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1 min read

Meet Larry Connor, the Ohio billionaire taking a submersible to the Titanic despite last summer's OceanGate implosion

Real estate investor Larry Connor, 74, will take the ocean voyage with Patrick Lahey, cofounder and…

Lauren Edmonds   


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1 min read

The Fed has 'itchy fingers' and should not be in a rush to cut interest rates, Larry Summers says

"My sense is still that the Fed has itchy fingers to start cutting rates and I don't fully get it,"…

Yuheng Zhan   


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1 min read

The markets are on fire — but Larry Summers says investors may not be fully pricing in political and social risks

JPMorgan CEO Jamie Dimon, Bridgewater Associates founder Ray Dalio, and BlackRock chief Larry Fink …

Huileng Tan   


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2 mins read

Fed policy isn't very tight and the market is 'at the foothills of bubbles,' former Treasury Secretary Larry Summers says

Summers previously predicted there's about a 15% chance the Fed actually raises rates again, and he…

Jennifer Sor   


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2 mins read

There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says

"There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, n…

Yuheng Zhan   


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3 mins read

What Wall Street finance bros should wear this summer

Wall Street is back in the office, and finance bros are having to ditch the sweatpants. Here's what…

Jordan Hart   


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3 mins read

Larry Summers and Bret Taylor are joining OpenAI's board as Sam Altman returns

Former Treasury Secretary Larry Summers and Silicon Valley veteran Bret Taylor are joining OpenAi's…

Kai Xiang Teo   


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2 mins read

Larry Summers says the ongoing turmoil about antisemitism at Harvard is as serious a reckoning as the Vietnam War

"This is as difficult a moment for elite higher education as any moment since the Vietnam War. Perh…

Kwan Wei Kevin Tan   


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5 mins read

Dan DeFrancesco   


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2 mins read

Larry Summers talks about the 'fool's game' at the Fed, AI's economic impact, and Trump. Here are the 5 best quotes.

"Forward guidance is a bit of a fool's game. The market doesn't especially believe it and the Fed f…

Filip De Mott   


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2 mins read

The Fed will spark a 'seismic moment' if it cuts rates, and should wait for overwhelming evidence the economy is slowing, Larry Summers says

While it looks a bit more likely the US can avoid a recession, the former Treasury chief said he is…

Phil Rosen   


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2 mins read

Larry Summers says a soft landing of the economy is possible, but keep an eye on 'labor restiveness'

The former Treasury Secretary is encouraged by recent jobs data, but told Bloomberg TV that union a…

Filip De Mott   


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2 mins read

Former Harvard president Larry Summers thinks Bill Ackman asking for lists of student names is the 'stuff of Joe McCarthy'

The former treasury secretary also told Bloomberg he thought Ackman was "getting a bit carried away…

Kai Xiang Teo   


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3 mins read

Jamie Dimon, Larry Summers blast Fitch's shock US downgrade as 'ridiculous' and 'bizarre and inept'

The ratings agency's decision to cut the US government's credit score sparked some furious reaction…

Zahra Tayeb   


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1 min read

The debate about Fed rate hikes is missing a key argument, former Treasury Secretary Larry Summers says

"People need to be very careful about declaring victory — to be very careful about some assets, par…

Filip De Mott   


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1 min read

Bidenomics could make inflation worse, former US Treasury Secretary Larry Summers says

"We do not have a problem of a shortfall of jobs … We do have a problem with costs."

Jennifer Sor   


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1 min read

China's economy is hitting a wall after years of optimism, former Treasury Secretary Larry Summers says

"No one should conclude that we can be complacent about the Chinese geopolitical challenge," former…

Zahra Tayeb   


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1 min read

Ex-Treasury chief Larry Summers says it's still too early to declare victory on inflation

After the July jobs report, Summers said a soft-landing remains in the cards but it's possible infl…

Phil Rosen   


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2 mins read

Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation 'chart crime'

Larry Summers got panned for posting a graph suggesting inflation now could be behaving the same wa…

Zahra Tayeb   


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1 min read

Filip De Mott