DIRS.INFO The most relevant business & tech news

☆ How Scared Should You Be About Commercial Real Estate?
▼ + stars: | 2023-06-30 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

A new deal has put a $2 billion value on 245 Park Avenue in Manhattan. Photo: Cam Pollack/The Wall Street JournalNothing gets the blood running in the veins of U.S. property investors like interest from Japanese buyers. The legendary prices paid by Japanese buyers of American trophy assets culminated in Mitsubishi Estate taking control of New York’s Rockefeller Center in 1989—just before Japan slumped. It defaulted on its mortgage just six years later.

Persons: Cam Pollack, — Organizations: Mitsubishi Estate, York’s Rockefeller Center Locations: Manhattan, Japan

☆ Christie Lashes Trump, to the Slice of the G.O.P. Open to It
▼ + stars: | 2023-06-22 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

Chris Christie brought his Talking Truth to Donald Trump performance back to New Hampshire on Wednesday evening, aiming a fresh quiver of poison darts at the former president. His talk pleased a small Trump-skeptical crowd, but raised the big question about Mr. Christie’s candidacy: Where are all the other Republican voters? For the most part, Mr. Christie was preaching to the choir. “What in your opinion,” asked one man, “happened to the Republican Party? At the same time, Mr. Christie, who has positioned himself as Mr. Trump’s most direct critic, tops the list of 2024 candidates that Republicans say they will never consider.

Persons: Chris Christie, Donald Trump, Christie’s, Christie, hasn’t, “ I’m, ”, Trump, nudging Organizations: New Hampshire, Trump, Republican, Rockefeller Republican ”, Democrat, Foreign, Republican Party, Mr, Republicans Locations: New, Derry, New Hampshire

☆ Many Asian countries are benefiting from the U.S.-China cold war, says Rockefeller's Ruchir Sharma
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMany Asian countries are benefiting from the U.S.-China cold war, says Rockefeller's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell Overtime' to discuss investment opportunities in India, his earlier calls on China, and how other Asian countries are benefiting from strained U.S.-China relations.

Persons: Rockefeller's Ruchir Sharma Ruchir Sharma Organizations: U.S ., Rockefeller International Locations: U.S, China, India

☆ Opinion | Creating a Path for More Black Economists
▼ + stars: | 2023-06-19 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

“If this is what economics is teaching, who wants to be part of that?”Myers is an interesting person. Myers told me about the economists, both Black and white, who lent a hand to him and others early on. One was his father, Samuel L. Myers, a path breaker who earned a doctorate in economics from Harvard in 1949. “I’m happy and content that I’m unapologetically Black,” he said. He added: “The summer program is producing deep thinkers.”

Persons: “, I’m, ”, ” Myers, Roy Wilkins, Wilkins, Myers, Samuel L, Marcus Alexis, Andrew Brimmer, Clifton Wharton, Phyllis Wallace, Bernard Anderson, Paul Samuelson, Robert Solow, Michael Piore, Richard Eckaus, Duncan Foley, Charles Kindleberger, Kindleberger “, Kindleberger, they’re Organizations: Morgan State University, Harvard, Caucus of Black, Federal, Michigan State University, Rockefeller Foundation, Yale, Wharton School, University of Pennsylvania, M.I.T Locations: Baltimore, Minnesota, American

☆ Lisl Steiner, Colorful Creator of Black-and-White Photographs, Dies at 95
▼ + stars: | 2023-06-18 | by ( Alex Williams | ) www.nytimes.com time to read: 1 min

Lisl Steiner, a flamboyant photojournalist who was celebrated for her intimate, emotive images of history-tilting figures like Fidel Castro, John F. Kennedy and the Rev. Dr. Martin Luther King Jr., as well as luminaries of music, stage and sports, died on June 7 in Mount Kisco, N.Y. She was 95. Her death, at a hospital, was confirmed by her friends Ingrid Rockefeller and Vivian Winther, who had been collaborating with her on a documentary about her life. Shooting for publications including Newsweek, Time, Life and National Geographic, Ms. Steiner was known for her flamboyant attire, her trademark explosion of fiery red hair, her sassy personality and her uncanny knack for connecting with her subjects, whom she jokingly referred to as “victims.”

