Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
Airline customer service agents overwhelmingly say they have been subjected to verbal harassment, according to a new U.S. government survey.Airlinesread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
"I love Amazon. This company, which everybody keeps quoting the multiple, is selling for less than three times sales. The S&P 500 is selling for over two times sales," Druckenmiller, the chairman and CEO of the Duquesne Family Office, told CNBC's Kelly Evans on "Closing Bell" on Tuesday.
Amazon shares have skyrocketed higher by more than 55 percent this year, but the sharp increase has elevated the stock's price-to-earnings multiple, a metric used to value stocks. According to FactSet, Amazon was trading at a multiple of 296. By comparison, the was trading at a price-to-earnings multiple of 22.
But Druckenmiller said the e-commerce giant is "intentionally underearning," noting Amazon is reinvesting capital back into its businesses instead. Druckenmiller also praised Amazon CEO Jeff Bezos, saying "I think Bezos is incredible."
Druckenmiller also praised Tencent, a Chinese technology company.
"I really like Tencent, and I really like their position. They're in payments, they've got their own version of Netflix, they've got their own version of cloud, WeChat is probably the best platform on the entire planet for all of it, and then they have a gaming business," Druckenmiller said. And like Amazon, "Tencent is intentionally underearning, and the long-term growth looks incredible."
Tencent's Hong Kong-listed shares have more than doubled this year, rising 104 percent. Druckenmiller said he owns Tencent shares.
He said Apple's products are great, "but they're probably no better than Samsung's."
On the smartphone maker, he added, "I just don't see the underearning that I see in these other companies."
The investor said he does not own Apple or have a short position against the company.
Druckenmiller's hedge fund generated annualized returns of 30 percent during his investment career. The investor has a net worth of $4.7 billion, according to Forbes.