Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
Paul Tudor Jones, the legendary hedge fund manager who called the October 1987 crash, believes the stock market will rally near the end of this year.
"I think we'll see rates move significantly higher beginning some time late third quarter, early fourth quarter," Jones said Tuesday in a CNBC "Squawk Box " interview with Andrew Ross Sorkin. "And I think the stock market also has the ability to go a lot higher at the end of the year. ... I can see things getting crazy particularly at year-end after the midterm elections ... to the upside."
But he said the move higher will not be sustainable and higher interest rates will lead to an eventual recession. Jones compared the current period to 1987 in the U.S., 1999 in the U.S. and 1989 in Japan. Though he noted he doesn't believe there's a market crash coming like in 1987.
"I think this is going to end with a lot higher prices and forcing the Fed to shut it off," he said. "When you look at the stock market relative to GDP, we're at levels that historically in some other countries led to a blow-off [rally] and then some type of economic contraction. ... It's an old story, we'll probably play it again."
Jones said he does not have significant exposure to the financial markets due to the timing of his predictions.
"I have a feeling we're getting ready to go into a summer lull. ... I can't remember how many years it's been since I've been this light in my positions," he said. "I like to have significant leveraged positions when I think there is an imminent price move directly ahead."
Earlier this year in an interview with Goldman Sachs, the hedge fund manager also predicted a rise in inflation and a surge in the U.S. 10-year Treasury yield. He recommended investors stay in cash or buy commodities and "hard assets" at the time.
Jones rarely talks to the press. He has a net worth of $4.5 billion, according to Forbes.