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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rockefeller Capital Management CEO Greg FlemingGreg Fleming, Rockefeller Capital Management president and CEO, joins 'Squawk Box' to discuss where we are in this current crisis, whether the dominoes have stopped falling for banks, and the 'moral hazard' by negating risk.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress should insure deposits across the board, says Rockefeller Capital's Greg FlemingGreg Fleming, Rockefeller Capital Management president and CEO, joins 'Squawk Box' to discuss where we are in this current crisis, whether the dominoes have stopped falling for banks, and the 'moral hazard' by negating risk.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rockefeller International's Ruchir SharmaRuchir Sharma, Rockefeller International chairman and Breakout Capital founder and CIO, joins 'Squawk Box' to discuss China's economic picture, how far out Sharma's expectations for China go and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Rockefeller Capital's Michael BapisMichael Bapis, Rockefeller Capital Management private advisor, joins 'Squawk Box' to discuss his expectations for the S&P 500 this year and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRockefeller International Chairman Ruchir Sharma on tech's 'echo bubble'Ruchir Sharma, Rockefeller International Chairman, joins 'Squawk on the Street' to discuss his thoughts on what he calls tech's 'echo bubble.'
Timnit Gebru Is Calling Attention to the Pitfalls of AI
  + stars: | 2023-02-24 | by ( Emily Bobrow | ) www.wsj.com   time to read: +1 min
As a leading researcher on the ethics of artificial intelligence, Timnit Gebru has long believed that machine-learning algorithms could one day power much of our lives. What she didn’t predict was just how quickly this would happen. “I didn’t imagine people would be like, ‘Let’s replace lawyers with a chatbot,’ or ‘Let’s sell AI generated art that looks exactly like someone else’s,’” she says over video from her home in California’s Bay Area. Much of her work involves highlighting the ways AI programs can reinforce existing prejudices. “We talk about algorithms, but we don’t talk about who’s constructing the data set or who’s in the data set,” she says.
[1/2] A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. The bank's executive directors affirmed their commitment to an "open, merit-based and transparent selection process" for the new leader, and said countries could nominate candidates beginning Thursday through March 29. The World Bank board gave a list of criteria and relevant experience for would-be applicants, including "effective communication and diplomatic skills" and also said it "would strongly encourage women candidates to be nominated." The bank has never had a permanent woman president in its 77-year history, although current International Monetary Fund chief Kristalina Georgieva served as acting president for about two months in early 2019. The United States has historically selected the president of the bank, but some developing countries and civil society groups are challenging that tradition.
Jimmy Chang, the CIO of Rockefeller Capital Management, believes the best case scenario for stocks in 2023 is to trade sideways. Despite this, he says there's ample opportunities to be found as the Chinese economy reopens. He defines "old economy" stocks as those in more traditional industries like industrials and commodities, as well as those that directly benefit from global aging demographics, such as healthcare and life sciences. While utilities and consumer staples stocks are also typically more recession-proof, Chang believes that valuations are currently too high for both sectors. "I would rather participate in this Chinese rebound through the resource market, for example, owning commodities," he explained.
[1/5] David Malpass, president of the World Bank Group, arrives for a meeting with Japan's Prime Minister Fumio Kishida (not in picture) at Kishida's official residence in Tokyo, Japan September 13, 2022. REUTERS/Issei Kato/PoolWASHINGTON, Feb 15 (Reuters) - David Malpass, president of the World Bank, unexpectedly said he would resign in June on Wednesday, leaving open a job that oversees billions of dollars of funding and has a direct impact on poverty, climate change preparation, emergency aid and other issues in developing countries around the globe. RAJIV SHAShah is the former USAID administrator under Obama and currently president of the Rockefeller Foundation, a philanthropic group that says it aims to "promote the well-being of humanity throughout the world." The foundation recently partnered with the U.S. State Department on a carbon offset program at COP27, the international climate conference. MINOUCHE SHAFIKShafik is an Egypt-born, British American economist who is currently president of the London School of Economics and has served as deputy governor of the Bank of England and deputy managing director of the IMF.
