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CNN —Russian President Vladimir Putin presided over a pared-back Victory Day parade Thursday, showcasing his country’s unity and resolve to continue the war on Ukraine. But since Russia launched its full-scale invasion of Ukraine, the massive military parade has been somewhat downsized. “The fate of the motherland, its future depends on each of us … We celebrate Victory Day in the context of the special military operation. All of Russia is with you!”But this year’s Victory Day is also happening against the background of a bribery scandal roiling Russia’s Ministry of Defense. Under Putin, Victory Day has assumed greater importance in national life.
Persons: Vladimir Putin, Putin, Putin —, , , Timur Ivanov, Mikhail Klimentyev, Alexander Nemenov, Ivanov, Sergei Shoigu, Shoigu’s protégé, , Alexey Navalny, Stanislav Krasilnikov, Maria Pevchikh, that’s Organizations: CNN, Nazi, , Ministry of Defense, Defence, Sputnik, Getty, Financial, Corruption Foundation, AP, ACF, Prestige, Locations: Ukraine, Russia, Nazi Germany, Russian, It’s, AFP, Mariupol, Putin’s Russia, Sochi, Moscow
"There's a real war for talent within family offices," said William Sinclair, U.S. head of J.P. Morgan Private Bank's Family Office Practice. According to the report, which surveyed 190 family offices with average assets of $1.4 billion, family offices that manage less than $500 million spend an average of $1.5 million a year for operating costs. Family offices between $500 million and $1 billion spend an average of $2.7 million, and those above $1 billion average $6.1 million. The biggest cost is staffing, which has become more expensive as family offices have tripled in number over the past five years. "If you look back 15 years ago, family offices were where people went to retire and have work-life balance," he said.
Persons: Robert Frank, William Sinclair, Morgan, We've, Trish Botoff, Botoff, Carlyle, Paul Westall, Westall, that's Organizations: Morgan Private Bank Global, Botoff Consulting, KKR, Blackstone, Agreus Locations: U.S
CNN —A Palestinian writer who has been in an Israeli prison for 20 years has won a prestigious prize for Arabic fiction for his novel “A Mask, the Color of the Sky.”Basim Khandaqji won the prize on Sunday for his book, and was awarded $50,000 and funding for an English translation. The novel, published by Lebanon’s Dar Al-Adab, “dissects a complex, bitter reality of family fragmentation, displacement, genocide, and racism,” said Nabil Suleiman, a Syrian writer who chaired the 2024 prize. A Mask, the Colour of the Sky (2023) by Palestinian novelist, Basim Khandaqji, winner of the 2024 International Prize for Arabic Fiction. Khandaqji began to write “A Mask, the Color of the Sky” in 2021. During his time in prison, Khandaqji has written poetry collections, as well as three earlier novels, according to IPAF.
Persons: Basim Khandaqji, Nur, , Abu, Lebanon’s Dar, , Nabil Suleiman, Suleiman, Yousef Khandaqji, Bahr, ” “, Khandaqji Organizations: CNN Locations: Ramallah, Abu Dhabi, Syrian, Palestinian, Nablus, Khandaqji, Tel, UAE, Abu, Bab
CNN —Judge Juan Merchan handed down his first punishment to Donald Trump for violating the judge’s gag order in the New York hush money trial Tuesday, fining Trump $9,000 for nine violations. Instead, Davidson negotiated a $130,000 hush money deal with Cohen on Daniels’ behalf, and she did not speak out publicly before the 2016 election. In his order, the judge warned Trump that he could be imprisoned if he continues to willfully violate the gag order. “All you have to do is talk to that a**hole Cohen,” Davidson recalled. His son, Eric Trump, attended the trial – the first family member of the former president to appear during the trial.
