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☆ At Ballet Theater, a Thrilling Puck and a Moment to Take Stock
▼ + stars: | 2023-10-30 | by ( Brian Seibert | ) www.nytimes.com time to read: +2 min

Where “The Dream,” a Ballet Theater staple in recent decades, is a reliable showcase for the company’s theatricality, George Balanchine’s “Ballet Imperial,” on the same program, is good for displaying the troupe’s classical chops across its ranks. Unlike New York City Ballet, which has called the work “Tschaikovsky Piano Concerto No. 2” since the 1970s, Ballet Theater doesn’t downplay the imperial Russian associations, using a backdrop of St. Petersburg. That’s a choice that might disturb some viewers, but Ballet Theater’s rendition also had aesthetic problems. De la Nuez goes for it, too.

Persons: George Balanchine’s, ”, That’s, Skylar Brandt, Isabella Boylston, James Whiteside, Alonzo King’s, Alexei Ratmansky’s “, Jason Moran, Robert Rosenwasser, Jim French, Brandt, Calvin Royal III, King, Michael de la, De la Nuez Organizations: Ballet, New York City Ballet, Dnipro ” Locations: St . Petersburg

☆ The stock market is riskier and more volatile than it was in past decades. Here's why.
▼ + stars: | 2023-10-26 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

The S&P 500 has become more volatile in recent years, according to research firm DataTrek. The bigger factor is the massive growth of big tech stocks that make up more and more of the S&P 500. "The S&P 500 has become noticeably more volatile over the last +60 years, but returns have not increased commensurately," DataTrek said in a note published Thursday. AdvertisementAdvertisementHere's why the research firm sees higher risk in the stock market today than in past eras. Unexpected developments hit harderAnother explanation is that the market in recent years has had an outsized reaction to unanticipated developments relative to past eras.

Persons: —, DataTrek, Apollo, Torsten Sløk Organizations: Service, Apple, Microsoft, Nvidia, Tesla, Big Tech, Data, GameStop

The 2020 presidential campaign was underway, and Anthony Pratt was doubling down on Donald J. Trump. Mr. Pratt, the chairman of a multinational paper and packaging company and one of Australia’s richest men, had already paid to join Mr. Trump’s Mar-a-Lago club in Florida. He had also spent top dollar to ring in the new year there while rubbing elbows with the president. And, eager to behold a Trump re-election celebration at the club, he had offered to reach into his pocket once again as Election Day approached. But their relationship — forged over Mr. Trump’s chaotic four years in office — was indeed beneficial for both men and their businesses, new interviews and documents reviewed by The Times show.

Persons: Anthony Pratt, Donald J, Trump, Pratt, Trump’s, Mr, ” Mr, — Organizations: The New York Times, White, The Times Locations: Lago, Florida

☆ In Chloé Show, an Unseen Legacy With Quiet Jewish Roots
▼ + stars: | 2023-10-20 | by ( Vanessa Friedman | Max Lakin | ) www.nytimes.com time to read: +2 min

The exhibition seeks to foreground Aghion at the brand, repositioning Chloé as a historically important fashion name and giving the museum a pop culture edge. Do you think this is a teachable moment about cultural preconceptions, an effort by the museum to reach a new audience, or both? The Jewish Museum has mounted art-historically important exhibitions, though as you say, infrequently about fashion (their first was a buoyant Isaac Mizrahi survey in 2016). It’s rare for one show to focus on a single ready-to-wear brand such as Chloé. Yet that’s what the Jewish Museum is doing, and it suggests that brand has something very important to say.

