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☆ 5 things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementWealth grants access to a lot, but even the wealthy can't just buy anything. AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, they're, It's, coowner Frank Pellegrino Jr, Delish, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Forbes, Gaston Rahier Organizations: Augusta National, Service, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Deal, Miami Herald, Tribune, Getty, Business, Google, Town, New York Times, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ Five things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. The 26-floor Art Deco River House is considered one of the most exclusive places to live in New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, It's, Rao's, Frank Pellegrino Jr, They're, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Gaston Rahier Organizations: Service, Business, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Miami Herald, Tribune, Getty, Google, Town, New York Times, Forbes, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ Billionaire golf fans' favorite tournament, the Masters, kicks off this week in Augusta
▼ + stars: | 2024-04-10 | by ( Madeline Berg | Taylor Rains | ) www.businessinsider.com time to read: +7 min

The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.

Persons: Warren Buffett, Bill Gates, —, Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana

☆ S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg
▼ + stars: | 2024-03-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Market bears calling for a 60% crash in the S&P 500 could soon be proven correct, Milton Berg said. The technical analyst said that stocks may be close to a final peak as speculation runs hot. Berg warned a recession appears likely based on several economic indicators that are flashing red. AdvertisementStocks might crash up to 60%, a recession seems likely, and market speculation has reached dangerous levels, a veteran technical analyst warned. AdvertisementBerg, a former advisor to elite investors like George Soros and Stanley Druckenmiller, now runs Milton Berg Advisors.

Persons: Milton Berg, Berg, —, they've, John Hussman, Jeremy Grantham, who's, George Soros, Stanley Druckenmiller Organizations: Service, Milton Berg Advisors, Nasdaq, Nvidia, Netflix Locations: Milton

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Stanley Druckenmiller exits Alphabet, keeps winning AI plays Nvidia and Microsoft
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller dumped his stake in Google's Alphabet entirely last quarter, while keeping his high-conviction bets on artificial intelligence through Microsoft and Nvidia . Druckenmiller's Duquesne Family Office sold $112 million worth of Alphabet shares last quarter, according to a regulatory filing. His firm briefly held Alphabet in the first quarter of 2023, sold it the next quarter and entered the stock again in the third quarter. He said he has been betting on the space through two stocks — Microsoft and Nvidia. But Druckenmiller, a Bowdoin College grad, bought call options on Nvidia with a notional value of $242 million last quarter.

Persons: Stanley Druckenmiller, Druckenmiller, George Soros, Soros, Tempur Sealy Organizations: Microsoft, Nvidia, Druckenmiller's Duquesne Family, Bowdoin College grad, Sohn Investment, Quantum Fund, Duquesne Capital Management, Arista Networks, Woodward, Flex Ltd, Barrick Gold, Marvell Technology

Casino magnate Steve Wynn spent the night of the New Hampshire primary alongside Trump. Ron DeSantis’ biggest financial backers and donated $20 million to the super PAC backing DeSantis’ presidential bid. While some of these high-dollar financiers are coming around to Trump, others have shifted to former South Carolina Gov. Her fundraising swing through New York City is expected to bring in $1.5 million in new donations, according to a Haley campaign official. We are anywhere and everywhere in South Carolina.

Persons: Donald Trump, Steve Wynn, Robert Bigelow, Las Vegas businessman Don Ahern, Trump, Ahern, Bigelow, Ron DeSantis, DeSantis, Rebekah Mercer, Nikki Haley, MAGA, Haley – Trump’s, –, Haley, Charles Koch, Susie Wiles, Ken Griffin, Paul Singer, Ricketts, Griffin, Haley’s, ”, “, ” Griffin, Zia Ahmed, Ahmed, Dave McCormick’s, Tim Sheehy’s, Ken Langone, Cliff Asness, Stanley Druckenmiller, Nikki, ” Asness, “ We’ve, CNN’s Ebony Davis Organizations: CNN, Casino, New, Trump . Aerospace, Las Vegas businessman, Trump, Florida Gov, GOP, Mercer, Politico, South Carolina Gov, Inc, South Carolina, Republican, Prosperity, American Opportunity Alliance, Chicago Cubs, Citadel, U.S . House, ”, Republicans, Wall, AQR Capital Management, South, CBS News Locations: Lago, New Hampshire, Las, Trump’s, Nevada, Palm Beach , Florida, Florida, Trump, Kansas, Palm Beach, Pennsylvania, Montana, New York, New York City, ”, South Carolina

