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RARE PHOTOS: 2 | Rare Historical Photos

DraftKings Hits A Death Cross Ahead Of Q3 Earnings — Handing Ken Griffin A 25% Loss

DraftKings Inc (NASDAQ:DKNG) just hit a Death Cross — and its billionaire backers are feeling the chill.

Benzinga

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Fortune

Ken Griffin's Citadel Pours $65M in Mining Stock Days After Its 141% Expansion of Mineral Refining Capacity

Citadel Advisors purchased 9.66 million shares of American Resources stock worth $65.7 million (£49.2 million), at an average price of $6.81 per share.

International Business Times UK

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Top analyst says China is playing a ‘key role’ in the price of gold going through the roof, and he’s got the data to prove it

“Higher business uncertainty in the U.S. is also pushing gold prices up,” according to Apollo chief economist Torsten Slok.

Fortune

Ken Griffin To Wall Street: Forget ChatGPT — Hedge Fund Alpha Doesn't Need AI

At the JPMorgan Robin Hood Investors Conference on Wednesday, billionaire Ken Griffin poured cold water on Wall Street's latest obsession. While everyone else is racing to plug generative AI into their models, Griffin, Bloomberg reports, says the tech hasn't done much for hedge funds where it matters most — beating…

Benzinga

Jurassic Park Meets Stock Market: Rally Brings Record-Breaking Dinosaur Offering To Investors

Unless you're a billionaire or a museum, chances are that owning a full-scale mounted dinosaur are out of your price range.

Benzinga

'Crime and Taxes' Drove Citadel Out of Chicago, Ken Griffin Claims

Ken Griffin says rising crime and taxes forced Citadel to move its headquarters from Chicago to Miami.

International Business Times

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Trump's Genius Act Has Changed Global Monetary System, Says Economist: Stablecoins Will Usher In 'Hyperinflation'

Economist Lynette Zang issued a stark warning about the future of the U.S. dollar and global monetary stability, pointing to the implications of President Donald Trump's “Genius Act” and the rapid rise of stablecoins.

Benzinga

‘The debasement trade’: is this what’s driving gold, bitcoin and shares to record highs?

Investors fear governments will not – or cannot – rein in borrowing so are putting their money elsewhere

The Guardian - UK

Ray Dalio says investors should take inspiration from the 1970s and up their gold holdings

As gold tops $4,000, Ray Dalio urges investors to increase exposure, calling the precious metal a key diversifier amid debt concerns and global de-dollarization.

Fortune

Gold's rally signals investors' eroding trust in the U.S.

Investors are seeking to diversify from dollar-denominated assets.

Axios

Billionaires Ken Griffin, David Tepper, Philippe Laffont And More Load Up On Nvidia Stock As This Tech Bull Sees NVDA 'Going To $5 Trillion'

A cohort of Wall Street's most influential billionaire investors has significantly increased their holdings in Nvidia Corp. (NASDAQ:NVDA), signaling strong confidence in the AI chipmaker's future. The aggressive buying spree coincides with a bold prediction from a prominent tech analyst who sees the company's market capitalization soaring to $5 trillion.

Benzinga

Ken Griffin Warns AI Boom Could Take Decades, Not Years: 'Could Be 20 Years…It Can Be 30 Years'

Billionaire investor and Citadel CEO Ken Griffin is pumping the brakes on the rampant enthusiasm for artificial intelligence (AI), warning that its true economic impact may be decades away while simultaneously sounding the alarm on immediate economic threats, including high inflation and a historically weak U.S. dollar.

Benzinga

'We Have A Reckless Federal Reserve,' Says Gordon Johnson As Ken Griffin Warns Of Persistent Inflation, Historic Dollar Drop

Financial analyst Gordon Johnson issued a stark warning on X, accusing the Federal Reserve of “grossly negligent” behavior in failing to curb inflation. He said rising costs are pushing Americans to the brink, stating that people “can no longer afford life” — a situation he warns could lead to social…

Benzinga

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Fortune

America’s economy is on a ‘sugar high’ warns Ken Griffin, and investors retreating to gold is one sign of a comedown

Ken Griffin said investors want to make the most of the rally in American equities but are hedging their spoils out of U.S. sovereign risk.

Benzinga

Ken Griffin: 'Gold Is At Record Highs' And Crypto's 'Unbelievable' Run Is A Sign Of Portfolio Hedging Against US Risk — What Analysts Say

Billionaire hedge fund manager Kenneth Griffin is warning that a combination of persistent inflation and rising concerns over U.S. sovereign risk is driving investors to seek shelter in alternative assets like gold and cryptocurrencies.

International Business Times

Citadel Bumps Stake in SPAC by 1,300% Days Before SEC Approved Its Merger With Nuclear Plant Developer

Citadel Advisors purchased around a million shares of a blank cheque company just before it received SEC approval for a merger with a leading nuclear technology firm, which recently secured multiple government contracts.

Benzinga

Rigetti Stock Boom: Ken Griffin, Tudor Jones Land 163% Windfall In 88 Days

Paul Tudor Jones and Ken Griffin just turned a bold quantum bet into a windfall. Rigetti Computing Inc (NASDAQ: RGTI), a small-cap quantum computing company, has surged 162.9% since June 30, delivering huge gains for the billionaire investors who got in early.

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Fortune

Ken Griffin has a warning for Trump and the GOP: 'I would not underestimate how grating a 3% inflation rate could be' on Americans

Fed independence works in Trump’s favor too, Griffin added.

Fortune

Ken Griffin says CEOs lining up to beg Trump for tariff exemptions is ‘nauseating’—and that the White House showing ‘favor’ undermines the American story

Ken Griffin urges the White House to avoid picking corporate “winners and losers,” warning exemptions for major companies could backfire with future administrations.

Benzinga

Ken Griffin Slams Trump's 'Anti-American' And 'Nauseating' Tariff Policy: 'There's Only One Way This Game Ends'

Ken Griffin, a former supporter of President Donald Trump has publicly criticized the President’s tariff policy, calling it “anti-American.”

The Independent UK

Major charter school network expanding to Miami after lobbying for pro-charter state law

A charter school network backed by a billionaire hedge fund manager announced Thursday that it is expanding in Miami

Benzinga

Intel Stock Rally Hands Tepper, Griffin, Simons, Asness Close To A $290M Payday

Intel Corp's (NASDAQ: INTC) stock has been a rollercoaster, but four hedge fund titans — David Tepper, Ken Griffin, Jim Simons and Cliff Asness — are laughing to the bank with almost $290 million in gains since June.

Benzinga

Ken Griffin's $2 Billion Gamble: Is His 'Catalyst' Foundation the Future of American Philanthropy?

The billionaire founder of Citadel, Ken Griffin, is shifting his focus from markets to philanthropy with Griffin Catalyst, a platform launched in fall 2023 to direct his charitable giving.

Benzinga

Senate Panel Set To Advance Trump's Fed Pick Stephen Miran Despite Dem Pushback

Stephen Miran, President Donald Trump‘s pick for Federal Reserve governor, is likely to pass the Senate Banking Committee on Wednesday. This brings him closer to joining the central bank, even though there are worries about the Fed’s independence. The committee has 13 Republicans and 11 Democrats, and the Republicans are…

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