Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes.” “The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Griffin warned when speaking with the Financial Times on Monday after federal agencies…
NTD Business (Dec. 14): Fed Hikes Rate Again, Hints More to Come; Hedge Fund Billionaire Ken Griffin Sues IRS
The Fed raises rates by another half a percent. Markets react strongly in the red. We have expert insight. Hedge fund billionaire Ken Griffin is suing the IRS for leaking tax returns—the tax returns of America’s 25 richest people, of which he is one. Republican-led states are calling on Apple and Google to stop labeling…
One of the World’s Richest Men Warns US Recession Is Inevitable
One of the richest men in the United States warned that a U.S. recession is inevitable and called on the Federal Reserve to keep raising interest rates to combat rising inflation. In a recent conference, Citadel founder and investor Ken Griffin said a recession or downturn seems inevitable in what appears to be a “hard…
Richest Man in Illinois Moves Business From Chicago to Miami Amid Crime Concerns
The richest person in Illinois announced Thursday he’s moving his hedge fund firm’s headquarters from Chicago to Miami, Florida, coming as he said that crime in the Windy City is far too high. “Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois,” billionaire…
Griffin’s Citadel Leaving Chicago: Report; Biden Admin Cancels $6B in Student Loans | NTD Business
Illinois’s richest man is reportedly abandoning Chicago; Ken Griffin is moving the headquarters of his Citadel hedge fund to Florida. Why? The White House is canceling $6 billion in student loan debt for borrowers who claim they were defrauded by their college. Tesla factories in Texas and Berlin are losing billions of dollars, according to CEO Elon…
This Billionaire Won $8 Million Bid for a Seat on Blue Origin’s Space Flight—But He Won’t Be Making the Trip
Hedge fund Citadel’s founder, Ken Griffin, successfully bid for a seat on the New Shepard capsule of Jeff Bezos-founded Blue Origin but will reportedly not be part of its trip to space. What Happened Griffin has decided to donate his seat to a school teacher from New York City, Bloomberg reported. Griffin’s representative and Citadel CTO Umesh Subramanian made the winning $8 million bid in…
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