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☆ The Balmain dress Elle Fanning wore to the Met Gala has a long history
▼ + stars: | 2024-05-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.

Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, —, Baker, Pierre Balmain, “, sparkles, ”, Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s

☆ A hiker discovered a wealthy traveler's remains on a skiing glacier in Switzerland. They turned out to be 400 years old.
▼ + stars: | 2024-05-09 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

A hiker discovered the 400-year-old remains of a wealthy man on a glacier in the Swiss Alps. © Valais History Museum, Sion; Michel MartinezAll these items dated to around 1600 AD. Archaeologists uncover mule bones on the Theodul glacier in Switzerland, near Zermatt. © Valais History Museum, Sion; Michel MartinezHe wasn't a soldier-for-hire after all, a 2015 paper concluded. Andenmatten steps out of a freezer where artifacts are stored in the basement of the Valais History Museum archives.

Persons: Michel Martinez, They're, Pierre, Yves Nicod, Nicod, Ambroise Héritier, Morgan McFall, Johnsen, Sophie Providoli, It's, you've, haven't, Philippe Curdy, Romain Andenmatten, Spain's, Emilio Morenatti, Paul HANNY, Ötzi, Andenmatten Organizations: Service, . Business, Business, AP, Johnsen Archaeologists Locations: Swiss, Switzerland, Italy, Valais, Sion, du Valais, Zermatt, Germany, Aosta, Russia, Vilanova, Sau, Catalonia, Spain, Florida, Austria

☆ Artist Yves Klein’s unusual nude performance restaged decades after artist’s death
▼ + stars: | 2024-05-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

CNN —Twice a week this spring, a nude performance artist sits inside a small wooden box in a New York gallery waiting to be touched. Courtesy Lévy Gorvy DayanVisitors to Lévy Gorvy Dayan on New York's Upper East Side can interact with the sculpture and performance artist inside during twice-weekly performances this spring. “Yves Klein: The Tangible World” brings together many of the artist’s lesser-seen works. “I wanted to show Yves Klein’s love for the body, and the aliveness that the body represents,” said Dominique Lévy, a co-founder of the gallery, which represents Klein’s estate. “He’s the first artist to really incorporate performance as an artistic act and as a practice,” Lévy said.

Persons: ‘, Yves Klein, ”, “, —, “ Yves Klein, Gorvy Dayan, Klein, Dominique Lévy, Lévy Gorvy Dayan, Julian Rigg, Yves Klein’s, ” Klein, ” Lévy, ” Hugo Alexander, Rose, he’s, ” Krause, Lévy, Alexander Organizations: CNN, Lévy Gorvy Dayan Visitors, Artists Rights Society, Marina, Museum of Modern Art, School of Visual Arts Locations: New York, French, New, ADAGP, Paris

☆ Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up.
▼ + stars: | 2024-04-24 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Kering predicts a 45% drop in its first half-year operating income because of Asia's consumer slowdown. Gucci, Kering's largest brand, suffered an 18% revenue decline, with a sharp drop in Asia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In earnings on Tuesday, the company warned that recurring operating income for the first half of the year will decline up to 45%, compared to the first half of 2023.

Persons: Kering's, —, Gucci, Yves Saint Laurent Organizations: Kering's, Service, Business Locations: Asia, China

Those are some of the most fascinating items found in lost luggage in 2023, according to a new report by Unclaimed Baggage, a store that buys lost items from airlines, sight unseen. The company has long-term contracts to buy unclaimed items from airlines, as well as hotels, trains and rental car companies. Unclaimed Baggage opened a "Found Treasures" museum in Scottsboro, Alabama, in 2023 to showcase the oddest items acquired through the years. Then he found them at Unclaimed Baggage and brought them back to her." Source: Unclaimed Baggage

Persons: Richard Nixon, Louis, Bryan Owens, Cartier, Owens, Owen's, Doyle Owens, Doyle, There's, … we're, Owen, Louis Vuitton, —, …, Jimmy Choo, Yves Saint Laurent —, it's, they've, David Bowie Organizations: Louis Vuitton Nike Air Force, CNBC Travel, Rolex Locations: Scottsboro , Alabama, Scottsboro, America, West Coast, Atlanta

☆ A 26-year-old Texas man took pictures of Delta passengers' tickets to sneak onto a flight, prosecutors say
▼ + stars: | 2024-03-21 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

A man was arrested after boarding a Delta flight in Utah using a photo of another passenger's ticket. This is at least the third instance this year of passengers boarding planes without valid tickets. AdvertisementA man was arrested in Salt Lake City on Sunday after boarding a Delta Air Lines flight without his own ticket. He got on the plane by using a photo of another passenger's boarding pass, prosecutors say. He got on the flight "using his phone as a boarding pass," court documents said.

