Paul Tudor Jones says the stock market could go ‘crazy’ to the upside to end the year

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 […]

U.S. Inflation Accelerates to Six-Year High, Eroding Wages

U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor Department […]

One of the biggest M&A decisions will happen today. Here’s how AT&T-Time Warner will change the media world

[UPDATE: AT&T wins approval to buy Time Warner. Read all about the judge’s ruling here.] AT&T and Time Warner will find out their collective fate Tuesday when U.S. District Court Judge Richard Leon determines if the companies can merge. While the government and AT&T could appeal, the decision will have wide-ranging effects across the U.S. telecommunications world. Here’s how the […]

Markets react to Trump-Kim summit; AT&T ruling; Brexit votes

1. Trump-Kim summit: Markets were calm after President Donald Trump and Kim Jong Un concluded their historic summit in Singapore. US stock futures were steady. European markets posted small gains in early trading. Most Asian markets closed higher, while South Korea’s KOSPI index dipped by 0.1%. Nearly five hours of unprecedented and surreal talks between Trump and Kim culminated with […]