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"While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club," said Kevin Teng, CEO of WRISE Wealth Management Singapore, a wealth enterprise for ultra-high net worth individuals. Family offices as investment vehiclesIndividuals of such wealth generally have their money managed by single family offices, which handle everything including their inheritance, household bills, credit cards, immediate family expenses, etc., said Andrew Amoils, an analyst at global wealth intelligence firm New World Wealth. "These family offices often have foundation arms for charities and venture capital arms that invest in high growth startups," said Amoils. The number of family offices in the world has tripled since 2019, topping 4,500 worldwide last year with an estimated $6 trillion in assets under management combined. Ultra high net worth individuals also explore potentially buying stakes in professional sports teams, said Dandrew's Buscemi.
Persons: Yana Iskayeva, Kevin Teng, Salvatore Buscemi, Teng, Buscemi, Michael Sonnenfeldt, , Andrew Amoils, Dandrew's Buscemi, Jerry Jones, Jayne Kamin Organizations: WRISE Wealth Management Singapore, Bay Area, NFL, Dandrew, CNBC, Dandrew Partners, Tiger, Dallas Cowboys, Getty Locations: centimillionaires, New York City, Bay, Los Angeles, London, Beijing, WRISE, United States, Oxnard , California
NYC restaurateur Keith McNally insulted Lauren Sánchez in an apparently unprompted Instagram post. And his latest target is Lauren Sánchez, the fiancée of one of the most powerful people in the world, Jeff Bezos. McNally, who owns more than a dozen restaurants including NYC's famed Balthazar, wrote a seemingly out-of-the-blue Instagram post attacking Sánchez and Bezos on Monday. Chrissy Teigen commented on McNally's post, writing, "She's actually incredibly dynamic, accomplished and kind, and everyone who knows her would say the same." If his edited-down post is any indication, McNally sure learned the hard way not to mess with Sánchez, or her famous friends.
Persons: Keith McNally, Lauren Sánchez, Jeff Bezos, He's, James Corden, Adele, Instagram, , who's, Sánchez, McNally, Balthazar, Bezos, — Lauren Sanchez —, Sanchez, MacKenzie Scott, Chrissy Teigen, She's, Jessica Seinfeld, Jerry Seinfeld, Lauren, Stephanie Ruhle, Rachel Zoe, Corden, Corden's, Megastar Adele Organizations: Service, MSNBC, Independent, Representatives, New York Times
CNN —The top two senators on the Senate Committee on Veterans’ Affairs called the Biden administration’s plan to reduce veterans’ health care staffing a “mess” that could undercut the timing and quality of care. Their letter, obtained by CNN, called VA’s apparent “zero growth” policy a “drastic” and “shortsighted” decision. Though the VA told the committee that critical staff and some others would be exempt, Tester and Moran wrote that has not been the case. The VA has long been plagued by delays in health care. A decade ago, the Obama administration’s then-VA secretary, Eric Shinseki, resigned following revelations of sometimes deadly delays for veterans waiting for care at VA facilities.
Persons: Biden, Veterans Affairs Denis McDonough, Sen, Jon Tester, Jerry Moran, Moran, , , Shereef Elnahal, Dr, Jason Crow, Helen H, Richardson, ” Elnahal, , Terrence Hayes, ” Hayes, McDonough, Joe Biden, Obama administration’s, Eric Shinseki Organizations: CNN, Veterans ’ Affairs, Veterans Affairs, Montana Democrat, Kansas Republican, VA, Health, U.S . Department of Veterans Affairs, Wheeling, Denver Post, PACT Locations: Montana, Kansas, , VA, Wheeling St, Aurora , Colorado
In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.
Persons: , Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's
In today's big story, we're looking at a critical tech review that caused a bit of a stir on social media . AdvertisementIn a 25-minute video , Brownlee details all the issues he encountered using the AI device. Earlier this year, a negative video of Fisker's Ocean SUV by Brownlee also made waves on social media . Mario Tama/Getty Images; Chelsea Jia Feng/BICritical reviews in the age of innovation raise some interesting questions. Last week's drop among tech stocks shouldn't scare away investors , according to Wedbush.
