Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
"If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now," he said Friday on CNBC's "Squawk Box."
"The good news is we'd all be much more equal because everybody would be poorer but the rich would have lost a lot more wealth than the poor would have," he joked.
Earlier this week, Druckenmiller said he believed President Donald Trump will lose his reelection bid thanks to discontent in key swing states. He said the Republican president got lucky in 2016 and could lose if Democrats run a more centrist candidate. The problem, he said, would be if a "crazy" Democrat beats him.
"I personally think it's going to depend on the Democratic candidate, but he drew an inside straight: He won seven out of seven states by less than half a percent," Druckenmiller said this week. "If you go county by county in Pennsylvania, Michigan and Wisconsin, he is in deep, deep, deep trouble. And that was with the economy growing at 3%."
In Friday's interview, the billionaire investor also said the president's aggressive trade policies could kill "animal spirits" and business confidence and disrupt key supply chains.
Plans by progressive politicians have pitted Wall Street against certain left-wing members of the Democratic Party who hope to triumph over Trump next year. Sanders, a self-described democratic socialist, is the No. 2 favorite to win the nomination behind more-centrist Vice President Joe Biden, according to recent polls.
Druckenmiller and other hedge fund managers feel that a far-left candidate and their policies could increase regulation and taxes, deflating stock prices.
The Vermont senator outlined a plan in a New York Times op-ed earlier this year that would prevent companies from repurchasing their stock unless they pay workers at least $15 an hour and other benefits.