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Ken Griffin urges NYC business leaders to fight socialist mayor Mamdani

Billionaire Citadel founder Ken Griffin is encouraging New York’s business leaders to take on socialist Mayor Zohran Mamdani, warning that the city’s future could be at risk if employers and investors stay quiet.
“They need to find their voice and fight for their city,” Griffin said Thursday at a Manhattan event, according to Bloomberg.
“My advice is to speak up. What’s the worst that’s going to happen? It will be that New York empties of talent and that’s a catastrophe. If the mayor wants to say a few words about you, your record speaks for itself: You create jobs, you create value and you pay taxes.”
MAMDANI’S WALL STREET COURTSHIP SPARKS CRITICISM OF ANTI-BILLIONAIRE AGENDA
Griffin’s remarks mark the latest chapter in an ongoing clash between Wall Street’s billionaire class and Mamdani, whose proposals to raise taxes on wealthy New Yorkers and luxury property owners have drawn fierce criticism from business leaders concerned about the city’s economic competitiveness.
The financial titan, whose net worth is estimated at $48.3 billion according to the Bloomberg Billionaires Index, argued that New York’s corporate leaders should focus on the long-term future of the city rather than short-term political battles.
BILLIONAIRE KEN GRIFFIN SAYS CITADEL’S CHICAGO EXODUS WAS ‘NOT HARD,’ CITES CRIME, TAXES
“Everything should be viewed through the lens of, Citadel will be here far longer than he’ll be mayor,” Griffin said.
The comments come as Griffin and Mamdani appear to be cautiously opening a dialogue after months of public sparring over taxes, wealth and the city’s business climate.
The socialist mayor recently reached out to Griffin after previously criticizing the billionaire hedge fund manager over his Manhattan penthouse and personal wealth. Mamdani notably stood outside Griffin’s luxury property to promote his proposal to raise taxes on second homes in New York City worth more than $5 million.
CHICAGO KNOWS WHAT HAPPENS WHEN KEN GRIFFIN TURNS ON A CITY, NOW MAMDANI MAY FIND OUT
The outreach comes as some business leaders warn New York risks alienating major employers and investors — a concern Griffin has raised before in another major American city.
The tensions have fueled concerns among some business leaders that New York could follow a path similar to Chicago, where Griffin spent years criticizing crime, taxes and public policy before moving Citadel’s headquarters to Miami in 2022. The relocation marked the departure of one of the financial industry’s most influential firms and underscored the economic impact that can follow when a major corporate player leaves a major city.
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Griffin has repeatedly pointed to Florida’s business climate as a model and warned that policies targeting high earners and businesses could make New York less competitive.
Griffin said he plans to talk to Mamdani “at some point in the months ahead.”
“Let’s see where he is on the state of policy at that time,” he said. “Actions speak louder than words.”

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Business

Suit Says Toyota Charity Took Plans for EV to Aid Farmers

A nonprofit is taking Toyota to federal court over an electric vehicle that tops out around 15 mph. A lawsuit filed in California by Mobility for Africa accuses the Toyota Mobility Foundation—a Toyota-backed charity—of taking its three-wheeled EV concept, business model, and know-how and passing them to a for-profit startup in Kenya, Songa Mobility. The Zimbabwe-based group says it developed the Hamba, a simple cargo hauler designed for rural farmers, along with a solar charging and battery-swap system and a lease model that lets users pay about $45 a week, the New York Times reports.
Under a 2019 partnership, Toyota Mobility Foundation provided funding and was barred from sharing Mobility for Africa’s intellectual property, according to the suit. Instead, the nonprofit says, the foundation later backed Songa, whose vehicles and program it claims are “virtually identical,” while references to Mobility for Africa vanished from Toyota materials and its funding was cut. The dispute is unfolding as Toyota faces pressure from environmental groups over its broader climate record and pace on electric vehicles. The foundation said it is aware of the matter and is investigating; Toyota and Exa Innovation Studio, linked to Songa, have not yet formally responded in court.
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establish importance of Apple’s design team when he takes over as CEO: report