[1/5] A model presents a creation from the LaQuan Smith Fall and Winter '23 collection at the Rainbow Room during Fashion Week in New York City, New York, U.S., February 13, 2023. REUTERS/Caitlin OchsNEW YORK, Feb 14 (Reuters) - Designer LaQuan Smith took over one of New York's most famed locations for his Fashion Week show on Monday, presenting his Fall 2023 collection at the Rainbow Room. “This used to be where the high society would come and dance and get glammed up and drink champagne,” Smith said. “This collection this season was really rich in texture when it came down to fabrications," Smith said. New York Fashion Week runs until Wednesday.
While the Adani Group has condemned the report as “baseless” and “malicious,” investor questions about its claims linger, and the fallout is growing. Gautam Adani is a 60-year-old tycoon who founded the Adani Group more than 30 years ago. The firm said it had taken a short position in Adani Group companies, meaning it would benefit from a drop in their value. Stocks of most Adani Group companies slumped again on Friday. Indian banks that hold Adani Group assets could also be affected if the value of those holdings continues to drop.
Real estate and private equity leaders, who have long helped to fill Sinema's campaign coffers, contributed to a healthy cash haul for the senator in the final months of last year. At the lunch, Sinema discussed the incoming Congress and how the tight margins in both chambers could create gridlock, according to attendees. Sinema's campaign had already seen more than $2 million from the securities and investment industry since the 2018 election cycle. The Sinema campaign saw dozens of contributions totaling over $145,000 from people who work at Apollo Global Management, another giant private equity firm, since October. Suzanne Clark, CEO of the massive pro-business lobbying group U.S. Chamber of Commerce, also donated $1,000 to Sinema's campaign on Dec. 31, the new FEC filing shows.
Rep. Marjorie Taylor Greene is cozying up with GOP leadership after two years of being an outsider. Two years later, under Republican leadership, she's angling herself into positions of power. It's clear she's learned valuable lessons from two of her GOP colleagues, Rep. Lauren Boebert and former Rep. Madison Cawthorn. In spite of this, Gingrich ultimately gained prominence among the GOP, becoming the Republican whip and later speaker of the House. Republican Rep. Marjorie Taylor Greene of Georgia takes a selfie with Kevin McCarthy after his election as speaker of the House.
So, how did a relatively young and small New York financial research firm manage to bring the Adani juggernaut to a juddering halt? Much of his fortune is tied up in the sprawling Adani Group, which he founded over 30 years ago. This is not the first time analysts have expressed fear that the rapid expansion of Adani businesses comes with huge risk. In its response, Adani Group said that the “leverage ratios” of its companies “continue to be healthy and are in line with the industry benchmarks in the respective sectors. Adani Group “is not going anywhere,” said Rajat Sharma, founder of financial advisory firm Sana Securities.
Wall Street veteran Greg Fleming founded Rockefeller Capital Management almost five years ago. Wall Street veteran Gregory Fleming launched wealth firm Rockefeller Capital Management in 2018 with the goal of hitting $100 billion in assets by 2023. If anything, the market turbulence has led to more inbound interest from clients, Fleming told Insider. He added that there is still potential to convert more wealth management clients into advisory clients and vice versa. For us, a lot of it is about the fit with the Rockefeller global family office," he said.
As Insider's Emmalyse Brownstein reports, some PE firms are scrambling to fill positions that, in years past, would have been locked up for months. Some context on PE recruiting: Firms recruit, interview, and make offers to junior bankers well ahead of their actual start dates. Some junior bankers didn't feel comfortable interviewing for a new role when they had barely settled into their current ones. The fact PE firms need to go back to the well to fill open seats should be a wake-up call. Click here to read more about how PE firms' early recruitment of junior bankers backfired.
