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The Latest Breaking News from Larry Summers

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

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Veteran fund manager bluntly says why popular stock forecast is wrong

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

The Street

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

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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

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

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The Street

Ex-Treasury official unveils startling interest rate outlook

Here's what could happen to interest rates next.

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.

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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.

Fortune

Sam Altman is back at OpenAI. Where are the women?

The two women on the leading AI company's board are out. Three men are in.

Fortune

Larry Summers, who more and more thinks 'ChatGPT is coming for the cognitive class,' just joined OpenAI's board to seal Sam Altman's triumphant comeback

The former Treasury secretary told Bloomberg months ago that "the people who write articles and their friends" are more at risk from tech this time around.

The Street

Elon Musk pleased with the result of OpenAI’s 'Game of Thrones'

The power struggle at ChatGPT creator OpenAI seems finally to have settled down.

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People

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