☆ Haley hits Trump on tariffs ahead of her Wall Street fundraisers
▼ + stars: | 2024-01-29 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

Nikki Haley drew a sharp line Monday between her views on trade and the tariffs proposed by her rival, Republican front-runner Donald Trump. Think about that for a second," Haley said on CNBC's Squawk Box. "It's going to raise the cost of anything from baby strollers to appliances, under Donald Trump," she added. Over the weekend, Trump suggested tariffs were the way to force automobile manufacturers to build cars in the United States. This, and Trump's proposed tariffs if he were elected to a second term have left many Wall Street investors deeply concerned about what the global economy would look like in a second Trump administration.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Donald Trump's, Michael Every, Reid Hoffman, Ken Langone, Stanley Druckenmiller Organizations: South Carolina Gov, Republican, National Taxpayers Union, The Washington Post, Rabobank, CNBC, Trump, U.S ., China Business Council, Wall, LinkedIn, South Carolina Locations: China, The, United States, America, U.S, New Hampshire, Iowa, New York City

☆ Billionaire Ken Langone to meet with Nikki Haley in NY as he weighs backing her in 2024
▼ + stars: | 2023-11-27 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Ken Langone arrives at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Wednesday, July 12, 2023. Home Depot co-founder and billionaire Ken Langone plans to meet with former U.S. ambassador to the United Nations Nikki Haley next week in New York, as he considers backing her in the Republican presidential primary. "The only person I see who can give [Donald] Trump a run for his money is Nikki Haley," Langone told CNBC in an interview Monday, referring to the former president and current Republican frontrunner. Before Langone would commit to hosting his own fundraiser for Haley, however, he said he wanted to meet with her in person. Earlier this month, Haley said that if the South Carolina state legislature had passed a six-week abortion ban while she was governor, she would have signed it.

Persons: Ken Langone, Nikki Haley, Donald, Trump, Langone, Eric Levine, Haley, Ron DeSantis, DeSantis, Haley's, Stanley Druckenmiller, Druckenmiller, Sen, Tim Scott, Chris Sununu, Sununu Organizations: Allen, Co . Media, Technology Conference, Home Depot, U.S, United, Republican, CNBC, South, Florida Gov, Commission, Trump, GOP, Forbes, New Hampshire Republican Gov Locations: Sun Valley , Idaho, New York, South Carolina, Florida, New Hampshire, Granite State, New, Sununu

☆ Stanley Druckenmiller trims his winning Nvidia bet, adds new Alphabet stake
▼ + stars: | 2023-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play — Nvidia , according to its latest filing to the Securities and Exchange Commission. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. Druckenmiller believes the market will be "very challenged" in the current environment, and only disciplined stock pickers will be rewarded.

Persons: Stanley Druckenmiller, Druckenmiller, it's, George Soros Organizations: Duquesne, Nvidia, Securities and Exchange Commission, Microsoft, Quantum Fund, Duquesne Capital Management, Social, Vistra Energy, Seagate Technology, Broadcom

☆ Citadel chief Griffin weighs backing Haley in Republican primary
▼ + stars: | 2023-11-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Billionaire Citadel CEO Ken Griffin is "actively contemplating" financially supporting former U.S. ambassador to the United Nations Nikki Haley in the Republican primary for president. Yes or no," Griffin said in an interview Tuesday with Bloomberg TV, when asked whether he planned to financially support Haley. Griffin is the latest of several wealthy, Republican donors who have said in recent days that they plan to support Haley over Trump and the rest of the primary field. But on Monday he told CNBC that following Scott's announcement, he planned to support Haley exclusively from now on. Until Sunday, Sabin had been fundraising for Scott's primary effort.