Persons: Lisl Steiner, Fidel Castro, John F, Kennedy, Martin Luther King Jr, Ingrid Rockefeller, Vivian Winther, Steiner, ” Organizations: Newsweek, Geographic Locations: Mount Kisco

☆ Watch CNBC's full interview with Rockefeller's Cheryl Young and Requisite's Bryn Talkington
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rockefeller's Cheryl Young and Requisite's Bryn TalkingtonCheryl Young, Rockefeller Family Office private wealth advisor, and Bryn Talkington, Requisite Capital Management managing partner, join 'Closing Bell' to discuss their read on the markets and tech playbooks.

Persons: Rockefeller's Cheryl Young, Requisite's Bryn Talkington Cheryl Young, Bryn Talkington Organizations: Rockefeller Family Office, Capital Management

☆ Rockefeller's Cheryl Young expects downside to come for the U.S. dollar
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRockefeller's Cheryl Young expects downside to come for the U.S. dollarCheryl Young, Rockefeller Global Family Office private wealth advisor, joins 'Closing Bell' to discuss her read on the markets and why she's skeptical of the newfound bullishness.

Persons: Rockefeller's Cheryl Young, Cheryl Young Organizations: U.S, Rockefeller, Family

☆ China slashes interest rates and mulls big stimulus package in bid to revive slowing economy
▼ + stars: | 2023-06-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China just slashed short-term interest rates in its economy to 1.9%. Meanwhile, the government is mulling a big stimulus package to prop up key sectors. Short-term interest rates in China were cut to 1.9% from 2% on Tuesday, according to an announcement from the People's Bank of China, marking the first rate cut from China's central bank since August of last year. China's government, meanwhile, is mulling a hefty economic stimulus package, Bloomberg reported, citing people familiar with the matter. That makes the narrative that China will undergo a huge economic rebound is merely a "charade," according to Rockefeller International chair Ruchir Sharma.

Persons: —, Yi Gang, Ruchir Sharma, Desmond Lachman Organizations: Service, People's Bank of, Bloomberg, uts, Rockefeller International, International Monetary Fund Locations: China, People's Bank of China

☆ Fact Check-The UN did not replace its country flags with Pride flags
▼ + stars: | 2023-06-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A photo showing rainbow flags at the Rockefeller Center in New York was miscaptioned online to say it shows the United Nations (U.N.) headquarters. U.N. spokesperson Shirin Yaseen said in an email that the flags of the organization’s member countries were not removed for Pride 2023. The flags at Rockefeller Center are often replaced with thematic flags. According to the Rockefeller Center’s website, the campus is decorated with Pride flags and colours throughout June 2023 in honour of Pride month (here). Photo shows rainbow flags displayed at the Rockefeller Center in New York, not the U.N. headquarters.

Persons: Shirin Yaseen, “, Read Organizations: Rockefeller Center, United Nations, Facebook, Wikimedia Commons, Rockefeller Plaza, Stonewall, Rockefeller, Reuters Locations: New York, New York City

☆ Biden sends firefighters, aid to Canada as wildfire smoke blankets much of the U.S.
▼ + stars: | 2023-06-08 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

A view from the top of the Rockefeller Center, as haze and smoke caused by wildfires in Canada hang over the Manhattan skyline, in New York City, New York, June 7, 2023. WASHINGTON — President Joe Biden on Thursday assured Americans the government was aiding Canada in fighting the wildfires that have cloaked the East Coast and Midwest in unhealthy levels of smoke and haze. In a statement, Trudeau thanked Biden for the aid, adding that the countries must "work together to address the devastating impacts of climate change." There were 437 active wildfires across Canada early Thursday, according to the Canadian Interagency Forest Fire Center. "It's very important that affected communities listen to the guidance of their state and local officials from this point forward," Biden said.

