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The Latest Breaking News from Larry Summers

Trump's plan to create a national Bitcoin reserve is 'crazy' says former Treasury Secretary

President-elect Trump proposed creating a strategic Bitcoin reserve, in part to beat out China.

Fortune

Cathie Wood Bets On Thriving IPO Market Under Trump: 'Will Give...Liquidity Events That They Have Not Enjoyed During The Last Four Years'

Her comments, made during a session released last Friday, comes at a time when the market is experiencing increased volatility that anticipated the effect of a second term of Trump on the Wall Street.

Benzinga

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

International Business Times UK

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Major asset manager makes bold interest rate prediction for 2025

The 10-year Treasury yield has climbed 31 basis points year to date.

The Street

Veteran fund manager delivers blunt words on stock market

The S&P 500 index has surged 23% year to date.

The Street

Fed official's latest words reignite interest-rate cut debate

The Federal Reserve lowered interest rates half a percentage point in September.

The Street

Veteran fund manager bluntly says why popular stock forecast is wrong

The S&P 500 index has climbed 21% year to date.

The Street

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Druckenmiller, Summers deliver blunt messages to Fed on interest rates

The Federal Reserve cut interest rates 0.5 percentage point in September.

The Street

Goldman Sachs revamps interest rate forecast as stocks slump

The change came after Friday's weak July jobs report.

The Street

Will Trump's economic policies really cause 'the mother of all stagflations'? Here’s what experts say

Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is inflationary...But they're also a modest support to U.S. economic conditions.”

Fortune

Goldman Sachs forecasts what’s next for the Fed’s dot-plot rate outlook

Analysts assess the Federal Reserve's so-called dot plot, which tracks Fed officials' estimates of the direction of interest rates.

The Street

Former Treasury official unveils startling interest rate prediction

The 10-year Treasury yield has slid to 4.3% from 4.62% May 29.

The Street

Kevin O'leary Proposes ANWR Oil Royalty Plan To Reduce Debt

Larry Summers warns of inflation risks under Trump's policies and proposes emulating Norway's oil wealth management to reduce U.S. debt.

Top News

Anthropic's position on AI safety is helping it attract researchers from OpenAI

Anthropic's stance on AI safety is helping it lure AI researchers away from OpenAI, whose trust and safety credentials taken a battering in recent weeks.

Fortune

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The Street

Goldman Sachs unveils favorite tech stocks after earnings reports

The S&P 500 tech stock index has climbed 11% year to date.

The Street

Should you buy bonds now? Here's what Vanguard thinks

Stocks are up, and bond prices are down this year.

The Street

Veteran fund manager delivers blunt warning on stocks

Here's what could happen to the stock market next.

The Street

Ex-Treasury official unveils startling interest rate outlook

Here's what could happen to interest rates next.

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news in one place.

100’s of premium titles.
One news app.

The Street

OpenAI board member has a scary prediction for the future of work

Former Treasury Secretary Larry Summers said that it will take years for people to realize real productivity gains from AI.

Reason

Most Americans Aren't Buying Biden's Misleading Narrative That the Economy Is Getting Better

The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.

WEKU

Here's a big reason why people may be gloomy about the economy: the cost of money

Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.

Reason

The 'Vibescession' Will Continue Until Interest Rates Fall

A new economic paper explains why interest rates are the missing piece to understanding why people are unhappy about a seemingly strong economy.

International Business Times UK

OpenAI Delays Launch Of Custom GPT Store, Here's Why

One of the recently appointed board members at OpenAI, Larry Summers has emphasised the importance of operating as a corporation with a conscience.

Windows Central

Strange Sam Altman saga concludes with Altman back as OpenAI CEO and Microsoft holding a non-voting seat on the board

OpenAI co-founder Sam Altman is back at the company as CEO after being fired earlier this month. The move coincides with a major restructuring of the OpenAI board, which now includes Microsoft as a non-voting member.

Fortune

3 problems with the new OpenAI board and what the company needs to do next

Diversifying the board may be the most urgent issue facing OpenAI's directors.

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People

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