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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLegendary investor Paul Tudor Jones: U.S. might be in weakest fiscal position since World War IIPaul Tudor Jones, Tudor Investment founder and CIO and Robin Hood Foundation founder, joins 'Squawk Box' to discuss the latest market trends, the impact of geopolitical challenges, the state of the U.S. economy and fiscal health, Treasury yields, the Fed's inflation fight, and more.
Persons: Paul Tudor Jones Organizations: Tudor Investment, Robin Hood Foundation Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaul Tudor Jones: Really challenging time to want to be an equity investor in U.S. stocks right nowPaul Tudor Jones, Tudor Investment founder and CIO and Robin Hood Foundation founder, joins 'Squawk Box' to discuss the latest market trends, the impact of geopolitical challenges, the state of the U.S. economy and fiscal health, Treasury yields, the Fed's inflation fight, and more.
Persons: Paul Tudor Jones Organizations: Tudor Investment, Robin Hood Foundation Locations: U.S
Paul Tudor Jones said Tuesday that aggressive rate hikes could tip the U.S. economy into a recession, and he expects stocks to suffer a double-digit loss before the downturn arrives. "So those rate hikes are probably going to tip us into recession." That's probably going to happen at some point from some level," Jones said. Jones said there are a few telltale signs in the market that show a looming recession, including gold prices and inverted Treasury yield curve. It has clearly been suppressed, and so you know that more likely than not we're going to go into recession," Jones said.
Persons: Paul Tudor Jones, We're, Jones, That's Organizations: Federal Reserve, Tudor Investment, telltale Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with legendary investor Paul Tudor JonesPaul Tudor Jones, Tudor Investment founder and CIO and Robin Hood Foundation founder, joins 'Squawk Box' to discuss the latest market trends, the impact of geopolitical challenges, the state of the U.S. economy and fiscal health, Treasury yields, the Fed's inflation fight, and more.
Persons: Paul Tudor Jones Paul Tudor Jones Organizations: Tudor Investment, Robin Hood Foundation Locations: U.S
He runs the exclusive community and concierge service app Myria. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. I created Myria, a community and concierge for ultra-high-net-worth individuals in 2021. There's a community for members to connect with one another through our app, and there's an access side where they can get off-market luxury experiences. Myria started with the network I've developed over 17 yearsBefore launching Myria, I set up and ran an offline concierge service called The Blue.
Persons: Rey, I've, Myria, Pitbull, Justin Timberlake, Paul Tudor Jones Organizations: Fortune, Service, Rey Flemings, Apple, FedEx Locations: Las Vegas, Wall, Silicon, Coachella, Palm Springs, Memphis , Tennessee
NEW YORK, Aug 14 (Reuters) - Basswood Capital, Adage Capital Partners and Paul Tudor Jones' Tudor Investment Corp were among the hedge funds that took new positions in real estate investment trusts that specialize in New York City office space last quarter, despite questions over how long work-from-home policies will weigh on the market, securities filings released on Monday showed. Basswood Capital purchased roughly 360,000 shares of Vornado Realty Trust and nearly 72,000 shares of SL Green, while Adage Capital Partners bought 205,000 shares of SL Green. Tudor Investment Corp bought nearly 152,000 shares of SL Green. Shares of Vornado are up nearly 7% for the year to date, while shares of SL Green are up slightly less than 1%. Basswood, Adage Capital, and Tudor Investment Corp did not respond to requests for comment.
Persons: Paul Tudor Jones, KBRA, David Randall, Richard Chang Organizations: Basswood, Capital Partners, Tudor Investment Corp, Basswood Capital, Vornado Realty Trust, SL Green, SL, New, Reuters, Nationwide, Thomson Locations: New York City
Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.
Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey
Even though the economy feels largely fine right now, such a decline has been a leading indicator of past recessions. Labor productivity has fallen for five straight quarters on a year-over-year basis, the longest such streak on record. Productivity is important to the economy because it's the primary input for a population's standard of living. As Insider reported in March, major retailers like Walmart, Target, and Kroger are locked in a labor-hoarding war over hourly employees that's pushed pay higher. In the meantime, the decline in productivity is setting off alarm bells for the economy.
Persons: , Taylor Swift, they're, Larry Summers, Summers, Mark Zuckerberg, Marc Benioff, OpenAI's, there's, It's, Paul Tudor Jones, Ed Yardeni, Goldman Sachs Organizations: Service, Airlines, Bureau of Labor Statistics, Labor, Washington Post, Walmart, Target, Kroger, Stanford, MIT, Fortune, Brookings Institute
Dollar General cut its profit estimate for 2023 on Thursday. The first of two jarring pieces of evidence comes in the form of first-quarter earnings from Dollar General. The fact that they're not immune to a broader pullback in consumer spending is a big red flag for the US economy. Speaking of which, a bit further up the affluence scale, Macy's turned in an earnings stinker of its own. The department-store giant offered disappointing second-quarter projections and — like Dollar General — slashed full-year projections.
Persons: It's, Macy's, , Jeffery Owen, Kelly Dilts, it's, Jeff Gennette, Paul Tudor Jones, Larry Summers —, Target Organizations: Service, Dollar, Federal Reserve, Walmart, Target Locations: Wall, American
Why ChatGPT could spark a new bull market
  + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.
Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction. Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now. American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year. Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23. Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.
Big-name investors are going all-in on AI
  + stars: | 2023-05-18 | by ( George Glover | ) www.businessinsider.com   time to read: +1 min
Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger Global founder Chase Coleman, billionaire trader Paul Tudor Jones, and Ark Invest CIO Cathie Wood are all bullish on AI. Billionaire investors including Bill Ackman, Stanley Druckenmiller and David Tepper are betting big on firms at the forefront of the AI race - such as Microsoft, Alphabet and chipmaker Nvidia. Here's how seven top players are responding to the AI trend:
AI technology could boost S&P 500 profits by 30% or more over the next decade, a Goldman strategist said. "The real source of optimism now is productivity enhancements through artificial intelligence," Ben Snider said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyArtificial intelligence technology could boost S&P 500 profits to new highs over the next decade, according to a senior strategist at Goldman Sachs. And that could increase S&P 500 profits by 30% or more over the next decade," the Wall Street bank's Ben Snider told CNBC on Thursday. "A lot of the favorable factors that led to that expansion (of S&P 500) earnings seem to be reversing," Snider said.
Cryptocurrency giant Tether on Wednesday said that it's going to purchase hundreds of millions of dollars' worth of bitcoin to back the world's largest stablecoin. The company said it would invest 15% of its net profit into bitcoin to "diversify" the reserves that back its USDT token, which aims to stick to a 1-to-1 peg to the U.S. dollar. That would amount to roughly $222 million, based on the company's last attestation report, which provides a breakdown of the assets that make up its USDT reserves. Tether began revealing it was making gains from its USDT operation in February, declaring a net profit of $1.48 billion in March and taking its total excess USDT reserves to $2.44 billion. USDT is the largest stablecoin in the market, with a circulating supply of more than $82.8 billion, according to CoinGecko data.
Over the last several months, I've turned to ChatGPT for research, book summaries, and even pasta recipes. It was only in March that Bank of America strategists declared that AI was on the brink of its "iPhone moment," and that it was about to change the world forever. In the stretches he's referring to, stocks appreciated 15% on average, and inflation's also declined, something that would be welcome news for the Fed right now. The giant's quarterly iPhone sales slowed last quarter, and shareholders may have to brace for another snag. Apple's "base business is stagnating and its high-margin apps platform could be disintermediated by ChatGPT plugins," Wood said.
