INTERNACIONAL
Chicago knows what happens when Ken Griffin turns on a city, now Mamdani may find out
NEWYou can now listen to Fox News articles!
There is no clearer example of what happens when billionaire Ken Griffin turns on a city than in Chicago — a blueprint that he’s now following in New York.
The Citadel founder is clashing with New York City Mayor Zohran Mamdani over taxes targeting the ultra-wealthy and intensifying crime, reviving the same tensions that drove him to pull his business and billions out of Chicago.
Griffin, worth about $50 billion according to Forbes, moved the firm’s global headquarters from Chicago to Miami in 2022, a departure that showed how quickly jobs, investment and influence can follow when a major financial player leaves.
The move marked Griffin’s break from Chicago, where he built one of the world’s most powerful hedge fund and market-making operations, which helped cement the city’s status as a global financial hub.
MAMDANI’S RISE IN NYC MIRRORS ECONOMIC FLIGHT TO THE SOUTH, STUDY SHOWS
Ken Griffin, founder of Citadel, moved the firm’s operations from Chicago to Florida in 2022, marking a major shift for one of the world’s most powerful hedge funds. (Krisztian Bocsi/Bloomberg via Getty Images)
The Windy City, which served as Citadel’s home for more than 30 years, has seen much of the firm’s workforce shift south, with the office go from roughly 1,300 employees to a few hundred and still shrinking.
«Asking people to leave Chicago for New York or Miami has not been hard,» Griffin said at a conference in New York on Oct. 6.
«Chicago, over the past six or seven years, has been engulfed in a series of problems,» he said, pointing to crime as one of the city’s most pressing challenges, along with broader economic and policy concerns weighing on employees’ willingness to stay.
BILLIONAIRE KEN GRIFFIN SAYS CITADEL’S CHICAGO EXODUS WAS ‘NOT HARD,’ CITES CRIME, TAXES
«I think the sad part of the story is how many people who had built lives in Chicago were willing to walk away from that and move to Miami or New York, just given the challenges that Illinois has faced,» he added.
For Chicago, the result has been a steady erosion of one of its most prominent corporate anchors — shrinking office space, relocating employees and the departure of a billionaire who once poured hundreds of millions into the city’s institutions and politics. It also meant fewer high-paying finance jobs downtown and the disappearance of a major civic and cultural benefactor.
That dynamic is now resurfacing in New York, where Griffin is locked in an escalating fight with Mamdani, echoing the early stages of his break with Chicago when Lori Lightfoot was mayor and JB Pritzker was governor of Illinois.
MAMDANI THANKS SAME BILLIONAIRE HE TARGETED IN TAX VIDEO FOR NYPD MONEY
On April 15, NYC Mayor Zohran Mamdani posted a video outside Ken Griffin’s Manhattan penthouse promoting a new «tax-the-rich» policy. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Images / Getty Images)
The dispute was 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 the hedge fund powerhouse by name.
«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 has since criticized the video as «creepy and weird» during a discussion at the Milken Institute Global Conference on April 6. He said he watched it three times.
Asked about Citadel’s plans for a $6 billion office tower at 350 Park Avenue, he said the firm is reassessing the project while doubling down on its expansion in Miami, which he called «unquestionably» the right choice.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Citadel CEO Ken Griffin purchased the penthouse property at 220 Central Park South in 2019 for roughly $238 million. (Jeenah Moon/Bloomberg/Getty Image)
The clash highlights a widening divide between progressive ambitions in major cities and the financial leaders who help drive their economies.
It also raises a broader question: whether New York could follow a path similar to Chicago’s where a prolonged standoff between political leadership and one of its most powerful business figures ultimately ended in departure.
Meanwhile, Florida and other red states have branded themselves as business- and billionaire-friendly, welcoming high earners and balking taxes that would burden their empires.
chicago, new york city, taxes, zohran mamdani, chicagos crime wave
INTERNACIONAL
Obama-era attorney flips script on Comey indictment naysayers with warning not to bury DOJ yet
NEWYou can now listen to Fox News articles!
Legal experts are pushing back on skepticism surrounding the indictment of former FBI Director James Comey, arguing the Department of Justice would not have brought the case without meeting key legal thresholds.
«Lots of folks are saying the case is going nowhere, but, way too early to reach that conclusion,» former Democratic U.S. Attorney John Fishwick, who served in Virginia during the Obama administration, said, cautioning against prematurely dismissing the case.
The indictment, brought last month in the Eastern District of North Carolina, alleged Comey, a longtime Trump nemesis, threatened the president and delivered interstate communications containing threats when he posted a photo on Instagram of seashells reading «8647» last year.
