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Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024. Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence. "I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York. Crony capitalism is an economic system marked by close, mutually advantageous relationships between business leaders and government officials. At the same event, Griffin also said that he's not focused on taking Citadel Securities public in the foreseeable future.
Persons: Ken Griffin, Donald Trump, Griffin, Trump, he's, We're Organizations: Citadel Advisors, Economic, of New, Citadel, Citadel Securities Locations: of New York, New York, America, Washington
Together with her friend Mariah Allen, she started a company called Controlled Chaos in 2021 to sell pre-worn festival outfits. Getting thriftyThough she went to music festivals like Warped Tour when she was in high school, Karasack started regularly going to festivals, especially electronic dance music festivals like Electric Forest, in 2018. So in 2021, she decided to make her own festival outfits, using the sewing skills her grandmother had taught her as a child. In 2024, she'll attend eight music festivals, and she typically goes to nine or 10 per year. "The music festival scene is the most open and welcoming scene that there is — it is so much fun," she says.
Persons: She's, Karasack, Brooklyn Karasack, Andrea Desky, Mariah Allen, she's, Allen, she'll, , Hurricane Milton, Pete, automates, whatever's Organizations: CNBC, Insurance, Transportation, Hulu, Spotify, Hurricane Locations: Brooklyn, St . Petersburg , Florida, TikTok, Florida, Canada, Las Vegas, St
AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .
Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, , Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London
AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.
Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States
AdvertisementCitadel founder Ken Griffin said on Thursday that he's "open" to selling a stake in his hedge fund. Griffin had previously sold a minority stake in his market maker to VC funds Sequoia and Paradigm. BlackRock's potential investment into Izzy Englander's Millennium might have Citadel founder Ken Griffin thinking. Griffin said Sequoia has pushed Citadel Securities' leadership in the boardroom, making them a better company. AdvertisementAs for who he'd want as a minority stakeholder of Citadel, Griffin clearly has a type.
Persons: Ken Griffin, Griffin, Izzy Englander's, Larry Fink, Sam Bankman, he'd, that's, it's, Sequoia Organizations: Citadel, Sequoia, Economic, of New, BlackRock, Millennium, Financial Times, Bloomberg, Citadel Securities, Apple, Nvidia Locations: of New York, York
Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.
Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California
AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.
Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York
AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.
Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe
Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app
Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's
AdvertisementBox CEO Aaron Levie said Democrats should embrace Elon Musk. Levie, who supported Kamala Harris, said he thinks Musk is uniquely qualified to support innovation. In an interview with Business Insider, Levie explained why he thinks Democrats should make an effort to embrace Musk, and how he thinks it would benefit American innovation. Levie supported Vice President Kamala Harris for president, donating to her campaign as well as President Joe Biden's before he dropped out of the race. He said he thinks Musk would be uniquely able to identify things that get in the way of progress in those areas.
Persons: Aaron Levie, Elon Musk, Kamala Harris, Levie, Joe Biden's, didn't, Donald Trump, Musk, Hillary Clinton, Joe Biden, Biden, Tesla, EVs, he'd, Sen, Chris Coons, " Coons, Coons, Pete Buttigieg, Helene, Buttigieg, Vivek Ramaswamy, Ramaswamy, Musk's Organizations: Democratic, Business, Democratic Party, Republicans, SpaceX, Twitter, White, Ford, GM, Tesla, EVs, Republican, Fox, Department of Government Efficiency, Transportation, Elon, Politico, Department of Government, Department of Defense Locations: Delaware
Denzel Washington is Hollywood royalty, but the two-time Academy Award winning actor can still recall what it was like to think that his acting career might slip away from him. In an interview with British Vogue while promoting "Gladiator II", Washington and costar Paul Mescal were asked when they felt like they had "made it" in their careers. Washington, however, was brought back to the contents of his pantry at the start of his career. "I remember keeping cans of food," he says. "Whenever I stopped hoarding cans of food, I knew I made it."
Persons: Denzel, Paul Mescal, Mescal, he's Organizations: British Vogue Locations: Hollywood, British, Washington
AdvertisementSome Trump family members will serve as unofficial White House advisors in his second term. After serving as a senior advisor during Trump's first term, Ivanka Trump will not reenter politics. President-elect Donald Trump's family members may not hold as many formal White House roles as they did during his first term, but they'll still remain important parts of his political operation. Aside from Melania Trump, who will return as first lady, Lara Trump holds the most established leadership position as cochair of the RNC. Other Trump family members like Ivanka Trump and Tiffany Trump will remain out of the spotlight.