Persons: Vanessa Friedman, Max Lakin, VANESSA FRIEDMAN Fashion, Isaac Mizrahi, Aghion, — sidelong, “ Ralph Lauren ”, Ralph Lifshitz, FRIEDMAN, Gaby Aghion Organizations: The New York Times, Met, Brooklyn Museum, Fashion Institute of Technology, Jewish Locations: New York, Jewish

☆ Six bull sharks inadvertently made their home on an Australian golf course. Then they vanished
▼ + stars: | 2023-10-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Because Carbrook in Queensland boasted a membership unlike any other golf club on the planet: six resident bull sharks. A new corridor was opened and – sometime during those three temporary windows – six bull sharks glided into uncharted waters. Carbrook Golf Club Shark in the LakeMedia interest boomed, and the club embraced its toothy tenants with vigor. Their extended residence, he argued, sheds new light on just how adaptable bull sharks are. A stay of at least 17 years in low-salinity waters — more than half a bull shark’s lifespan — was unprecedented.

Persons: –, Carbrook’s, ”, Scott Wagstaff, Wagstaff, “ It’s, ” Wagstaff, Peter Gausmann, Lucia, Gausmann, It’s, “, ” Carbrook Organizations: CNN, Courier, Lake Media, Junior Shark Academy, Ruhr University Bochum, Fishery Sciences Locations: Australia, Queensland, Logan, Brisbane, Gold, Carbrook, Lake, Germany, mullets, Africa’s Lake St

Israel responded with a declaration of war and a strong military response in the Gaza Strip, home to 2 million Palestinians. President Joe Biden ordered a U.S. naval carrier strike group to the region after pledging full support to Israel. Biden on Sunday spoke with Benjamin Netanyahu, the Israeli prime minister, and pledged the full support of the U.S., including military assistance. “Geopolitical risks are back in focus amid the attack in Israel on Saturday,” said James Demmert, chief investment officer at Main Street Research. Key data on U.S. inflation is due to be released Wednesday with the producer price index and then Thursday with the consumer price index.

Persons: Joe Biden, Yoav Gallant, Biden, Benjamin Netanyahu, ”, James Demmert, Tony Welch, “ It’s, Dan Swan, Swan, ” Swan, “, Kevin McCarthy Organizations: Israeli, Main, Research, Federal Reserve, Labor Department, Fed, McKinsey, “ Airlines, Rep Locations: Israel, Gaza, U.S, New York, Iran, Saudi Arabia, Syria, Washington

The push into Iowa highlights the state’s make-or-break status for Mr. DeSantis’s long-shot effort to defeat former President Donald J. Trump. Mr. DeSantis hopes a surprise victory in Iowa’s caucuses, the first voting state of the Republican nominating contest, will make enough voters see that Mr. Trump is beatable — motivating them to quickly rally around Mr. DeSantis as the only candidate able to stop him. About a third of Mr. DeSantis’s campaign staff, including senior political and communications advisers, were informed on Wednesday morning that they would be expected to move into short-term housing in Iowa and work from offices in the state. His campaign now employs 56 people, including four Iowa staff members — a number that will soon grow to nearly two dozen, making Iowa a de facto second headquarters. The relocation completes a monthslong retooling of Mr. DeSantis’s campaign, which was in dire financial straits this summer — with delayed bills and unpaid invoices piling up — and had to do two rounds of mass firings in order to remain solvent.

Persons: Ron DeSantis, redeploying, DeSantis’s, Donald J, Trump, DeSantis, — Organizations: Iowa, Republican, Mr Locations: Florida, Tallahassee, Des Moines, Iowa’s, Iowa

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ London’s Pointe Black ballet school aims to break racial barriers
▼ + stars: | 2023-10-02 | by ( Alishia Abodunde | ) www.reuters.com time to read: +2 min

And classical ballet companies strive for a uniform look especially in works like “Swan Lake,” making it harder for dancers of colour to get hired or promoted. At The Royal Ballet, “we are determined to make our theatre a welcoming and inclusive place for all,” a company spokesperson said. “Dance is for everybody,” noted a spokesperson at The Royal Academy of Dance, whose syllabus is taught worldwide. “Ensuring there is diversity in the dance world is important to everyone at the RAD.”Essel wants to speed up change by disrupting the status quo. And it’s really just about celebrating the person no matter where they come from.”Maya Beale-Springer, a 10-year-old student at Pointe Black and another ballet school, enjoys exploring various styles.