Persons: —, Wicliff Yves Fleurizard, Fleurizard Organizations: Delta, Service, Delta Air Lines, American Airlines, FBI, Southwest Airlines, USA Locations: Utah, Texas, Salt Lake City, Nashville, Los Angeles, Copenhagen, London, Lake

Tokyo, Japan CNN —Tokyo Fashion Week concluded perhaps its most successful edition since the Covid-19 pandemic, with more international guests and buyers returning to Japan’s capital for the Fall-Winter 2024 edition. Up-and-coming labels were joined on the program by mainstays of Japanese fashion, like Mikio Sakabe. “Every person in Japan has their own style.”Scroll down for some of the best street style looks from Tokyo Fashion Week. Moeri Karasawa/CNNAttendee Bunta Shimizu wearing a colorful outfit at Tokyo Fashion Week on Thursday. Matt Jelonek/Getty ImagesGuests in eye-catching looks on the fourth day of Tokyo Fashion Week.

Persons: —, Yohji Yamamoto, Issey Miyake, Hanae Mori, Yu Masui, “, ”, Christopher Kane, Uniqlo, Natsumi Maso, Ryu Kobayashi, Soga Takahashi, Moeri Karasawa, CNN Ryu Kobayashi, Marc Jacobs, ” Kobayashi, Bunta Shimizu, Matt Jelonek, Ui, Yves Saint Laurent, Daisuke Fujii’s, Himari Semans, Daisuke Fujii, Sena, Karasawa, CNN Daikokudou Nero, Justin Shin, Yu, Ashley Williams, Reishito, Bill Whitten Organizations: Japan CNN, Tokyo, Tokyo Fashion, CNN Locations: Tokyo, Japan, Russia, “, Osaka, Himari

☆ A French Castle Filled With a Collector’s Treasures
▼ + stars: | 2024-03-15 | by ( Aimee Farrell | ) www.nytimes.com time to read: +1 min

When the French gallerist Yves Gastou bought the Ermitage de Douce-amie — or refuge of a sweet friend — a follylike crenelated castle on the outskirts of Biarritz in southwest France, in 1990, it had the air of a place frozen in time. Hidden within a forest of bamboo and pine, bay and oak trees, the 5,380-square-foot house was built in 1900 as a retirement home for a member of the imperial court of Napoleon III, or so Gastou believed. The house had changed hands only a few times since: The woman from whom he purchased it was among the last ladies in Biarritz to travel by horse and cart. The hermitage was his summer hideaway, a place for monthslong vacations with family and friends. And if his Paris home was an expression of his appetite for modernity — it epitomized his eclectic tastes, with Cubist midcentury furniture by the French sculptor Philippe Hiquily and acrylic 1980s-era pieces by the Japanese designer Shiro Kuramata — the castle offered a retreat into the past.

Persons: Yves Gastou, Douce, amie —, —, Napoleon III, Gastou, Philippe Hiquily, Shiro Kuramata Locations: Biarritz, France, Carcassonne, Limoux, Paris, French

☆ Philippe de Gaulle, Admiral and Son of Charles de Gaulle, Dies at 102
▼ + stars: | 2024-03-13 | by ( Adam Nossiter | ) www.nytimes.com time to read: +1 min

Adm. Philippe de Gaulle, the oldest child of the French wartime leader and former president Charles de Gaulle, died on Wednesday in Paris. His death was confirmed by the Élysée Palace, the seat of the French presidency. His son Yves told the newspaper Le Figaro that he died “on the night of Tuesday to Wednesday” at the Institution Nationale des Invalides, the historic French veterans hospital in central Paris. The French Navy’s official Twitter account said Admiral de Gaulle died on Wednesday. Admiral de Gaulle spent his life in the shadow of his father, France’s wartime savior and the founder of its Fifth Republic, despite his own illustrious record in the French Resistance and his distinguished military career afterward.

Persons: Philippe de Gaulle, Charles de Gaulle, Yves, Le Figaro, “, de Gaulle, Admiral de Gaulle Organizations: des, French, Fifth, Resistance, Palais Bourbon Locations: Paris, Fifth Republic

☆ Breasts, Breasts, Everywhere
▼ + stars: | 2024-02-28 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

That’s all I could think when yet another Saint Laurent model appeared wearing what was essentially a nylon stocking transformed into a dress. Of the 48 looks teetering out on needle-sharp stilettos in the Saint Laurent show, only 12 didn’t have breasts front and center (and of those 12, three were minidresses with their own built-in garter belts to attach to the stockings below). Forget about the practicality of making a pantyhose dress, or the question of who would want to wear it in the first place. Maybe at one point, when Yves Saint Laurent was first pushing boundaries and making a sheer blouse back in 1966, so much visible skin was a shocking, subversive thing in public or on a fashion runway. Maybe in the beginning it was empowering: an escape from the prison of old mores and outdated gender rules.

Persons: Laurent, Saint Laurent, Yves Saint Laurent

☆ Smell the Music: Inviting a Perfumer Into the Concert Hall
▼ + stars: | 2024-02-23 | by ( Joshua Barone | ) www.nytimes.com time to read: +1 min

It was time to smell Scriabin’s “Prometheus: The Poem of Fire.”This music, from 1910, has an element of synesthesia in its score, which calls for a color organ — a keyboard instrument that projects lights of a dozen hues — along with a full orchestra, a piano soloist and a choir. But in October at Davies Symphony Hall, the home of the San Francisco Symphony, the piece was being prepared with an additional sense in mind. Onstage, the pianist Jean-Yves Thibaudet practiced his solo part in “Prometheus,” which the San Francisco Symphony will perform March 1 through 3, while the conductor Esa-Pekka Salonen listened attentively to the wooden vortexes as they were being tested; the sound they made while emitting smoke, he noticed, was nearly a G.Mathilde Laurent, Cartier’s longtime perfumer, who had designed the scents, double-checked notes on her iPad. For this day’s test, without the orchestra, she wanted to be sure the diffusers were timed to match the music. So they were going to play a recording overhead.

Persons: Jean, Yves Thibaudet, Pekka Salonen, attentively, Mathilde Laurent, Cartier’s, perfumer Organizations: Davies Symphony Hall, San Francisco Symphony, San Francisco

☆ Jailed Russian opposition figure Alexey Navalny had long been a thorn in Putin’s side
▼ + stars: | 2024-02-16 | by ( Laura Smith-Spark | Zamira Rahim | ) edition.cnn.com time to read: +13 min

From prison, Navalny denounced Russia’s invasion of Ukraine via social media and encouraged anti-war protests across the country. Navalny was detained and sent to a Russian prison in 2021 after he had returned to Russia from Germany, where he was recovering from Novichok poisoning he blamed on the Russian government. Navalny took up Nemtsov’s mantle, becoming Russia’s most prominent opposition figure. Alexey Navalny was given a suspended sentence and his brother was sentenced to a prison term. Russia launched a new fraud accusation and jail threat against Navalny at the end of 2020, increasing pressure on him.

Persons: CNN — Alexey Navalny, Vladimir Putin, Navalny, Alexei Navalny, Dmitry Lovetsky, “, Putin, ”, Kira Yarmysh, Dmitry Peskov, Alexander Litvinenko, Novichok, Sergei Skripal, Russia’s, Boris Nemtsov, Alexey Navalny, ‘ Putin, Oleg, Yves Rocher, “ Putin, ” Navalny, Dasha Navalnaya, Margarita Kotova, gaunt, Alexey, –, Putin –, Alexander Nemenov, vociferously, I’m, Yulia Navalnaya Organizations: CNN, United, Kremlin, CNN Former, Getty, Corruption, Navalny, “, Moscow’s, Peoples University, Transneft, Court, of Human Locations: United Russia, Russia, Ukraine, Siberia, Germany, Moscow, CNN Former Russian, Britain, Russian, English, Salisbury, Siberian, Tomsk, Omsk, France, Sweden, Anadolu, Melekhovo, Vladimir Region, Butyn, AFP, Moscow’s

☆ Ivory Coast Seizes 100 Tons of Cocoa at the Border With Guinea
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

That compares with 1,000 CFA francs a kilogram in Ivory Coast, where the price is fixed and guaranteed throughout the year. Global cocoa prices have hit record highs in recent months amid worries about a bean deficit this season and with concerns growing for the next. Ivory Coast and neighbouring Ghana, the world's second biggest producer, have said smuggling hampers their effort to meet their yearly production target. "This year, despite the high price in both countries compared to Ivory Coast, there is less leakage... People are really finding it hard to get cocoa out of Ivory Coast," said Abel Gbale, a cocoa buyer in Danane, the country's last major town before the borders with Liberia and Guinea. Amadou Konate, a cocoa buyer based in Man, the main city in western Ivory Coast, said cocoa producers earn nothing from smuggling and the middlemen pocket all the money.