Persons: Juan Merchan, Donald Trump, fining, Daniels, Karen McDougal, Keith Davidson, Trump’s, Michael Cohen, Davidson, Cohen, Trump, , Merchan, David Pecker, , ” Merchan, Stormy’s, McDougal, , Dylan Howard –, Gina Rodriguez, “ It’s, ” Davidson, Rodriguez, Peggy Peterson, David Dennison, Joshua Steinglass, Dennison, ” Steinglass, ” Cohen, Gary Farro, Daniels ’, Farro, ” Trump, “ Michael Cohen, He’s, Judge Merchan didn't, Jean Carroll, Prosecutors, Melania Trump, Eric Trump, Susie Wiles, Ken Paxton, David McIntosh, Barron’s Organizations: CNN, fining Trump, Trump, AMI, Prosecutors, American Media Inc, Daniels . Records, Bank, Twitter, Club for Growth, Mar Locations: New York, LA, Texas
The family offices covered by the survey had 26% of their assets invested in publicly traded stocks. The study surveyed 190 single family offices around the world, with an average of $1.4 billion in assets. In the U.S., only 49% of family offices have a long-term target return for their portfolio. Still, family offices use various benchmarks for their investment portfolios, with more than three-quarters of those surveyed using some benchmark to evaluate performance. Increasingly, family offices are looking to outsource more functions to reduce costs, especially among smaller family offices of under $500 million.
Persons: William Sinclair, Sinclair, cybersecurity, Robert Frank Organizations: JPMorgan Private Bank Global, Family, JPMorgan Private Bank, JPMorgan Locations: U.S
Rich families across the globe are concerned about how to prepare their children to manage their wealth, but few are doing anything about it. According to a survey by JPMorgan, 69% of ultra-wealthy families cite succession planning as a top priority. That said, she attributed some of the reluctance to many of these family offices being formed within the past 10 or even five years. "Conversations about wealth can be challenging and, in our experience, families often have found it difficult to get started," she told Business Insider. Only 15% of family offices with at least $1 billion in assets kept heirs unaware compared with 27% for firms with $50 million to $500 million.
Persons: Rich, Elisa Shevlin Rizzo, Goldman Sachs, Ackah, Edward Jones Organizations: JPMorgan, Business, Forbes, UBS
I'd often do the weekly grocery shopping at a 24-hour supermarket on Fridays at midnight after the kids and their father fell asleep. Even though we may have saved money shopping at Costco — and most Costco shoppers have kids — going there felt out of the question in those early days of parenthood. Related storiesSo, as empty nesters, we figured we'd try Costco — and we fell in love. We store some bulk Costco buys at the bottom of our pantry. And I don't regret not going to Costco when our kids were small.
Persons: , I'd, Costco's, Beth Harpaz, It's, we've Organizations: Service, Business, Costco Locations: New York City
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My husband and I are raising a blended family with three boys — 8, 13, and 15 — who each go to a different school with slightly different start times. Once the boys are off, my husband leaves for work, and I get started on my to-dos from the home office. The couple being cringe-y, as their youngest says, on a trip to New York City last fall without the kids. Sara LyleWe weren't together, pre-kidsMy husband and I were never a couple before having kids; we were with other partners.
Persons: , we've, Sara Lyle, It's Organizations: Service, Business, American Psychological Association, APA, New York City Locations: Colorado Springs, Caribbean, Denver, New York, Florida, New Orleans, New York City, France, Singapore, Southeast Asia
The property, situated in Brentwood, was designed by Craig Ellwood and is known as the "Zimmerman House." Craig Ellwood, Zimmerman House (Los Angeles, Calif.), 1953. The Zimmerman HouseLiving room of the Zimmerman House designed by Craig Ellwood (Los Angeles, Calif.), 1953. Getty Research Institute, Los Angeles (2004.R.10)The Zimmerman House was a 2,770-square-foot home named after its first owners, Martin and Eva Zimmerman. The Eichler Network, a website focusing on midcentury modern homes in California, has shared photos of what appears to be the leveled Zimmerman House.
