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The Latest Breaking News from Larry Summers

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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.

Reason

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.

WEKU

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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.

Reason

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.

International Business Times UK

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.

Windows Central

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.

Fortune

OpenAI co-founder makes spectacular return mere days after ousting, with the board that fired him mostly swept away

Don't mess with Microsoft.

PC Gamer

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Windows Central

Sam Altman is back at the helm as CEO after a chaotic weekend-long fiasco for OpenAI

OpenAI's weekend-long fiasco seems to have ended after the company issued a statement announcing the reinstatement of Sam Altman as the company's CEO with a new initial board.

Al Jazeera

OpenAI averts internal crisis with return of CEO Sam Altman

The AI research firm is restoring Altman as CEO after his sacking last week threatened a mass exodus from the company.

Tom’s Hardware

Sam Altman and Greg Brockman to return to OpenAI just days after being fired

Sam Altman returns to OpenAI after being ousted, Microsoft's Satya Nadella welcomes the move.

The Guardian - UK

Government may sell its NatWest stake to UK public; Grangemouth oil refinery to shut – as it happened

‘It’s time to get Sid investing again,’ Hunt says; Scotland’s sole oil refinery at Grangemouth is due to cease operations in 2025

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Fortune

Sam Altman returns as OpenAI CEO, adds Larry Summers to new board

The ChatGPT developer will have a new board, after its former directors agreed to unceremoniously fire Sam Altman as CEO.

Evening Standard

Sam Altman returns as OpenAI CEO days after shock exit amid board shake-up

Sam Altman has returned as CEO of OpenAI alongside former president Greg Brockman and a host of new directors in the latest twist in the tech firm's dramatic boardroom saga.

The Guardian - UK

Sam Altman to return as CEO of OpenAI

New board announces ‘agreement in principle’ for return of former CEO after campaign by staff and investors

Fortune

Israel’s war against Hamas roils Harvard as students, billionaires, and faculty accuse each other of anti-Semitism and McCarthyism

An Israeli billionaire resigned from the board of Harvard’s Kennedy School of Government after a student group’s letter “held the Israeli regime” accountable for the recent terrorist attacks.

Fortune

Billionaire Apollo CEO calls on University of Pennsylvania donors to send just $1 in protest until two leaders resign

Billionaire Marc Rowan, CEO of Apollo Global Management, has called for a change of management at the University of Pennsylvania.

Fortune

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.

The Independent UK

Biden heads to battleground Wisconsin to talk about the economy a week before GOP debate

President Joe Biden is stopping in the battleground state of Wisconsin to discuss how policies he calls “Bidenomics” are boosting the economy

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