Persons: Ivory Coast's, Yves Brahima Kone, Kone, Abel Gbale, Amadou Konate, Ange Aboa, Anait Miridzhanian, Bate Felix, Frances Kerry Organizations: Ivory, Cocoa Council, CFA, Reuters Locations: ABIDJAN, Guinea, West African, Liberia, Ivory Coast's, Ivory Coast, Sipilou, Ghana, Danane

☆ NATO: Higher defense spending is no magic bullet after Trump’s attack
▼ + stars: | 2024-02-15 | by ( Luke Mcgee | ) edition.cnn.com time to read: +7 min

It’s first worth noting which countries have most dramatically increased their defense spending since the invasion of Ukraine. Yves Herman/ReutersTrump’s well-documented comments about NATO and European defense spending woke them up from that slumber. The example many point to is a deal struck earlier this year between multiple European countries to buy 1,000 Patriot missiles. “Pensions for soldiers are useful, sure, but they are not going to shoot a Russian,” a European security official told CNN. But it will be worth it, if countries don’t get bored and work together.

Persons: Donald Trump, ”, don’t, Jens Stoltenberg, It’s, Yves Herman, Reuters Trump’s, Theresa May, Trump, EMMANUEL DUNAND, Malcolm Chalmers, Russia – Organizations: CNN, NATO, Reuters, Patriot, Inter, Officials, New Nato Force Model, Getty, Royal United Services Institute, Pensions, “, Diplomats Locations: Russia, NATO, Europe, Ukraine, Poland, Estonia, Lithuania, Finland, Romania, Hungary, Latvia, Slovakia, America, Germany, AFP, European, France, China

☆ How to recreate the most famous fashion collection of all time? New series ‘The New Look’ dives into Dior
▼ + stars: | 2024-02-14 | by ( Scarlett Harris | ) edition.cnn.com time to read: +5 min

Dior’s unveiling of his “New Look” collection signified the return of Paris as the fashion capital of the world after the Second World War. Roger Do Minh/Apple TV+Apple TV+'s series "The New Look" includes detailed recreations of many of the collection's 70 looks. Somehow they’ll always find a way to create,” Muller Serreau told CNN Style. Set during and in the immediate aftermath of World War II, “The New Look” and its visuals more broadly reflect the austerity of the time. As Dior was still in possession of the look’s fabric, Muller Serreau was able to faithfully recreate the entire ensemble.

Persons: Karen Muller Serreau, Christian Dior’s, ”, Dior’s, Roger Do Minh, Ben Mendelsohn, Pierre Balmain, Thomas Poitevin, Cristóbal Balenciaga, Nuno Lopes, Coco Chanel, Juliette Binoche, Dior, Lucien Lelong, John Malkovich, Chanel’s, ” Chanel, “, they’ll, ” Muller Serreau, Muller, Muller Serreau, Chanel, Yves Saint Laurent, revolutionizing womenswear Organizations: CNN, Apple, Getty Locations: Paris, France, AFP

☆ See what celebrities wore to New York Fashion Week
▼ + stars: | 2024-02-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —New York Fashion Week is back, with celebrities seen sitting front row at shows across Manhattan and Brooklyn and arriving at private parties for luxury houses including Gucci and Yves Saint Laurent. Jamie McCarthy/Getty Images for Christian SirianoJodie Turner-Smith arrives at a private Gucci party. Gilbert Carrasquillo/GC Images/Getty ImagesJessica Chastain at a private Gucci party on Saturday. Dimitrios Kambouris/WireImage/Getty ImagesElliot Page arrives at a private Gucci party. Theo Wargo/Getty Images for NYFW: The ShowsIris Apatow at a private Gucci party on Saturday.