Wall Street veteran Greg Fleming founded Rockefeller Capital Management almost five years ago. Wall Street veteran Gregory Fleming launched wealth fim Rockefeller Capital Management in 2018 with the goal of hitting $100 billion in assets by 2023. If anything, the market turbulence has led to more inbound interest from clients, Fleming told Insider. He added that there is still potential to convert more wealth management clients into advisory clients and vice versa. For us, a lot of it is about the fit with the Rockefeller global family office," he said.
Gambling companies competing to build a casino in Manhattan, one of the industry’s most coveted untapped markets, face skepticism from officials who would need to approve projects in the heart of the city. Real-estate and casino developers are pitching several sites in midtown Manhattan, including on the top floors of the Saks Fifth Avenue across from Rockefeller Center and in the very heart of Times Square. It’s vital to be near the city center to draw the right mix of tourists and wealthy clients, they said.
The San Francisco antiques dealer whose gallery was vandalized and denounced online after viral video showed him spraying a homeless woman with a water hose was arrested Wednesday and charged with battery, authorities said. The man, Collier Gwin, 71, was arrested on a misdemeanor battery charge, police said. He was booked late Wednesday afternoon into the San Francisco County Jail, where he was being held on $2,500 bail, according to jail records. A nearby business owner recorded video of Gwin spraying the woman on the sidewalk outside Foster Gwin Gallery on Jan. 9. They will release her within a day.”Foster Gwin Gallery in San Francisco.
Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."
Many Companies Are Shying Away From Carbon Credits
  + stars: | 2023-01-17 | by ( Dieter Holger | ) www.wsj.com   time to read: +5 min
Many companies are hesitant to buy carbon credits as the market faces criticism and coming standards remain unclear. Carbon credits are also expected to be discussed at this week’s World Economic Forum annual summit in Davos, Switzerland. As officials work to develop the market, sustainability chiefs must weigh the pros and cons of carbon credits in their climate plans. Carbon solutionsTo address concerns in the carbon market and scale up climate action, there is a movement toward better, widely accepted standards. The Integrity Council for the Voluntary Carbon Market ended its public comment period in September on the 10 so-called Core Carbon Principles it proposed in July.
ABU DHABI, Jan 15 (Reuters) - U.S. climate envoy John Kerry on Sunday outlined core principles for a "high-integrity" carbon offset plan meant to help developing nations speed their energy transition, and next steps including establishing a consultative group. The Energy Transition Accelerator (ETA), first announced at last year's COP27 climate conference, is being developed by the United States with the Bezos Earth Fund and the Rockefeller Foundation to mobilise private capital. "We believe you can have high-integrity, accountable, transparent credit which will help us to be able to put some money on the table," he said, acknowledging widespread criticism of voluntary carbon offset schemes. He said ETA principles also called for a near-term, inclusive and comprehensive approach to deliver on broader sustainable development goals and support power sector-wide energy transition. Reporting by Rachna Uppal and Ghaida Ghantous; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Ruchir Sharma's 2023 investor playbook
  + stars: | 2023-01-12 | 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 EmailRuchir Sharma's 2023 investor playbookRuchir Sharma from Rockefeller International joins Squawk on the Street to discuss his market call for this year.
NYC architect and designer Michael Gabellini recommended four upgrades to make a home extra cozy. His clients may demand luxury, but that doesn't mean that some upgrades can't be affordable. Install heated walls in the bathroomGabellini Sheppard designed the interiors for 611 West 56th Street in New York, with bathrooms that include heated floors. He's seeing a growing demand for heated walls, which are already popular in Germany. Gabellini SheppardYou've heard of heated floors — and now, heated walls — but what about heated countertops?
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech will be down until the Fed pivot, then it will lead up, says Rockefeller Global's Cheryl YoungCheryl Young, Rockefeller Global Family Office, joins 'Closing Bell: Overtime' to discuss opportunities she sees in Big Tech.
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