Persons: , Michael Pollan, Roy Rochlin, Marques Brownlee, Brownlee, X, Mario Tama, Chelsea Jia Feng, It's, Insider's Peter Kafka, Peter, Katie Notopolous, Goldman, David Solomon, Kevin Winter, Eric Newcomer, Rebecca Zisser, Caitlin Clark, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, YouTube, Apple, Apple Vision, Humane, America, JPMorgan, National Bureau, Statistics, Amazon Prime, Street Journal, Justice Department, Ticketmaster, United Airlines, Bank of America, The Locations: San Francisco, New York, Tokyo, London, Dublin
Lauren Boebert just had her worst fundraising quarter in years. But some of her House GOP colleagues are donating to her. George Santos even gave her $400. AdvertisementRep. Lauren Boebert just had her worst fundraising quarter in years, bringing in roughly $462,000 in the first three months of 2024. Former Rep. George Santos and Rep. Lauren Boebert before the State of the Union last month.
Persons: Lauren Boebert, George Santos, , Boebert, Ken Buck, Mary Miller of Illinois, Ronny Jackson of, Anna Paulina Luna of, Jim Jordan of, Andy Biggs, Buck, Santos, Shawn Thew, Donald Trump, Jerry Sonnenberg Organizations: GOP, Service, Colorado Republican's, Rep, Caucus, Reps, House GOP Locations: redder, Colorado, Ronny Jackson of Texas, Anna Paulina Luna of Florida, Jim Jordan of Ohio, Andy Biggs of Arizona, State, Denver
New York City got its first tiny forest, planted on Roosevelt Island on April 6. AdvertisementVolunteers and supporters gather in Southpoint Park on Roosevelt Island for a ceremony before planting a pocket forest on April 6, 2024. AdvertisementSharon Bean volunteered at the pocket forest planting in honor of her sister, Kat Livingston, an avid gardener who died of cancer in January. SUGi has created pocket forests in 42 cities on six continents since 2019 — the Roosevelt Island forest is the group's 200th. AdvertisementThe tiny forest, also known as the Manhattan Healing Forest, sits at the southern end of Roosevelt Island.
Persons: Akira Miyawaki that's, Elise Van Middelem, Eliza Relman, Curtis Zunigh, Jerry Nadler, Franklin D, Roosevelt, Sharon Bean, Kat Livingston, Judith Berdy, she's, Berdy, Christina Delfico's, Delfico, Van Middelem, We've, SUGi, Bean, Tayana Panova, Panova, Olivia MacDonald Organizations: Service, York, Volunteers, New, Lunatic Asylum, Lenape Center, Manhattan Healing, Navajo Nation, New York Times Locations: York City, Roosevelt, Japanese, New York, Park, Dutch, British, Welfare, Manhattan, New York State, London, Syracuse , New York, New Mexico
The long-running show referenced the polarizing "Seinfeld" series finale in its ending. How did the 'Curb Your Enthusiasm' series finale end? This mirrors the structure of the "Seinfeld" series finale. Related storiesLarry tells Seinfeld that "this is how we should've ended the finale," referencing the widely hated "Seinfeld" finale. Jerry Seinfeld and Larry David in the series finale of "Curb Your Enthusiasm."
Persons: Larry David's, , David, Larry, Earl Mack, Greg Kinnear, They're, Joe, Saverio Guerra, Irma, Tracey Ullman, Bruce Springsteen, Jerry, Jerry Seinfeld, George, Jason Alexander, Elaine, Julia Louis, Dreyfus, Kramer, Michael Richards, Seinfeld, Larry David, John Johnson, It's, Ken Tucker, who'd, Samuel Beckett, Tucker, Grantland Organizations: Service, HBO, New Yorker Locations: Atlanta, Massachusetts,
After a 2013 investigation, Schneider started giving notes to actors on "Sam & Cat" from his office, instead of directly interacting with them. As for his relationships with the actors, Schneider said, "I never interacted with actors in any way, texting or otherwise, that should make anyone uncomfortable." March 17 and 18, 2024: ID releases the 4-part docuseries 'Quiet on Set' across 2 nights, detailing the dark side of NickelodeonDrake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." AdvertisementNikolas slammed Schneider's apology in a reaction video uploaded on YouTube on Tuesday. Nikolas wasn't the only former Nickelodeon star who criticized Schneider's apology.
