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The Latest Breaking News from Lawrence H Summers

Elizabeth Warren Says Trump Is Giving $20 Billion To Argentina While Americans Can't Afford Groceries: Calls Out Bailout For 'Wall Street Hedge Funds'

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.

Benzinga

Trump's Plans To Scrap Quarterly Earnings 'A Bad Idea,' Says Larry Summers: 'Accountability' Has Been Key To Success Of American Markets

Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week.

Benzinga

Trump Tariffs Fueling Inflation, Warn Economists As 72% Of CPI Components Surge Past Fed's Target: 'Inflation Risks Are Rising'

Inflationary pressures continue to mount, reemerging as the top concern among economists and market watchers, who place the blame squarely on President Donald Trump’s trade and tariff policies.

Benzinga

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Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'

Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.

Benzinga

Short Seller Jim Chanos Says 'China Should NOT Be The Standard' For Financial Reporting As Trump Pushes For Getting Rid Of Quarterly System

Veteran short seller Jim Chanos has sharply criticized the notion of adopting Chinese financial reporting standards in the U.S., saying that the Asian country should “NOT” be a benchmark for financial reporting in the U.S.

Benzinga

Larry Summers Warns Trump's Push To Scrap Quarterly Earnings Will Affect How Markets Function: 'Students Don't Like Grades…'

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.

Benzinga

Larry Summers Blasts Trump Foreign Policy, Says President Has Made World 'Dangerous' For All: He's United Our Adversaries

Former Treasury Secretary Lawrence H. Summers said a week of high-profile pageantry in China with Xi Jinping hosting Vladimir Putin, Kim Jong Un, senior Iranian officials and India's prime minister Narendra Modi, shows U.S. strategy has "united our adversaries and divide[d] our friends," calling it a "spectacular" failure of American…

Benzinga

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Stock Market Today: Nasdaq 100 Futures Slip— Palo Alto, XP, Allarity Earnings In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story

Benzinga

Larry Summers Warns Scott Bessent: 'Unless We See A Recession,' You Shouldn't Be Prescribing A 175 Basis Point Cut In Interest Rates

Former Treasury Secretary Lawrence Summers criticized the current U.S. Treasury Secretary Scott Bessent for weighing too directly on the direction of interest rates, something he believes could blur the lines between fiscal and monetary polices.

Benzinga

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

The July Jobs report by the Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

Benzinga

Elizabeth Warren Says GOP Chose Trump Over American People, Slams 'Big Beautiful Bill' For Potentially Ushering Health Care Cuts, Price Hikes

Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers are voicing their concerns on the provisions of the recently passed “One Big, Beautiful Bill,” warning of significant consequences for working American families.

Benzinga

Larry Summers Says Markets 'Have a Life of Their Own' As Iran Conflict Fails to Shake Investors: Events Are 'Less Important Than Trends'

Former U.S. Treasury Secretary Lawrence Summers believes markets are far less reactive to geopolitical conflict than many expect, citing the recent example of flaring tensions in Iran.

Benzinga

Bill Ackman wants Harvard to name the students blaming Israel for the Hamas attacks so that he and other CEOs don't hire them by accident

Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, wants Harvard University to name the students which signed a controversial statement on the Israel conflict.

Fortune

Larry Summers: Danger of U.S. mortality 'transcends politics'

U.S. mortality data was "especially scary remembering that demographics were the best early warning on the collapse of the USSR,” Summers tweeted.

Fortune

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Los Angeles Times

Michael Hiltzik: With demands for a bank bailout, Silicon Valley shows its 'small government' mantra was just a pose

For decades, the dominant mantra of Silicon Valley's powerful has been that government is just a drag on their innovative spirit. Get regulators off our backs, they've argued, and we'll improve people's lives to an indescribable degree.

Benzinga

Larry Summers Is All Praise For Fed's Powell: 'Framed Issues Right, Pointed Toward Appropriate Policy'

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.

Benzinga

Larry Summers Says US Facing Complex Challenges: 'Curbing Inflation Comes First, But We Can't Stop There'

Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is not as grave as the 2009 financial crisis or inflation during the 1970s.

Benzinga

Larry Summers Calls Terminal Rate Crossing 5% 'A Milestone:' What He Says About Potential Of Further Rise

Former Treasury Secretary Lawrence H.

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Benzinga

Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'

Former Treasury Secretary Lawrence H.

The National (Scotland)

Former US Treasury chief predicts pound could fall below dollar and euro

Experts in the US have said they didn't expect markets to get "so bad so fast" in the fall-out from the UK Government's…

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