas experts are invited to the United States for a limited period to help restore technical capacity in critical sectors. According to him, the administration views this model as essential to equipping American workers with advanced skills that have diminished as supply chains and production moved abroad. He explained that the visa structure is meant to ensure that expertise flows into the country long enough for domestic workers to learn the required competencies before the foreign specialists return home. Addressing recurring concerns that increased reliance on foreign talent could displace American employees, Bessent maintained that the policy does not threaten domestic job opportunities. Instead, he argued that the United States currently lacks specialized talent in areas that have not been active on American soil for many years. He noted that industries such as shipbuilding and semiconductor fabrication require highly technical knowledge, which is more readily available in countries that have continued to develop those sectors. In his view, bringing in experts to train Americans is necessary for rebuilding industrial strength, not a means of outsourcing jobs. The comments followed President Donald Trump’s recent statements explaining that the country needs temporary foreign experts to accelerate the transfer of technical skills. The president said the United States does not currently have enough workers with the precision training required for advanced manufacturing, adding that it would be unrealistic to expect individuals without experience to instantly take on tasks such as missile production or microchip engineering. Both Trump and Bessent described the policy as a practical step toward reducing long-term dependence on imports by cultivating a stronger domestic workforce. Bessent also discussed broader elements of the administration’s economic agenda, including ongoing talks about a potential USD 2,000 tariff rebate for families earning less than USD 100,000 annually. He said the proposal is part of an effort to ensure that households directly benefit from trade policies designed to strengthen national competitiveness. The rebate, he added, is one component of the administration’s push to align the interests of Wall Street and Main Street, a vision he referred to as “Parallel Prosperity.” Looking ahead, the Treasury secretary predicted that 2026 could become a milestone year for the United States economy if the administration’s policy framework succeeds in restoring industrial capacity and stabilizing financial markets. He emphasized the importance of maintaining a deep and liquid Treasury market, suggesting that economic growth will depend on strong foundations that support both investment and employment. Throughout the interview, Bessent portrayed the H-1B reform as a crucial part of that broader plan, arguing that rebuilding the nation’s industrial base requires a temporary infusion of global expertise to ensure Americans can take full ownership of high-skilled jobs in the future.

United States President Donald Trump has once again defended his administration’s tariff policies, claiming that the strategy has played a major role in strengthening the U.S. economy and boosting the stock market. Since returning to office for his second term, Trump has emphasized a renewed focus on economic nationalism, arguing that countries trading with the United States must pay tariffs determined by the government to protect American interests. In his latest remarks, Trump a

US President Donald Trump’s abrupt decision to impose a $100,000 fee on new H-1B visa applications has triggered heated debates across global markets. While the move is designed to discourage foreign workers from entering the United States, economists warn that its long-term impact could weigh more heavily on the US economy than on India, the country supplying the majority of H-1B talent. H-1B visas are critica

Every year, thousands of highly skilled Indian professionals move to the United States on temporary work visas such as the H1B and L1. Their contributions to the American technology sector and wider economy are undeniable, powering billion-dollar businesses and playing a crucial role in innovation and growth. Yet while these professionals help build wealth abroad, billions of their own hard-earned dollars vanish into the US system without ever returning to them. The absence of a totalisation