Persons: Gucci, Yves Saint Laurent, Tommy Hilfiger’s, Sofia Richie Grainge, Becky G, Willy Chavarria’s, Sam Smith, Julia Fox, Jessica Chastain, Jodie, Turner Smith, Demi Moore, Elliot Page, Nicola Peltz Beckham, Joe Biden’s, Ashley Biden, Kamala Harris ’, Ella Emhoff, Sophia Bush, J . Smith, Cameron, Philipps, Melanie Lynskey, Alicia Silverstone, Ashlee Simpson, Christian Siriano's, Jamie McCarthy, Christian, Jodie Turner, Smith, Gilbert Carrasquillo, Dascha Polanco, Willy Chavarria's, Roy Rochlin, Debbie Harry, Jason Mendez, Willy Chavarria, Amanda Lepore, Tommy Dorfman, Natasha Lyonne, Annabelle Dexter, Jones, Chanel, Dimitrios Kambouris, Camila Mendes, Ariana Greenblatt, Gilbert Flores, Storm Reid, Jackie Aina, Udo Salters, Cowan, Sarah Desjardins, Christian Cowan, Joel Kim Booster, Anna Wintour, Diane Kruger, Carolina Herrera, Charly Triballeau, Olivia Jade, Noah Beck, Louisa Jacobson, Misty Copeland, Jaimie Alexander, Jason Wu, Molly Ringwald, Helmut Lang, Jed Cullen, Dave Benett, Jeremy O, Harris, Stephanie Hsu, Phillip Lim, Arturo Holmes, Bella Thorne, Theo Wargo, Iris Apatow, Katie Holmes, Ulla Johnson, Manny Carabel, Jemima Kirke, Trullie Organizations: CNN, New York, Central, Brooklyn, Christian, Gucci, Bach, Getty, Harmonie Club, Carolina, Beauty Brooklyn Locations: Manhattan, Brooklyn, AFP, Zsela

4 Kansas extended its home winning streak to 18 games with a 64-61 win over No. Kansas (19-5, 7-4 Big 12) got 14 points from Dajuan Harris, 13 from KJ Adams and 11 from Johnny Furphy. Baylor (17-6, 6-4) was led by Yves Missi with 21 points and Walter with 17. Baylor again trimmed it to a one-possession game at 44-41, but a 9-1 Kansas run opened a double-digit lead. Kansas led by as many as 13 points in the first half before Baylor trimmed it to 34-28 at halftime.

Persons: LAWRENCE, Kan, — Hunter Dickinson, Nicolas Timberlake, Bill Self, “, ”, Scott Drew, “ We've, ” You'll, Patrick, Mahomes, Kevin McCullar, Timberlake, Drew, Dajuan Harris, KJ Adams, Johnny Furphy, that’s, Yves Missi, Walter, ” Dickinson, you've, couldn't, Kevin, Dickinson, We’re Organizations: Baylor, ” Baylor, Chiefs, Jayhawks, Bears, ” Kansas, Kansas, NEXT Baylor, Oklahoma, Texas Tech, AP Locations: Kansas, ” Kansas, Allen Fieldhouse . Kansas, ”, Houston, . Kansas, Oklahoma . Kansas

☆ Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that
▼ + stars: | 2024-02-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments. The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly , have said supply woes likely won't go away anytime soon, as the popularity of those medicines continues to soar. Some Wall Street analysts project that the weight loss drug market could be worth $100 billion by the end of the decade. But both Novo Nordisk and Eli Lilly gave updates on positive supply developments to investors over the last week. Other forms of weight loss drugs could helpAlternative forms of weight loss drugs could also help alleviate supply constraints in the future.

Persons: Victoria Klesty, Eli Lilly, Cantor Fitzgerald, Louise Chen, Nordisk's Wegovy, Eli Lilly's Zepbound, Goldman Sachs, Jeff Friedman, Novo, Mike Segar, Eli, Catalent, Yves Herman Yves Herman, TD Cowen, Michael Nedelcovych, Anat Ashkenazi, Cantor Fitzgerald's Chen, Morgan Stanley, Eli Lilly's, George Frey Organizations: Novo Nordisk, CNBC, Nordisk's, University of Florida, Pfizer, AstraZeneca, Roche, Food, Nordisk, Company, FDA, Novo Holdings, Wegovy, REUTERS, Reuters, U.S Locations: Oslo, Norway, Novo, U.S, Branchburg , New Jersey, Brussels, Belgium, Catalent, Concord , North Carolina, North, Germany, Indiana, Denmark, France

