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Search resuls for: "Rockefeller"


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☆ 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
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.
☆ 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.
☆ Expect U.S, dollar to be in a multi-year bear market, says Rockefeller's Ruchir Sharma
  + stars: | 2023-04-05 | 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 EmailExpect U.S, dollar to be in a multi-year bear market, says Rockefeller's Ruchir SharmaRuchir Sharma, Rockefeller International, joins 'Closing Bell: Overtime' to discuss why he believes the U.S. dollar is heading toward a bear market.
☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
  + stars: | 2023-04-05 | 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.
☆ Here's the 15-page pitch deck a startup helping Wall Street monitor employees' use of messengers like WhatsApp and Signal used to raise $22 million
  + stars: | 2023-03-31 | by ( Paige Hagy | ) www.businessinsider.com   time to read: +4 min
LeapXpert used this 15-page pitch deck to raise a $22 million Series A+ round. This startup is helping companies ensure the messaging channels employees use to communicate professionally are safe and in compliance with regulation. On Wednesday, the startup announced a $22 million Series A+ round led by Rockefeller Asset Management's Technology Ventures Group. He wants to grow the startup's global reach, add more supported messaging channels, and increase its team. Read the 15-page pitch deck LeapXpert used to raise a $22 million Series A+ round.
☆ Meet the new co-heads of Merrill Lynch as Andy Sieg exits to jump-start Citi's wealth business
  + stars: | 2023-03-30 | by ( Hayley Cuccinello | Rebecca Ungarino | ) www.businessinsider.com   time to read: +4 min
Merrill Lynch head Andy Sieg is leaving to lead rival Citi's wealth management business. Sieg is leaving for rival bank Citi, where he faces a big challenge when he starts in September: improving Citi's wealth business, which has lagged behind competitors like Merrill and Morgan Stanley Wealth Management. New battles await both Sieg at Citi, where he will be head of Citi Global Wealth, and his successors at Merrill. The move was made after the wealth business had missed revenue targets, the Wall Street Journal reported. Citi CEO Jane Fraser described the wealth management unit's performance as "disappointing" on a call to discuss earnings in January.
☆ Office Doom Loop: Landlords Face a Reckoning As Companies Move to Fancy Offices
  + stars: | 2023-03-30 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +14 min
The Gas Company Tower in downtown Los Angeles has a sterling pedigree, but even that can't save it from the doom loop facing many older office towers. A huge swath of America's office market is vulnerable to these twin threats of being under-equipped with amenities and underwater financially. This behavioral shift has deeply cut into demand for office space. The amount of sublease space nationally more than doubled from 118.5 million square feet at the end of 2019 to 242.8 million square feet at the end of 2022, Colliers stated. Lenders are often reluctant, he said, to seize office buildings because of the costs and expertise required to operate the properties.
☆ The culture of bailouts is destabilizing the global financial system: Rockefeller's Sharma
  + stars: | 2023-03-28 | 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 culture of bailouts is destabilizing the global financial system: Rockefeller's SharmaRuchir Sharma, Rockefeller International chairman and Breakout Capital founder and CIO, joins 'Squawk Box' to discuss his thoughts on the state of the economy, what comes next for government rescues, and more.
☆ Rockefeller Family Descendants Sell Historic Philadelphia-Area Estate for $24 Million
  + stars: | 2023-03-22 | by ( Sarah Paynter | ) 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 historic Philadelphia-area estate owned by descendants of the Rockefeller family of oil magnates has sold for $24 million, according to Zillow.
☆ The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
  + stars: | 2023-03-21 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +6 min
Investors will be looking for assurances from Fed Chairman Jerome Powell that the central bank can contain the banking problems. Expectations for Fed rate hikes also moved dramatically: What was expected to be a half-point hike two weeks ago is now up for debate at a quarter point or even zero. He said the Fed will not likely say it is going to pause, but its messaging could be interpreted that way. Depending on their [projections], I think the market will think this is the final hike." Swonk also expects the Fed to withhold its so-called dot plot, the chart on which it shows anonymous forecasts from Fed officials on the path for interest rates.
☆ We are moving toward a post-U.S.-dollar world, says Rockefeller International's Ruchir Sharma
  + stars: | 2023-03-17 | 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 EmailWe are moving toward a post-U.S.-dollar world, says Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell: Overtime' to discuss the geopolitical risk to the market and the future of the U.S. dollar as the world's reserve currency.
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