Persons: Trump's, Ivanka Trump, Lara Trump, Ron DeSantis, Donald Trump's, they'll, Melania Trump, She's, Florida Sen, Marco Rubio's, he's, Barron Trump, Trump, Tiffany Trump Organizations: White House, RNC, Florida, Marco Rubio's Senate
AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"
Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,
Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."
Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, , TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles
President-elect Donald Trump Wednesday named former Acting Attorney General Matt Whitaker as his pick for the next ambassador to the North Atlantic Treaty Organization (NATO), a key alliance that Trump derided for years. He served just three months in the position until Bill Barr was confirmed as attorney general. Before becoming acting attorney general, Whitaker served as chief of staff to Sessions when he was attorney general. Trump has long criticized NATO, accusing European allies of not contributing enough toward defense spending. In February, Hillary Clinton warned that Trump would seek to withdraw the U.S. from NATO if he were to be re-elected.
Persons: Donald Trump, Matt Whitaker, Trump, Matt, Whitaker doesn't, Whitaker, Jeff Sessions, Bill Barr, George W, Bush, Ursula von der Leyen, Hillary Clinton, JD Vance, Putin Organizations: Donald Trump Wednesday, Atlantic Treaty Organization, NATO, Patriot, NATO Allies, AMERICA, Justice Department, Trump, Twitter, Sessions, Southern, Southern District of, Center of Law & Justice, Policy Institute, Union, NBC, Fox News, Fox Business, Ukrainian, U.S Locations: States, Southern District, Southern District of Iowa, Russia, Europe, Ukraine, U.S, Poland
Of course, these basic rules of political decorum are ones Donald Trump has rarely followed. He’s been accumulating political capital, and his victory only gives him an opening to accumulate more ... if he chooses to. On some level, I accept the notion that one person’s revenge is another person’s “reform,” so I’m sure Trump could argue he’s appointing reformists. What will ultimately matter is whether these folks can govern like reformers or end up simply as conduits for Trump’s revenge. Here’s the political problem Trump is creating for himself: He’s taking full ownership of the entire bureaucracy now.
Persons: Donald Trump, He’s, Trump, acquiesce, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, let’s, Nancy Mace's, Hegseth, , wasn’t, Harris, Joe Biden, Biden, I’ve, didn’t, Barack, Biden’s Organizations: , Justice Department, Fox, Defense Department, Department of Health, Human Services, GOP, Pentagon, “ DEI, Biden, Democratic, Trump Locations: Russia, Oklahoma, Afghanistan, overreach
AdvertisementAlex Li lives in Dover, Delaware, which is 55 miles from where his wife and daughter reside. As a 34-year-old founder, husband, and dad, Alex Li is away from his family more than he'd like to be. Related storiesMen should take on more family responsibilities, Li saidSome of Li's male friends didn't understand why he felt guilty. AdvertisementIf his wife needs a break, Li's daughter stays with him in Dover while his wife takes a vacation. "My daughter was incredibly excited since it had been years since we traveled together as a family," Li recalled.
Persons: Alex Li, Li, Li's, he'd, he's, He's, he'll, Jane Zhang Organizations: Universal Studios Singapore, Universal Locations: Dover , Delaware, Wilmington , Delaware, Dover, Texas, Wilmington, Spain
AdvertisementPalmer Luckey said his firing from Facebook changed his approach to business relationships. He went on to found Anduril Industries, a $14 billion defense startup. Oculus founder Palmer Luckey said his frosty departure from Facebook years ago changed the way he approaches business deals. Luckey went on to become the founder and face of Anduril Industries, a tech defense startup reportedly worth $14 billion, but he told Fortune that the dramatic firing changed how he approaches business. Now, as his defense company supplies weapons for the Russia-Ukraine war, he said he's working on his reputation in the business world.