☆ Taylor Swift's bad fashion isn't bad taste. It's strategy.
▼ + stars: | 2024-02-10 | by ( Savannah Bradley | ) www.businessinsider.com time to read: +8 min

AdvertisementIn December, Taylor Swift — Time's Person of the Year — glittered in front of the camera in a black bodysuit, a floor-skimming chenille dress, and a studded bustier gown. Crafting Swift's public imageThe Swiftian brand philosophy revolves around one essential idea: Taylor Swift is everyone's best friend. These choices are attainable, predictable, and unthreatening — purchases made by your best friend during a mall shopping spree. Lauren Sherman , Fashion Correspondent at Puck News , astutely labeled Swift's style as "Anthropologie Gone Wild" — mismatched, outdated, pedestrian, but instinctual. He's been running his own fashion brand for 20 years .

Persons: Taylor Swift, —, inoffensive, Swift, Jean Paul Gaultier, She's, doesn't, J, Lauren Sherman, astutely, Sherman, Swift's, Joseph Cassell Falconer, bedazzled Zuhair Murad bodysuits, Cookie Cohen, Taylor, Cohen, Yves Saint Laurent, they're, Kevin Mazur, Pharrell, Louis Vuitton, Rihanna, He's, Angelina Jolie Organizations: Service, Chiefs, Balmain, Urban Outfitters, Fashion, Puck, Swift, The New York Times, MTV Locations: Zara

☆ Qube and Renaissance have started 2024 with a bang. Here's how quant funds did in January.
▼ + stars: | 2024-02-08 | by ( Bradley Saacks | ) www.businessinsider.com time to read: 1 min

Quant funds, including Qube and Renaissance Technologies, have started strong in 2024. Under-the-radar Qube Research and Technologies started its encore to its stellar 2023. The largest fund at the $14 billion quant manager was up roughly 10% in January, sources familiar told Business Insider. The London-based manager run by CEO Pierre-Yves Morlat and CIO Laurent Laizet led the way in what was generally a strong month for quant funds. According to Hedge Fund Research, the average systematic fund betting on equities made 1.8% in January, besting the S&P 500 and the average hedge fund, which were up 1.6% and 0.2%, respectively.

Persons: Man, Pierre, Yves Morlat, Laurent Laizet Organizations: Renaissance Technologies, AHL, Research, Technologies, Business, Hedge Fund Research Locations: London

☆ The Boeing 737 Max blowout has sparked a rare wave of public criticism from airline CEOs and the FAA, with harsh words flying about its quality control
▼ + stars: | 2024-02-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

Airline CEOs have criticized Boeing in the wake of the Alaska Airlines blowout. AdvertisementThe Alaska Airlines blowout in January has subjected Boeing to a torrent of criticism from airline executives. AdvertisementFrom Boeing's biggest customer to regulators' strong words, the incident has sparked a wave of public criticism, a rarity in the aviation sector. AdvertisementAs the FAA increased its oversight of Boeing's production line, Administrator Mike Whitaker said: "The quality-assurance issues we have seen are unacceptable." Pete Buttigieg, the transportation secretary, backed the FAA's actions, saying it "is holding Boeing accountable for its production quality problems."

Persons: —, Stan Deal, Scott Kirby, United Airlines Scott Kirby, Brian Snyder United, didn't, Max, Kirby, Ben Minicucci, Minicucci, Michael O'Leary, Ryanair Michael O'Leary, Yves Herman Ireland, O'Leary, Dave Calhoun, Tim Clark, they've, Clark, Mike Whitaker, Pete Buttigieg, Win McNamee, Donald Trump, Whitaker Organizations: Boeing, Alaska Airlines, FAA, Service, Street Journal, Airplanes, United Airlines, REUTERS, CNBC, NBC, Ryanair, Financial Times, Airbus, Emirates, Transportation, Max, Federal Aviation Administration Locations: Alaska

☆ Protesting farmers hurl eggs and clog streets with tractors as EU summit begins
▼ + stars: | 2024-02-01 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +3 min

Demonstrators rolled into Brussels in their tractors in the early morning hours before gathering outside the European Parliament where the summit was being held, blaring horns, hurling eggs and sparking fires. A handful of tractors had been parked near the EU Parliament all week before convoys from across the country converged on Thursday morning. Hatim Kaghat/Belga/AFP/Getty ImagesThere were chaotic scenes outside the European Union headquarters as a key meeting on aid to Ukraine got underway. We need to make sure that our farmers can be a partner in this,” De Croo said on arrival at the summit. In France, protesting farmers continue their roadblocks outside of Paris and near the cities of Lyon and Toulouse.

