Sammer warns: Trump's policies will push up inflation, seriously damaging the US economy

Former US Treasury Secretary Lawrence Summers predicts that a second term for Trump could cause serious damage to the US economy. He warns that the economic policies proposed by Trump could trigger more severe inflation shocks than those recently experienced. In a recent interview, Summers emphasized two major concerns regarding the Trump administration's proposed economic agenda: large-scale demand-side stimulus and significant supply-side disruptions. Key components include extensive tax cuts, potential budget deficit expansion, and comprehensive tariff implementation. Summers said, "If these plans are actually implemented, I have no doubt that Trump's plans will stimulate inflation."

环球市场播报58minutes ago

QUALCOMM (QCOM) Targets Diversification With Edge AI: Susquehanna Adjusts Price Target

Yahoo Finance01:39 ET

One of the largest technology mergers in history falls through? Qualcomm's interest in acquiring Intel is reportedly cooling down.

According to media reports citing sources, qualcomm's interest in acquiring intel has cooled; This deal, which was originally expected to become one of the largest technology mergers in history, may thus fall through; Sources indicate that the complexity of acquiring all of intel's business has reduced the attractiveness of this deal to qualcomm.

cls.cn00:25 ET

Qualcomm's Interest in Buying Rival Intel Is Reportedly Fading

MarketWatch23:03 ET

Chip giant merger deal falls through? Rumors of qualcomm (QCOM.US) acquiring intel (INTC.US) cooling off.

According to sources, Qualcomm's interest in acquiring Intel has cooled.

Zhitong Finance22:27 ET

Express News | Qualcomm’s Takeover Interest in Intel Is Said to Cool - Bloomberg News

Reuters21:22 ET