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The Latest Breaking News from Ken Griffin

US billionaire in talks with GB News co-owner over Telegraph bid

Founder of Citadel hedge fund Ken Griffin linked to group of investors including Sir Paul Marshall

The Guardian - UK

Ken Griffin, a character in ‘Dumb Money,’ slams movie’s ‘false implications and inaccuracies’

A spokesman for the former Illinois billionaire, played on screen by Nick Offerman, says some errors in the film were corrected at his request, a claim denied by the screenwriters.

Chicago Sun-Times

Kathy Griffin opens up about her own ‘paedophilic brother’ as she condemns supporters of Danny Masterson

Mila Kunis and Ashton Kutcher are among 50 people to have written letters of support for convicted rapist Masterson ahead of his sentencing trial

The Independent UK

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A chance to get rid of the Trump sign?

Rich guys pay to plaster names over stuff all the time; maybe one will free us of a name we see too much already.

Chicago Sun-Times

DeSantis is resetting his campaign again. Some Republicans worry his message is getting in the way

Ron DeSantis is dismissing concerns about his latest staffing shakeup as he returns to Iowa in the midst of a weekslong campaign reset

The Independent UK

Mayor for Hire: Francis Suarez’s wealth boomed while he promoted Miami as tech capital

MIAMI — In his first term as mayor of Miami, Francis Suarez increased his personal net worth five-fold as he used his public office to court technology and real estate companies eyeing business opportunities in the Magic City.

Miami Herald

The typical Citadel summer intern is making $19,200 a month

Wall Street is attempting to attract Gen Z employees with high pay. Citadel is leading the way.

Fortune

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Billionaire's hedge fund sells almost entire Boohoo stake after shares drop

Mike Ashley's Frasers Group acquired a stake in Boohoo earlier this week

Birmingham Post

Decades of Decadence review: Marco Rubio joins publishing’s motley Republican crew

The Florida senator was the future once. Now, he struggles to muster the shamelessness or swagger of a Hawley or a Cotton

The Guardian - US

Even OpenAI CEO Sam Altman thinks people are going a little too crazy over A.I.: ‘It's wildly overhyped in the short-term’

In contrast, the OpenAI chief pointed out that in the long term, A.I. may be undervalued.

Fortune

Hedge fund billionaire Ken Griffin thinks 'the A.I. community is making a terrible mistake’ by spreading hype about the new tech

You've probably heard that A.I. will take your job. "I think they’re actually doing everybody a huge disservice with the level of hype they are creating."

Fortune

One of Chicago’s wealthiest people has a plan to get other CEOS to help him fight violence

James Crown is leading the multimillion-dollar strategy, asking CEOs to find jobs for thousands as part of an ambitious effort to cut the number of killings in Chicago to fewer than 400 a year within five years.

Chicago Sun-Times

Look at what hedge funds really do – and tell me capitalism is about ‘rewarding risk’

‘Alternative asset managers’ are mainly focused on protecting themselves from losses – and they get tax breaks for it, too, says author Brett Christophers

The Guardian - UK

University of Chicago’s new international police academy teaching policing successes of New York, Los Angeles, not Chicago

Homicide rates plummeted in those cities over the past 30 years. “We haven’t seen that same success in Chicago, where murder rates have remained stagnant for 30 years. That needs to change,” said Kristen Mahoney, director of the new academy.

Chicago Sun-Times

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Chicago Sun-Times

Financial transaction tax for Chicago? Forget it

A Chicago tax on financial transactions, a proposal that’s been repeatedly floated from some progressives, is off the table in Springfield.

Tribune News Service

New Disney penalties hint at DeSantis’ punitive streak

TAMPA, Fla. — Florida Gov. Ron DeSantis has promised that Disney won’t get the last word.

Tribune News Service

Citadel’s Ken Griffin gives $300 million to Harvard University

Billionaire Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater.

The Guardian - US

Harvard to rename school after top Republican donor following $300m gift

Graduate school of arts and sciences to be named in honor of Ken Griffin, 54, hedge-fund billionaire and world’s 35th richest person

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Chicago Tribune

Latest Forbes list shows Musk, Trump, and others are worth less, while Illinois lost its wealthiest resident

Forbes published its annual billionaires list Tuesday and for the first time in years, hedge fund manager Ken Griffin is not the richest person in Illinois.

The Guardian - UK

A bloody delusion: how Iraq war led to catastrophic aftermath in Middle East

The 2003 invasion’s legacy reverberates in the emboldenment of Iran, Islamic State’s violence and the disintegration of Syria

Fortune

Ken Griffin says SVB failure would have been 'lesson in moral hazard'

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

Chicago Sun-Times

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 Tribune

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.

Fortune

'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

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.

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