Persons: Ken Griffin, Nikki Haley, we're, Griffin, Haley, Forbes, Donald Trump, Trump, Ron DeSantis, Sen, Tim Scott, Scott, Stanley Druckenmiller, Druckenmiller, Andy Sabin, Sabin, Eric Levine Organizations: Citadel, CNBC's, Alpha, Billionaire Citadel, U.S, United, Republican, Bloomberg, Florida Gov, Trump, CNBC Locations: New York, New York City

☆ Here's how the stock market can build on its best week of the year
▼ + stars: | 2023-11-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year. He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey. But yields looked to break out the wrong way for the stock market for certain. We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve. All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.

Persons: Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE Locations: Israeli, Gaza, China

☆ Rich countries are stumbling into a debt trap
▼ + stars: | 2023-11-03 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Unlike many corporations and households, the U.S. government did not lock in the low interest rates of the last decade by issuing long-dated debt, preferring instead to skew funding towards bills and short-term bonds. The second route out of the debt trap is to target the primary fiscal surplus, choosing a combination of spending cuts and tax hikes that will stabilise the public debt. That leaves the third route to debt sustainability – keeping real interest rates low. But in the short run, it allows a government to tame the debt ratio without fiscal austerity, and even if growth is sluggish. Governments are indeed stuck in a classic debt trap.

Persons: Joe Biden, Fumio Kishida, Volodymyr Zelenskiy, Kacper, Everett Dirksen, you’re, Dirksen’s, Stanley Druckenmiller, Joe Biden’s, Peter Thal Larsen, Thomas Shum Organizations: Japan's, NATO, REUTERS, Reuters, Congressional, Office, International Monetary Fund, U.S, Treasury, Reuters Graphics Reuters Graphics, Medicaid, Federal, Bank of Japan, Thomson Locations: Ukraine, Vilnius, Lithuania, Illinois, U.S, Britain

☆ The biggest debate in tech
▼ + stars: | 2023-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the tech industry's debate over whether AI poses a real threat to humanity. The big storyBig Tech's big lieAP Photo/Julia Nikhinson; Arantza Pena Popo/InsiderWant to get someone in tech riled up? The private event, which had an exclusive guest list, has been criticized for favoring Big Tech executives over actual AI experts. "When big tech companies, big startups, and powerful VCs start calling for regulation of their hottest new technology, something is very wrong," Alistair Barr, Insider's global tech editor, told me.

Persons: —, Heidi Klum's, Klum, Julia Nikhinson, Arantza Pena Popo, Andrew Ng, Ng, Big, BlackRock's Larry Fink, Spencer Platt, Elon Musk, Alistair Barr, It's, Alistair, Insider's Beatrice Nolan, Sam Bankman, Aaron Schwartz, Stanley Druckenmiller, Druckenmiller, Tyler Le, SBF, Wendy Lee, Alba Santaliestra, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, Tech, Google, Australian Financial, Big Tech, Getty Images Tech, Wired, Xinhua, Getty, Market, Apple, YouTubers, YouTube, Mexico City Locations: Israel, Muertos, Mexico, New York City, San Diego, London, New York

Plenty of bond investors have been burned calling a bottom in a selloff that has taken Treasuries to the cusp of an unprecedented third straight year of losses. One potential near-term pitfall is Friday’s U.S. payrolls data, which could revive expectations of Fed hawkishness if they come in stronger than expected. The rise in Treasury yields has reached far beyond the bond market. The S&P 500 is down nearly 8% from its July high, as rising bond yields offer investment competition to equities while threatening to raise the cost of capital for companies. “The market is running with the idea that the Fed is done hiking, which they may or may not be,” he said.