Persons: , Chris Pratt, Katherine Schwarzenegger, Craig Ellwood, Zimmerman, Pratt, Schwarzenegger, Robb, Ellwood's, Erin Ellwood, that's, Julius Schulman, J, Paul Getty, Maria Shriver, Ken Ungar, Ellwood, Martin, Eva Zimmerman, Garrett Eckbo, could've Organizations: Service, Business, Los Angeles Times, Paul Getty Trust, Getty Research Institute, Los, Hollywood, Eichler Network Locations: Los Angeles, Brentwood, Calif, California
The Gaza Civil Defense acknowledged that around 100 bodies were buried in graves at the Nasser hospital before the IDF operation there. Al Mighayyer said at the news conference that the Palestinian Gaza Civil Defense in Gaza “discovered torture marks on [some] bodies.” CNN cannot independently verify these claims. Shoshani wrote in the post: “Misinformation is circulating regarding a mass grave that was discovered at Nasser Hospital in Khan Yunis. The Palestinian Civil Defense in Gaza called on the United Nations to form an international committee to investigate the mass graves at the Nasser complex. Amnesty International has also called for an investigation into the mass graves at the two Gaza hospitals.
Persons: Khan Younis, Mohammed Al Mighayyer, Nasser, Al Mighayyer, Civil Defense “, , He’s, , Gaza “, Nadav Shoshani, Shoshani, Gazans —, Gazans, Israel, Stephane Dujarric, General Organizations: CNN, Authorities, Palestinian Civil Defense, Nasser, Israel Defense Forces, Gaza Civil Defense, Civil Defense, Getty, Palestinian Gaza Civil Defense, Israel’s Defense Forces, IDF, Nasser Hospital, Israel, United, UN, , Amnesty Locations: Gaza, Khan, Rafah, AFP, Palestinian, Khan Yunis, Israel, United Nations, New York, Nasser
CNN —The United Nations has called for an “independent, effective and transparent investigation” into the discovery of mass graves at two Gaza hospitals that were besieged and raided by Israeli troops this year. A mass grave with 324 bodies was uncovered this week at the Nasser Medical Complex in the southern Gaza city of Khan Younis by Gaza Civil Defense workers following the withdrawal of Israeli forces from the area. When they returned this month after the Israeli military withdrew, they discovered the bodies had been dug up and placed in at least one collective grave, the stringer said. CNN reached out to the Israeli military on Wednesday for comment regarding Türk’s remarks, to which it said it had nothing more to add beyond previous comments. The US State Department on Tuesday expressed concern over the discovery of mass graves.
Persons: Volker Türk, , Nasser, Al, ” Türk, Khan Younis, Yamen Abu Suleiman, Khan, Raed Saqr, It’s, Mahmoud Basal, Vedant Patel, ” “ I’m Organizations: CNN, United Nations, UN, Human, , Nasser, Gaza Civil, Civil Defense, Nasser Hospital, Getty, Hamas, US State Department, , Government Locations: Gaza, Khan, AFP, Nasser, Israel, Al
These caregivers can help children connect with the family's native tongue. "I definitely recommend it to families to help their children with their linguistic tools and global appreciation." Advertisement"We intentionally picked a Filipino caregiver who spoke Tagalog for live-in help because of how nurturing and outgoing the community is," Bhalla Mistry told BI. "Children who grow up multilingual often develop better communication skills and can switch between languages more easily," Bhalla Mistry said. Multilingual nannies can help children connect with their native tonguesMaria Olsson-Tysor of Orange County, California, hails from Sweden and only speaks Swedish to her children, while her husband speaks to them in English.
Persons: , Candi Vajana, Vajana, nannies, multilingualism, Jayna Patel, Patel, Natasha Bhalla Mistry, Bhalla Mistry, Bhalla, Maria Olsson, " Olsson, Tysor, Olsson Organizations: Service, Business, Montessori Locations: Miami, Singapore, London, COVID, Switzerland, Orange County , California, Sweden
"While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club," said Kevin Teng, CEO of WRISE Wealth Management Singapore, a wealth enterprise for ultra-high net worth individuals. Family offices as investment vehiclesIndividuals of such wealth generally have their money managed by single family offices, which handle everything including their inheritance, household bills, credit cards, immediate family expenses, etc., said Andrew Amoils, an analyst at global wealth intelligence firm New World Wealth. "These family offices often have foundation arms for charities and venture capital arms that invest in high growth startups," said Amoils. The number of family offices in the world has tripled since 2019, topping 4,500 worldwide last year with an estimated $6 trillion in assets under management combined. Ultra high net worth individuals also explore potentially buying stakes in professional sports teams, said Dandrew's Buscemi.
