Former Rockefeller Estate Fetches $24M
Rockefeller family descendants have sold a 210-acre Philadelphia-area estate for $24 million, the Wall Street Journal reported. The property, known as Kirkwood Farm, was originally listed by the scions of the oil magnate William Rockefeller for $30 million, Compass agent Lavinia Smerconish, who had the listing, told the outlet. The estate, which has been used […] The post Rockefeller scions sell Philadelphia-area estate for $24M appeared first on The Real Deal.
Retirement Funds For Teachers And Firefighters Are Caught In Esg Crossfire
A growing wave of public pension administrators, business groups and labor unions are sending a message to Republicans looking to curb so-called “woke” investing: our money, our choice.
Investors Brace For Week Of Turmoil Amid Banking Woes, Interest Rate Hikes: ‘things Break When Central Banks Tighten Too Much’
Despite Fed assurances that the overall financial system is sound, the fragility of markets has investors worried. : Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which cascading worries about US and European lenders dominated sentiment and complicated central banks’ fight against inflation. Currency markets will give the first read on demand for haven assets as trading kicks off in Asia on Monday. Investors will focus on the yen, which gained the past four weeks as fears over the health of an array of lenders whipsawed markets.
Valeura Energy Completes Deal To Acquire Mubadala’s Gulf Of Thailand Offshore Assets
Valeura Energy Inc. is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkey, and is pursuing further inorganic growth in Southeast Asia. Valeura Energy has assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey. Valeura Energy completed on March…
Latest Crisis To Hit U.s. Economy Illustrates The Costs Of Complacency - The Washington Post
Banking woes followed a long era of easy money. : Each of the last four U.S. presidents has confronted an economic crisis serious enough to warrant extraordinary government intervention in the workings of the free market. Once rare, such dramatic rescues have become the norm. The authorities’ swift response this month to the collapse of Silicon Valley Bank, which until the day it failed had been regarded as of little importance beyond the technology sector, revealed a brittle system addicted to infusions of official support, according to some economists.
Shareholder Alert: Kaskela Law Llc Announces Investigation Of Radius Global Infrastructure, Inc. (nasdaq: Radi) And Encourages Investors To Contact The Firm
PHILADELPHIA, March 25, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Radius Global Infrastructure, Inc. (NASDAQ: RADI) ("Radius") on behalf of the company's investors. On March 1, 2023, Radius reported that it would be acquired by private investment entities EQT...
The Calculus Behind The Esg Battle Between The White House And Capitol Hill
Just what happened and why did it occur? Could it be that there was more smoke than fire? : When President Biden used his first veto (less than 60 days after his party no longer controlled both houses of Congress), the media reported on the event with much fanfare. That it had to do with a very narrow subject didn’t matter. But was all the chest pumping justified? Could it be that the issue was already moot even before Congress passed the joint resolution that inspired the veto?
Are Recent Bank Failures A “u.k. Ldi Moment” For The U.s. Financial System?
By Andrew Okrongly, CFA Director, Model Portfolios The turmoil within the U.S. banking system, started by the sudden failure of Silicon Valley Bank and Signature Bank, appears far from over. While regulators have taken extreme measures to contain the upheaval, uncertainties remain for regional banks in the United States. Where do we go from here? [...] The post Are Recent Bank Failures a “U.K. LDI Moment” for the U.S. Financial System? appeared first on ETF Trends.
Biggest Casualty Of Ending Ltcg Regime Is Not Debt Funds But The Debt Market
The biggest casualty is clearly the debt market since mutual funds were the only parties that bought and sold corporate bonds in the debt market. Insurance and pension funds and even banks are usually hold-to-maturity buyers. So the vibrancy in the debt market is bound to be hurt if debt funds don’t get incremental money.
Knight Foundation Leader To Retire, Leaving Powerful Legacy
Alberto Ibargüen announced Friday that he was stepping down as the leader of the John S.: Alberto Ibargüen announced Friday that he was stepping down as the leader of the John S. and James L. Knight Foundation, ending a run as the grantmaker’s president that began in the George W. Bush administration. With about $3 billion in assets, Knight is among the 50 wealthiest foundations. During his tenure, Ibargüen made his mark in the cities where brothers John S. and James L. Knight operated their newspaper empire.