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☆ 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.

☆ Building a Better Colonial Williamsburg
▼ + stars: | 2023-05-08 | by ( Jennifer Schuessler | ) www.nytimes.com time to read: +1 min

In 2021, the foundation raised a record-breaking $102 million, up 42 percent from the previous high in 2019. Those projects have won support across the political spectrum, including from Gov. “The scholarship of decades has shown us this fuller, richer picture of Early America,” Wulf said. But it’s the real thing.”A Patriotic ShrineColonial Williamsburg has its own complicated founding story. In the 1920s, a local minister persuaded John D. Rockefeller Jr. to quietly buy most of the historic area, with the goal of recreating Virginia’s 18th-century colonial capital, down to each historically correct brick and nail.

☆ Restaurant Review: Naro Makes New Magic From Classic Korean Dishes
▼ + stars: | 2023-05-02 | by ( Pete Wells | ) www.nytimes.com time to read: +1 min

At their groundbreaking restaurant Atomix, Junghyun and Jeongeun Park seem to have the keys to a secret room filled with flavors that New York’s older Korean restaurants barely hint at. Nearly every course on the elaborate tasting menus is made up of a dozen or more ingredients. You can, for instance, eat a sorbet flavored by the fleshy seed stalks of the Japanese raisin tree. But novelty is not the main point of this younger restaurant. While Atomix tries to expand our notions of what modern Korean cuisine might contain, Naro’s executive chef, Nate Kuester, takes a different tack.

☆ First Republic Advisors Are Fleeing to Firms Like Morgan Stanley
▼ + stars: | 2023-04-28 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

First Republic had raided Wall Street wirehouses including Morgan Stanley, UBS, and Wells Fargo for its top wealth advisor talent over the last several years. Now, the embattled bank is seeing an exodus of the talent it lured— and Morgan Stanley is emerging as a winner. Two sources familiar with hiring discussions at Morgan Stanley told Insider that the bank was not matching those top-of-market deals. Morgan Stanley was one of 11 banks to provide a combined $30 billion in uninsured deposits to First Republic. Morgan Stanley revealed in an earnings call that about $19.6 billion in net new assets were attributable to advisors and clients fleeing struggling banks like First Republic for Morgan Stanley.

☆ Fact Check-Laurance Rockefeller, John Podesta and Chester Bennington are not related
▼ + stars: | 2023-04-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

There is no evidence that oil tycoon John D. Rockefeller’s late grandson Laurance Rockefeller, White House adviser John Podesta and late Linkin Park lead singer Chester Bennington are directly related, contrary to rumors on social media. An image circulating online, which shows black-and-white photographs of the three men, reads: “This is Laurence (sic) Rockefeller, his son pedophile John Podesta, and his son, Linkin Park frontman Chester Bennington. Reuters found no evidence that Rockefeller, Podesta and Bennington are related. The Linkin Park frontman died by suicide in July 2017 (here), (here). There is no evidence Laurance Rockefeller, John Podesta and Chester Bennington are related.

☆ Opinion | Is There Still Free Will in Addiction?
▼ + stars: | 2023-04-24 | by ( Maia Szalavitz | ) www.nytimes.com time to read: +1 min

When I was arrested and charged with possession with intent to sell cocaine in 1986, I was addicted to both coke and heroin. I knew that doing this further jeopardized my life prospects and my relationships with everyone I cared about. Was my brain hijacked by drugs — or was I willfully choosing to risk it all for a few hours of selfish pleasure? What makes people continue taking drugs like street fentanyl, which put them at daily risk of death? These questions are at the heart of drug policy and the way we view and treat addiction.

☆ Morgan Stanley netted nearly $20 billion in new client assets from First Republic and other struggling regional banks
▼ + stars: | 2023-04-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Morgan Stanley netted $109.6 billion in new client assets in the first quarter of 2023. Before the hiring binge, Morgan Stanley and other banks gave a $30 billion lifeline to First Republic. Morgan Stanley beat profit estimates with its first-quarter results and got a little boost from the banking crisis. Analyst Steven Chubak of Wolfe Research asked how First Republic advisors flocking to Morgan Stanley had boosted quarterly inflows. That leaves $19.6 billion attributable to advisors and clients fleeing struggling banks like First Republic for Morgan Stanley, a too-big-to-fail institution.

☆ Rockefeller Center Strikes Deal for Luxury Hotel by Aspen Hospitality
▼ + stars: | 2023-04-18 | by ( Kate King | ) www.wsj.com time to read: 1 min

Rockefeller Center, like most Midtown Manhattan landlords, has experienced a sharp drop in office workers since the Covid-19 pandemic began. Rockefeller Center is preparing to open its first hotel, the latest sign that Midtown Manhattan’s largest office landlords are leaning into hospitality and entertainment as remote work reduces demand for office space. Aspen Hospitality plans to convert 10 floors of vacant office space above the NBC “Today” show studios into a luxury hotel, pending city approval. The hotel would be the second location for the company’s Little Nell Hotel, which opened in Aspen, Colo., in 1989.