Persons: Sandie Bourne, ”, Essel, “, ” Maya Beale, won’t, ” Essel, Richard Chang, E Wong, Eve Watling Organizations: Britain’s Society for Dance Research, Royal Ballet, The Royal Academy of Dance, Springer, Pointe Black Locations: Asia, South America, Cuba, perm

PARIS (AP) — Valentino took a sentimental journey to Les Beaux-Arts this Sunday, revisiting the prestigious Parisian art school where its founder, Valentino Garavani, was once a student. Dive into the highlights of this Spring/Summer 2024 ready-to-wear collections from Paris, including the end of an era at Alexander McQueen as its lauded designer Sarah Burton presented her final show. Strategically positioned boxes filled with rocks, sand, and earth transformed into platforms for a troupe of sinewy, scantily clad contemporary dancers. Her task had always been titanic – to step into shoes left empty by the enigmatic genius of Lee Alexander McQueen. From the profound artistry of Kate Middleton’s wedding gown – a garment that transcended royal expectations – to her final collection’s poignant motifs, Burton proved her mettle time and again.

Persons: — Valentino, Les, Valentino Garavani, Alexander McQueen, Sarah Burton, VALENTINO, Pierpaolo, pare, Lee Alexander McQueen, Burton, Magdalena Abakanowicz’s, Kate Middleton’s, –, Naomi Campbell, Cate Blanchett, Elle Fanning Organizations: PARIS, Les Beaux, Beaux, Arts Locations: Paris, Polish

The second Republican presidential debate without Donald J. Trump is missing the front-runner’s star power, but the performances of his rivals on Wednesday are still expected to be deeply consequential — forecasting whether the 2024 field of Republicans will consolidate around a single Trump alternative. Ron DeSantis of Florida has been the chief challenger to Mr. Trump. Among those watching at home will be some of the Republican Party’s biggest donors who have so far held out from backing any of the candidates. Major contributors are planning to watch the second debate carefully, according to people in contact with several of them, in order to see who, if anyone, they might rally behind in the coming months. All seven candidates at the debate are facing the dual-track challenge of trying to emerge as a singular rival of Mr. Trump without letting the former president entirely run away with the contest before that happens.

Persons: Donald J, Trump, Ron DeSantis, Ronald Reagan, — Organizations: Gov, Ronald Reagan Presidential, Republican Locations: Florida, New Hampshire, South Carolina, California

☆ Harry Styles, Bjork and celebrating fashion’s rebels
▼ + stars: | 2023-09-25 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +6 min

Bjork wearing a Marjan Pejoski swan dress — complete with egg, laid on the red carpet — to the 2001 Academy Awards in Los Angeles. “Christopher Kane’s amazing neon dresses were made of lace, lingerie and elastic bought at a market in east London,” she explained. Style.com, as a resource, had a huge impact – immediately designers could understand how many people they were reaching,” said Lewin. Those technological shifts had an enormous impact.”The exhibition features clothing and fashion ephemera from the past 30 years. “Same as every other creative industry, changes in the education system and the cost of living have ripple effects on the way designers function within a city like London,” she said.

