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Lemkau told BI why you shouldn't skimp on sleep or be overly obsessed with your job. As CEO of JPMorgan Wealth Management, Lemkau runs a unit with $1 trillion in client assets and nearly 10,000 employees. She disagrees with Wall Street's "work until you drop" culture that encourages skimping on sleep to get the job done. Lemkau got used to sleeping less in order to balance her career at JPMorgan and raising two children. Lemkau chose sleep and unplugging from technology, aiming for eight hours of sleep a night and not using her phone before bed.
Persons: JPMorgan's Kristin Lemkau, Lemkau, , Kristin Lemkau, Wall, Arianna Huffington, shortchanging, Stephen Squeri, Goldman Sachs, Brian Robinson Organizations: Service, JPMorgan, JPMorgan Wealth Management, Huffington, American Express Locations: Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the Rolls-Royce Private Office in New York CityCNBC's Robert Frank goes behind-the-scenes for an exclusive look inside the new Rolls-Royce Private Office, a secret design studio in downtown Manhattan, accessible only to VIP Rolls-Royce clients.
Persons: Robert Frank Organizations: Royce Locations: New York City, Manhattan
Supreme Court rejects Martin Shkreli fine appeal
  + stars: | 2024-10-07 | by ( Dan Mangan | ) www.cnbc.com   time to read: +3 min
The Supreme Court in rejecting that request did not explain its reason for doing so. Shkreli's request that the Supreme Court take his appeal of federal court decision was his last chance to overturn the penalty related to the drug Daraprim . People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. Shkreli in June asked the Supreme Court to hear his appeal of that ruling, but only as it applied to the financial penalty. The attorney said that the Supreme Court should hear Shkreli's appeal to resolve the so-called circuit split on the question of a defendant's financial liability.
Persons: Martin Shkreli, Benjamin Brafman, Shkreli, pharma bro, Shkreli's Organizations: U.S, CNBC, Federal Trade Commission, pharma, Supreme, Vyera Pharmaceuticals, FTC, Circuit, Appeals Locations: Brooklyn, New York City, U.S, Washington ,, Manhattan, Shkreli, disgorgement
watch nowRolls-Royce has opened its first U.S. "Private Office," a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. While Rolls-Royce customers have been customizing their rides for decades, the Private Office brings the concept of a personalized Rolls to a whole new level. Courtesy: Rolls-RoyceThe New York Private Office is the company's third worldwide, following Dubai, United Arab Emirates, which opened in 2022, and Shanghai in 2023. Since Koa wood is protected in Hawaii, only dead or naturally fallen Koa trees can be harvested. Interior of the custom Rolls-Royce Koa Phantom.
Persons: Royce, Chris Brownridge, Brownridge Organizations: Royce, Ferrari, BMW, Office, CNBC, Private Office, Royce The New York Private, United Arab Emirates Locations: Meatpacking, British, Dubai, United Arab, Shanghai, Seoul, Korea, Goodwood, U.K, Hawaii
Create your free profile or log in to save this articleCreate your free profile or log in to save this articleMadonna's brother Christopher Ciccone, an artist and interior designer, died Friday at 63 after a battle with late-stage cancer. Discovering Dance in our small Midwestern town saved me and then my brother came along, and it saved him too." Madonna poses with her brother Christopher Ciccone, left, and director Alek Keskishian following the premiere showing of her film "Truth or Dare" in Los Angeles in 1991. Madonna wrote, adding that she admired him for his "impeccable taste" and "sharp tongue." In 2008, Ciccone published a memoir, "Life With My Sister Madonna," that caused a rift between the siblings amid an already deteriorating relationship.
Persons: Christopher Ciccone, Ciccone, Madonna, Alek Keskishian, Julie Markes, I’m, he’s Organizations: Roman Catholic Church, The Police Locations: New York City, Los Angeles, New York, Miami, Manhattan
With AI reshaping daily operations of a real estate agent's business by automating tasks — from generating property listings to conducting neighborhood analyses — the agent's focus in day-to-day activities will shift. Serhant says AI won't virtualize relationships, but for the real estate agents who embrace the AI revolution — which he says is a necessary move to make — it will strengthen their relationships. The real estate industry is still in the initial stages of adopting AI and understanding remains low among real estate professionals, but the interest is there. But the survey also finds that real estate professionals have very low understanding of AI compared to other technologies. The FBI reported a big year-over-year increase in wire fraud cybercrime losses in 2023, driven significantly by real estate transactions.
