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The Latest Breaking News from Lawrence Summers

Options Corner: Oscar Health Bulls Bet On A Political Wild Card

While President Donald Trump and his supporters have been basking in the glow of major political victories, the administration's "One Big, Beautiful Bill" carries with it a potential landmine. As Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers have warned, the new law could have significant consequences for…

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

America Has No Will To Help Its Middle Class, Says Economist Richard Baldwin: So Politicians 'Find A Convenient Scapegoat — Globalization'

The United States’ growing turn toward protectionism isn't just about trade deficits or manufacturing jobs – instead, it's about political avoidance, says economist Richard Baldwin.

Benzinga

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Harvard wins relief as judge halts Trump’s fresh bid to ban foreign students

Harvard spokesperson calls president’s order ‘yet another illegal retaliatory step’

The Independent UK

Trump Labels Harvard 'A Disgrace,' Escalates Funding Freeze in Clash Over Ideology

President Donald Trump called Harvard University "a disgrace" and froze $2.2 billion in federal funding, accusing the Ivy League giant of antisemitism and rejecting demands to dismantle DEI programs and reform admissions.

International Business Times

Telling us to "save more" isn't working

Without a drastic reimagining of our systems, we face a poverty crisis

Salon

Two leaders of Harvard’s Middle Eastern studies center to step down

Departures of Cemal Kafadar and Rosie Bsheer are seen by critics as ‘shameful attempt’ by school to appease Trump

The Guardian - US

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Fury in Mexico over Trump’s ‘slanderous’ claim of cartel links

President Sheinbaum and many other politicians condemn accusation, which follows imposition of US tariffs

The Guardian - UK

How have Canada, China and Mexico responded to Trump’s tariffs?

The US president’s new tariffs prompt retaliation and spark concerns over global trade disruptions and inflation.

Al Jazeera

Trump tariffs: markets brace for falls as Mexico and Canada hit back

Fears grow for global trade, with major indices likely to plunge as US trading partners quickly retaliate, raising chance China and EU will follow suit

The Guardian - UK

How Inflation Breaks Our Brains

From salt riots to toilet paper runs, history shows that rising prices make consumers—and voters—grumpy and irrational.

Reason

ECB leaves eurozone interest rates on hold but hints at cut this summer – as it happened

European Central Bank says rate cuts would be appropriate if inflation keeps falling, as BoE policymaker Megan Greene argues UK rate cuts are a way off

The Guardian - UK

Caixin Top Stories of the Month: What’s Causing China’s Fertility Rate to Plummet?

Birthrates have dwindled after decades of strict family planning and the emergence of a highly competitive and expensive environment for raising kids

Caixin Global

Shanghai Composite Index Rose 0.42% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

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Caixin Global

Shanghai Composite Index Rose 1.56% on Monday

Shenzhen Component Index closed up 0.93%

Barchart

Stocks Set to Open Lower as Investors Await FOMC Minutes and U.S. Jobs Data

March S&P 500 E-Mini futures (ESH24) are down -0.36%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.70% this morning as U.S. Treasury yields climbed at the start of a holiday-shortened week, with market participants looking ahead to the release of the minutes of the Federal Reserve’s latest policy…

Chicago Sun-Times

Words matter, but they can be twisted, too, especially when Elise Stefanik is involved

In Republican hands, a congressional hearing on antisemitism is anything but a search for understanding.

Reason

Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times

Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.

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The Independent UK

The Israel-Hamas war has roiled US campuses. Students on each side say colleges aren't doing enough

America’s colleges aspire to be places where ideas meet and common ground emerges

The Independent UK

Israeli billionaire quits Harvard board in row over student letter

A group of 33 student organisations at Harvard University signed a letter arguing that Israel’s ‘apartheid regime’ created the impetus for the war

The Independent UK

The Harvard letter, doxxing, and angry clashes: Hamas-Israel war ignites campus free speech crisis

Campus debates about Israel at the elite university have a way of turning into national conversations, where no one feels their rights are being respected, Josh Marcus reports

Fortune

What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

Larry Summers warns U.S. economy is still ‘very, very hot' with 'pockets of distress' in commercial real estate

The U.S. is "an underlying 4.5-5% inflation country,” said Summers, a few days ahead of Tuesday's inflation report.

Zenger

Former Treasury Secretary Summers Criticizes IRS Provisions In Debt Ceiling Agreement

Summers opposes IRS funding cuts in debt ceiling deal, warns of future deficits and tax cheats' advantage.

The Guardian - US

‘He used people’: Jeffrey Epstein scandal rolls on as new names emerge

The names in legal documents and fresh details of his daily itinerary present a detailed picture of how Epstein tried to rebuild his reputation

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