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The Latest Breaking News from Ken Griffin

Tax rule change will strengthen Illinois cannabis entrepreneurs

Now is the time to make these important, common-sense changes that will set up the industry and its members for success well into the future.

Chicago Sun-Times

At first debate of Chicago mayoral runoff, Johnson attacks Vallas’ record as rival tries to stay above the fray

CHICAGO — The first debate of Chicago’s mayoral runoff election featured a series of attacks from Brandon Johnson on Paul Vallas, who largely avoided attacking in kind, even as the criticism escalated.

Chicago Tribune

'It really shouldn't be this way': Top economist Mohamed El-Erian blames the Fed for bad messaging and stock volatility

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.

Fortune

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Wall Street’s most successful hedge fund just politely told the Fed to shut up

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

Fortune

DeSantis holds up Disney move as proof he’ll fight ‘woke’ corporations

LAKE BUENA VISTA, Fla. — As he declared victory over Walt Disney Co. on Monday, Gov. Ron DeSantis lectured the corporate leaders of the state’s biggest employer in its lifeblood tourism industry.

Orlando Sentinel

Gary Neville, Boohoo and Begbies Traynor: The 16 latest North West deals not to miss

BusinessLive has rounded up some of the latest top deals you should not miss

Birmingham Post

Florida Gov. Ron DeSantis visits Illinois as part of visit aimed at showing he’s pro-police

ELMHURST, Ill. — Florida Gov. Ron DeSantis, exploring a 2024 bid for the White House, came to west suburban Elmhurst on Monday as part of a tour attacking Democrats for enacting “woke” policies that encourage crime and weaken law enforcement as he recruited police officers to move to the Sunshine…

Chicago Tribune

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Boohoo stake increased by group owned by one of the world's richest men

Ken Griffin has an estimated net worth of £21bn

Birmingham Post

Ken Griffin credits Citadel’s historic $16 billion haul to employees' full-time return to the office

The secret to Ken Griffin’s record-breaking year, if you ask him, is simple: Workers returned to the Citadel offices.

Fortune

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

Chicago Sun-Times

Michael Hiltzik: A cowardly NHL bows down to a bullying DeSantis

Most children, probably by the age of 10, have learned the lesson that the worst way to placate bullies is to give them what they want.

Los Angeles Times

Chicago’s top 10 stories for 2022

Another whirlwind year of local news saw a string of City Hall denizens bowing out, thousands of families reeling from the ongoing epidemic of gun violence and a wave of new arrivals looking to get their footing.

Chicago Sun-Times

‘It’s crazy’: Billionaire owner wants to move Jennings Bryan’s historic Miami villa

Billionaire Miami newcomer Ken Griffin, who has received an effusive welcome from local politicians as he moves his Citadel financial empire to the Magic City from Chicago, wants them to do something for him: Take one of the city’s most significant historic homes off his hands.

Miami Herald

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

Chicago Tribune

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The Independent UK

Generous boss sends 10,000 staff to Disney World after ‘record year’

Workers jetted off to Orlando for three days

The Independent UK

Hedge fund CEO’s employee gift of three days at Disney World stirs controversy

Celebrations come as Wall Street firms prepare for leaner times and cut back

The Guardian - US

The biggest losers in the US midterm elections? Republican mega-donors

Donors like Peter Thiel poured millions into candidates that no amount of money could sell to voters while Mehmet Oz self-funded a failed run

Belfast Live

Campaigners call for Havelock House in Belfast to be used as a space for artists

The current proposal for the former home of UTV is demolition to make way for residential apartments

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Fortune

Ken Griffin warns U.S. faces ‘immediate Great Depression’ if China seizes Taiwan’s semiconductor industry

The Citadel CEO worries U.S. restrictions on selling advanced computer chips to China could make invading Taiwan more tempting to Beijing.

Chicago Sun-Times

New state Senate GOP leader welcomes billionaires’ bucks but warns party must ‘diversify our fundraising’

“We have to broaden that appeal because we’re getting heavily outspent in all our races all across the state,” new state Senate Minority Leader John Curran said.

Fortune

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Fortune

FTX implosion could shake Gen Z investor confidence in financial markets altogether, warns Ken Griffin

Trust in all financial markets could be rocked, says the founder of the Citadel hedge fund.

Chicago Sun-Times

Illinois GOP fundraising base has badly eroded over the years

It’s either jump into the far-right political bed with billionaire Richard Uihlein, or deal with the GOP’s stark fiscal reality and scramble every day to raise a few bucks here and there.

Axios

Trump's new torments: Midterms dent invincibility

"Trump’s invincible … until he’s suddenly not," a former senior Trump administration official said.

Chicago Tribune

Illinois Gov. J.B. Pritzker’s victory speech spurs presidential speculation

CHICAGO — When Democratic Gov. J.B. Pritzker claimed victory Tuesday night over a vanquished Republican Darren Bailey for a second term as Illinois governor, he also presented himself as a possible 2024 candidate for the White House if President Joe Biden opts not to seek a second term.

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