Global recession is inevitable if Strait of Hormuz stays shut, says Citadel’s Ken Griffin

Key Points

“Let’s assume [the Strait is] shut down for the next six to 12 months — the world’s going to end up in a recession,” said Ken Griffin, CEO of Citadel. “There’s no way to avoid that.”
As a result, the world is going to see a massive shift toward alternative fuel sources, including wind, solar and nuclear, he added.
To be sure, the hedge fund leader thinks the consequences of the war would have been worse if the U.S. delayed any strikes until Iran’s military capabilities had grown.

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Prediction markets will grow to trillion by 2030, Bernstein estimates

Finance

Prediction markets will grow to $1 trillion by 2030, Bernstein estimates

April 14, 2026

Key Points Investment firm Bernstein estimates that by 2030, prediction market volumes will surge to roughly $1 trillion. Dollar volumes on the markets surged in 2024, spurred by the U.S. presidential election, then expanded further in 2025 thanks to sports, crypto and macro/political contracts. While a regulatory battle is brewing, Bernstein thinks it’s unlikely to […]

Finance

David Einhorn signals caution as his hedge fund Greenlight prioritizes capital protection

April 14, 2026

Key Points Greenlight Capital’s David Einhorn warned that investors may be underestimating potential downside risks. “It probably won’t surprise anyone that we are again putting capital preservation at the top of our priorities,” Einhorn said in his latest investor letter. Source

Finance

Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait

April 14, 2026

watch now VIDEO1:5801:58 Treasury Secretary Bessent: Fed should wait and see on rate cuts Squawk on the Street Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious […]