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I left big city life behind in 2020. I knew I couldn't achieve these goals living in a big city. I'd lived in big cities my whole life, including notoriously unaffordable cities in the world like Toronto, Zurich, and Geneva. I knew I couldn't do this, at least not in the way I wanted to, in a big city. If I want to live in a big city again someday and still have some space around me, I need to plan very carefully.

Persons: I'd, I've, I'm Organizations: Service, Mastercard Locations: Toronto, Zurich, Geneva

☆ 3 students won $700,000 for using AI to translate 2 tweets worth of text from previously unreadable ancient scrolls
▼ + stars: | 2024-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.

Persons: —, Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, …, fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum

☆ Asset manager names one under-the-radar market to buy when times are bad, giving 6 stock picks
▼ + stars: | 2024-02-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"People recommend investing in the Swiss market during uncertain periods – like if you are expecting a recession. "Maybe in a bull market, Swiss equities are not going to be a huge outperformer globally — but they can generate positive returns. But in difficult times, Swiss equities, besides the U.S., is one of the markets to buy," Bänziger said. In her view, Swiss stocks benefit from the strong Swiss franc and a political system that fosters innovation in companies. Meanwhile, Bänziger believes Swiss Prime Site and PSP Swiss Property make good investments among small- and mid-caps, given the opportunities in the Swiss real estate sector.

Persons: Carla Bänziger, Bänziger, Stocks Organizations: U.S . Federal, that's, CNBC Pro, Swiss, State Secretariat, Economic Affairs, Swiss Re, SIX Swiss Exchange, Dow Jones International Real, ABB, Nestle, Roche, Novartis Locations: that's Switzerland, Swiss, Zurich, U.S, Switzerland, Germany, China, Europe

☆ Elon Musk wants to get in on the action to decipher 2,000-year-old papyrus scrolls
▼ + stars: | 2024-02-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is keen to help with efforts to decode 2,000-year-old papyrus scrolls. In a post on X, the billionaire volunteered funds for the Vesuvius Challenge project. Musk told Bloomberg that he was in "favor of civilizational enlightenment." AdvertisementElon Musk wants to help with efforts to decode 2,000-year-old papyrus scrolls. AdvertisementThe Vesuvius Challenge is ongoing since the scrolls have only been partially deciphered.

Persons: Elon Musk, Musk, —, Skip, Nat Friedman, GitHub, Luke Farritor, Youssef Nader, Julian Schilliger Organizations: Bloomberg, Service, Musk Foundation, SpaceX, University of Nebraska, Business Locations: Herculaneum, Mount, Lincoln, Berlin, Swiss, Zurich

☆ First complete passages from ancient Herculaneum scroll decoded
▼ + stars: | 2024-02-07 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —After using artificial intelligence to uncover the first word to be read from an unopened Herculaneum scroll, a team of researchers has revealed several nearly complete passages from the ancient text, giving insight into philosophy from almost 2,000 years ago. The Herculaneum scrolls are hundreds of papyri that survived the eruption of Mount Vesuvius in AD 79. By using computer technology and advanced artificial intelligence, researchers can now analyze the Herculaneum scrolls without unrolling and risking damage to the extremely fragile documents. The first word to be decoded, the Greek word for purple, was detected in October 2023 and can be found within the newly interpreted passages. The charred documents, now referred to as the Herculaneum scrolls, were recovered from a building believed to be the house of Julius Caesar’s father-in-law, according to the University of Kentucky.

Persons: ”, Brent Seales, Luke Farritor, Youssef Nader —, Julian Schilliger, Farritor, Nader, Schilliger, papyrologists, Seales, Julius Caesar’s, Philodemus, “ Philodemus, Roger Macfarlane, Macfarlane, that’s, ” Macfarlane Organizations: CNN, classicists, University of Kentucky, University of Nebraska, Freie University Berlin, ETH Zürich, Institut de France, Brigham Young University Locations: Vesuvius, England, France, Italy, Naples

GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. UBS said it expects to complete the merger of Credit Suisse by the end of the second quarter this year, and the merger of the two banks’ Swiss operations by the end of the third quarter. For the year, UBS took in $77 billion in new assets across its wealth-management and personal and corporate banking segments. Woes at Credit Suisse — before the UBS merger — and the two U.S. banks unsettled global financial markets in 2023. UBS said revenues jumped 35% to nearly $10.9 billion in the fourth quarter.

Persons: —, Sergio Ermotti Organizations: GENEVA, — UBS, Credit Suisse, SIX Group, UBS, U.S . Federal Deposit Insurance Corp, Valley Bank, Signature Bank, Credit Suisse —, — Locations: Swiss, Zurich, United States

☆ Wyndham Clark wins Pebble Beach Pro-Am after just 54 holes as heavy storms cut tournament short
▼ + stars: | 2024-02-05 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —American golfer Wyndham Clark was declared the winner of the AT&T Pebble Beach Pro-Am after just 54 holes on Sunday, as heavy storms over the Monterey Peninsula led organizers to end the tournament early. Yet despite improved forecasts for Monday morning, the result was declared with 18 holes still to play “in accordance with PGA Tour regulations,” according to a statement from the PGA Tour Rules Committee on Sunday night. Fallen portable toilets at Pebble Beach on Sunday. Ryan Sun/APHaving gone six years without a PGA Tour triumph since turning pro, victory marks Clark’s third on the circuit in the space of nine months. Ezra Shaw/Getty ImagesThe tournament is the first on the PGA Tour to be reduced to 54 holes since 2016, when the Zurich Classic of New Orleans was shortened due to similarly inclement weather.

Persons: Wyndham Clark, Clark, Sweden’s Ludvig Åberg, “, Ryan Sun, ” Clark, It’s, Ezra Shaw Organizations: CNN, Reigning, AP, Getty, PGA, Zurich Locations: Monterey, Monterey County, Beach, Orleans, California, Los Angeles

PEBBLE BEACH, Calif. (AP) — The final round of the AT&T Pebble Beach Pro-Am was delayed by at least two hours Sunday as officials braced for more rain on a soggy course and high wind that could cut short the PGA Tour's first “signature event” to 54 holes. Clark would be declared the winner if the final round cannot be completed. Photos You Should See View All 45 ImagesThe final round was to start at 7:45 a.m. PST Sunday. All tournament facilities at Pebble Beach remained closed. Pebble Beach, with a reputation for bad weather, hasn't had a 54-hole winner since Dustin Johnson in 2009.

Persons: Wyndham Clark, Ludvig Aberg, Clark, Gary Young, Rory McIlroy, hasn't, Dustin Johnson, ___ Organizations: PGA, National Weather Service, Zurich Locations: Calif, Pebble, New Orleans

☆ Swiss Hospitality School Closes After Measles Outbreak
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

ZURICH (Reuters) - Switzerland's famed hospitality management school, Ecole Hotelier de Lausanne (EHL), closed its campus in Lausanne on Saturday after cases of measles were discovered among students. "We have been compelled to close the Lausanne campus from Feb. 3 to Feb. 18 inclusive," the school said in a statement posted to its website. The campus is scheduled to reopen on Feb. 19. The university did not reveal how many students were infected by measles, but said they are currently isolated and recovering under medical care. Founded in 1893, EHL has been ranked the number one hospitality management school for the past five years by QS World University Ranking.

Persons: EHL, Noele Illien, Toby Chopra Organizations: Ecole, de Lausanne, QS World Locations: ZURICH, Lausanne

☆ Facebook is still thriving 20 years later. Here’s how
▼ + stars: | 2024-02-03 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Twenty years after its launch, social media giant Facebook continues to show unprecedented staying power after burying early competitors like MySpace and Friendster and establishing a distinct foothold in the burgeoning social media landscape. Daniel Acker/Bloomberg/Getty ImagesStrong social connection was the linchpin of Facebook, differentiating it from other primordial social media sites. MySpace’s monthly active users had trickled down to an estimated 35 million in mid-2011, according to a Comscore report at the time. In contrast, by September of that year, Facebook was seeing almost 800 million monthly active users. In April 2012, the company acquired photo-centric social media platform Instagram for about $1 billion.

Persons: Harvard University undergrad, Mark Zuckerberg, “, ”, Pablo Boczkowski, alums, ” Zuckerberg, Daniel Acker, Justin Timberlake, Friendster’s, Friendster, Boczkowski, Meta’s, ” Boczkowski, WhatsApp, Meta Organizations: New, New York CNN, Harvard University, Facebook, Communication Studies, Northwestern University, Harvard, New York Times, Bloomberg, Getty, MySpace, Swiss Federal Institute of Technology, Google, Meta, Inc, “, TikTok, Twitter Locations: New York, Zurich, India, Brazil, Argentina, Italy

☆ Banks are being rocked again as real estate losses mount
▼ + stars: | 2024-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The regional lender set aside $552 million in the fourth quarter to absorb loan losses, up from $62 million in the previous quarter. The increase was driven partly by expected losses on a loan used to finance an office building, it said. ET as shares in NYCB, as well as other regional banks, suffered sharp losses. Much bigger players are girding themselves for losses linked to commercial real estate. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, is up 23% since a low in late March.

Persons: Thomas Cangemi, Brendan McDermid, Julius Baer, Philipp Rickenbacher, Arnd Wiegmann, Reuters Philip Lawlor, ”, “, ” Lawlor, CNN’s Matt Egan Organizations: London CNN, Credit Suisse, New York Community Bancorp, New York Stock Exchange, Japan’s Aozora Bank, Federal Reserve, ”, CNN, Signa Group, Chrysler, Reuters, Deutsche Bank, Bank, Suisse —, UBS, Wilshire Indexes, KBW Locations: Europe, New York, Tokyo, Zurich, California, Republic, NYCB, Banc, Swiss, Austrian, Switzerland

GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Zurich-based Julius Baer said it was exiting the private debt business and the annual results reflected net credit losses of 606 million Swiss francs (about $702 million) — 586 million francs of which included a loan-loss allowance for unspecified private debt exposure. Photos You Should See View All 45 ImagesShares of Julius Baer were up nearly 6% to 50.02 Swiss francs in midmorning trading Thursday on the SIX Swiss Exchange following the news. Media reports said the bank's troubles were linked to Signa, but Julius Baer didn't specify. The bank announced the exposure to private debt issues in November, comprised of three loans to different entities at a “European conglomerate” active in commercial real estate and luxury retail.

Persons: — Julius Baer, Romeo Lacher, Julius Baer, Philipp Rickenbacher, Nic Dreckmann, Julius Baer didn't Organizations: GENEVA, Signa, SIX Swiss Exchange, Media, Credit Suisse, UBS Locations: Swiss, Austrian, Zurich, Vienna

☆ The global cities with the best quality of life show how dire the affordability crisis is
▼ + stars: | 2024-02-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

AdvertisementLiving in a global city with a high quality of life is increasingly reserved for the wealthiest. The world's most liveable cities — for the wealthyThe rising cost of housing, food, and other household goods is helping worsen the affordability crisis in these cities. Vienna, for example, has kept housing costs remarkably low through its generous social housing system. The average studio apartment in Zurich costs $1.1 million and the average home across the country costs $1.4 million, the Times reported. Like in many American cities, a severe housing shortage in cities like Zurich and Geneva is also contributing to rising home costs.

Persons: —, EIU Organizations: Service, Economist's Intelligence, The New York Times, Times, Swiss Locations: Zurich, Copenhagen, Vienna, Austria Copenhagen, Denmark Melbourne, Australia Sydney, Australia Vancouver, Canada Zurich, Switzerland Geneva, Switzerland, Calgary, Canada, —, Geneva, Singapore, New York, Hong Kong Los Angeles Paris, France Copenhagen, Tel Aviv, Israel, Vancouver, Sydney, Paris

☆ Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
▼ + stars: | 2024-02-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Group Chair Romeo Lacher said he and the board "deeply regret" net credit losses of 606 million Swiss francs ($701 million), well above consensus expectations, which include a loan loss allowance of 586 million francs. Julius Baer in November announced its exposure to the struggling Austrian company, which has been hit by the higher interest rate environment. It further said Thursday it would exit its private debt businesses, winding down its remaining private debt book of 800 million million Swiss francs, 2% of its total loan book. The bank reported net profit attributable to shareholders of 454 million Swiss francs for the full-year 2023, down 52%, with earnings per share of 2.21 francs.

Persons: Julius Baer, Philipp Rickenbacher, Romeo Lacher, Rickenbacher, Nic Dreckmann, Anke Reingen Organizations: Julius Baer Group, Signa, Austrian, CNBC, Swiss, RBC Locations: Zurich, Switzerland, Swiss

☆ A Stunningly Well-Preserved 600-Year-Old Gauntlet Is Found in Switzerland
▼ + stars: | 2024-01-31 | by ( Victor Mather | ) www.nytimes.com time to read: +1 min

With a hearty whoop he tosses aside his prized gauntlets at the blacksmith shop. As he rushes off to a celebratory feast, they sit out of sight in a dark corner. Not too long after, a fire breaks out, the shop is destroyed and the gauntlets are lost for more than 600 years. Demolition work near Kyburg Castle, northeast of Zurich, threatened a site that was known to be the location of a medieval town. “We knew that all the archaeological remains in the ground would be destroyed during this construction work,” said Lorena Burkhardt, the excavation leader.

Persons: “, ”, Lorena Burkhardt Locations: Swiss, Kyburg, Zurich

☆ Frustrated by healthcare's failings, the rich are investing in biotech to live longer and healthier
▼ + stars: | 2024-01-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.

Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich

GENEVA (AP) — Shares of Holcim Ltd. jumped Monday after the Swiss-based cement and building materials company announced plans to spin off its North American unit and list its shares in the U.S.Sunday's announcement of the listing and spinoff comes 15 months after Holcim’s French subsidiary Lafarge pleaded guilty to paying millions of dollars to the Islamic State group to keep a plant open in Syria and agreed to pay about $778 million in penalties in a settlement with U.S. authorities. At the time, the Islamic State group controlled a vast swath of Syrian territory and was engaged in torturing kidnapped Westerners. The listing, which is expected to be completed in the first half of next year, would create a North American unit that is targeting more than $20 billion in net sales by 2030, the company said. Holcim will retain its listing on the Swiss SIX stock exchange. Chairman and CEO Jan Jenisch will lead the North American operations and hand over duties of CEO of Holcim to executive committee member Miljan Gutovic, an Australian national, on May 1.

Persons: Lafarge, Holcim, Jan Jenisch, Miljan Gutovic, Jenisch Organizations: GENEVA, Holcim Ltd, American, Islamic, Islamic State, Swiss SIX, North, SIX Locations: Swiss, U.S, Syria, American, Australian, Zurich, Holcim

☆ Cindy Sherman: Woman of an Uncertain Age
▼ + stars: | 2024-01-24 | by ( Nancy Princenthal | ) www.nytimes.com time to read: +1 min

Femininity was understood to be a cultural construct, a masquerade, and Sherman’s photographs were considered exemplary of this turn. In the following decades, quite independently of the politics swirling around her, Sherman continued to deploy her face and body in fanciful guises that ran the gamut from an Italian Renaissance Madonna to an All-American clown. For all its jangly discontinuities, the current work (all untitled) feels newly grounded. It emerged, Sherman told me, from a creative slump. It clicked.

Persons: Sherman, “ Locations: Italian, New York, Zurich

☆ Did syphilis originate in the Americas? Ancient DNA offers some insight
▼ + stars: | 2024-01-24 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

In France, it was named the “Neapolitan disease” after the French army got infected during its invasion of Naples, Italy, in the first documented syphilis epidemic. A complex disease caused by a complex bacteriumWithout treatment, syphilis can cause physical disfigurement, blindness and mental impairment. Others believe T. pallidum bacteria always had a global distribution but perhaps grew in virulence after initially manifesting as a mild disease. Some bones had marks characteristic of infection with T. pallidum — the bacteria effectively eat away at bones, leaving concave lesions. “The modern tools available for extracting DNA from ancient samples, for enriching the treponemal DNA, and obtaining deep sequencing from samples has rapidly increased our understanding of the Treponema.”

Persons: Christopher Columbus, Treponema pallidum, ”, Brenda J, Baker, Jose Filippini It’s, Molly Zuckerman, wasn’t, ” Zuckerman, “, it’s, Columbus, Europe ’, Sheila A, pallidum, Verena Schünemann, Schünemann, Mathew Beale, Beale, ” Lukehart Organizations: CNN, Research, Arizona State University, Bioarchaeology Laboratories, Mississippi State University, University of Washington, University of Zurich’s Institute of Evolutionary, Wellcome Sanger, Columbus Locations: France, Naples, Italy, Europe, Americas, Brazil, New, Laguna, Santa Catarina, Africa, Columbus, Finland, Estonia, Netherlands, Asia, Cambridge, England

☆ This Swiss auto parts maker's stock could soar by 75%, Vontobel says
▼ + stars: | 2024-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Switzerland-listed car parts manufacturer Autoneum's share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. However, Autoneum's organic sales grew only 7.2%, lagging the broader recovery, according to the car parts maker's full-year revenue results, released Monday. CHF= 1Y line When excluding negative currency effects that lowered sales by 7.2%, Autoneum's 2023 revenue was 2.43 billion Swiss francs, meeting the company's own guidance. In contrast to Vontobel's bullish outlook, Swiss bank UBS has a neutral view of the stock, with a price target of 110 CHF — 10% below the current share price.

Persons: Vontobel, Arben Hasanaj Organizations: BMW, Ford, Renault, Mercedes, GM, Volvo, UBS, — Locations: Switzerland, Zurich, Asia, Swiss

☆ European startups were twice as likely to accept a down round than US counterparts in 2023, new data shows
▼ + stars: | 2024-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Europe's tech startups were twice as likely to accept a reduced valuation in order to raise funds than their US counterparts in 2023, new data shows. Zurich-based Ledgy surveyed 2,500 tech firms across 10 countries for its study and found that by comparison, only 9% of US startups reported a down-round last year. Similarly, smaller firms with fewer than 250 employees were 26% more likely than larger firms to have experienced a valuation cut in the past year, Spirig added. Of the companies surveyed, one in five said they had delayed moves to go public amid tepid macroeconomic conditions, per Ledgy's report. Around a third of respondents indicated that a listing in the US would be their ultimate preference over other destinations, although 72% of UK-based companies surveyed wanted to list in London.

Persons: Yoko Spirig, Spirig Organizations: US, Business, Venture Locations: Europe, Zurich, Germany, Netherlands, Finland, London

A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse Denis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Here are some of takeaways from Davos after our week talking to business leaders and government officials at the conference. Experts see no U.S. recession in 2024Overwhelmingly, economic experts and executives privately said they don't expect a U.S. recession in 2024. China fighting for cashChina's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.

Persons: Denis Balibouse Denis Balibouse, –, —, Donald Trump, Andrew Ross Sorkin, Denis Balibouse, Wyclef Jean, Sam Altman, Altman, Li Qiang, Premier Li Qiang, it's, Li, Ian Bremmer, Bremmer, they're Organizations: Economic, REUTERS, U.S, The New York Times, Wipro, Artificial Intelligence, Reuters, Technology, Recruit Holdings, Premier, Eurasia Group Locations: Davos, Switzerland, Zurich, Swiss, takeaways, U.S, Israel, Gaza, China, India, Beijing

☆ Brazil's Senate Leader Pacheco Says Government to Revoke Payroll Tax Proposal
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Brazilian Senate leader Rodrigo Pacheco said on Friday the government would revoke a proposal it made to phase out the extension of payroll tax exemptions for various labor sectors, yielding to the will of the lawmakers on the matter. Speaking at a Lide Group event in Switzerland, Pacheco said that payroll tax exemption for 17 sectors of the economy until 2027 would remain. "The exemption will stand, and there is a commitment from the federal government to...revoke this provisional measure in the part that concerns the payroll exemption," Pacheco said during a panel session at the event in Zurich. Lawmakers voted to extend payroll tax exemptions for 17 labor sectors until 2027, with an impact of 12 billion reais ($2.44 billion) that had not yet been incorporated into the 2024 budget. The government package, which met with immediate political opposition, proposed reducing and gradually phasing out these benefits.

Persons: Rodrigo Pacheco, Pacheco, we've, Luiz Inacio Lula da Silva, Eduardo Simões, Steven Grattan, Kirsten Donovan Organizations: Reuters, Lawmakers Locations: Switzerland, Zurich

NEW YORK (AP) — Franz Welser-Möst is back on the Cleveland Orchestra's podium, concentrating again on music instead of his health. Political Cartoons View All 253 ImagesWelser-Möst had surgery Sept. 1 to remove a cancerous tumor from his bladder and came back to Cleveland to conduct the orchestra's season opener on Sept. 28. Both are very well now, so there’s every reason to be optimistic.”Welser-Möst has been Cleveland's music director since 2002-03 and has appointed 69 musicians, including 52 of the current 105 members. And in those days, of course, I was like: How on earth is he doing that?”Welser-Möst first conducted the Cleveland Orchestra in 1993 and became music director for the 2002-03 season. On the afternoon of his return concert on Jan. 11, he announced he will retire as music director at the end of 2026-27, his 25th season.

Persons: — Franz Welser, “, George Szell, ”, Verdi's, Möst, André Gremillet, Franz Leopold Maria Möst, Baron Andreas von Bennigsen, Herbert von Karajan, Karajan, Albert Moser, Vienna’s, “ I’d, wasn't, “ I’m, Clive Gillinson, he's, Beethoven's, Strauss, “ I’ve, Riccardo Muti, Gustavo Dudamel Organizations: Cleveland, Cleveland's Severance Music Center, Carnegie Hall, Vienna Philharmonic, Vienna State Opera, Salzburg Festival, Cleveland Orchestra’s, Berlin Philharmonic’s, Karajan, Cleveland Orchestra, Carnegie, ” Carnegie Hall, Chicago Symphony Orchestra, Los Angeles Philharmonic, New York Philharmonic, “ Locations: Austrian, Austria, New York, Naples, West Palm Beach , Florida, Cleveland, Vienna, Linz, Welser, Liechtenstein, Salzburg, Berlin, York, Weimar Republic, Weimar, Zurich, U.S

☆ Premarket stocks: Airline stocks are getting pummeled. Here are four reasons why
▼ + stars: | 2024-01-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.

Persons: New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane

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