Persons: Newgen, Tony Blair, ’, Porter, Bjork, Wally Skalij, Rebecca Lewin —, Sarah Mower —, “ Lee McQueen, ”, Lewin, Alexander McQueen, Andy Stagg, Grace Wales Bonner, JW Anderson, Kim Jones, Mary Katrantzou, Duro Olowu, Richard Quinn, Simone Rocha, McQueen’s, Simon Ungless, Lee, Martine Rose, Charles Jeffrey’s, Nasir Mazhar, Harikrishnan Keezhathil Surendran Pillai, HARRI, Daley’s Liverpool, Steven Stokey, Daley, Pejoski, Sam Smith, Harry Styles, Singer Sam Smith, “ Christopher, you’ve, ‘ Organizations: London CNN, London, Los Angeles Times, Vogue, CNN, British Fashion Council, BFC, Ritz, Central Saint Martins, University of Westminster, London College of Fashion, BRIT, Design Museum Locations: British, Britain, Iraq, Los Angeles, London, Central Saint, India, Macedonia, “

☆ Deutsche Bank examined economic data going all the way back to the 1700s and narrowed down the 4 criteria that indicate a recession is coming — and the US economy just triggered the final warning sign
▼ + stars: | 2023-09-24 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

And while 12 months of speculation can seem like a lifetime for investors who just want an answer, it's really only a small moment in economic history. Reid and his team spotted plenty of patterns in all that data, including the common warning signs of a recession. For example, scholars and economists have been tracking recession data in the UK since 1700, while Italy only began tracking recessions in 1980. Reid wrote that black swan events such as geopolitical shocks, natural disasters, and global pandemics happen more often than people think. "And that's before we get on to more traditional causes of recessions, like monetary tightening or speculative bubbles," Reid wrote.

Persons: it's, Jim Reid, Reid, would've, Deutsche Bank Reid Organizations: Deutsche Bank Locations: Canada, France, Germany, Italy, Japan

☆ He was inspired to be a software engineer by a Steve Jobs campus visit—his company just sold for $28 billion
▼ + stars: | 2023-09-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Michael Baum's cybersecurity software company, Splunk, just sold to Cisco for $28 billion. As soon as I saw MacPaint and MacDraw, I knew I had to figure out how this worked," Baum told U.K.-based The Gentleman Magazine in 2022. Baum went on to establish himself as a serial entrepreneur, building and selling multiple software businesses before 2000. When Splunk went public in 2012, it was valued at roughly $1.6 billion. The "inquisitive nature" that drove him to learn more about Jobs' Macintosh computers "continues to drive me today," Baum told The Gentleman Magazine.

Persons: Michael Baum's, Steve Jobs, Baum, Jobs, Drexel, — Rob Das, Erik Swan —, Splunk, refashioned, he's Organizations: Cisco, Drexel University, Gentleman Magazine, BBC, Reuters, Wharton School, University of Pennsylvania, Walt Disney, Yahoo, Jobs, CNBC Locations: Philadelphia, San Francisco, France's Burgundy

☆ Gucci’s new designer Sabato de Sarno makes himself known
▼ + stars: | 2023-09-22 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Yet, if Gucci’s new designer Sabato de Sarno was rattled before he took his bow for the Italian luxury house at Milan fashion week on Friday, he didn’t show it. Where Michele was an overt maximalist with retro references, de Sarno mined the Gucci archive and codes in a more stripped-back way. Oxblood red dominated the collection, inspired by The Savoy hotel in London where Guccio Gucci worked in the late 1800s. The bling was, in fact, a reference to the Marina jewelry collection that appeared in Gucci campaigns in the late 1960s. The rest of the embellished crystal designs were inspired by embroideries de Sarno found on 1960s clutch bags in the Gucci archive.

Persons: Milan, Sabato de Sarno, Alessandro Michele’s, De Sarno, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, Francois, Henri Pinault, Swan, Gucci Ancora ”, ‘, de Sarno, Prada, Gabbana, Valentino, Michele, Jackie, —, Guccio Gucci, Daniele Venturelli, “ Rosso Ancora, ”, Sabato De Sarno, Gucci, Kering, Daria Werbowy, Tom Ford Gucci, embroideries de Sarno Organizations: Milan CNN, Brera, Gucci, Dolce Locations: Milan, ‘, Savoy, London, Naples

Mr. Trump made his comment during a lengthy interview with Kristen Welker, the new moderator of NBC’s “Meet The Press,” broadcast on Sunday morning. His comment about Mr. Meadows could attract new interest. A lawyer for Mr. Meadows did not immediately respond to a request for comment. Both Mr. Meadows and Mr. Trump are among 19 co-defendants in the Fulton County, Ga., indictment brought by the district attorney, Fani T. Willis. “By the way, do you think your former chief of staff, Mark Meadows, is still loyal to you?