Persons: Hatim, Yves Herman, Alexander De Croo, De Croo Organizations: CNN, European Union, Ukraine, ” Police, Reuters, EU, Farmers, Belgian, BFMTV, European Commission Locations: Brussels, Belgian, AFP, Ukraine, Italy, Spain, Romania, Poland, Germany, Portugal, Netherlands, Greece, Thessaloniki, France, Paris, Lyon, Toulouse

☆ 5 Takeaways From the Sotheby’s Art Fraud Trial
▼ + stars: | 2024-01-31 | by ( Graham Bowley | Colin Moynihan | ) www.nytimes.com time to read: 1 min

Over the course of three weeks, the art world watched as a Russian oligarch pursued a lawsuit in an American court in which he accused Sotheby’s of abetting a fraud. Sotheby’s, he said, was in on it. But after only a few hours of deliberation on Tuesday, the jury found differently, voting unanimously that Sotheby’s had not played a role in any fraud. The dealer, Yves Bouvier, who was not a defendant in the case, said he felt vindicated too. Bouvier has long insisted that he did nothing wrong and that he was always clearly acting as a dealer, free to charge Rybolovlev whatever price the Russian would pay.

Persons: Russian oligarch, Dmitry Rybolovlev, Sotheby’s, Yves Bouvier, Bouvier Locations: Russian, New York, Swiss

☆ Russian billionaire loses Sotheby’s art fraud lawsuit involving ‘Salvator Mundi’
▼ + stars: | 2024-01-31 | by ( Oscar Holland | Reuters | ) edition.cnn.com time to read: +4 min

Among them was the “Salvator Mundi,” which Bouvier bought for $80 million before quickly selling it on to his then-client for $127.5 million. Speaking to CNN in 2021, Bouvier maintained that he had acted as a dealer, not an art adviser, and was thus entitled to mark up prices. The Russian billionaire lost his lawsuit against auction house Sotheby's yesterday. Jeenah Moon/Bloomberg/Getty ImagesThe case has been among the highest-profile art fraud disputes in recent years, offering a view into an often-secretive industry where wealthy buyers sometimes don’t know who they are buying from. Rybolovlev was allowed to sue over “Salvator Mundi” even though his ownership had proven unusually profitable.

Persons: oligarch Dmitry Rybolovlev, Rybolovlev, Sotheby’s, Yves Bouvier, “ Salvator Mundi, Leonardo da Vinci, Bouvier, Salvator Mundi, Dmitry Rybolovlev, Daniel Kornstein, Sotheby’s “, ” Sotheby’s, Jesse Furman, Leonardo, Gustav Klimt, Rene Magritte, Amedeo Modigliani, Furman, Pablo Picasso, Auguste Rodin, Henri de Toulouse, Lautrec, ” Organizations: CNN, Forbes, AS Monaco soccer, Bloomberg, Getty Locations: Swiss, New York, Russian, Switzerland, Singapore, Monaco, Hong Kong, Manhattan

☆ Jury Finds Sotheby’s Did Not Help in Any Fraud of Russian Oligarch
▼ + stars: | 2024-01-30 | by ( Graham Bowley | ) www.nytimes.com time to read: +1 min

A jury in a civil trial in New York decided in favor of Sotheby’s on Tuesday, rejecting a Russian oligarch’s claim that the auction house had helped a Swiss dealer who he said defrauded him out of tens of millions of dollars in high-end art sales. The oligarch, Dmitry Rybolovlev, had accused Sotheby’s of being in on a plot in which, he said, the dealer Yves Bouvier posed as an art adviser negotiating sales on Rybolovlev’s behalf when, in reality, he was secretly acting as an art dealer, buying works at Sotheby’s before flipping them to his client. In the resales, Bouvier at times increased the prices by tens of millions of dollars. Whatever the dealer did with the art after he bought it was none of the auction house’s business, the Sotheby’s lawyers had argued. If anyone were to blame for buying overpriced art, it was Rybolovlev himself, according to Sotheby’s lawyers, who said the Russian businessman was at fault for not protecting himself against the dealer’s actions.

Persons: Dmitry Rybolovlev, Yves Bouvier, Bouvier, Rybolovlev Locations: New York, Sotheby’s, Swiss, Russian

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