Citadel’s Ken Griffin said heavy selling of Japanese government bonds this week should serve as an “explicit warning” to US politicians to improve the nation’s finances. “The bond vigilantes can come out and extract their price,” Griffin told Bloomberg Television at the World Economic Forum in Davos. “What happened in Japan is a very important message to the House and to the Senate: You need to ge...
Citadel’s Ken Griffin said heavy selling of Japanese government bonds this week should serve as an “explicit warning” to US politicians to improve the nation’s finances. “The bond vigilantes can come out and extract their price,” Griffin told Bloomberg Television at the World Economic Forum in Davos. “What happened in Japan is a very important message to the House and to the Senate: You need to get our fiscal house in order.” Dealers in Tokyo said Tuesday’s trading session was the most chaotic in recent memory as yields on Japan’s 30- and 40-year bonds jumped by more than 25 basis points, the biggest move since US President Donald Trump ’s “Liberation Day” tariffs rattled global markets last year. Still, Griffin said the US is in a different position than Japan and is probably not in immediate danger. Read More: Japan’s Katayama Calls for Market Calm After Bond Selloff “The US has so much wealth that we can maintain this level of deficit spending for some period of time,” he said. “But the longer we wait to change direction, the more Draconian the consequences will be of that change.” In a wide-ranging interview, Griffin expressed optimism about Trump’s deregulation agenda. He also had a lot of praise for other works in progress under Trump — including on the US Southern border — but emphasized he is a strong advocate for smart immigration policies. Many of Citadel and Citadel Securities’ top executives are from all over the world, Griffin said. He broke step with the president somewhat on housing policy, saying the real issue with the US market is lack of supply and over-regulation. Griffin also added that US business executives are making a mistake if they aren’t voicing their opinions about Trump’s policies. “They really should not be afraid to use their voice,” Griffin said. “He’ll have his moments where he’ll troll. He’ll have those moments — but he does listen.”
A sample of a polymetallic nodule at the Viridian Biometals lab in Pasadena, California. | Photo: Getty Images The Trump administration took the next step toward unilaterally jumpstarting deep-sea mining this week, announcing a "consolidated" permitting process for both searching for and commercially extracting minerals that have so far remained relatively untouched. These minerals are found so de...
A sample of a polymetallic nodule at the Viridian Biometals lab in Pasadena, California. | Photo: Getty Images The Trump administration took the next step toward unilaterally jumpstarting deep-sea mining this week, announcing a "consolidated" permitting process for both searching for and commercially extracting minerals that have so far remained relatively untouched. These minerals are found so deep in the sea that they're beyond any single nation's national jurisdiction - which is why President Trump has sparked outrage over his efforts to bypass an international mining code. A chorus of scientists and ocean advocates warn that disturbing the deep seabed could trigger a chain of unforeseen consequences that could eventually harm coastal communities … Read the full story at The Verge.
U.S. President Donald Trump speaks during the 56th annual World Economic Forum (WEF), in Davos, Switzerland, January 21, 2026. Jonathan Ernst | Reuters President Donald Trump on Wednesday floated the idea of allowing depreciation — a yearly income tax deduction to recover certain property costs over a set period of time — for personal residences. "The crazy thing is a person can't get depreciation...
U.S. President Donald Trump speaks during the 56th annual World Economic Forum (WEF), in Davos, Switzerland, January 21, 2026. Jonathan Ernst | Reuters President Donald Trump on Wednesday floated the idea of allowing depreciation — a yearly income tax deduction to recover certain property costs over a set period of time — for personal residences. "The crazy thing is a person can't get depreciation on a house, but when a corporation buys it, they get depreciation," Trump said during an address at the World Economic Forum in Davos, Switzerland. "Okay, here's something we're gonna have to think about." However, it's unclear how that idea might come to fruition, and whether the proposal has Congressional support amid other legislative priorities. Read more CNBC personal finance coverage Trump floats idea to extend business tax break to homeowners Trump pause on student loan collections offers borrowers time to get current Senior 'bonus' is a 'valuable opportunity,' CPA says: How to make the most of it Unexpected expenses take 10% of retirees' income, on average, research shows More employers worry about workers' financial wellbeing, research shows Republicans want to end the 'marriage penalty' for this childcare tax credit Education Department to delay collections on defaulted student loans Trump pitches direct payments for health care. What policy experts say about it Students forgo four-year degrees in favor of community college, certificate programs Over 800,000 student loan borrowers in backlog for forgiveness, repayment plans Underwater car trade-ins are on the rise — and drivers owe a record amount This IRS deadline is a 'chance to catch up' on your 2025 taxes, expert says Workers have $2.75 billion saved in state-run retirement accounts — what to know More Americans expect to miss a debt payment: What that does to your credit score Student loan borrowers in default may miss Trump's 'largest tax refund season' CNBC's Financial Advisor 100: Best financial advisors,...
Intimate correspondence between John Cairncross and Gloria Barraclough features in National Archives exhibition It was a love letter written by one of the more important British spies of the cold war that made Tom Brass realise he had never fully known his mother. The spy in question was John Cairncross, the alleged fifth man in the Cambridge spy ring , whose spycraft helped the Soviets win the Ba...
Intimate correspondence between John Cairncross and Gloria Barraclough features in National Archives exhibition It was a love letter written by one of the more important British spies of the cold war that made Tom Brass realise he had never fully known his mother. The spy in question was John Cairncross, the alleged fifth man in the Cambridge spy ring , whose spycraft helped the Soviets win the Battle of Kursk and turn the tide of the second world war. Continue reading...
French video game publisher Ubisoft will undergo a reorganization, splitting the company into five creative divisions, it said on Wednesday while also revising its financial outlook. The revamp, set to commence in early April, divides Ubisoft into five units focusing on specific game genres. Under the new structure, Ubisoft's five "Creative Houses" will oversee their portfolios from brand develo...
French video game publisher Ubisoft will undergo a reorganization, splitting the company into five creative divisions, it said on Wednesday while also revising its financial outlook. The revamp, set to commence in early April, divides Ubisoft into five units focusing on specific game genres. Under the new structure, Ubisoft's five "Creative Houses" will oversee their portfolios from brand development to sales, and be responsible for their own budget.
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Cisco Systems is the #8 analyst pick. Cisco Systems also comes in above the median of analyst picks among the broader S&P 500 inde
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Cisco Systems is the #8 analyst pick. Cisco Systems also comes in above the median of analyst picks among the broader S&P 500 inde