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☆ Citadel's relocation to Miami was a success. But can Ken Griffin get the rest of Wall Street to do it?
  + stars: | 2024-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.
Persons: —, we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone
☆ Why Faulty Streetlights Are Turning Cities Purple — and Why It's Worrisome
  + stars: | 2022-11-29 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +14 min
LED streetlights are supposed to shine for the better part of a decade. Every city with purple lights that responded to my queries or has public records on the matter bought its LED lights from Acuity. The blue LED, with its narrow wavelength, enabled all sorts of modern tech, from the compact disc to flat-screen monitors. Acuity and the purple cities haven't been entirely transparent on that matter. "The purple streetlights are a result of the phosphor coating delaminating from the LEDs," says Fiona Hughes, a representative for the city of Vancouver.
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