Persons: Yana Iskayeva, Kevin Teng, Salvatore Buscemi, Teng, Buscemi, Michael Sonnenfeldt, , Andrew Amoils, Dandrew's Buscemi, Jerry Jones, Jayne Kamin Organizations: WRISE Wealth Management Singapore, Bay Area, NFL, Dandrew, CNBC, Dandrew Partners, Tiger, Dallas Cowboys, Getty Locations: centimillionaires, New York City, Bay, Los Angeles, London, Beijing, WRISE, United States, Oxnard , California
When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: "It's a family office for your health." Rather than simply offering on-call doctors and faster visits, Private Medical has pioneered a highly personalized, all-in-one service that's more akin to the most sophisticated family offices for investments. Like family offices, Private Medical has an in-house team to manage a family's entire health portfolio – from fitness and dietary tracking to longevity research, surgeries and medical emergencies. Private Medical doesn't advertise and gets most of its business through referrals. Shlain declined to give specifics on price, but clients of Private Medical say it charges $40,000 a year for each adult patient and $25,000 per patient under the age of 18.
Persons: Robert Frank, Jordan Shlain, Shlain Organizations: Private, Private Medical, California —, Research Locations: California, California — San Francisco, Silicon Valley, Santa Monica, Beverly Hills —, York, Miami
My dad still remembers the anxiety that engulfed the island when the United States cut off diplomatic recognition of Taiwan in favor of the People’s Republic of China in 1979. My parents considered America a safe haven and wanted me to grow up with all its comforts. Of course, comparing the United States and Taiwan this way without acknowledging the nuanced socio-political contexts can be misleading. Clarissa WeiThe biggest shift, then, has been how the people of Taiwan perceive the United States. The United States, on the flip side, is the 131st.
Persons: Clarissa Wei Editor’s, Clarissa Wei, , , Annabelle Chih, there’s, Tyrone Siu, Donald Trump, Joe Biden, “ Wei, Ting Yen, I’m, nodded, Billy H.C, Kwok, It’s, Republican —, Xi Jinping, “ Trump Organizations: Taipei CNN, CNN, America, Metro, Trump, Taiwan, Franklin & Marshall College, 131st, San Francisco Bay Area, China’s Communist Party, Republican Locations: Taiwanese American, Taipei, Taiwan, China, United States, People’s Republic of China, America, Los Angeles, Taiwanese, Kaohsiung, San Francisco Bay
Many Israelis were in a somber mood on Monday as they prepared to usher in Passover, the Jewish festival of freedom, saying they would mark the holiday rather than celebrate it, with more than 130 hostages remaining in Gaza. The number of hostages believed to be alive is unclear, and with negotiations with Hamas captors at an impasse, there is little prospect of their imminent release. Israelis are still jittery after an exchange of fire with Iran this month, the first time Tehran had directly attacked Israel from Iranian territory. More than 250 Israeli soldiers have been killed in Gaza since the start of Israel’s ground invasion in late October, the military says. More than 34,000 Palestinians have been killed in the war, according to Gaza health officials.
Locations: Gaza, Egypt, Iran, Tehran, Israel
CNN —A mass grave with nearly 300 bodies has been uncovered at a hospital in the southern Gaza city of Khan Younis, Gaza Civil Defense workers said Monday, following the withdrawal of Israeli forces from the area earlier this month. Most of the bodies are decomposed.”CNN is unable to verify Suleiman’s claims and cannot confirm the causes of death among the bodies being unearthed. Previously, a Khan Younis Civil Defense spokesman and head of the search mission, Raed Saqr, told CNN that they are searching for the bodies of another 400 missing people after the Israeli military left on April 7. One man at the scene told CNN that he was yet to find the body of his 21-year old son, who was killed in January. At the time, CNN reported on the burial of bodies in the hospital grounds because of a lack of safe access to cemeteries.