Persons: Palmer Luckey, Luckey, Donald Trump, he'd, Fortune, Gabrielle Wesley, America It's, Forbes, Trump, John Carmack Organizations: Facebook, Industries, Anduril Industries, Mars, America Locations: Mars Wrigley, Russia, Ukraine
AdvertisementDenzel Washington is approaching 70, and he's taking steps to ensure that he ages well. For instance, he's almost 10 years sober and has started working out with a trainer, he told Esquire. Denzel Washington, 69, knows he's not getting any younger, so he's choosing to prioritize his health. I stopped at 60 and I haven't had a thimble's worth since," Washington told Esquire. I feel like I'm getting strong.
Persons: Washington, Denzel Washington, he's, Esquire, , haven't, Wine, Lenny Kravitz, there's, Alyson van Raalte Organizations: Denzel Washington, Academy, CDC, Washington, Business
AdvertisementCher is dating Alexander Edwards, a music executive and producer. Cher rose to fame alongside her first husband Sonny Bono, who was 11 years her senior. AdvertisementEdwards is a music-industry executive who has worked with Def Jam RecordsTyga and Alexander Edwards at the 2024 Victoria's Secret Fashion Show. AdvertisementAs for his future plans, Edwards told Stoned Fox that he's also interested in acting. "Slash Electric Alexander Edwards.. the world is urs now," he wrote in the caption, per People.
Persons: Alexander Edwards, Edwards, Slash, who's, Cher, Alexander, AE, Sonny Bono, Warren Beatty, Kevin Mazur, Stoned Fox, Coco Jones, Muni Long, Justin Bieber, LL, Rihanna, YK Osiris, Osiris, Riggs Morales, Kylie Jenner, He's, Tupac, Usher, Pharrell, Tyga, he's, Amber Rose Alexander Edwards, Amber Rose, Roger Kisby, Def Jam Rose, Donald Trump, Ye, Wiz Khalifa, Sebastian, Rose, urs, Rose accused Edwards, doesn't, Sonny, hadn't, Slash Electric Alexander Edwards, Elisabeth Egan Organizations: Def Jam, Sony Music, New York Times, Def Jam Records, Sony Music Publishing, Last Kings, Last Kings Records, Republican National Convention, TMZ, CBS, Slash Electric Locations: Los Angeles, England
The blue holes' future is in limbo. Kakuk continues to dive but no longer looks for fossils in Sawmill Sink. Neither she nor Kakuk dives at Sawmill Sink anymore. Plans to turn the blue holes into a national park, too, have stalled. And there's plenty more to be found in the blue holes.
Persons: Kakuk, Brian Kakuk, Hurricane Dorian, " Steadman, Steadman Locations: Sawmill Sink, Albury
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreSifting through a sea of gift ideas when none seem ideal is an experience everyone is familiar with. If you're wanting to avoid that headache this year, one of the best remedies can be to utilize the convenient, fast, and reliable perks of shopping on Amazon and its mountain of gifting options. To make your last-minute shopping easier, we found 35 gifts for him that won't cost more than $100, but that he's still sure to like. Shop the 31 best Amazon gifts for him:
Persons: he's, it'll Organizations: Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKlarna CEO on taking the company public: Being a global player in this industry will be criticalSebastian Siemiatkowski, co-founder and CEO of Klarna, joins CNBC's 'The Exchange' to discuss why now is the right time to take Klarna public, trends he's seeing in consumer spending, and more.
Persons: Sebastian Siemiatkowski
AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Here's what could happen to Rowan's vision if he leaves and who might fill his shoes. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Rowan is Apollo's second CEO since the firm was founded in 1990. AdvertisementJosh Harris, another founder, was also reportedly in the running for CEO, but Rowan got the job.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowski, Marc, Apollo's copresidents, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Zelter, Citigroup, Athene, Trump Locations: Athene USA
AdvertisementAlex Li lives in Dover, Delaware, which is 55 miles from where his wife and daughter reside. Spending time away from his family so that he could work on his startup has led to guilt and regret. As a 34-year-old founder, husband, and dad, Alex Li is away from his family more than he'd like to be. AdvertisementIf his wife needs a break, Li's daughter stays with him in Dover while his wife takes a vacation. "My daughter was incredibly excited since it had been years since we traveled together as a family," Li recalled.
Persons: Alex Li, Li, Li's, he'd, he's, He's, he'll, Jane Zhang Organizations: Universal Studios Singapore, Universal Locations: Dover , Delaware, Wilmington , Delaware, Dover, Wilmington, Spain
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