Bloomberg’s Mark Gurman today posted the latest edition of his Power On newsletter, recapping the last ten years of Apple’s corporate structure in which the influence of the design team waned at the executive levels in the Cook era, fuelled by Jony Ive’s exit and talent departures as finance and operations had an increasingly larger say over product direction.
However, Gurman believes that incoming CEO John Ternus may be about to reset that relationship, and reaffirm the importance of the design group for the company’s future.
After Ive left the company, oversight of the design team fell to ex-COO Jeff Williams. This was already a major shakeup from the prior regime where Ive’s industrial design group dictated the product roadmap of the company from the top-down.
This arrangement was highlighted all the way back in 2011, in Steve Jobs’ biography by Walter Isaacson. Jobs is quoted as saying that Ive has more operational power than anyone at Apple apart from himself, because ‘the way I set it up’.
Fast forward to present day and that cannot be farther from the current situation, in which many believe the company has demoted design to be less important than its operations division. Apple doesn’t even have a senior design role right now, and only recently added Molly Anderson and Steve Lemay’s profiles to the leadership page.
Incoming CEO John Ternus, who is presumably going to be more involved in product in general than Cook was, is apparently looking to restore some of the design’s team’s authority. Gurman says that Ternus has already spent a considerable amount of his time with the industrial design group, as he prepares for his succession to begin on September 1.
Ternus is quoted by Gurman as having said that the ‘the most beautifully designed thing that most customers own is an Apple product. We’re going to make sure that stays the case’.

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She saved $24,000 to launch a craft festival in an old Joann store

An old Joann fabric and craft store is getting new life, if only for a weekend: Hundreds of Southern Californians are expected to visit in search of new art, clothes, decor and an afternoon of communal crafting.
That’s the mission behind Lauren Tetef’s Open House Creative Fest, which will run June 27 and 28 from the old Joann location at the Del Amo Fashion Center mall in Torrance, California.
The event is part artisan market, part workshop series where guests can learn new skills directly from the makers behind what they’re buying.
“As an attendee, you get a little taste of what somebody does,” says Tetef, 40, a long-time events producer. “You get to sit down and metaphorically break bread with them, have a conversation with them, get to know them. And by doing that, you’re so much more invested in their business.”
A weekend of shopping and crafting
Admission to the Open House Creative Fest event is free to walk around and shop from roughly 25 vendors, each of whom will also host their own crafting workshops. The creatively inclined can purchase an activity passport, starting at $40, which will give them access to do each booth’s activity.
For example, a participating florist plans to host sessions where she’ll guide visitors on arranging dried flowers onto a greeting card for people to keep; another vendor who sells clothes plans to show people how to make a keychain by upcycling old selvage material.
The activity passport will also give shoppers free range at the event’s “activity garden” with tables full of fabric, paper, paints and other art supplies to create their own projects.
“This is my dream come true,” says Tetef, who attended the Fashion Institute of Design and Merchandising (FIDM) in Los Angeles and was inspired by the campus’s free materials library. “I just want to go to a thing where everyone’s sitting down making stuff.”
Saving roughly $24,000 after a layoff
Much like the temporarily revived Joann space, Tetef’s creative fest is a kind of comeback.
In March 2025, Tetef started a corporate marketing job but says the import-heavy business was impacted by the Trump administration’s new tariff policy; Tetef says she was laid off just six months later in August. Despite the unexpected turn of events, she says, “it was a good opportunity for me to figure something out: What do I do next?”
She started brainstorming Open House Creative Fest and sees it as an amalgamation of everything she’s done in her career.
Tetef had previously worked as a director of events and produced dozens of meet-ups, from large-scale pop-up markets to intimate influencer events. About two years ago, she also started her own business, Flourish Locally, which hosts networking events for small businesses and creative workshops like charm-making sessions.
Tetef says she and her family lived off her severance check and her husband’s income. She took on events clients through her own business and put aside all of her earnings to go toward the creative fest, saving roughly $24,000 in just a few months.
‘It was such a special place to all of us’
When Tetef was scouting for a location, she says a leasing agent at the Del Amo Fashion Center pitched her the old Joann fabric and crafts store space.
In February 2025, the company announced it would close all of its nearly 800 of the fabric and craft stores after it failed to find a buyer to stay in business.
Tetef paid $3,000 in rent, plus a $1,000 security deposit, to rent the Torrance mall space for a month, and got the keys on June 1. Tetef says she’s spent an additional few thousand dollars on expenses like a cleaning crew, a construction crew to work on some of the store fixtures, decor and rugs, vinyl to wrap the store front, a photographer, supplies for the activity garden and more.
The event has seen nearly 500 RSVPs across Eventbrite and Partiful and 70 pre-sale passport purchases, Tetef says, and she’s hopeful weekend foot traffic to the mall could entice other visitors.
The significance that Tetef’s event is posting up in an old Joann store isn’t lost on her.
“It was such a special place to all of us,” Tetef says, “where you would just get your shopping cart and you would wander the aisles and something would spark your imagination,” she says. “If [people] were in a creative roadblock, they could come here and find a solve for it. Everybody has been touched by this space.”
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F.A.A. Investigates Near Miss Between Planes at Boston’s Logan Airport

