Business & Markets — June 28, 2026

Alan Greenspan dies at 100. Greenspan led the Federal Reserve for 19 years under four presidents, famous for his deliberately opaque "Fedspeak." His legacy was complicated by the 2008 financial crisis.

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New York City freezes rents for two years. The city's Rent Guidelines Board voted 7-1 this week to freeze rents on about one million regulated apartments, fulfilling a central campaign promise of Mayor Zohran Mamdani.

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Oil prices erase all wartime gains. Tankers stranded in the Persian Gulf for months began moving through the Strait of Hormuz this week, easing supply concerns and pushing oil prices back to pre-conflict levels.

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Trump blocks bipartisan housing bill. Congress passed a broad housing affordability package this week with bipartisan support, but Trump refused to sign it, demanding Congress first pass the SAVE Act.

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