Persons: Joe Biden, Biden, Justin Trudeau, Trudeau, Bill Blair Organizations: Rockefeller Center, WASHINGTON, Canadian, National Interagency Fire Center, Canadian Interagency Forest Fire, Emergency, Major League Baseball, White House Locations: Canada, Manhattan, New York City , New York, Coast, Midwest, U.S, United States, Quebec

☆ New York is choking on smog. But for these cities, it’s just another day
▼ + stars: | 2023-06-08 | by ( Jessie Yeung | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —For days, images of New York choking in smoke have stunned the United States, as residents struggle to deal with the unfamiliar challenge of severe air pollution. That means its people are exposed to high levels of fine particulate matter, or PM2.5, a widely used indicator of harmful air pollution. It culminated in the infamous 2013 “air-pocalypse,” when the air quality index hit 755, smashing what was supposed to be the top of the scale at 500, according to the US Embassy in Beijing that kept a daily air quality monitor. In 2021, Beijing recorded its best monthly air quality since records began in 2013; photos now show mostly blue skies in the city. It’s an encouraging sign, and evidence that the right policies and investment can help fix air quality.

Persons: smothers, Andrew Kelly, Sanchit Khanna, Chiang Mai, Nicolas Asfouri, Justin Trudeau, Joe Biden, ”, Lucky Tran Organizations: Hong Kong CNN, Rockefeller Center, Reuters, Hindustan Times, Embassy, Canadian, United Nations, East Coasters Locations: Hong Kong, York, United States, Canada, Coast, West Coast, California, Asia, New York, India, New Delhi, Southeast Asia, Malaysia, Indonesia, Beijing, AFP, –, China, It’s, South Carolina, Quebec, Yorkers

☆ Here's how much it pays to control the fortunes of America's wealthiest people — and why it's escalating
▼ + stars: | 2023-06-06 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

Demand for access to private equity opportunities has contributed to big pay packages. While family offices have propped up across the globe, they are an American invention. J.P. Morgan is credited for launching the House of Morgan in the 1830s to manage family offices, and J.D. That means US family offices are often more mature and institutionalized than in other regions. Family offices need to be creative and competitive with the bonuses and other compensation perks of the private equity industry.

Persons: didn't, Morgan, Rockefeller, Jeff Bazos, Elon Musk, Jared Brichall Organizations: KPMG, Agreus, Waltons, Elon Locations: CIOs, Asia, Singapore, Europe, Middle East, Australia

Focus now shifts to the Labor Department's closely watched unemployment report for May, due on Friday. The data will help determine whether the Fed sticks with its aggressive rate hikes. "The market became confident that, 'wow the Fed rate hike for June is pretty much not happening' and confidence is falling for raising rates for July," he said. C3.ai Inc (AI.N) slumped after the artificial intelligence company forecast an annual revenue outlook below analysts' estimates. Dollar General Corp (DG.N) plunged as retail companies cut their full-year sales forecasts as high inflation dimmed the U.S. consumer outlook.

Persons: Goldman Sachs, Edward Moya, I'm, Jimmy Chang, Chang, Jason Pride, We've, Herbert Lash, Shreyashi Sanyal, Shristi, Shounak Dasgupta, Maju Samuel, Deepa Babington Organizations: Labor, Dow Jones, Nasdaq, ADP, Labor Department, Unit, Futures, Reuters Graphics Reuters, Senate, Rockefeller Global, Nvidia Corp, Glenmede, Dow, Salesforce Inc, Goldman Sachs Group Inc, Meta, Inc, General Corp, Thomson Locations: New York, Philadelphia, Bengaluru

☆ From Wall Street to Washington: Which finance execs would make the best public servants?
▼ + stars: | 2023-06-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

There has long been speculation that America's most-famous banker has plans to run for some sort of public office. The path from Wall Street to Washington is well worn, with plenty of high-profile executives taking up positions in the government. When most Wall Street executives were still afraid of the public cloud, she was ready to embrace it with open arms. Jon Gray — Treasury SecretaryBlackstone's president and chief operating officer has already had a brush with public office. The idea of him holding public office doesn't seem far-fetched.