The Federal Aviation Administration said that it was investigating a near miss between two planes at Boston Logan International Airport that happened on Saturday morning.
The episode happened at about 11:30 a.m., when Delta Air Lines Flight 2351 performed a go-around to avoid another plane that was taking off from an intersecting runway, the F.A.A. said in statement. The agency did not identify the other plane involved.
A go-around is a standard maneuver in which a plane aborts a landing, repositions and tries again. The F.A.A. said information around the episode was preliminary.
Data from Flightradar24, a flight-tracking website, showed that the Delta flight, arriving from Dallas, aborted its approach for landing as American Airlines Flight 3161, bound for Charlotte, N.C., approached from an intersecting runway.
The two planes were a few hundred feet apart, the tracking data showed. The Delta plane landed around 10 minutes later, according to the tracking data.
Delta said the flight crew received an advisory from an onboard system warning of potential traffic while the plane was descending and coordinated with air traffic control to perform the go-around. The plane landed safely and the passengers deplaned normally, according to a spokesperson for the airline.
The plane, an Airbus A319, was carrying 129 passengers and six crew members, the spokesperson said.
American Airlines did not immediately respond to a request for comment.
This was the latest in a string of near misses at U.S. airports in recent months. In April, an American Airlines regional jet flew dangerously close to an Air Canada regional jet after aborting its landing at Kennedy International Airport, according to the F.A.A.
The same month, the agency also investigated a close call between two Southwest Airlines jets at Nashville International Airport, in which an air traffic controller inadvertently directed an incoming plane into the path of a departing aircraft. The planes came within about 500 vertical feet of each other as the pilots reacted to onboard collision alerts, according to Flightradar24 and the F.A.A.

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Gazebo collapse at Hard Rock injures 5

HOLLYWOOD, Fla. — A gazebo collapse at the Seminole Hard Rock Hotel & Casino Hollywood injured five people on Saturday evening, officials said.
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It happened at around 7 p.m. near the pool at the DAER Dayclub.
Bystanders quickly responded and medics transported the injured to Memorial Regional Hospital with non-life-threatening injuries.
The collapse was believed to have been weather-related; strong winds and rain were moving through the area at the time.
All five victims are expected to recover.
A spokesperson for the Seminole Police Department said in part that the “safety and security of our guests and team members are our highest priorities” and that the club “was closed immediately to ensure the safety and security of all attendees.”
Editor’s note: The original version of the article misstated the time of the collapse as 7 a.m. instead of 7 p.m. It has been corrected.
Copyright 2026 by WPLG Local10.com – All rights reserved.

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