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Ken Griffin Torches Trump Over 'Distasteful Favoritism' And Conflicts Of Interest, Opens Door To Political Run
zerohedgehace 137d

Ken Griffin Torches Trump Over 'Distasteful Favoritism' And Conflicts Of Interest, Opens Door To Political Run

Ken Griffin Torches Trump Over 'Distasteful Favoritism' And Conflicts Of Interest, Opens Door To Political Run Citadel CEO Ken Griffin raised eyebrows this week when he left the door open to future public service or even running for office, while issuing some of his sharpest criticism yet of President Donald Trump.“I’d like to believe that at a future point in my life, I will be involved in public service,” Griffin said during an interview at the WSJ Invest Live event Tuesday. “I’ve been able to have my voice heard on important issues, and I’d like to think that I’ve nudged the country and in small ways in good directions.”Ken Griffin, speaking at WSJ Invest Live, didn’t say no when @emmatuckerWSJasked if he would run for office. (Read president) pic.twitter.com/vntp9BTL4B— Jack Otter (@JackOtter) February 3, 2026Griffin, a prominent Republican donor who contributed more than $100 million to conservative candidates and causes in the 2024 election cycle but did not back Trump’s re-election bid directly also took aim at the administration's approach to business, saying the business leaders are tiring of what he sees as appeasing the president.“When the U.S. government starts to engage in corporate America in a way that tastes of favoritism, I know for most CEOs that I’m friends with, they find it incredibly distasteful,” the billionaire hedge fund manager said. “Most CEOs just don’t want to find themselves in the business of having to, in some sense, suck up to one administration after another to succeed in running their business.”Griffin also ripped Trump and members of his inner circle for business dealings riddled with conflicts of interest, including the Trump family’s crypto company World Liberty Financial. The Wall Street Journal recently reported that Sheikh Tahnoon bin Zayed Al Nahyan, UAE national security adviser, brother of the president, and often called the "Spy Sheikh," secretly acquired a 49% stake in World Liberty Financial for $500 million. The deal was signed by Eric Trump just days before his family’s second inauguration in January 2025. The president has denied any knowledge of the agreement.“This administration has definitely made missteps in choosing decisions or courses that have been very, very enriching to the families of those in the administration,” Griffin said. “That calls into question, is the public interest being served?”Griffin, who moved his hedge fund from Chicago to Palm Beach citing rising crime and high taxes in Democrat-run Illinois, teamed up with Stephen Ross this week to contribute $10 million to the "Ambition Accelerated" campaign through the Florida Council of 100, aiming to lure CEOs, founders, and investors to state’s Gold Coast.“Where you choose to build a business determines how much time is spent driving growth versus navigating bureaucracy,” Griffin said in a statement. “Miami and the broader South Florida Gold Coast offer deep talent, regulatory clarity, and an extraordinary quality of life." Tyler DurdenWed, 02/04/2026 - 18:50

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Nigeria saved N6tn through downstream oil reforms – FG
punchnghace 137d

Nigeria saved N6tn through downstream oil reforms – FG

Nigeria’s sweeping downstream oil reforms have saved the country N6tn, transitioning it from import reliance to a potential net exporter of petroleum.Read More: https://punchng.com/nigeria-saved-n6tn-through-downstream-oil-reforms-fg/

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Simone Wu Sells 8,080 Shares of Choice Hotels International (NYSE:CHH) Stock
tickerreporthace 137d

Simone Wu Sells 8,080 Shares of Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) SVP Simone Wu sold 8,080 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $101.56, for a total transaction of $820,604.80. Following the completion of the transaction, the senior vice president directly owned 48,803 [...]

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Tech Wreck
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Tech Wreck

This post Tech Wreck appeared first on Daily Reckoning.This could get ugly...The post Tech Wreck appeared first on Daily Reckoning.

#TECH
RBA hikes interest rates six months after last cut
ferntreegullyhace 137d

RBA hikes interest rates six months after last cut

The Reserve Bank of Australia has hiked interest rates by 25 basis points, becoming the first major central bank to go from rate cuts to rate hikes following the post-Covid inflation spike. In a unanimous decision on Tuesday, the RBA’s monetary policy board lifted the cash rate to 3.85 per cent. The move was tipped [...]

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Chinese semiconductor engineer Xu Zhenpeng says he left US to find freedom
scmphace 137d

Chinese semiconductor engineer Xu Zhenpeng says he left US to find freedom

Leading chipmaking engineer Xu Zhenpeng said the United States no longer offered the freedom that researchers once expected – a key reason for his decision to continue his work in China.Xu, who joined Shanghai Jiao Tong University (SJTU) as a tenure-track assistant professor in January, left behind a team leadership role at Atomic Semi, a California start-up with high-profile backers that included OpenAI’s venture fund.Before his departure, Xu led a team that was developing a new kind of...

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