Persons: Jerome Powell nodded, Bonds, ”, Jack McIntyre, “, ” McIntyre, Stanley Druckenmiller, Duquesne, Bond, Josh Emanuel, Powell, We've, Greg Wilensky, Janus Henderson, ” Wilensky, Noah Wise, Davide Barbuscia, David Randall, Ira Iosebashvili Organizations: Treasury, Federal, Fed, U.S . Treasury, Brandywine, Janus, Janus Henderson Investors, Allspring Global Investments, Thomson Locations: U.S, Wilshire

☆ Here’s where billionaire investor Jeffrey Gundlach sees income opportunities as recession risk looms
▼ + stars: | 2023-11-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Jeffrey Gundlach sees an economic downturn on the horizon, but he also sees an opportunity emerging for income investors. Gundlach, founder of DoubleLine Capital, sees interest rates falling as the U.S. economy moves into a recession in the first part of 2024 . However, investors seeking income may do well to step out a little further on the yield curve, rather than hiding in 6-month Treasury bills and cash-like investments. Investors in holdings that are too short-dated may find themselves exposed to reinvestment risk as rates decline. He said investors could buy "the entire yield curve at this point."

Persons: Jeffrey Gundlach, Gundlach, Stanley Druckenmiller's Organizations: DoubleLine Locations: U.S

☆ DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024
▼ + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year. "I do think rates are going to fall as we move into a recession in the first part of next year," Gundlach said Wednesday on CNBC's "Closing Bell." The Federal Reserve's rate-setting committee unanimously agreed Wednesday to hold the key federal funds rate in a target range between 5.25% to 5.5%, where it has been since July. "One thing that the market is going to have to confront is we cannot sustain these interest rates and this deficit any longer," Gundlach said. "We can't afford this government that we're running at today's interest rate level.

Persons: Jeffrey Gundlach, Gundlach, Stanley Druckenmiller, Jerome Powell, hasn't Organizations: DoubleLine, Billionaire, Social Security, CNBC PRO Locations: New York, U.S

☆ Stanley Druckenmiller says government needs to stop spending like 'drunken sailors,' cut entitlements
▼ + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"We are spending like drunken sailors," Druckenmiller said on CNBC's "Squawk Box" Wednesday. Now it's 25% of GDP ... My father told me if you're in a hole, stop digging Stan." Despite his calls to cut overall spending, the widely followed investor stressed that it's necessary for the U.S. to support Ukraine and disagrees with Republicans urging to stop funding in that region. "I was actually happy to see when the announcement the support for Ukraine and Israel $106 billion," Druckenmiller said. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992.

Persons: Stanley Druckenmiller, Druckenmiller, Stan, Putin, George Soros Organizations: Social, Duquesne Family Office, Social Security, Quantum Fund, Duquesne Capital Management Locations: Duquesne, Israel, Ukraine

☆ Stanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ Stanley Druckenmiller says stock investing is going to be really tough the next 10 years
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Druckenmiller said that prior to quantitative easing, which began as part of the government's response to the 2008 financial crisis, stock valuations were typically at about 15-times earnings. The recent spike in Treasury yields have put market interest rates near their highest levels since 2007. A lot do — a stock picker's market," Druckenmiller said. "A lot of people made money in the stock market in the '70s. Not, frankly, unlike what has happened in the stock market in the last year."

