Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
Billionaire hedge fund manager Stanley Druckenmiller said Friday he doesn't have a problem with a higher capital gains tax.
"I don't really think capital gains promote investment as much as advertised out there. It's hard for me to believe that Larry Page, Mark Zuckerberg and Jeff Bezos would have said, 'Oh my God, the capital gains is going to be 35% and I'm not going to be trying to found Amazon or Google.' So I don't have a problem with it," Druckenmiller said on CNBC's "Squawk Box. "
Former Vice President Joe Biden, the front-runner in the Democratic presidential primary, said recently that the current 20% capital gains tax is "much too low."
"The problem with the capital gains hike ... is that it might not raise that much revenue. And I'm not into something just because it's fair. But frankly, I think I kind of agree with Biden," Drukenmiller said.
Taxing the wealth has been a theme in the race for the 2020 Democratic presidential nomination. Sen. Elizabeth Warren has proposed an "ultra-millionaire" tax on the wealthiest families in America, and Sen. Bernie Sanders wants to jack up the estate tax, including a 77% rate for over $1 billion.
"The narrative about inequality is correct, but one piece of the story is left out, is that everybody is doing better and unfortunately the people [at the top] are really accelerating. I don't believe the way to solve this is let's just rule everything and everybody would be worse off," Drukenmiller said.
He is former chairman and president of Duquesne Capital and is currently CEO of Duquesne Family Office.