Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
HPV infections declined substantially since a vaccine was introduced, providing 'strong evidence' the vaccine prevents cervical cancer in the real world, according to a World...Health and Scienceread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Stanley Druckenmiller believes the overly easy monetary policies by global central banks will have disastrous consequences.
"The way you create deflation is you create an asset bubble. If I was 'Darth Vader' of the financial world and decided I'm going to do this nasty thing and create deflation, I would do exactly what the central banks are doing now," he told CNBC's Kelly Evans in an exclusive interview airing Tuesday on "Closing Bell. "
"Misallocate resources [with low interest rates], create an asset bubble and then deal with the consequences down the road," he said.
The investor noted how this boom-and-bust cycle has happened time and time again.
"Deflation just doesn't appear out of nowhere and it doesn't happen because you are near the zero bound. Every serious deflation I've looked at is preceded by an asset bubble and then it bursts," he said. "Think about the '20s, a big asset bubble that burst, you have the Depression. Think about Japan. Asset bubble in the '80s. It burst. You have the consequences follow. Think about 2008, 2009."
"If they had moved earlier and more aggressively in the early 2000s, we would have had a recession in '08 and '09, but not a financial crisis," he said.
The investor believes the Fed should raise rates and normalize monetary policy as soon as possible.
"The longer this goes on, the worse it's going to be," he added. "The sooner they can stop what's going on ... the better."
Druckenmiller is chairman and chief executive officer of the Duquesne Family Office. His hedge fund track record is unparalleled, generating annualized returns of 30 percent during his investment career. He has a net worth of $4.7 billion, according to Forbes.
Shortly after the Nov. 8, 2016, election Druckenmiller told CNBC he made a "large bet on economic growth." He was optimistic about President Donald Trump's win due to the prospects for deregulation and tax reform. The has risen 24 percent since election through Monday.
— CNBC's Kelly Evans contributed to this report.