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Billionaire Ken Griffin treated Citadel employees and their families to a weekend at Disney World. The 20th-anniversary event for Citadel Securities is one of many lavish events for the firm. This weekend, founder Ken Griffin treated Citadel and Citadel Securities' employees and their partners and children to an all-inclusive weekend in Disney World. The Disney World extravaganza was the 20th-anniversary celebration of market maker and trading firm Citadel Securities, and a belated event for hedge fund Citadel's 30th anniversary, which was in 2020. Citadel employees and families gathered at the Orange County Convention Center in Orlando, Florida on Saturday night for a party that featured a concert headlined by Coldplay.
That had a knock-on effect on money market funds, the main user of reverse repos, which surged cash into the reverse repo facility. Meanwhile, banks reduced short-term debt offerings, constraining what money funds could invest in. The reverse repo tool offers money market funds and other firms a place to park cash at the Fed overnight and earn a return. The Fed’s reverse repo facility was largely unused into the spring of 2021 and then inflows steadily ramped up. Some have made the case that as the Fed raises rates and reduces the size of its balance sheet to combat high inflation, inflows to the reverse repo facility should decline over time.
Believe it or not, one of the things that has been helping me lately is just carving out some chill time. Three things to watch‘Dead to Me’ Season 3Christina Applegate as Jen Harding in a scene from "Dead to Me" on Netflix. Saeed Adyani/NetflixThe new season of “Dead to Me,” starring Christina Applegate and Linda Cardellini, will be the dark comedy series’ last. I am especially invested in this last season given Applegate’s revelation that she has multiple sclerosis. ‘The Santa Clauses’Tim Allen (second from right) in a scene from "The Santa Clauses" on Disney+.
Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions. Negotiations are ongoing and the terms could change, said the sources, who asked not to be named because the talks are confidential. Coindesk previously reported on a coming investment at flat valuation, following FTX's last capital raise in January. FTX also offered to buy bankrupt crypto brokerage Voyager Digital in August but was turned down for what was called a "low ball bid." FTX saw net income of $388 million last year, up from just $17 million a year earlier.
Colombians are searching for Miami properties this year more than any other country's residents. COVID-19 caused a shift in preference from commercial to residential real estate as an investment. They see Miami real estate as a safe investmentWhy the turn to US real estate now? They see opportunity in residential real estate, as opposed to commercial real estate, like offices and retail spaces. "People were waiting to see who the next president was going to be, but now they're very afraid," Gomez said of Cipriani's Colombian buyers.
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