Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Mamdani praises Ken Griffin for police support despite billionaire feud

Published

on

Mamdani praises Ken Griffin for police support despite billionaire feud

New York City Mayor Zohran Mamdani built his political agenda by taking aim at billionaires. Now he’s praising one for backing the police.

Last week, Mamdani publicly thanked Citadel billionaire Ken Griffin for supporting police funding, a moment that flew somewhat under the radar but offered a glimpse into a more complicated dynamic between the hedge fund king and the socialist mayor.

Advertisement

NYC MAYOR CITES $180K RACIAL WEALTH GAP TO JUSTIFY TAXES, POLICE CUTS

New York City Mayor Zohran Mamdani is seen speaking at an event in New York.

New York City Mayor Zohran Mamdani has previously criticized billionaires, including Ken Griffin, whom he recently thanked for supporting police. (Spencer Platt/Getty Images / Getty Images)

“I want to thank everyone who is here with us in the Hall of Heroes today, with special thanks to Police Commissioner [Jessica] Tisch and NYPD leadership,” Mamdani said at One Police Plaza, speaking before department brass and families of slain officers.

“I also want to thank Ken Griffin for funding a memorial wall that will open later this year,” he added.

The acknowledgment came just days after a public spat between the two, sparked by Mamdani’s viral April 15 video promoting a proposed tax on second homes worth more than $5 million. Filmed outside Griffin’s 24,000-square-foot Central Park South penthouse—purchased for a record $238 million—the video singled out Griffin by name.

Advertisement

FROM FREE BUSES TO CITY-OWNED GROCERY STORES, HERE ARE MAMDANI’S KEY ECONOMIC PROMISES

A view of 220 Central Park South building in New York City on Wednesday, Jan. 23, 2019.

Citadel CEO Ken Griffin purchased the penthouse property at 220 Central Park South in 2019 for roughly $238 million. (Jeenah Moon/Bloomberg/Getty Images / Getty Images)

“This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,” Mamdani said in the clip.

Griffin sharply criticized the move, calling it a “personal attack” and a “profound lack of judgment” during remarks at the Norges Bank Investment Management 2026 Investment Conference in Oslo, where he questioned what he described as the “demonizing” of business leaders.

The clash underscores a widening divide between progressive ambitions for the city and the financial sector that has long powered its economy.

Advertisement

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Following the episode, Griffin, who primarily resides in Florida, signaled he could reconsider a major Midtown Manhattan development, raising the stakes of the clash.

For Griffin, the donation fits a broader pattern of backing law enforcement efforts in major cities; for Mamdani, the acknowledgment may signal a willingness to shore up funding for public safety.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Morning Headlines

Published

on

Morning Headlines

Big business’s rush to tap AI meets reality of rising costs

Continue Reading

Business

Bayer says no plans to restructure despite litigation threat

Published

on

Bayer says no plans to restructure despite litigation threat


Bayer says no plans to restructure despite litigation threat

Continue Reading

Business

Kraft Heinz Canada adds cheddar-based cheesecake

Published

on

Kraft Heinz Canada adds cheddar-based cheesecake

The cheesecake is blended with KD cheese.

Continue Reading

Business

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

Published

on

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

Continue Reading

Business

Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say

Published

on

Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say


Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say

Continue Reading

Business

Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share (PLTR)

Published

on

The Market Is Offering Palantir Stock On A Golden Platter (NASDAQ:PLTR)

This article was written by

I’m a full-time investor focused on special situations and opportunistic ideas across the public equity markets. My capital is concentrated in a small number of names at any given time. I’d rather own eight to fifteen high-conviction positions than a diversified basket, and I typically hold through multi-quarter or multi-year time horizons rather than trading around short-term price action. Special situations are where I spend most of my research time: spinoffs, post-bankruptcy equities, recapitalizations, activist setups, complex capital structures, forced-seller dynamics, and underfollowed micro- and small-caps where the market is mispricing fundamentals or asymmetrically discounting future cash flows. I’m drawn to ideas where there’s a clear catalyst, where the bear case is well understood, and where information asymmetry creates a window before the broader market catches up. Sector-wise, I gravitate toward companies riding durable secular tailwinds, defense and the broader national-security supply chain, AI infrastructure (the picks-and-shovels layer more than the pure-play LLM names), space and dual-use technology, and digital transformation in legacy industries. The screen is strong unit economics, high incremental returns on invested capital, defensible moats, and management with meaningful skin in the game.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

LARRY KUDLOW: Will the Los Angeles moms come home today?