Persons: Ryan Serhant, Serhant Organizations: CNBC, JLL Technologies, Estate Technology Survey, FBI Locations: Manhattan, New York City
Two boys have been arrested and charged in a street attack on David A. Paterson, a former governor of New York, and his stepson, the police said. One boy, who is 12, was charged with second-degree gang assault, and the other, a 13-year-old, was charged with third-degree gang assault, the police said on Saturday night. Both boys, accompanied by their parents, turned themselves in to the police, according to Sean Darcy, a spokesman for Mr. Paterson. A third person, also a minor, went to the police but was not charged in the Friday night attack in Manhattan, according to an internal police report. Mr. Paterson, 70, said at a news conference on Saturday that he was punched in the shoulder and several times in the face, while his stepson Anthony Sliwa, 20, was knocked to the ground and needed stitches to his lower lip.
Persons: David A, Paterson, Sean Darcy, Anthony Sliwa Organizations: Mr Locations: New York, Manhattan
With just weeks left before the November election, former President Donald Trump has taken to promoting items and businesses that are not at all connected to his presidential campaign. “You’re going to love them,” Trump wrote on his Truth Social platform last week of his new line of branded watches, which cost anywhere from $499 to $100,000. “Would make a great Christmas gift.”While running for president this cycle, Trump has also promoted a sneaker brand, boots and even Bibles — all of which are business and not campaign ventures. Do I think that a single Trump voter in America is not voting for him because of any of this? Selling watches in Manhattan.”“He wants to do everything and anything and throw everything against the wall,” the Trump ally said.
Persons: Donald Trump, “ You’re, ” Trump, They’re, , Trump, Jared Polis, “ He’s, , “ I’m, ” Rep, Byron Donalds, “ Donald Trump, “ It’s, Kamala Harris, Melania, Harris, ” Long, , Sen, Marco Rubio, Rubio, he’d, it’s, Organizations: Democratic, NBC News, Trump, , Make, Liberty Financial, Trump University — Locations: Colorado, America, , Philadelphia, Manhattan
David Paterson and his stepson were attacked Friday while on a walk in Manhattan by assailants who had “a previous interaction” with the stepson, a spokesperson for Paterson said. Paterson, 70, and his adult stepson both went to a hospital as precaution after the attack on Second Avenue in East Harlem, according to Paterson's spokesperson, Sean Darcy, and New York City police. "Governor Paterson and his stepson were attacked this evening while taking a walk around the block near their home by some individuals that had a previous interaction with his stepson,” Darcy said in a statement. Eliot Spitzer and took over as governor in March 2008 after Spitzer resigned mid-term following a prostitution scandal. Police said when officers arrived, Paterson had injuries to his head and another man had injuries to his face.
Persons: David Paterson, Paterson, Sean Darcy, Governor Paterson, ” Darcy, , Eliot Spitzer, Spitzer, Darcy Organizations: New York Gov, New York City police, Gov, Police Locations: Manhattan, East Harlem, New York City
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: how Japan led the world’s high-speed rail revolution, the couple who rode motorcycles round the world with three rescue dogs – plus we put the spotlight on America’s world-class cuisine. America’s greatest dishesFrom Louisiana gumbo to Hawaiian poke to the humble PB&J, the United States is home to many fantastic dishes. Here are CNN Travel’s picks of 20 of the best of them – see if your favorites made it to the table. The Italy-based 50 Top Pizza Awards revealed its 2024 list recently, and the winning restaurant wasn’t in Naples or Rome.
Persons: CNN Travel’s, Jane Satow, that’s, , who’ll, Trevi, , it’s, Hurricane Helene Organizations: CNN, wasn’t, Manhattan’s, Greyhound, Trevi, Tourism Locations: Japan, Louisiana gumbo, United States, Italy, Naples, Rome, Virginia, French, Provence, Europe, Chicago, Australian, Trevi, Alaska
As a New York City resident, I've been hesitant about becoming a Costco member. I finally joined over the summer and decided to compare city and suburb locations. Go to newsletter preferences Thanks for signing up! AdvertisementI now live in New York City and, after joining Costco, assumed I would order products online. Still, I needed to know: Is a New York City Costco the same as the suburban Costco I've visited in the past?