Persons: , Dan Schneider, Schneider, Drake, Josh, Nickdeleon, he's, Dan Schneider Dan Schneider, Beverly Hilton, Brian, Sam, Henry Danger, The New York Times Dan Schneider, Eric Vitale Eric Vitale, Jennette McCurdy, Schneider's, McCurdy, Sam Puckett, Nathan Kress, Kate Taylor, Victoria Justice, Avan Jogia, Lawrence K, Alexa Nikolas, Nicole Bristow, Daniella Monet, Trina Vega, Jenny Kilgen, Nickelodeon Drake Bell, Mary Robertson, Emma Schwartz, BI's Taylor, Nikolas, Marc Summers, Giovonnie Samuels, Bryan Hearne, Kilgen, Christy Stratton, Jamie Lynn Spears, Dan, Jeff Kravitz, Jason Handy, Brian Peck, Handy, Peck, Alan Thicke, James Marsden, Will Friedle, Maxine, Drake Bell, Bell, Josh Peck, Bobby Bowman, let's, Jerry Trainor, Miranda Cosgrove, Jason Merritt, Magic Schneider, didn't, doesn't, it's, Nikolas wasn't, Soledad O'Brien, Hearne, Jennette, Samuels Organizations: Service, Nickelodeon, Kids, Business, Beverly, The New York Times, Times, Apple, New York Times, Victoria, Los Angeles Times, Getty, BI, Maxine Productions, Sony Pictures, YouTube Locations: Beverly Hills , California, Hollywood, TikTok
Larry David is just fine with how “Seinfeld” ended. OK, I can’t read his mind — but “Larry David,” the version of himself he plays on “Curb Your Enthusiasm,” is cool with that much-maligned finale. But the rest of the viewership is more likely to look at the final episode the way we have become conditioned to view a series finale: as a high-stakes, legacy-defining challenge. There are plenty of clichés in TV criticism, and I am not immune to using them. But “stick the landing” is one that awakens my cantankerous inner Larry David — not just because it is an overused phrase, but because of what it says about art and endings and what matters in both.
Persons: Larry David, “ Seinfeld ”, , Jerry Seinfeld, , Seinfeld, Larry, Larry David —
Larry David has long defended the “Seinfeld” finale. He’s often been its lone champion as critics, fans and the cast, including Jerry Seinfeld, have continued to lament the conclusion of one of television’s most successful, enduring sitcoms. And, if the signs are to be believed, the final episode may pay homage to the much-maligned “Seinfeld” send-off. A trial included a parade of character witnesses, many of them wronged by the defendants over nine seasons, attesting to their unethical behavior. Jerry, George, Elaine and Kramer were found guilty of, as the prosecutor put it, “selfishness, self-absorption, immaturity and greed.”
Persons: Larry David, He’s, Jerry Seinfeld, David —, Seinfeld ”, Seinfeld, Jerry, George, Elaine, Kramer Organizations: HBO, Samaritan Locations: New York City, Massachusetts
CNN —A 1938 comic featuring Superman’s first appearance sold for $6 million at auction on Thursday, becoming the most expensive comic ever, according to Heritage Auctions, which handled the sale. And despite its age, this comic was still in very good condition, with rich colors and a little wear at the top. Only two other unrestored copies exist in better condition, Heritage Auctions said, and only 100 in total are estimated to survive out of the 200,000 originally printed. The comic was in remarkably good condition for its age. Other copies have also sold for record-breaking prices, including one in 2021 that went for $3.25 million and became the most expensive ever comic at the time.
Persons: Barry Sandoval, Jerry Siegel, Joe Shuster, Lois Lane, Organizations: CNN, Heritage, Heritage Auctions, CGC Comics
It evokes, in the most rudimentary sense, beer fridges and car parts, Super Bowl ads and maybe even Jerry Seinfeld’s bachelor pad, where he displayed his 17 favorite cereal boxes on a shelf. It’s the man cave: punchline, poker hub and perennial source of masculine escape. To Tristan Bridges, a sociologist who is studying the phenomenon, the man cave is also a window into the dynamics of a home, into friendship and loneliness, hobbies and pastimes — and what our physical spaces can tell us about ourselves. For the past few years, he has been interviewing people about their caves, and now Opinion is, too. Do you live in the United States and have a space (a room, a basement, even just a corner) that could be described, cheekily or not, as a man cave?
Persons: Jerry Seinfeld’s, Tristan Bridges, Organizations: Super Bowl Locations: United States
Stanford University’s next president will be Jonathan Levin, an economist who currently serves as dean of the graduate business school and whose association with the university dates back to his undergraduate days in the 1990s. Dr. Levin’s selection, announced on Thursday, was based partly on his deep understanding of the university’s culture, the school said. His appointment is also viewed as a stabilizing force, as Stanford faces turmoil stemming from protests over the Israel-Hamas war, as well as controversy over a predecessor, Marc Tessier-Lavigne, who resigned as president last summer amid questions about the quality of scientific research that was conducted in labs he supervised. Jerry Yang, the technology entrepreneur who is the chair of Stanford’s board of trustees, said that the selection committee chose Dr. Levin, 51, as someone who could chart a course for the university during these politically fraught times.