Persons: Donald J, Trump, Mark Meadows —, —, ”, Kristen Welker, Jack Smith, Meadows, Fani, Willis, Mark, Ms, Welker Organizations: White House, Press Locations: Georgia, Fulton County ,, Mark Meadows

Former President Donald J. Trump, whose Supreme Court appointments led to the overturning of Roe v. Wade, harshly criticized his top rival in the Republican presidential primary, Gov. Ron DeSantis of Florida, for a six-week abortion ban that he called a “terrible thing.”Mr. Trump issued his broadside — which could turn off socially conservative Republican primary voters, especially in Iowa, where evangelicals are a crucial voting bloc — during an interview with the new host of NBC’s “Meet the Press,” Kristen Welker, that was broadcast on Sunday morning. Asked whether Mr. DeSantis went too far by signing a six-week abortion ban, Mr. Trump replied: “I think what he did is a terrible thing and a terrible mistake.”Since announcing his candidacy last November — just a week after Republicans underperformed expectations in midterm elections shaped by a backlash against the overturning of the abortion ruling — there has been no policy issue on which Mr. Trump has appeared more uncomfortable than on abortion.

Persons: Donald J, Trump, Roe, Wade, Ron DeSantis, Mr, ” Kristen Welker, DeSantis, “, — Organizations: Republican, Gov, Press Locations: Florida, Iowa

The 2024 Executive Power Survey We asked candidates about presidential authority. Here is what they said.

Organizations: Survey

Career civil servants include professional staff across the government who stay on when the presidency changes hands. Portraying federal employees as unaccountable bureaucrats, the Trump team has argued that removing job protections for those who have any influence over policymaking is justified because it is too difficult to fire them. Critics saw the move as a throwback to the corrupt 19th-century patronage system, when all federal jobs were partisan spoils rather than based on merit. Congress ended that system with a series of civil-service laws dating back to the Pendleton Act of 1883. Everett Kelley, national president of the American Federation of Government Employees, described Schedule F as “the most profound undermining of the civil service in our lifetimes.”

Persons: Trump, —, Critics, Everett Kelley Organizations: Trump, American Federation of Government Employees Locations: Pendleton

If President Biden were elected to a second term, he pledged to go to Congress to start any major war but said he believed he was empowered “to direct limited U.S. military operations abroad” without such approval when such strikes served critical American interests. “As president, I have taken great care to ensure that military actions carried out under my command comply with this constitutional framework and that my administration consults with Congress to the greatest extent possible,” he wrote in response to a New York Times survey of presidential candidates about executive power. “I will continue to rigorously apply this framework to any potential actions in the future,” he added. The reply stood in contrast to his answer in 2007, when he was also running for president and, as a senator, adopted a narrower view: “The Constitution is clear: Except in response to an attack or the imminent threat of attack, only Congress may authorize war and the use of force.”

Persons: Biden, “, ” Organizations: New York Times

☆ ‘Killers of the Flower Moon’ and Scorsese’s Bride Like No Other
▼ + stars: | 2023-09-14 | by ( Melena Ryzik | More About Melena Ryzik | ) www.nytimes.com time to read: +1 min

Led by Scorsese, the filmmakers aimed to be scrupulously authentic in the ways they depicted the Osage, down to the threads in their clothing. “Few people in the world could afford that, but they documented their lives and their travel and where they lived so beautifully. By the early 20th century, the Osage were as au courant as Vogue editors. The wedding scene in “Killers of the Flower Moon” is a showstopper, with Mollie Kyle, the bride played by Gladstone, and her bridesmaid sisters in richly embroidered skirts, finger-woven belts and bespoke military coats, complete with brass buttons and braided epaulets. The look is topped off by towering 18-inch hats decorated with French ribbon and festooned with feathers dyed cyan or magenta.