Persons: I've, , Zers, Costco's, Gary Millerchip, Insider's Dominick Reuter, Costco I've Organizations: New, Costco, Service, New York City Costco Locations: New York City, Long, , New York, New Orleans, Manhattan, East Harlem, Westbury, Here's
But most of all, it’s a testimony to the often-malevolent magnetism that has made Trump a historic and enduring political figure. The special counsel alleged that Trump told family members, “It doesn’t matter if you won or lost the election. As well as the federal election case, the ex-president is facing a similar one in Georgia based on racketeering statutes. The former president refused to accept the result of the 2020 election that he lost. Biden made Trump’s threat to democracy the centerpiece of his now-shelved run for president, warning that his predecessor represents an unprecedented threat to America’s soul.
Persons: Donald Trump’s, Jack Smith, Liz Cheney, Kamala Harris, Harris, Cheney, Trump, it’s, ” Cheney, Donald Trump, Dick Cheney —, , , Alyssa Farah Griffin, Cassidy Hutchinson, Sarah Matthews, , Smith, Joe Biden’s, Biden, ” Trump, He’s, Brian Kemp, vilifying Kemp, General Merrick Garland, Harris ’ Organizations: CNN, Democratic, Trump, Capitol, Democrat, GOP, Trump White, Washington, Republican, Republicans, Georgia Gov, Biden’s, , Supreme Locations: Wisconsin, Ripon , Wisconsin, Iraq, Wyoming, In Wisconsin, Montgomery County , Pennsylvania, United States, Georgia, New York, Manhattan, Florida, Washington
Celebrities who partied with Combs may want to consult their lawyers, entertainment attorneys told BI. AdvertisementCelebrities who attended Sean "Diddy" Combs' parties should consider lawyering up, even if they attended one of his more high-profile soirees. "He's had many legitimate parties over the years and, chances are, most celebrities and guests were not aware of his sex parties." AdvertisementThe "Freak Offs," prosecutors say, occurred regularly, often in hotel rooms, and sometimes lasted multiple days. "Sean Combs' white parties and other events were iconic, a true convergence of hip-hop, Hollywood, and Black excellence.
Persons: Sean, Diddy, Combs, , Wayne Dennison, Brown Rudnick, Johnny Depp, Amber Heard, Dennison, Neama Rahmani, they're, Rahmani, Stuart Morton, Camron, Mills Sadat Dowlat, Tre Lovell, Lovell, He's, Marc Agnifilo, Jane Rosenberg, Sean Combs, Johnny Nunez, WireImage, Adria, Jonathan Davis Organizations: Service, Hamptons, West, Trial, Getty, Los, Lovell, Reuters, White Party Locations: Beverly Hills, St, Manhattan, Brooklyn, Los Angeles, Miami
A new US district judge was announced Thursday in the Sean "Diddy" Combs sex-trafficking case. Judge Arun Subramanian is now in charge of Combs' case and a potential third bid for bail. Subramanian is the same Manhattan federal judge overseeing the DOJ's Ticketmaster antitrust action. AdvertisementA new federal judge has been assigned to the Sean "Diddy" Combs sex-trafficking case, and it's the same judge currently overseeing the Department of Justice antitrust case against Ticketmaster. US District Court Judge Andrew L. Carter, Jr., turned Combs down on his second court appearance.
Persons: Sean, Diddy, Combs, Arun Subramanian, Subramanian, , Andrew L, Carter , Jr, Anthony Ricco, Ricco Organizations: Ticketmaster, Service, Department of Justice, US, DOJ Locations: Manhattan, Brooklyn, Miami
Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."
Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, , Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America
Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.