Persons: Stanford University’s, Jonathan Levin, Marc Tessier, Lavigne, Jerry Yang, Levin Locations: Stanford, Israel
Rapid productivity improvement is the dream for both companies and economic policymakers. If output per hour holds steady, firms must either sacrifice profits or raise prices to pay for wage increases or investment projects. Economies experiencing productivity booms can experience rapid wage gains and quick growth without as much risk of rapid inflation. — especially generative A.I., which is still in its infancy — has spread enough to show up in productivity data already. “may” have the potential to increase productivity growth, “but probably not in the short run.” John C. Williams, president of the New York Fed, has made similar remarks, specifically citing the work of the Northwestern University economist Robert Gordon.
Persons: Jerome H, Powell, ” John C, Williams, Robert Gordon Organizations: Ben, Abercrombie, Fitch’s, Federal Reserve, New York Fed, Northwestern University
Colorado Republicans narrowly chose former mayor Greg Lopez to complete Rep. Ken Buck's term. She sat out the special election because it would've triggered another special election. AdvertisementColorado Republicans narrowly chose Greg Lopez to serve the remainder of former Rep. Ken Buck's term. In other words, he won't run against Boebert in the ongoing GOP primary to represent Colorado's 4th congressional district for a full term. Congratulations to Greg Lopez, who will be a strong Congressman finishing out the remainder of Ken BUCKLE’S term!
Persons: Greg Lopez, Ken Buck's, Lauren Boebert, , Lopez, Jerry Sonnenberg, who's, Buck, George Santos, Boebert, would've, she's, Buck —, Joe Biden, Ken BUCKLE’S, Greg, … — Lauren Boebert Organizations: Colorado Republicans, Service, Boebert, Republicans Locations: Parker , Colorado, Colorado's, Hugo , Colorado, Logan, Colorado, Denver, redder
Read previewIt's been just about a year since Koru, Jeff Bezos' $500 million megayacht, set sail from the Oceanco shipyard in the Netherlands, capturing the attention of yachting insiders and land dwellers alike. Unlike many other megayachts, Koru, which media billionaire Barry Diller's Eos inspired, is designed as a sailing yacht. AdvertisementLike most other megayachts, Koru is powered by her engines, which are reportedly innovative in their use of a kinetic energy recovery system. AdvertisementTeak or not, the yachting industry isn't generally known for being all that environmentally friendly — or indeed lowkey, so many who BI talked to didn't buy into the idea that Koru is "too much." It's the latest superyacht to capture the yachting world's attention.
Persons: , Jeff Bezos, Koru, they'd, Federico Rossi, Barry Diller's Eos, he'd, Bezos, Lauren Sanchez, Origin's, Shephard, That's, Anders Kurtén, I'm, Jerry Jones, Bernard Arnault, Mark Zuckerberg Organizations: Service, Palm, Business, Industry, Yachts Locations: Netherlands, St, Myanmar
Three-Stock Lunch: Tesla, Merck, and RH
  + stars: | 2024-03-27 | 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 EmailThree-Stock Lunch: Tesla, Merck, and RHJerry Castellini, Castle Ark Management president and CIO, joins 'Power Lunch' to discuss Castellini's investing take on three stocks: Tesla, Merck, and RH.
Persons: RH Jerry Castellini Organizations: Merck, Ark Management
AdvertisementThe three-body problem is unsolvable and chaoticSome of the show's action takes place in a virtual world that's orbited by three suns. "This is a centuries-old problem," Shane Ross, an aerospace and ocean engineering professor at Virginia Tech, told Business Insider. Alpha Centauri is the closest star system to EarthThe three-body system in the story is based on a real neighboring star system called Alpha Centauri. At about 4 light-years from Earth, it's the closest star system to our own and contains three stars: Alpha Centauri A, Alpha Centauri B, and Proxima Centauri, which has two planets orbiting around it. A view of the bright triple-star system Alpha Centauri.
Persons: , Liu Cixin, Shane Ross, Isaac Newton, Ross, Georgios Kollidas, Alpha Centauri, Franck Marchis, Davide De Martin, they're, Marchis, Ye Wenjie, Enrico Fermi, Benedict Wong, Jerry Ehman, Sir William Hamilton, William of Ockham, Aristotle, Ptolemy, Maximilien Brice, John Finney, It's Organizations: Service, Netflix, Oxford University, Business, Virginia Tech, Alpha, Alpha Centauri, Proxima, SETI Institute, ESO, Columbia University, USA, Keystone, Getty, Ohio State University, Extraterrestrial Intelligence, SETI, American AstroPhysical, CERN Locations: Ohio, China, North America
Unilever said Tuesday that it will spin off its ice cream brands, including Ben & Jerry's. It's the latest change for Ben & Jerry's, which was founded by two childhood friends from Long Island. Here's the story of Ben & Jerry's, from a gas station in Vermont to global distribution. While many companies keep away from social issues, Ben & Jerry's has made weighing in part of its strategy. Now, Unilever is reportedly planning to spin off Ben & Jerry's, plus other ice cream brands, such as Magnum.