Free speech advocates and leftist critics pushed back against the indictment, accusing the DOJ of infringing on protected speech in the name of prosecuting one of Trump’s top political rivals. Comey, whom Trump fired as FBI director in 2017, has been outspoken against the president and profited off sales from his anti-Trump book, while Trump has said Comey is «guilty as hell» on social media and that he should face criminal charges.
BLANCHE TURNS THE TABLES ON COMEY INDICTMENT CRITICS: ‘REST ASSURED’ CASE GOES BEYOND INSTAGRAM POST
Former FBI director James Comey speaks before lawmakers after being indicted by the Justice Department. (Cheriss May/Getty Images)
«Comey is out for revenge against Trump and has publicly gone after Trump separately from the seashells,» Fishwick said, adding that Trump also publicly said he perceived the message as a threat.
Prosecutors must prove Comey’s intent and that the message constituted a «true threat,» a high legal bar that has fueled questions about whether the case can succeed, especially in the recent threat environment where Trump has now faced three alleged assassination attempts.
«You prove intent like you always prove intent,» acting Attorney General Todd Blanche said on «Meet the Press» this weekend. «You prove intent with witnesses. You prove intent with documents, with materials. … This is not just about a single Instagram post. This is about a body of evidence that the grand jury collected over the series of about 11 months.»
Chad Mizelle, former DOJ chief of staff, told Fox News Digital the legal standard for convicting Comey for threatening the president was high but that the indictment suggested there was underlying evidence.
«I don’t think the department would have secured the indictment without concrete evidence that Comey did knowingly and willfully threaten the president of the United States,» Mizelle said.
Mizelle noted evidence could take many forms, such as nonpublic text messages or emails.
«What was Comey’s intent when he said it?» Mizelle asked. «I suspect DOJ has evidence of that, and I’ll wager it’s not favorable to Comey.»
IN TRYING TO SECURE COMEY INDICTMENT, US PROSECUTORS HAVE SHORT WINDOW — AND A DIFFICULT CASE TO MAKE
Todd Blanche, President Donald Trump’s nominee for deputy attorney general, testifies before the Senate Judiciary Committee in Washington, D.C., on Feb. 12, 2024, facing questions about Justice Department independence and Capitol riot investigations. (Daniel Heuer/Bloomberg)
The term «86» has been used as slang to get rid of someone or something, often in restaurants for an unavailable item or refused customer. Prosecutors alleged that, paired with «47» — a reference to Donald Trump as the 47th president — Comey’s post amounted to a threat.
Before serving as head of the FBI, Comey was a federal prosecutor and deputy attorney general for the Department of Justice.
Comey, «more than any American, knows not to make threats and what a threat looks like,» Fishwick said.
Sen. Josh Hawley, R-Mo., told Fox News: «This is a very smart guy. He knows what he’s doing. He’s nobody’s fool. … He knew exactly what he was doing, but hey he’s going to have his day in court.»
The DOJ secured the indictment from a grand jury days after a third alleged assassination attempt on Trump at the annual White House Correspondents’ Association dinner, a point Blanche has drilled down on as evidence that prosecuting threats to the president, regardless of who made them, is a top priority. Fishwick said the political violence would be relevant if the case makes it to trial.
«As background to any trial, jurors in North Carolina will be aware of all the political threats in this country and know that something must be done about it,» Fishwick said.
George Washington University law professor Jonathan Turley raised First Amendment concerns, saying if the case rested solely on the image of seashells forming «8647,» it could face significant legal hurdles, arguing the image «is clearly protected speech» absent additional evidence.
James Comey posted a photo on Instagram showing him standing on a beach. (Fox News)
The Foundation for Individual Rights and Expression said «86» could actually mean impeachment and that the charges defied Supreme Court precedent that established the standard for a «true threat.»
«The idea that Comey’s picture of seashells conveyed a serious intent to harm the president is ridiculous,» the group wrote on social media. «The administration should abandon this transparent and unconstitutional attempt to punish a critic.»
FBI DEPUTY DIRECTOR DAN BONGINO: JAMES COMEY ‘BROUGHT SHAME TO THE FBI AGAIN’ WITH ’86 47′ POST
Comey had quickly deleted the post, saying at the time that he did not realize that he had shared something ominous. After the indictment, he said he was «still innocent.»
«I’m still not afraid, and I still believe in the independent federal judiciary, so let’s go,» Comey said.
Judicial Watch President Tom Fitton accused «the left media [of] rushing to the defense of James Comey, pretending it’s about free speech.»
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
«You don’t have the right to advocate for the killing of the president,» Fitton said.
