As the financial world remembers the former Fed chair, economists weigh his massive macroeconomic legacy. Alan Greenspan, the second-longest serving chairman of the Federal Reserve’s Board of Governors, has died just months after his 100th birthday. Known as “The Maestro,” Greenspan helmed the Fed under five U.S. presidents, from August 1987 until January 2006. He…
In the last few years, there has been a notable shift in the state propaganda coming out of North Korea. A young girl — maybe 13 or so — has become a fixture at most major state events. Before an intercontinental ballistic missile launch, she can be seen side by side with her father, North…
The foundation of Substack in 2017 was “basically to make it simple for writers to start an email newsletter that makes money from subscriptions, from direct mailings,” Renée Kaplan, Head of Partnerships France at Substack, told participants at our World News Media Congress in Marseille. Today, nearly 10 years later, there are more than 5…
B&M European Value Retail has appointed Asda executive Atheeq Akbar as its new chief financial officer, ending an extended period of instability in the role that began with an accounting error and a series of profit warnings. Announced on 24 June 2026, the appointment takes effect in February 2027, with Akbar joining from his position…
Former Pfizer executive David Denton steps into the CFO role amid a bruising stock decline. Nike Inc. said Tuesday it has hired David Denton as its next chief financial officer, tapping the former Pfizer Inc. finance chief to help stabilize a company navigating one of the most difficult stretches in its history. Denton will join…
This was already going to be a week of reflection on the legacy of Brexit. The referendum in which British voters shocked the world by narrowly opting to leave the European Union took place 10 years ago this Tuesday. But it’s become more of a live issue with British Prime Minister Keir Starmer’s announcement that…
Since Donald Trump’s 2024 victory, the Democratic Party has been embroiled in a vicious internal conversation over “moderation.” One camp argues that the party has moved too far to the left on cultural issues, particularly immigration and trans rights, and that it needs to tack to the center in order to secure its long-term political…
In finance, risk is rarely where you expect it. It hides in concentration, in single points of failure, in dependencies that look like efficiency until the day they do not. Most finance leaders are well drilled at spotting it in portfolios, counterparties, and liquidity. Far fewer apply the same discipline to their own operations, where…
The most fun websites to build are websites that interact with outside sources. A user is an outside source! I’m obviously a bit partial to a website that asks a user to build stuff. That’s fun. But any outside source can be fun. Accepting uploads and doing something weird or useful with the data. Or…
The bank names former Dream Sports executive and investment banker Raj Rathi to lead M&A business in India. Citigroup Inc. has appointed veteran investment banker Raj Rathi as its new head of mergers and acquisitions in India, effective this month. The appointment comes as Citi deepens its advisory capabilities to capture opportunities in the Asian…