Persons: , Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE
The Chrysler Building, a renowned gem of NYC, is the latest victim of the office apocalypse. AdvertisementThe Chrysler Building, a long-admired gem of New York City's skyline, could be the latest victim of the nationwide office collapse. AdvertisementThe website for RFR Holding, a private real-estate-management company, still features the Chrysler Building. Business Insider could not immediately reach RFR Holding or its attorneys on Thursday. What that means for the iconic Chrysler Building — and the rest of the New York City skyline — remains to be seen.
Persons: Cooper, , John Ruth, RFR, Terrence Oved, Darren Oved, Morgan Stanley Organizations: Chrysler, Cooper Union, RFR, Service, Street Journal, Business, Seagram, Journal, New Locations: York, Lexington, New York, California , Texas , New Jersey, Florida, New York City
That said, everyone seemed to agree that the days of logo-forward purchases and other conspicuous signs of wealth are over — even on Wall Street. The industry's movers and shakers are still into name brands but are leaning into those that exude "quiet luxury." And where there are celebrities and influencers, there tend to be Wall Street dealmakers. It's not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). The HamptonsThe beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan.
Persons: , Ken Griffin, David Solomon, Goldman Sachs, Stephen Schwartzman, Blackstone, Jessica Cadmus, Cadmus, Marie Kondo —, I've, I'd, Zegna, Tom Ford, Claudio Lavenia, Van, Cartier, Jeremy Moeller, Hermes, Gucci, Jeremy Strong, Armani, Max Mara, Celine, Bottega, It's, it's, Sean Zanni, Wall Streeters Organizations: Service, Goldman, JPMorgan, Business, Paris Olympics, Bloomberg, Citadel, Anadolu, Getty, Wall Street, Street, BI, Wall, HBO, Hamptons Locations: Queens, New York, New York City, Africa, Costa Rica, Bottega Veneta, Manhattan, Montauk, Nantucket, Cape Cod, East Hampton , NY, Hudson
New York CNN —Additional charges against New York City Mayor Eric Adams are “possible” and it’s “likely” there will be additional defendants charged as part of the alleged scheme in the federal corruption case, a prosecutor said Wednesday at a court hearing. Federal prosecutor Hagan Scotten said they have evidence that Adams attempted to tamper with a witness in the investigation. The federal prosecutor revealed new information about the investigation, saying it began in the summer of 2021 before Adams became mayor. The additional defendants could be charged in a superseding indictment or in a separate case, Scotten added. Assistant US Attorney Hagen Scotten speaks in Manhattan federal court, as attorney Alex Spiro, center, and New York City Mayor Eric Adams, right, look on Wednesday.
Persons: Eric Adams, it’s, Hagan Scotten, Adams, Scotten, Alex Spiro, Hagen Scotten, Elizabeth Williams, Dale Ho, Spiro, hasn’t, Democratic Sen, Bob Menendez’s, , Organizations: New, New York CNN, New York City, FBI, Democratic, City Hall Locations: New York, Manhattan, New, Israel, China, Qatar, South Korea, Uzbekistan, Turkey, Turkish, New York City
The Reality of AI in Real Estate
  + stars: | 2024-10-02 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Reality of AI in Real EstateWhen it comes to the red-hot real estate market, buyers, sellers, and brokers alike are always looking for an edge for the best place and the best deal. Can AI be a gamechanger? Ryan Serhant, CEO of luxury real estate brokerage and media company SERHANT and reality star of "Owning Manhattan" tells us how he's deploying AI at his firm and how he sees the technology changing the industry.
Persons: Ryan Serhant Locations: Manhattan
Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the same period a year ago, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024. Goldman Sachs last week said it expects Tesla deliveries and production "to come in-line with consensus, largely driven by the strength in the China market." Tesla brand erosionSome customer interest in buying Tesla vehicles has been chilled by the brand's strong association with Musk.
Persons: Elon Musk, Tesla, Elon, FactSet StreetAccount, Wells, Goldman Sachs, tacking, Musk —, , he's, Donald Trump, Musk, Mike DeWine Organizations: Trump, Tesla's, EVs, Warner Bros, Baidu, SpaceX, Associated Press, CNN, NBC News, The New York Times, Twitter, The Washington Post, Springfield Police Division, Ohio Gov, Pew Research Locations: Manhattan , New York, U.S, China, Los Angeles, Springfield , Ohio
LaChanze was in the mood to celebrate. “I am so ready to party,” the actress, wearing a sequined red gown with a bold red lip, said on the red carpet before the second annual Black Theater United gala at the Ziegfeld Ballroom in Midtown Manhattan on Monday night. LaChanze is the president and a founding member of Black Theater United, a nonprofit that aims to combat racism in the theater community. Mr. Mitchell remembered a call at the time with Ms. McDonald, the director Schele Williams and LaChanze. “They just started saying, ‘We’ve got to do something,’” he said.
