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Larry Summers Retreats from Public Life Amid Epstein Email Fallout

    Larry Summers, professor at Harvard University, during an interview in New York, on Sept. 17, 2025. Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard University, announced he will step back from public engagements following the release of thousands of emails linking him to convicted sex offender Jeffrey Epstein. Summers described himself as “deeply ashamed” of his actions, acknowledging the pain caused by his continued communication with Epstein long after the financier’s 2008 conviction. The House Oversight Committee recently published more than 20,000 documents from Epstein’s estate, including extensive correspondence between Summers and Epstein. The emails revealed that their relationship persisted until at least 2019, just before Epstein’s arrest on sex trafficking charges. In some exchanges, Epstein attempted to connect Summers with influential global figures, while Summers sought advice on personal matters. Summers issued a statement ...
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Stock Market Today: Rising Treasury Yields Unsettle Investors


In today’s stock market, the Dow Jones Industrial Average (Dow) took the lead in a slide prompted by rising Treasury yields. Investors are grappling with the impact of recent data on interest rates, and the benchmark S&P 500 and Nasdaq Composite also dipped into the red.

Here are the key points:

  1. Treasury Yields Surge: The yield on 5-year Treasurys rose to near four-week highs, while the 10-year yield topped the critical 4.5% level. On Wednesday, the benchmark yield inched up further to trade around 4.57%. These rising yields have raised concerns that the Federal Reserve may keep rates higher for longer.

  2. AI Growth vs. Yield Worries: Despite hopes for AI growth, concerns about bond yields appear to be overshadowing the market. The Nasdaq recently hit a record high following Nvidia’s post-earnings rally, but the surge in yields is causing uncertainty.

  3. Consumer Confidence and Fed Policymaking: Investors are trying to decipher the impact of stronger-than-expected consumer confidence data on Fed policymaking. However, they are bracing for a prolonged wait for any pivot to rate cuts, given the litany of warnings from Fed officials.

  4. Wall Street Strategists’ Views: Wall Street strategists have been closely monitoring rising yields. Michael Kantrowitz, chief investment strategist at Piper Sandler, highlighted that higher rates are now a systemic problem for equities. If the 10-year Treasury yield surpasses 5%, it could spell trouble for most stocks.

  5. Beige Book and Inflation Gauge: The release of the Fed’s Beige Book later today could shed more light on economic conditions. Investors are also awaiting Friday’s reading on PCE (Personal Consumption Expenditures), the central bank’s preferred inflation gauge.

In summary, rising Treasury yields are causing jitters in the stock market, and investors are closely watching Fed signals and economic data. The delicate balance between growth prospects and interest rate concerns remains a focal point for traders.


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