February 20, 2021

Day: February 20, 2021

Ken Griffin denies Citadel uses personal information from retail investors

Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from its market-making operation.

Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under scrutiny from Congress about their role in last month’s GameStop mania.

“I think there’s been a number of misperceptions about the data we receive from the brokerage community. In fact, a prominent U.S. senator asked us specifically about what personal identifying information do we receive from retail investors. The answer is none,” Griffin told “Squawk Box” co-host Andrew

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Business is Education – Evanston RoundTable

Kingsway Preparatory School selected by the Boosting Black Business Facebook Group

An Evanston Facebook group launched to help raise money for Black-owned businesses is shifting its focus to raise money and awareness for African-American education.

Evanston born-and-raised founder Tosha Wilson started the Boosting Black Business page in July of 2020 when she and a cousin, Jacqui White, were denied a business loan for their Laundry Café project. After facing this roadblock in starting her own business, Ms. Wilson felt she could not be alone in this process. The Laundry Café project has new life and a potential new home in

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Tesla’s bitcoin investment reportedly made more profit this year than car sales in the whole of 2020 | Currency News | Financial and Business News

Bitcoin’s historic rally has been a source of debate.

Tesla’s $1.5 billion bitcoin investment didn’t just make headlines, it has also made the company more profit than its car sales last year, according to a Times of London report.

On Friday, the cryptocurrency smashed through the $55,000 level, bringing its market cap above $1 trillion. This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. That’s almost 30% more than its $721 million revenue from electric vehicles, per the report.

Bitcoin’s

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Capitalist Finance Is Incompatible With a Free Press

Anyone who cares about press freedoms and the future of journalism should be sparing with their sighs of relief since Trump was removed from power. This is not just because President Joe Biden has chosen to continue Trump’s project of seeking Julian Assange’s extradition to the United States — though of course, that is easily the greatest threat to the First Amendment under either Trump or almost any modern president before that.

Rather, the sad fact is the Fourth Estate revered in liberal thinking continues to be threatened by something unrelated to whether a Democrat or Republican happens to sit

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Fed Officials Saw Easy-Money Policies Remaining in Place

Federal Reserve officials agreed at their most recent policy meeting that they would need to hold interest rates very low and continue central bank bond purchases to help spur the economy’s recovery from the effects of the coronavirus pandemic.

Most of them thought that the $900 billion federal stimulus package approved in December, the likelihood of more fiscal support and continued distribution of Covid-19 vaccines “would lead to a sizable boost in economic activity” this year, according to minutes of the Fed’s Jan. 26-27 meeting.

Still, they noted “the pandemic continued to pose considerable risks to the economic outlook” and

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Quibi Alleges Elliott Is Funding Eko Lawsuit for Personal Reasons

Quibi winked offline in December, most of its employees have been let go and Roku now owns Quibi’s content library. But Jeffrey Katzenberg and Meg Whitman’s ill-fated video streamer is still battling a lawsuit trying to extract more than $100 million in damages from the defunct startup — and now, Quibi’s lawyers are suggesting the head of the hedge fund behind the litigation has a personal financial interest in the case.

Interactive-video firm Eko sued Quibi last year, alleging patent infringement and trade-secret theft. The Eko lawsuit against Quibi is being funded by activist hedge fund Elliott Management, which took

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