Larry Summers

Larry Summers, the former U.S. Treasury Secretary and Harvard University president, has reportedly resigned from the board of OpenAI due to his connections with  Jeffrey Epstein, the late financier and convicted child sex trafficker. Summers To Follow OpenAI’s Progress Summers...

President Donald Trump said on Friday that he has asked the Department of Justice to examine the connections between his onetime associate Jeffrey Epstein and several prominent figures.  JPM stock is down. See the price action here.  "Epstein Hoax" He named Bill Clinton, former Treasury...

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s decision to allocate $20 billion in taxpayer funds to Argentina, a move that comes at a time when Americans are still struggling at home. It’s A Bailout For ‘Wall Street Hedge Funds’ On...

Former Treasury Secretary Lawrence H. Summers warned that President Donald Trump's proposal to eliminate quarterly corporate earnings reports could weaken accountability and transparency in U.S. markets. Summers Pushes Back On Trump's Idea In a post on X, formerly Twitter, Summers drew a sharp...

Treasury Secretary Scott Bessent criticized former Treasury Secretary Larry Summers on Monday, calling his recent television comments about Trump’s tax legislation “shockingly callous” and demanding a public apology. What Happened: The confrontation stems from Summers’...

Former Treasury Secretary Lawrence Summers has sharply criticized the tax bill by the President Donald Trump administration amid the ongoing feud with Elon Musk. What Happened: Describing the “Big Beautiful Bill” as a “prescription for deadly, dangerous decline,” Larry...

Former U.S. Treasury Secretary Lawrence Summers warns that the U.S. Dollar may no longer be the sanctuary that investors from across the globe once counted on. What Happened: While speaking on The Call, a podcast by the U.S. Chamber of Commerce last week, Summers pointed to the recent shift in...

The past week has been a whirlwind of economic and political news. From a second federal judge blocking President Donald Trump’s emergency tariff powers to former Treasury Secretary Larry Summers issuing a stark warning about America’s fiscal trajectory, the headlines have been filled...

Economist and Nobel laureate Paul Krugman is sounding the alarm yet again for the U.S. economy, likening its current vulnerabilities to those typically seen in emerging markets. What Happened: In his Substack newsletter on Thursday, Krugman published an article titled “Gaming Out A Sudden...

A viral post on X speculates that President Donald Trump might see a strategic upside in a recession. What Happened: On Thursday, popular newsletter, The Kobeissi Letter, posted on X, drawing parallels between Trump’s economic agenda and the current state of the markets and the broader macro-...

Former Treasury Secretary Larry Summers issued a stark warning to President Donald Trump, urging the latter to retreat on the taxes, as he did with the tariffs. What Happened: On Wednesday, in a post on X, Summers said the “country risk trade is back,” citing simultaneous selloffs in U....

According to a new Harvard study, the tariffs imposed by the U.S. Government on “Liberation Day” over a month ago have sparked broad-based retail price increases, impacting not just imports but also goods made in America. What Happened: The study, published on 17th May, and led by...

What Happened: On Monday, Former Treasury Secretary Larry Summers shared highlights on his X account from his appearance on CNN's “The Arena,” where he discussed the Trump administration's move to back off from its “extremely punitive” tariff regime against China. Summers...

Former Treasury Secretary Larry Summers and economist Peter Schiff have sharply criticized a reported $400 million gift of a Boeing Co. (NYSE:BA) 747-8 jumbo jet from Qatar’s royal family to President Donald Trump. What Happened: Summers questioned on X why universities face scrutiny for...

The past week has been a rollercoaster ride for the markets, with significant shifts and potential economic shocks looming on the horizon. From the unique advantage of the US in navigating economic shifts due to its dollar-denominated debt, to the escalating tariff war initiated by President Donald...