☆ St. Barts Estate Sells for About $136 Million, a Record for the Caribbean Island
▼ + stars: | 2023-04-18 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A waterfront property once owned by David Rockefeller on the island of St. Barthélemy has traded hands for around $136 million, according to people familiar with the deal.

☆ Rockefeller Center Strikes Deal for Luxury Hotel by Aspen Hospitality Group
▼ + stars: | 2023-04-17 | by ( Kate King | ) www.wsj.com time to read: 1 min

☆ Three investors on how to protect your portfolio
▼ + stars: | 2023-04-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Wall Street has been hit with a barrage of complex signals about the economy’s health over the past month. From banking turmoil to weakening jobs data to slowing inflation, and now the start of earnings season, investors have remained largely resilient. So, how should investors protect their portfolios? Investors say there isn’t one asset that Wall Street should pile all their bets on, but there are fundamentals that should underlie their investment strategies. Doug Fincher, portfolio manager at Ionic Capital Management, says investors should brace their portfolios against inflation.

☆ How Timberland, Vans, VF Corp. are making sure their cotton isn't 'greenwashed'
▼ + stars: | 2023-04-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

In this article VFC Follow your favorite stocks CREATE FREE ACCOUNTSmallholder Farmers Alliance purchase of organic cotton from farmer member. But the focus quickly moved to regenerative agriculture, a practice more activist shareholders are pressing with big consumer companies. "Regenerative agriculture is really important to Timberland and VF because it's about restoring the soil," said Atlanta McIlwraith, Timberland's director of social impact and activation. watch nowVF Corp's efforts with regenerative cotton in Haiti come at a time of growing pressure from consumers for companies to adopt more sustainable practices. So, we tackle the problem from its roots, which is environmental degradation in the country," said Timote Georges, executive director and co-founder of Smallholder Farmers Alliance.

☆ Behind the Backlash Against Bud Light’s Transgender Influencer
▼ + stars: | 2023-04-14 | by ( Amanda Holpuch | ) www.nytimes.com time to read: 1 min

Some conservative commentators and celebrities began calling for a boycott of Bud Light after the beer was featured in a social media promotion by a transgender influencer, Dylan Mulvaney. After Bud Light’s sales slumped and the brand found itself thrust into the nation’s culture wars, Anheuser-Busch, the beer’s brewer, announced on Tuesday that two of its executives were taking a leave of absence. Ms. Mulvaney is popular on TikTok, where she has more than 10.8 million followers and has been documenting her transition online. The controversy began on April 1, when she posted a video on her Instagram account, where she has 1.8 million followers, to promote a Bud Light contest. Ms. Mulvaney, 26, celebrated one full year of her “Days of Girlhood” series in March with a live show at Rockefeller Center called “Dylan Mulvaney’s Day 365 Live!”

☆ Who is trans advocate Dylan Mulvaney?
▼ + stars: | 2023-04-13 | by ( Scottie Andrew | ) edition.cnn.com time to read: +7 min

She became famous on TikTok, where she pivoted from musical theater to advocacy when she came out as trans. But when she started posting videos sponsored by Bud Light, Olay and Nike, her accounts became flooded with anti-trans hate. After cultivating a sizable following during the pandemic, Mulvaney came out as a trans woman in March 2022. From time to time we produce unique commemorative cans for fans and for brand influencers, like Dylan Mulvaney. Mulvaney says she tries to tune out anti-trans hateDylan Mulvaney presented an award at the PFLAG National 50th Anniversary Gala in March.

☆ 'The big have gotten bigger' after every government rescue, says Rockefeller's Ruchir Sharma
▼ + stars: | 2023-04-11 | 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 Email'The big have gotten bigger' after every government rescue, says Rockefeller's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Squawk Box' to discuss whether government bailouts are stifling competition in the United States.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ The bank taking over SVB's venture-debt business doesn't seem to know a lot about venture debt
▼ + stars: | 2023-04-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, can you explain what venture debt is? The venture debt community, which has grown considerably as equity funding has dried up, is skeptical that First Citizens is the best firm for the job, Insider's Darius Rafieyan reports. Reporting from the first annual Venture Debt Conference in New York, which First Citizens seemed to be absent from, Darius details how attendees and panelists questioned the family-run regional bank's ability to take over the complex and nuanced business that is venture debt. I'm all for learning on the job, but that type of knowledge seems like a prerequisite for buying a business with more than $70 billion in venture debt. But, if First Citizens is as ill-equipped to take over SVB's venture-debt business as some believe, that only further complicates the matter.

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