Persons: Dan DeFrancesco, TikTok, I'm, we've, nabbing, Joe Biden's, Kevin McCarthy's, Jamie Dimon, Larry Downing, hasn't shied, Dimon, Dimon's, Bill Ackman, Kenneth Chenault —, Kathy Hochul, she's, Chenault, He's, Larry Fink —, We've, Larry, Fink, Adena Friedman, Friedman, Jon Gray —, Gray, Donald Trump, Gray's, Wall, Sen, Elizabeth Warren, Ken Griffin, Griffin, hasn't, Griffin hasn't, Ron DeSantis, he'll, Brian Moynihan —, Moynihan, Dan Schulman —, PayPal — he's, Taylor Swift, Kevin Mazur, Larry Fink, Franklin Templeton, It's, Rockefeller, Stephen Schwarzman, Warren Buffett, Cliff Asness, that's, Here's, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, REUTERS, Bloomberg, American Express, Catalyst, Washington Post, BlackRock, SEC, CFTC, OCC, Nasdaq, Wall, Democrat, GOP, Florida Gov, Commerce, PayPal, Express, Virgin Mobile, Rockefeller Capital Management, Putnam Investments, Blackstone, Credit Suisse, UBS, Reuters, LinkedIn Locations: NYC, Washington, New York, Florida, Chicago, Miami, Ohio, Swiss, London

☆ Greg Fleming's Rockefeller strategic-advisory team defies dealmaking drought thanks to this rich family
▼ + stars: | 2023-05-31 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

The wealth manager's CEO Greg Fleming has deep ties to the Desmarais family behind the insurer. In the midst of a dealmaking lull, Rockefeller Capital Management can add another billion-dollar advisory deal to its resume. Advised by the five-year-old firm, Canadian insurer Great-West Lifeco is selling asset management subsidiary Putnam Investments to Franklin Templeton, the firms announced today. Since Fleming launched Rockefeller, born out of the Standard Oil heirs' family office, Great-West Lifeco has consistently sought the firm's services. The Rockefeller family also increased its stake by an undisclosed amount.

Persons: Rockefeller, Franklin Templeton, Greg Fleming, Lifeco, Morgan Stanley, Merrill Lynch, Jim Ratigan, Stephen Valentino, Fleming, Paul Desmarais Jr Organizations: Rockefeller Capital Management, Putnam Investments, Pitchbook, Wall Street, Deutsche Bank . Rockefeller, Standard, Rockefeller, Power Corporation of Canada, Viking Global, Bank of America

☆ China's economy isn't rebounding as fast as anyone expected
▼ + stars: | 2023-05-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

While I personally won't be flying internationally anytime soon, we're diving into China's lethargic economy for today's newsletter. The much-anticipated economic rebound hasn't quite materialized for China in the way many had expected. The sluggish recovery has embedded itself in nearly every corner of the world's second-largest economy, even in some of the most obscure commodities markets. The CSI 300 index has slipped over recent weeks, and luxury brands reliant on China's large consumer base have tumbled. What's your outlook on China's economy for the rest of 2023?

Persons: I'm Phil Rosen, Jamie Dimon, Tesla, China Tuul, Bruno Morandi, Rockefeller International's Ruchir Sharma, Nicholas Lardy, Lardy, Filip De Mott, Tweet, Sheldon Cooper, Nordstrom, Goldman Sachs, there's, that's, Phil Rosen, Jason Ma, Nathan Rennolds Organizations: JPMorgan, Peterson Institute for International Economics, Getty, World Gold, Fed, Nvidia, Microsoft, Saudi Aramco Locations: Elon, China, Washington, Shanghai, Shenzhen, . Utah , Colorado, Scottsdale, Saudi, New York, Los Angeles, London

☆ China can continue to outgrow the US economy, and Americans shouldn't delude themselves, former Treasury official says
▼ + stars: | 2023-05-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China has demonstrated its economy can continue outgrowing the US, Steven Rattner wrote. "Most important, we should not delude ourselves with the fantasy that China is going to fall under its own weight." The former counselor to the Treasury secretary during the Obama administration acknowledged that China's rebound following the end of China's strict COVID policies has fallen short of high expectations. In fact, fresh manufacturing data Wednesday added to fears over China's economy. "Most important, we should not delude ourselves with the fantasy that China is going to fall under its own weight," Rattner concluded.

Persons: Steven Rattner, That's, —, Obama, Rockefeller International's Ruchir Sharma, Rattner Organizations: Service, Privacy, China, The New York Times, Trump, Biden Locations: China, South, America

☆ Video may show an octopus waking up from a nightmare, scientists believe
▼ + stars: | 2023-05-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

A video shows an octopus appearing to wake up from sleep in distress. The behaviour looked similar to waking up from a nightmare, scientists said. One of the study's co-authors noted that it would be difficult to study an octopus' brain activity and determine whether they actually dream. Robyn Crook, an associate professor of biology at San Francisco State University, told Live Science that the octopus' behavior could have been due to senescence, which is when an octopus' body starts to break down before death. "I don't exclude that senescence could be one of the drivers of this," Ramos told Live Science.

☆ Is This Octopus Having a Nightmare?
▼ + stars: | 2023-05-25 | by ( Carolyn Wilke | ) www.nytimes.com time to read: +1 min

Costello the octopus was napping while stuck to the glass of his tank at the Rockefeller University in New York. A minute later, Costello scuttled along the glass toward his tank’s sandy bottom, curling his arms over his body. “This was not a normal octopus behavior,” said Dr. Ramos, who is now at the University of Vermont. Perhaps Costello was having a nightmare, he and a team of researchers speculated. They shared this idea and other possible explanations in a study uploaded this month to the bioRxiv website.

☆ How to Avoid Work Burnout: Lessons From a Wall Street Rising Star
▼ + stars: | 2023-05-23 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +11 min

But despite all his professional success, Khe started to notice a nagging feeling that he wasn't playing the right game. "Success is like an addiction," Khe told me. When Khe told his closest confidants that he was unhappy and considering leaving BlackRock, they'd say things like "That's so risky" or "What about your daughter?" At BlackRock, Khe had job security, a seven-figure annual income, and a fancy job title. Simone Stozloff is an independent journalist, a consultant from San Francisco, and the author of "The Good Enough Job: Reclaiming Life from Work."

☆ The market will break to the upside, says Sanctuary Wealth’s Mary Ann Bartels
▼ + stars: | 2023-05-19 | by ( ) 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 market will break to the upside, says Sanctuary Wealth’s Mary Ann BartelsMary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth, and Michael Bapis, Managing Director at Rockefeller Capital Management, join 'Squawk Box' to discuss the broader market trends, the Fed's rate hike path, and more.

☆ Watch CNBC's full interview with Rockefeller's Cheryl Young and New Edge Wealth's Cameron Dawson
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rockefeller's Cheryl Young and New Edge Wealth's Cameron DawsonCheryl Young, Rockefeller Family Office private wealth advisor, and Cameron Dawson, New Edge Wealth CIO, join 'Squawk on the Street' to discuss the current market, how the debt ceiling debate has impacted markets and much more.

☆ Markets look like buying opportunity despite short-term volatility, says Rockefeller's Young
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets look like buying opportunity despite short-term volatility, says Rockefeller's YoungCheryl Young, Rockefeller Family Office private wealth advisor, joins 'Squawk on the Street' to discuss the day's market movies, what investors have to watch in the private equity space and more.

☆ Analysis: Overexposed US regional banks could sell commercial property loans
▼ + stars: | 2023-05-17 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

Still, previously unreported data from New York-based real estate data provider Trepp, shared with Reuters, show many regional banks' holdings exceed thresholds stipulated by regulators. While big banks have recently warned about CRE exposure, the new Trepp data underscores how acute and widespread the problem is across the banking sector. The regulatory guidance requires that banks exceeding these thresholds "should employ heightened risk management practices," including potential sales of specific loans. Meanwhile, New York Community Bancorp (NYCB.N) and Flagstar Bank [RIC:RIC:FBCANK.UL] were among the top five banks listed by Trepp that exceeded the CRE loan threshold. In Tuesday congressional testimony, FDIC chair Martin Gruenberg warned CRE loan portfolios "face challenges" should market conditions persist.

☆ A CIO who helps oversee $100 billion says the mega-cap tech elite responsible for broad stock-market gains this year are more at-risk than people think — and shares 3 areas he likes within equities fo
▼ + stars: | 2023-05-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In particular, Chang believes that mega-cap tech stocks have gotten overextended, and are expensive relative to the rest of the market. But looking below the surface, Chang says that most of this appreciation has been concentrated within a handful of mega-cap tech stocks. Once the recession begins to ease, Chang believes that cyclical names linked to economic strength will start to outperform. That includes tech stocks — specifically semiconductor companies. However, Chang believes that a recessionary period should present better entry points for any investors interested in buying riskier high-yield fixed income assets.

Search resuls for: "Rockefeller"

25 mentions found