Screengrab / Institutional Investor video
Ken Griffin, founder and CEO of hedge fund giant Citadel, told Institutional Investor in a video interview that his firm's massive losses during the financial crisis were "incredibly humiliating" and caused by an over-leveraged balance sheet:
Don't act like a bank, unless you are a bank. That was a really big lesson learned from 2008.
Illustration: Sarah Grillo/Axios
Photo: Anwar Amro/AFP via Getty Images
A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and injuring scores of people.
Driving the news: Lebanon's health minister said in televised remarks that more than 50 people have been killed and over 3,000 injured. Prime Minister Hassan Diab said the explosions occurred at a warehouse that had been storing 2,750 tons of ammonium nitrate for the past six years, per NBC.
An outdoor ad for Disney's "Mulan" in Hollywood, California. Photo: Rich Fury/Getty Images
Disney announced Tuesday that its most highly-anticipated blockbuster of the year, the live-action remake of "Mulan," is heading to Disney+ on Sept. 4 for consumers to purchase for a premium access fee of $29.99. The movie's theatrical debut had previously been delayed four times.
Why it matters: It's a huge blow to movie exhibitors across the country that were relying on the Disney hit to come exclusively to theaters for at least a few months before being made available to consumers at home via streaming.