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☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ Ken Griffin is doing his best to goad Trump into debating Nikki Haley
▼ + stars: | 2023-11-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Citadel CEO Ken Griffin is trying to get Donald Trump to debate Nikki Haley. He highlighted Haley as Trump's main rival, but said he was still deciding if he wanted to back her. AdvertisementHedge fund boss Ken Griffin on Tuesday urged former President Donald Trump to take on fellow presidential hopeful Nikki Haley in a GOP primary debate. "I think the real issue is, is Donald Trump, for all of his bluster, willing to get on stage with Nikki Haley or not?" "The American public needs to see, can Donald Trump hold his own with Nikki Haley?"

Persons: Ken Griffin, Donald Trump, Nikki Haley, Haley, —, Griffin, Joe Biden, What's, Trump, who's, Sonali Basak, Haley's, Ron DeSantis, that's, Vivek Ramaswamy, Ramaswamy, Biden, Adolf Hitler Organizations: Citadel, Service, Bloomberg, GOP, Florida Gov, Trump Locations: Miami

☆ One of the most active homebuyers on Wall Street just predicted the demise of Opendoor and other iBuyers that have made housing so volatile
▼ + stars: | 2023-02-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

In an interview with Bloomberg, Mullen doesn't see nearly as much chaos in today's housing woes, though pitfalls and opportunities still abound. In today's market, with most homeowners paying substantially lower mortgage rates than prevailing levels and mortgage delinquencies low, regular people aren't likely to sell. Homebuilders, representing another industry that's highly sensitive to housing market swings, are under pressure but can survive, Mullen said. Stepping back, Mullen's read is that too many institutions got in at the top of the housing market. "The most obvious example is iBuyers," Mullen said.

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