Persons: Stanley Druckenmiller, Druckenmiller, I've, we're, Alex Karp, It's, George Soros Organizations: Duquesne Family, Quantum, Duquesne Capital Management Locations: U.S

☆ Watch CNBC's full interview with Duquesne Family Office CEO Stanley Druckenmiller
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Duquesne Family Office CEO Stanley DruckenmillerStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ Before the Fed decision, all eyes will be on this big Treasury debt announcement Wednesday
▼ + stars: | 2023-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Olivier Douliery | Afp | Getty ImagesAuctions of government debt, normally routine events for the Treasury Department, have suddenly become very important to financial markets. That's why an announcement Wednesday on refunding, entailing the size of auctions as well as the duration mix of the debt that will be issued, is expected to draw even more market interest. Indeed, the two entities are both pivotal in determining how the U.S. is going to manage its mammoth debt load. That symbiotic relationship will be on full display this week when the Treasury Department makes its refunding announcement Wednesday at 8:30 a.m. ET, and the Fed follows with its decision on interest rates that same day at 2 p.m.

Persons: Janet Yellen, Olivier Douliery, Josh Emanuel, Emanuel, Morgan Stanley, Stanley Druckenmiller, Druckenmiller, Alexander Hamilton, Paul Tudor Jones, she's, Dhingra, Thomas Simons Organizations: Treasury, Foreign Investment, United States, Treasury Department, Afp, Getty, Federal Reserve, Duquesne Capital, Robin Hood Foundation, Jefferies Locations: Washington ,, refunding, Wilshire, U.S

☆ Billionaire politicians have become 'shockingly common' around the world, new study finds
▼ + stars: | 2023-10-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

More than 11% of the world's more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy. "Billionaire politicians are a shockingly common phenomenon," the study said. Outside the U.S., billionaire politicians are even more common. Terry Gou, the Taiwanese billionaire and founder of Foxconn, is running for president of Taiwan. Of course, billionaires wield even more political power through their (often secret) donations to support candidates, parties and super PACs.

Persons: Donald Trump, Terry Gou, Vivek Ramaswamy, Doug Burgum, Michael Bloomberg, Tom Steyer, Billionaire Rick Caruso, J.B, Pritzker, Andrej Babiš, Silvio Berlusconi, Bidzina Ivanishvili, Najib Mikati, Sebastián, Thaksin, Phil Ruffin, Larry Ellison, Nelson Peltz, Richard Uihlein, Jeffrey Yass, Stanley Druckenmiller, Cliff Asness, David Tepper, Bruce Kovner Organizations: Wisconsin Valley Science, Technology, Northwestern University, Democratic, Los Angeles, Tax Fairness, Billionaire Locations: Wisconsin, Mount Pleasant , Wisconsin, U.S, Illinois, Taiwan, Czech Republic, Italy, Georgia, Lebanon, Chile, Thailand

☆ Rainmakers find political hedge in Chris Christie
▼ + stars: | 2023-10-16 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

[1/2] Republican presidential candidate and former New Jersey Governor Chris Christie speaks at the New Hampshire Republican Party’s First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. Several hedge fund rainmakers poured cash into Chris Christie’s campaign over the summer, according to filings released on Monday. But with legal woes hanging over Trump’s campaign, contributions to the most anti-Trump conservative could become a valuable call option for the group that knows something about hedging. It’s notable that Christie has been vocal about attacking Trump, whom he advised during the prior president’s first term. Former New Jersey Governor Chris Christie raised $3.8 million over the quarter, aided by donations from wealthy investors including Stanley Druckenmiller, David Tepper and Paul Tudor Jones.

Persons: Chris Christie, Brian Snyder, Donald Trump, hasn’t, Wall, Chris Christie’s, Christie, Nikki Haley, Ron DeSantis, Vivek Ramaswamy, Tim Scott, That’s, Stanley Druckenmiller, David Tepper, Tudor Investment’s Paul Tudor Jones maxed, Seth Klarman, Bruce Kovner, Trump, ” Christie, Ramaswamy, Tyler Winklevoss, Paul Tudor Jones, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, New, New Hampshire Republican Party’s, Nation Leadership Summit, REUTERS, Rights, Reuters, Republican Party, Trump, Duquesne Capital, Management, CAM, Fairleigh Dickinson University, Reuters Graphics Reuters, Federal, Former New Jersey, Thomson Locations: New Jersey, Nashua , New Hampshire, U.S

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