Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Ken Griffin of Citadel in a letter to clients on Friday addressed for the first…
Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Ken Griffin of Citadel in a letter to clients on Friday addressed for the first time the firm’s purchase of assets from Leopold Aschenbrenner’s Situational Awareness hedge fund. According to a letter obtained by CNBC’s Sara Eisen, Griffin told clients that Citadel has unwound more than 80% of the aggregate risk from the original portfolio…
Trump to allow ground beef import without tariff
President Donald Trump on Friday morning said the United States will allow up to 300,000 metric tons of product for ground beef to be imported over the next three months without being subject to out-of-quota tariffs. Trump also said, “We have a commitment that this beef will be sold at 25 percent below current market…
Why vaccination rates are falling in the U.S.
A Medical Assistant gives a measles, mumps and rubella, vaccination to a young person at the pediatric office of Dr. Gary M. Kramer on Aug. 13, 2026, in Coral Gables, Florida. Joe Raedle | Getty Images Record measles cases and rising childhood vaccine exemptions in the U.S. have fueled concerns that Americans are increasingly turning…
U.S., Canada near final trade deal as Trump tariff deadline looms
Dominic LeBlanc (C), Canada’s minister in charge of US-Canada trade, arrives to meet with US Trade Representative Jamieson Greer at the headquarters of the Office of the United States Trade Representative in Washington, DC, on August 20, 2026. Mandel Ngan | AFP | Getty Images The U.S. and Canada have yet to announce a final…
No more doom scrolling? A Meta trial loss could reshape social media
Conceptual Portrait of Smartphone Addiction and Endless Scrolling. Marco_piunti | E+ | Getty Images This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Meta says it faces a trillion-dollar penalty and damage to its advertising model. But the trial could go well beyond one company. It could…
Romania destroys drone near Neptun Deep Black Sea gas project
A General Dynamics F-16 Fighting Falcon of the Romanian Air Force participates in the Tactical Leadership Programme in Albacete, Spain, on September 24, 2024. Joan Valls | Urbanandsport | Getty Images Romania’s president has accused Russia of deploying a marine drone that its military destroyed on Thursday after it was spotted close to a major…
Samsung plans up to $80 billion in shareholder returns after SK Hynix buyback
The logo of Samsung is seen at the Samsung Electronics Seocho building in Seoul on July 30, 2026. South Korean technology giant Samsung Electronics posted on July 30, a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. (Photo by Jung Yeon-je / AFP via…
Bitcoin on track for 20% weekly gain as investor optimism floods back
Bitcoin was on track for a weekly gain of around 20% early on Friday, following a spate of positive developments for the world’s largest cryptocurrency. Bitcoin was last seen at $75,343.01, up from $62,836.88 at the start of the week. Crypto stocks followed suit on Thursday, with Coinbase and Circle closing up 7.5% and 6.45%…
U.S.-Japan yen intervention, Bank of Japan: carry trade
Japanese 10,000-yen banknotes arranged in Kyoto, Japan, on Tuesday, Jan. 27, 2026. Kentaro Takahashi | Bloomberg | Getty Images Japan’s historic effort to prop up the yen may have had an unintended consequence: giving some investors a better opportunity to double down on carry trade. Japanese investors net bought more than 5 trillion yen of…
‘Perfect storm’ brews for global food supply as grain prices soar
In an aerial view, farmers use combine harvesters to harvest a wheat field near the city of Bila Tserkva on August 4, 2023 in Kyiv Oblast, Ukraine. Ed Ram | Getty Images News | Getty Images Russia and Ukraine continue to attack one another’s port infrastructure, blocking shipments from the “breadbasket of Europe” and driving…