Persons: Khan Younis, Yamen Abu Suleiman, ” Suleiman, Khan, Raed Saqr, , , haven’t, Alaa, ” Saqr Organizations: CNN, Gaza Civil Defense, Civil Defense, Nasser, Israel Defense Forces, CNN Sunday, Civil Defence Locations: Gaza, Khan, Israel
AdvertisementDonald Trump enters his first criminal trial every day flanked by lawyers, court officers, Secret Service members, and political advisors. AdvertisementFormer President Donald Trump speaks alongside his wife, former first lady Melania Trump, during a rare joint appearance as they arrived to vote in Florida's primary election. Bederow explained that Melania Trump's courtroom support could be "potentially very powerful" given the salacious nature of the hush-money case against Trump. Danilewitz said Trump's defense team may have a different strategy in mind when it comes to Melania Trump. If Trump's family does decide to show up Monday, they might want to wear sweaters.
Persons: Donald Trump's, , Donald Trump, Melania Trump, Giorgio Viera, Mark Bederow, Bederow, Melania, I'm, Trump, Stormy Daniels, Daniels, Jill Huntley Taylor, Huntley Taylor, they're, he's, Julia Vitullo, Martin, Trump's, it's, Sam Bankman, Fried, Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg Melania Trump, Jean Carroll, Carroll, Justin Danilewitz, Brendan McDermid, Arthur Aidala, Rudy Giuliani, Harvey Weinstein, It's, That's, Aidala, Danilewitz, Todd Blanche, Susan Necheles, Emil Bove, Gedalia Stern —, Steven Cheung, Jason Miller, Margo Martin, Natalie Harp, Clifford Robert, Donald Trump ., Ivanka Trump, Eric Trump, Donald Trump Jr, Donald Jr Organizations: Service, Secret Service, Getty, Trump, Prosecutors, Vera Institute of Justice, REUTERS, AP, Former Brooklyn, New, Trump Organization, Melania Trump, New York Times Locations: Manhattan, New York
The day my child said that to me three years ago is the day my life as a parent changed. In the months preceding that day, Remy had shared they thought maybe they were bi-sexual or lesbian. My role as a parent changed when Remy came out as nonbinaryMy child was always original. JoAnn Chang's child Remy came out as nonbinary three years ago. Before Remy came out as nonbinary, I wouldn't have given these concerns a second thought.
Persons: Remy, I've, I'm, JoAnn Chang's, JoAnn Chang, we've, We've, Florida's Organizations: Florida Department Locations: Florida
CNN —When Margaret Bensfield Sullivan envisioned the type of family who might jet off for a year to explore the world together, she had a very specific image in her head. According to Sullivan, she and her husband had never traveled with their kids before their big trip. “We loved to travel as a couple,” Sullivan explains, recalling how they visited countries like Thailand, Cambodia, Argentina and Turkey together before starting their family. They won’t remember anything.”However, Sullivan explains that a work trip to Tanzania in 2017 completely changed her perspective. ‘Following the sun’When it came to planning their route, the Sullivan family decided to “follow the sun.” Margaret Bensfield SullivanOnce they’d made up their minds, the couple spent seven or eight months “working out the logistics” and winding their lives in New York down.
Persons: Margaret Bensfield Sullivan, Sullivan, ” Sullivan, Teddy, Willa, James, , , , they’d, “ It’s, they’ve, didn’t, you’re, shouldn’t, Lucia, we’re Organizations: CNN, CNN Travel, Sullivans, Sun Locations: New York, Thailand, Cambodia, Argentina, Turkey, Tanzania, South America, Africa, East, Europe, Asia, Australia, New Zealand, Mongolia, Vietnam, Indonesia, , Mexico, Guatemala, Italy, Greece, Grenada, Barbados, Dominica, St
CNN —Pregnancy complications, such as gestational diabetes or preeclampsia, may be linked to an elevated risk of death even decades after giving birth, according to a new study. The study, published Monday in the journal JAMA Internal Medicine, found that women who experienced major complications during pregnancy had an increased risk of early death and that risk remained elevated for more than 40 years. The data showed that more than 88,000 women had died and all five pregnancy complications were independently associated with a higher mortality risk later in life. Gestational diabetes was associated with a 52% increased risk of mortality, preterm delivery was associated with a 41% increased risk, delivering a baby with low birth weight was associated with a 30% increased risk, preeclampsia with a 13% increased risk and other hypertensive disorders with a 27% increased risk, the data showed. “We found that the increased mortality was attributable to multiple different causes of death, including heart disease, diabetes, respiratory disorders, and cancer,” he said.