Comey’s arraignment is set for May 11 in Greenville. Comey’s lawyer did not comment for this story.
attorney general, fox news, first amendment, fbi, james comey
INTERNACIONAL
Argentina investigators zero in on possible origin point of hantavirus in deadly cruise outbreak
NEWYou can now listen to Fox News articles!
A bird-watching tour in a region that had never recorded a hantavirus case is now at the center of an urgent investigation, as Argentine officials examine whether a Dutch couple unknowingly brought the deadly virus aboard a cruise ship after a stop at a landfill.
Argentina’s leading hypothesis is that a Dutch couple may have been exposed to rodents while visiting the landfill during the tour in the city of Ushuaia, contracting the virus before boarding the cruise ship, two Argentine officials investigating the origins of the outbreak told The Associated Press on Wednesday.
Hantavirus usually spreads by inhaling contaminated rodent droppings. The World Health Organization (WHO) said human-to-human transfer is uncommon, but possible.
Authorities previously said Ushuaia and surrounding Tierra del Fuego province had never recorded a hantavirus case.
RARE HANTAVIRUS HUMAN-TO-HUMAN TRANSMISSION SUSPECTED ON LUXURY CRUISE SHIP WHERE 3 HAVE DIED
Health workers in protective gear evacuate patients from the MV Hondius cruise ship into an ambulance at a port in Praia, Cape Verde, on May 6, 2026. (Misper Apawu/AP)
The Dutch-flagged MV Hondius ship is at the center of an outbreak that has already killed three passengers and sickened several others. Contact tracing is underway across Europe and Africa to track possible spread among passengers who have since disembarked.
Testing in Switzerland, South Africa and Senegal has confirmed that this is the Andes strain, according to authorities. The WHO says the variant is found primarily in Argentina and Chile that can spread through close contact, though rare.
The MV Hondius cruise ship is anchored at a port in Praia, Cape Verde, on May 6, 2026. (Misper Apawu/AP)
Swiss officials said a man who returned from the cruise sought treatment after developing symptoms and was immediately isolated. They said he tested positive for the Andes strain.
WHO Director-General Tedros Adhanom Ghebreyesus said Wednesday that three suspected cases were evacuated from the vessel and are being transported to the Netherlands for treatment.
An ambulance evacuates patients from the MV Hondius cruise ship to the airport in Praia, Cape Verde, on May 6, 2026. (Misper Apawu/AP)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
«At this stage, the overall public health risk remains low,» Tedros said.
The Associated Press contributed to this report.
outbreaks, cruises, infectious disease, travel, viruses, world
INTERNACIONAL
Vidas trastocadas: más de 90 millones de adultos en EE.UU. sienten el golpe directo de la política inmigratoria de Trump
Con el pasaporte en el bolsillo
Conexiones personales de los estadounidenses con la aplicación de las leyes migratorias
Aproximadamente 6 de cada 10 adultos hispanos dicen que ellos o alguien que conocen han sido impactados por la aplicación de las leyes migratorias
La mayoría cree que EE.UU. solía ser un gran lugar para los inmigrantes
La mayoría apoya la ciudadanía por nacimiento, pero también mantiene puntos de vista matizados
Actualización de la Ley de Armas: qué habilita el decreto
La alternativa en el calendario que analiza la Fórmula 1 tras las cancelaciones de los GP de Baréin y Arabia Saudita
Levantaron el secreto fiscal ante ARBA de Adorni y su esposa tras la declaración del contratista de la casa del country Indio Cuá
Obama-era attorney flips script on Comey indictment naysayers with warning not to bury DOJ yet
Molinos y Arcor contra YPF, en medio de la «nueva economía» de Milei
Milei insiste con blindar a Adorni y lo dejó a cargo de la gestión, pero crece el malestar en el Gabinete
ANSES oficializó el calendario de pagos de mayo con aumentos para jubilados y beneficiarios de AUH
El arquitecto que refaccionó la casa del country declaró que Adorni lo llamó para ofrecerle asesoría legal
¡EXPLOTA LA INTERNA! Patricia Bullrich prepara el portazo: el pacto secreto con Macri para «borrar» a Milei en 2027
La Justicia revisa los gastos de Manuel Adorni y mañana escuchará a otro testigo en la causa
POLITICA2 días agoEl arquitecto que refaccionó la casa del country declaró que Adorni lo llamó para ofrecerle asesoría legal
- POLITICA3 días ago
¡EXPLOTA LA INTERNA! Patricia Bullrich prepara el portazo: el pacto secreto con Macri para «borrar» a Milei en 2027
- POLITICA3 días ago
La Justicia revisa los gastos de Manuel Adorni y mañana escuchará a otro testigo en la causa