Persons: LaChanze, , Alicia Keys, Billy Porter, Kristin Chenoweth, Josh Groban —, Audra McDonald, Brian Stokes Mitchell, Phylicia Rashad, George Floyd, Mitchell, McDonald, Schele Williams, ‘ We’ve, ’ ” Organizations: Black Theater, Black Theater United, Broadway Locations: Midtown Manhattan, Minneapolis
Jon-Adrian Velazquez spent close to 27 years caught in the criminal justice system — nearly all of it behind bars in New York's Sing Sing prison, convicted of a murder he insisted he did not commit. Andrew Cuomo granted Velazquez executive clemency, citing his work in Sing Sing on an educational initiative by those incarcerated to combat gun violence, and he was freed after serving almost 24 years of a 25-year-to-life sentence. The results determined Velazquez's DNA was not on the key evidence. Since his release from prison, Velazquez has used his experience to become an advocate for criminal legal reform and even played himself in the 2023 drama "Sing Sing," based on an actual Rehabilitation Through the Arts program at the prison. The podcast "Letters from Sing Sing" was a finalist for a 2024 Pulitzer Prize in audio reporting and Slepian's book about the case, "The Sing Sing Files: One Journalist, Six Innocent Men, and a Twenty-Year Fight for Justice," was released this month.
Persons: Jon, Adrian Velazquez, Velazquez, , Mr, Abraham Clott, Dan Slepian, Velazquez's, NBC's, Andrew Cuomo, JJ, Lester Holt, I've, Adrian, Velasquez, Maria Velazquez Velazquez, Albert Ward, Attorney Alvin Bragg, Bragg, ” Velazquez, Holt, Dan, I’d, didn't Organizations: New York, NBC, New York Gov, NBC News, Attorney, Justice Locations: Manhattan, New, New York City, Sing, Harlem, attorney's, reinvestigations
In a court filing Monday, Eric Adams argues his bribery charge should be dismissed. The NYC mayor says it was legal for him to accept lavish travel accommodations from Turkey. AdvertisementIn a court filing Monday, New York City Mayor Eric Adams asked a federal judge in Manhattan to dismiss the bribery charge against him, arguing that the lavish travel accommodations he accepted from Turkish officials were gifts, not bribes. "The indictment does not allege that Mayor Adams agreed to perform any official act at the time that he received a benefit," Adams' motion argues. The other charges in Adams' indictment allege he knowingly sought and accepted illegal campaign contributions from corporations and foreign nationals.
Persons: Eric Adams, , Adams, Alex Spiro, Spiro Organizations: Service, New York City, New York, Brooklyn Borough, Turkish Consulate, Turkish Locations: Turkey, New York, Manhattan, New York City, Brooklyn, Turkish
Mark Cuban says he's "sure glad" that he wasn't close to rapper Sean "Diddy Combs." Cuban said he only worked with Combs' designers on a set of jerseys for the Dallas Mavericks. AdvertisementBillionaire investor Mark Cuban says he's relieved he kept his distance from rapper Sean "Diddy" Combs. The "Shark Tank" star added that while he had met and worked with Combs before, he didn't interact with Combs outside work. Cuban and representatives for Combs didn't immediately respond to requests for comment sent outside regular business hours.
Persons: Mark Cuban, Sean, Diddy Combs, Combs, Cuban, , he's, Diddy, Theo Von, Combs didn't, Demi Moore, Ashton Kutcher, Evan Nierman, Banyan, Callie Ahlgrim, Jacob Shamsian, Sam Bankman Organizations: Dallas Mavericks, Service, NBA, Metropolitan Detention, MDC, Business Locations: Manhattan, Cuban, York, Florida, New York's
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