A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
Employer medical costs are projected to rise by 6% next year, after averaging about 5.5% annually over the last three years, according to PwC.Health and Scienceread more
Voice technologies have a long way to go before they can be reliably used for health and medical services, but Google is furthest along.Technologyread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
Hedge fund manager and legendary trader Paul Tudor Jones has joined Bill Gates and Warren Buffett's pledge to give more than half of his wealth away to charity.
Tudor Jones is among 19 philanthropists who have signed the Giving Pledge in the last year, a commitment created by Gates and Buffett to donate at least half of one's fortune to philanthropic causes during their lifetime or after their death.
"We are joining the Giving Pledge because it deepens the joy of giving," Tudor Jones and wife Sonia Tudor Jones said in a statement Tuesday. "We have been giving all of our lives, so taking the Pledge will change nothing in the logistics or amount of our charity."
More than 200 philanthropists have joined the pledge since its inception in 2010, including Bill Ackman, Ray Dalio, Michael Bloomberg and Mark Zuckerberg. MacKenzie Bezos announced her commitment to the pledge on Tuesday. She has a net worth of $36.6 billion after her divorce from Amazon founder Jeff Bezos.
Tudor Jones, founder of Tudor Investment, is known for making bold calls on the markets. He famously predicted Black Monday of 1987, more than doubling his assets during the stock market crash due to his large short positions.
The billionaire hedge fund manager called December's massive sell-off in stocks, saying the market could drop as much as 15% before rebounding. Indeed, the S&P 500 tanked nearly 20% from its October all-time high in December before its strong comeback in January.
Tudor Jones was estimated by Forbes to be worth more than $5 billion.
In a February interview, the legendary manager said that he's "very bullish on U.S. stocks, " seeing that American equities will outperform their global peers.
Tudor Jones is also a critic of corporate share buybacks, saying the "mania" is causing troubling social ills. He called for more responsible and ethical investing, adding that companies should ask whether employees are making a living wage and how much is being given back to charities before making buybacks.