Persons: Dr, Casey Crump, ” Crump, , , Ashley Roman, ” Roman, Crump, Joanne Stone, Raquel, Jaime Gilinski, ” Stone, Sanjay Gupta Organizations: CNN, The University of Texas Health Science Center, Lund University, NYU Langone Health, , of Obstetrics, Icahn School of Medicine, CNN Health Locations: UTHealth, Houston, Malmö, Sweden, United States, Mount
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen my husband and I found out we were unexpectedly having a baby, we spent hours making lists of names. Once we settled on his first name, we then made a list of family names for his middle name. But when it came to last names, I told my husband that I was OK following the tradition of kids having only the father's last name. AdvertisementIt was harder to get our kids understand why they now had different names.
Persons: , I'm Organizations: Service, Business Locations: I'm, Argentina
Weinstein Haggai and her three siblings did not participate but watched the recordings of the Zoom gatherings afterward. Three American hostages have been confirmed dead so far: Judi Weinstein Haggai, Gadi Haggai and Itay Chen, all dual Israel-American citizens. I need to make sure that they have a respectful burial; they’re laid to rest,” Weinstein Haggai said. After receiving the devastating news, the Chen family opened up their home for several days for family and friends to stop by. Like Chen, Weinstein Haggai is sickened by the idea of her parents’ bodies being stuck somewhere in Gaza.
Persons: Washington CNN — Iris Weinstein Haggai, Gadi, Judi, Weinstein Haggai, Weinstein, Gadi’s, , peaceniks ”, ” Weinstein Haggai, , ” Andrea Weinstein, Judi’s, ” Weinstein, Judi Weinstein Haggai, Itay Chen, they’re, I’m, , Chen, , Ruby Chen, Kamala Harris, Joe Biden’s, Jake Sullivan, Sullivan, Itay, Harris, ” Chen, ” “, Harris “, Gadi Haggai, haikus –, Andrea Weinstein, Ruby, Hagit Chen, ” Hagit Chen, Jake Tapper, “ That’s, Yom Organizations: Washington CNN, CNN, Biden, US, White Locations: Toronto, Connecticut, Israel, Washington ,, Qatar, Egypt, Gaza
A group of former McDonald's workers reunited at their old restaurant 50 years later. AdvertisementA group of former McDonald's workers went back to their old restaurant in Missouri for a "Class of 1975" reunion to mark nearly 50 years since they worked together. Courtesy of McDonald'sElhoffer was 16 when she started working at the Hazelwood restaurant, she told BI. AdvertisementThey became close friends while working at the restaurant, Elhoffer said, with some of them playing on the restaurant's softball team. AdvertisementCourtesy of McDonald'sThe biggest change since she started working at McDonald's has been the introduction of drive-thrus, Elhoffer said.
Persons: , Joan Elhoffer, Elhoffer, they'd, McDonald's, St Louis . Seven Organizations: Service, Michelin, McDonald's, Hamburger University, St Louis Locations: Missouri, Hazelwood, Arkansas , Florida , Ohio, Tennessee, St, McDonald's
CNN —As the first over-the-counter birth control pill in the United States hits store shelves, the company behind the product, Perrigo, is taking steps to ensure women are aware of this new contraception option. It’s a different formulation than what is in combination hormonal birth control pills, which contain both progestin and estrogen. Combined birth control pills may carry risks for people with uncontrolled hypertension or blood clot risks for smokers older than 35. Most birth control pills are up to 99% effective at preventing pregnancy if taken as instructed. “I’m always a little skeptical of Big Pharma and their partnerships, but I think the general principle of having highly effective over-the-counter birth control be over the counter, that’s empowering” she said.
Persons: “ We’re, Opill, , Colie Edison, “ We’ve, Leila Bahbah, ” Edison, “ we’re, , , , Roe, Wade, prescribers, Joe Biden, Dobbs, Dr, Sanjay Gupta, Colleen Denny, Denny, “ I’m, ” Denny Organizations: CNN, WNBA, , ESPN, US Food and Drug Administration, Jackson, Health Organization, White, Get CNN, CNN Health, NYU Langone Hospital –, Big Pharma Locations: United States, Dobbs v,
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