Persons: Jerry's, Ben, , George Floyd, Ben Cohen, Jerry Greenfield Organizations: Unilever, Ben, Service Locations: Long, Vermont
Jerry Seinfeld is now worth over $1 billion, Bloomberg estimated. His portfolio's unconventional, with roughly half coming from TV syndication deals. Seinfeld has a $40 million real estate portfolio, Bloomberg reported, and has netted $100 million on tour. AdvertisementJerry Seinfeld has amassed an impressive fortune, but very little in his portfolio resembles that of the super-wealthy. Bloomberg pegs Seinfeld's net worth at upwards of $1 billion — with roughly half that sum, $465 million, coming from syndication deals for his eponymous sitcom.
Persons: Jerry Seinfeld, Seinfeld, Organizations: Bloomberg, Service, Business
Academy Award winner Regina King stars as Shirley Chisholm. Regina King, left, as Shirley Chisholm in the Netflix film "Shirley." Glen Wilson/Netflix; OHalloran/Library of Congress/Interim Archives/Getty ImagesChisholm, born in Brooklyn, was the first Black woman elected to the US Congress. King has been acting professionally since the '80s, beginning with the TV show "227." King also won a Primetime Emmy for her performance as Angela Abar/Sister Night on HBO's limited series adaptation of the graphic novel "Watchmen."
Persons: Regina King, Shirley Chisholm, Shirley, Chisholm, Glen Wilson, King, Jerry Maguire, Stella, Oscar, Angela Abar, Malcolm X, Muhammad Ali, Jim Brown, Sam Cooke Organizations: Netflix, of Congress, Interim, Getty Locations: Washington , DC, Brooklyn, Miami .
"Advertising on Reddit is rapidly evolving, and we are still in the early phases of growing this business," Reddit wrote in its IPO filing. The company said advertisers were attracted to Reddit due to its "high-intent" audience, much of which is hunting for product recommendations. And elsewhere, Reddit doesn't have the kind of e-commerce structure that Meta, TikTok, and Google have built, experts said. It has poached ad talent from companies like Pinterest and Meta to grow its ad business. Also last year, Jim Squires, a former longtime Meta ad exec, joined Reddit in a new role as EVP of business marketing and growth.
Persons: it's, Reddit, Reddit hasn't, Brad Kay, Reddit didn't, haven't, TikTok, Jerry Daykin, Daykin, Carly Carson, Reddit doesn't, Anthony Macro, Harold Klaje, Klaje, Jim Squires, Jeff MacDonald, That's, MacDonald, PMG's Carson Organizations: Google, Business, Brand, Meta, Beam Suntory, PPC, Reddit, YouTube Locations: Meta
A family enjoys the visitor attractions at Ben & Jerrys factory in Waterbury, Vermont on June 24, 2021. Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs. "The proposed changes are expected to impact around 7,500 predominantly office-based roles globally, with total restructuring costs now anticipated to be around 1.2% of Group turnover for the next three years (up from the around 1% of Group turnover previously communicated)," a statement said. This is breaking news story, please check back later for more.
Persons: Jerrys, Jerry's Organizations: Consumer, Unilever Locations: Waterbury , Vermont
London CNN —The world’s biggest ice cream business is about to go it alone. The newly minted firm will boast five of the 10 best-selling ice cream brands worldwide, namely Magnum, Ben & Jerry’s, Breyers, Walls and Cornetto. “The future growth of Unilever and ice cream is best served by separating the business,” Unilever CEO Hein Schumacher told journalists. Philippe Wojazer/ReutersThe origins of Unilever’s ice cream business can be traced back to the summer of 1913, when Thomas Wall started selling ice cream from his family butcher shop in London. But its ice cream sales took a hit last year as cash-strapped consumers cut back on non-essential spending.
Persons: Jerry’s, , Hein Schumacher, ” Schumacher, Miko Carte, Philippe Wojazer, Thomas Wall, Matt Britzman, Hargreaves, , , Schumacher Organizations: London CNN, Unilever, ” Employees, Schumacher Locations: Saint, France, London,
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