Published

on

LARRY KUDLOW: GOP must message better to win the midterms

Once upon a time California was a truly great state. After World War II people were moving West. It was beautiful. It worked. It had good cops. It had fabulous business opportunities. Taxes were modest. Roads were being built. GI’s coming home from the war went to live there, went to school there, married there, had kids there, got educated there. Wow, what a place.

Richard Nixon came out of California. Ronald Reagan came out of California. S.I. Hayakawa, California. George Murphy. The great Pete Wilson. George Deukmejian. Even the liberals weren’t all that liberal. And most of all, California worked. But that was then. 

Advertisement

Now, it doesn’t work anymore, as everybody knows. So today is the big election day, jungle primary day, and the big race is really for Los Angeles’s mayor. Now I won’t forget my pal Steve Hilton, with a Trump endorsement — I hope he does well in the gubernatorial race, but all the talk is about Spencer Pratt running for Mayor against Karen Bass.

This is a very important race, but it’s not really a policy debate, and it’s not really a partisan political race in the usual sense. I think it’s more a question of whether moms can win back Los Angeles as a good place to live. And this chap Spencer Pratt is going for the moms’ vote. Of course it’s about the fires. It’s about the homeless, it’s about drugs, and schools, and safety. That’s why I think it’s about moms. And I have a feeling they’re going to vote their gut. It’s not so much about policies as it is about moms and their families.

My friend Victor Davis Hanson writes how the Democratic party itself has been hijacked by a bunch of left-wing Jacobins. Crazy people of whom Mayor Karen Bass is a card-carrying member.

Advertisement

Today’s Democrats don’t mind Nazi tattoos. They want the southern border to be open. Everything is about racism, DEI. They’re for cashless bail. Biological men in women’s sports. Arrest violent felons and put them back on the streets. Radical abortion on demand. And virtually no place for God and religion.

For some reason, these democratic left-wing Jacobins have completely lost touch with working-class folks of all colors, shapes, and sizes, which is why President Trump has whooped them two out of the last three elections: maybe three out of the last three elections.

As I said before, I really don’t think this election is a heavy dose of policy. Today’s election is not about Mr. Trump. It may not even determine whether Los Angeles ends up in dystopia or recovery for the next 20 years. Instead today’s election is about a nice guy whose home was burned in the fires, with a clever sense of humor, a lot of common sense, and an appeal to Los Angeles moms to please come home.

Advertisement
Continue Reading

Business

Exclusive-Warsh pledges to follow best of Fed’s traditions, while also looking for change

Published

on

Exclusive-Warsh pledges to follow best of Fed’s traditions, while also looking for change


Exclusive-Warsh pledges to follow best of Fed’s traditions, while also looking for change

Continue Reading

Business

Scams have grown more sophisticated, but people are fighting back

Published

on

Scams have grown more sophisticated, but people are fighting back

As governments across the world restricted the movements of their citizens during Covid lockdowns from 2020, people spent more time online. We bought more online and socialised more online, and this brought us closer to the people who want to scam us. At the same time, realistic video impersonations, voices, websites, and texts became more commonplace, and scammers increased their use of social media including WhatsApp.

Continue Reading

Business

PDO: Best For A Normalizing Interest Rate Environment

Published

on

PDO: Best For A Normalizing Interest Rate Environment

PDO: Best For A Normalizing Interest Rate Environment

Continue Reading

Trending

Copyright © 2025