Paul Tudor Jones says we’re in a global debt bubble and maybe the tax cut wasn’t a good idea

Paul Tudor Jones says we’re in a global debt bubble and maybe the tax...

Billionaire investor Paul Tudor Jones said Thursday that the world has loaded on too much debt which could bring trouble across asset classes. "From a 50,000-feet viewpoint, we're probably in a global debt bubble," Jones said at the Greenwich Economic Forum in Connecticut. "Global debt to GDP is at an all-time high." "This is going…
Cramer mocks Wall Street idea that Apple stock is ‘one analyst note away’ from being finished

Cramer mocks Wall Street idea that Apple stock is ‘one analyst note away’ from...

CNBC's Jim Cramer on Thursday mocked what he called a belief on Wall Street that Apple's stock is one more negative analyst note away from being finished for good. Wall Street analysts, who have recently been peppering Apple's stock with downgrades, are concerned the tech giant will suffer declines in iPhone unit sales over the…
Bernie Sanders targets Walmart with bill that would prevent stock buybacks unless companies pay workers $15 minimum wage

Bernie Sanders targets Walmart with bill that would prevent stock buybacks unless companies pay...

Drew Angerer | Getty Images Sen. Bernie Sanders (D-VT) speaks during a press conference to discuss legislation for a 15 dollar minimum wage, on Capitol Hill, May 25, 2017 in Washington, DC. 31 Democrats have pledged to support the legislation so far.  In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing…
US and China conflict goes way beyond trade, says Ray Dalio, founder of world’s largest hedge fund

US and China conflict goes way beyond trade, says Ray Dalio, founder of world’s...

The dispute between the U.S. and China over trade deficits and surpluses is rather trivial compared to the broader philosophical differences between the world's two biggest economic superpowers, Bridgewater Associates founder Ray Dalio told CNBC on Thursday. "The trade war, I think, can be worked out," the billionaire investor Dalio said in a "Squawk Box"…
Billionaire investor Ray Dalio: Fed raised rates to a point where they’re hurting asset prices

Billionaire investor Ray Dalio: Fed raised rates to a point where they’re hurting asset...

Hedge fund billionaire Ray Dalio argued on Thursday the Federal Reserve has raised rates to a point where they're hurting asset prices. The central bank needs to start looking at monetary policy's impact on asset prices before economic conditions, Dalio said, adding he would error on the side of caution on rate hikes. The Fed…
Sterling plunges as key ministers quit in protest at Brexit deal

Sterling plunges as key ministers quit in protest at Brexit deal

Sterling plunged by over 1 percent against the dollar Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post, piling yet more pressure on U.K. Prime Minister Theresa May. On Wednesday, May said she had obtained enough support from her senior ministers for her draft Brexit deal to move forward. This came after…
UK prime minister has ‘a huge mountain to climb’ as Brexit battle lines are drawn over draft deal

UK prime minister has ‘a huge mountain to climb’ as Brexit battle lines are...

Enda Kenny, who served as Irish leader from 2011 to 2017, told CNBC that he felt sympathy towards May. "Prime Minister May has shown considerable conviction and courage in actually putting all of these issues ... to her Cabinet," he told CNBC's Joumanna Bercetche on Thursday. "In fairness to Theresa May, she's put up with…
US state spending exceeds $2 trillion in fiscal 2018: report

US state spending exceeds $2 trillion in fiscal 2018: report

U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released on Thursday. Total expenditures grew an estimated 4.8 percent compared to 3.8 percent in fiscal 2017, the National Association of State Budget Officers'…
Key tips on negotiating a pay rise — and what to do if it doesn’t work out

Key tips on negotiating a pay rise — and what to do if it...

Ultimately, not only should you know your value at work, but in the overall market too. "Politely and respectfully let your employer know that you know what you're worth, because you're not just worth something to them, you're worth something to other people," Dunn said at Stylist Live. If you're being paid under the market…
No quick win for China on trade despite Kudlow-Navarro dispute, experts say

No quick win for China on trade despite Kudlow-Navarro dispute, experts say

But less visibility for Navarro isn't seen translating into more acquiescence on trade by the White House. "We weren't expecting any substantive breakthrough at the G-20, even if Navarro hadn't been sidelined," Nick Marro, an analyst at The Economist Intelligence Unit (EIU), told CNBC. "Remember that he isn't the only hawk in the administration: Robert…

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