Billionaire hedge fund manager Paul Tudor Jones believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year. "I definitely think they are done," Jones said on CNBC's "Squawk Box" of the Fed's rate-hiking campaign. The central bank has hiked interest rates 10 times since March 2022, taking the fed funds rate to a target range of 5%-5.25%, the highest since August 2007. Jones shot to fame after he predicted and profited from the 1987 stock market crash. "We have no IPOs, no calendar, no secondaries, valuations are at 19 but nobody's rushing to offer so clearly, something is going on internally in the stock market," Jones said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLegendary trader Paul Tudor Jones: 'Really good chance' we'll be on the verge of recession in Q3Legendary trader Paul Tudor Jones joins 'Squawk Box' to discuss the U.S. economic and market outlook, recession fears, and shares his thoughts on bitcoin.
Legendary hedge fund manager Paul Tudor Jones said he's still hanging on to his bitcoin and always will. "So I'm sticking with it, and I'm going to always stick with it as a small diversification in my portfolio." Bitcoin has a fixed supply cap of 21 million coins, as designed and mandated by the Bitcoin code. "They've done so well recently because of the fact that we have had these great risk premiums," Jones said about bitcoin and gold. Jones has also previously said on CNBC that buying bitcoin is like investing in an early tech company .
The adoption of artificial intelligence and large language models could usher in a rare period of immense productivity, according to billionaire hedge-fund manager Paul Tudor Jones. Jones expects more division in this next market period, expecting big winners and big losers ahead. He sees the booming AI industry that's grown in popularity following ChatGPT's debut and contributed to a hefty chunk of this year's market gains as one of those major opportunity areas. If history is any guide, this AI-driven productivity cycle could foster solid gains for the market. Previous cycles cultivated productivity gains between 1% and 3%, PE expansions, stock market appreciation of 15% per year, and easing inflation, he noted.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with legendary trader Paul Tudor Jones on markets and economyLegendary trader Paul Tudor Jones joins 'Squawk Box' to discuss his thoughts on the economy, the Fed, markets, and more.
Today we're looking at what some of Wall Street's top investors and commentators say has to happen to curb the banking tumult. The shuttered bank had disclosed in its first-quarter earnings report that customers pulled over $100 billion of deposits in three-months. But even if the regulator did insure more money, former FDIC chair Jelena McWilliams said Thursday a move like that would only cost banks' customers more. A stock market portfolio created by ChatGPT is outperforming the top UK investment funds. Stock market investors should keep an eye out for five key indicators with volatility set to ramp up through the end of the year.
Starting in the 1980s, he crossed paths with leading investors, including Paul Tudor Jones. Dever says Jones delivered huge returns for Dever's clients, and explains what he learned from Jones. He also invested for several years in the 1980s with Paul Tudor Jones, now a billionaire hedge fund manager. While Dever remembers being very impressed by the returns Jones delivered, he also recalls what he learned from the approach that went into them. Shortly after Dever invested with Jones, Jones had a bad run in the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaul Tudor Jones: Your company's stock performance will be rewarded if you do what Americans wantJust Capital co-founder Paul Tudor Jones and T-Mobile CEO Mike Sievert join 'Squawk Box' to discuss the '2023 Just 100 rankings,' markets, and economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Just Capital's Paul Tudor Jones and T-Mobile's Mike SievertJust Capital co-founder Paul Tudor Jones and T-Mobile CEO Mike Sievert join 'Squawk Box' to discuss the '2023 Just 100 rankings,' markets, and economy.
The roster of high-profile investors who lost money betting on crypto exchange FTX also included New England Patriots owner Robert Kraft and billionaire hedge fund manager Paul Tudor Jones, according to court filings released late Monday. FTX's venture investors included a host of luminaries. Dan Loeb controlled over 6.1 million preferred shares through Third Point-connected venture funds. Rival exchange Coinbase held nearly 1.3 million preferred shares. CNBC has compiled and analyzed the following preferred share ownership using Delaware bankruptcy court filings.
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