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The Solana-based crypto launchpad Pump.fun is the biggest contributor to the memecoin craze. Since its peak at $7 million, Pump.fun’s revenue dropped by 92%. The recent ICO was planned as a three-day event, but all the tokens were sold out in 12 minutes, despite risk warnings from the media. What’s behind the most hype ICO … Read more
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Former Treasury Secretary Lawrence Summers said that bond-market pricing doesn’t amount to a judgment call on what the Federal Reserve ought to do with interest rates, and that it would be a “very serious error” for policymakers to ease next week. “It would have been a grave mistake to have eased already, and would be … Read more
Former Harvard University President Larry Summers assailed President Donald Trump over his deepening attacks on the school, slamming a “wildly extralegal” federal funding freeze earlier this week and warning of government “tyranny.” “This is not an isolated thing, what’s being done to Harvard,” Summers said in an interview Wednesday with Bloomberg Television. “This is part … Read more
Larry Summers was not assuaged by Trump’s tariff pause. The former Treasury secretary under Bill Clinton has a history of making prescient calls on the economy and his views have always carried great weight with policymakers. Over two wide-ranging interviews with Fortune, he spoke candidly about Trump’s recent moves and what he sees happening in … Read more
Former Treasury Secretary Lawrence Summers warned that the U.S. is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train. “It’s more likely than not that we’re going to have a recession — and in the context of a recession, we’ll see … Read more
Former Treasury Secretary Larry Summers says President Trump’s tariffs would be a disaster for families and could cost them hundreds of thousands of dollars a year. Summers, who helmed the Treasury Department under former President Clinton, fiercely criticized Trump’s so-called “Liberation Day” tariffs. “Trump’s tariffs are the most expensive and masochistic the US has pursued … Read more
Former Harvard University President Lawrence Summers blasted moves by the Trump administration to scrutinize or freeze federal funding to top universities as “authoritarian,” and urged academic leaders to resist. Stefan Wermuth/Bloomberg via Getty Images
© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more
Investors have become complacent of risks, Summers says, succumbing to the kind of exuberance that preceded the 2008 crash or the dotcom collapse. Read More
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