Persons: Scorsese, Jacqueline West, Daniel C, ”, “, ” Swan, Mollie Kyle Organizations: University of Oklahoma, courant, Vogue, Gladstone Locations: New York

TORONTO (AP) — Three generations of a Ukrainian family sit in a van in the documentary “In the Rearview.” They stare straightforward, staggered by all they’ve left behind. “I come from an aristocratic family,” one woman says in the film. The biggest battleground isn’t just a war zone but the home. In recent years, Canada has reckoned with its past treatment of Indigenous people, including heinous sterilization programs and forced-schooling systems. “Coming to New Zealand, being Māori, we don’t see enough of ourselves on screen,” Waititi said.

Persons: ”, “, Maciek Hamela’s van, Um Tae, Lee Byung, Ly’s, ” Ly, Oscar, Les, Alexis Manenti, Cameron Bailey, Waititi, ” Waititi, ” Hollywood’s, ” Andrew Haigh’s “, —, Cord, Jeffrey Wright, Hayao, Miyazaki, Alexander Payne’s “, Paul Giamatti, Da’Vine Joy Randolph, Dominic Sessa —, Agnieszka Holland’s “, Raoul Peck’s “, James Baldwin, –, Melvin, Peck, William Tecumseh Sherman, Garrison Frazier, Jonathan Glazer, Rudolf Höss, Christian Friedel, Hedwig, Sandra Hüller, Glazer, Nikolaj Arcel’s “, Mads Mikkelsen, Jonathan Demme’s, David Byrne, Jake Coyle Organizations: TORONTO, Toronto, America Samoa soccer team, “, Twitter Locations: Ukraine, Seoul, South Korea, Paris, Batiment, France, Canada, America, New Zealand, ” Toronto, Venice, New England, Belarus, Poland, Haitian, North Carolina, Georgia, Auschwitz, Denmark, Jutland Heath

☆ Swan, a French embedded-finance startup, just raised $39.2 million using this 15-slide pitch deck
▼ + stars: | 2023-09-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Paris-based Swan has raised $39.2 million in Series B funding from Lakestar. Founded in 2019, the company offers banking-as-a-service and embedded finance products via an API. The startup will use its new funding to expand into new European markets. Swan, a banking-as-a-service fintech startup, has raised $39.2 million in new funding, which it plans to invest into its expansion into new European markets. Paris-based Swan provides a banking-as-a-service (BaaS) and embedded finance platform allowing companies to offer banking services to their customers.

Persons: Swan Organizations: Carrefour Locations: Paris, Lakestar

Over the past several months, Mr. Trump has kept a close watch on House Republicans’ momentum toward impeaching Mr. Biden. Mr. Trump has talked regularly by phone with members of the ultraconservative House Freedom Caucus and other congressional Republicans who pushed for impeachment, according to a person close to Mr. Trump who was not authorized to publicly discuss the conversations. Mr. Trump has encouraged the effort both privately and publicly. House Republicans are proceeding with the impeachment inquiry without proof that Mr. Biden took official actions as vice president to benefit his son’s financial interests or that he directly profited from his son’s foreign deals. During those conversations, Ms. Stefanik also briefed Mr. Trump on the impeachment inquiry strategy, this person said.

Persons: Trump, Mr, Biden, Greene, Joe Biden, ”, “, Biden’s, Hunter, Elise Stefanik, Stefanik Organizations: Republicans, Caucus, White House, of Justice, Republican Locations: New York

☆ Early Revolut backer Lakestar leads $40 million investment in French fintech startup Swan
▼ + stars: | 2023-09-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. Swan raised the funds in a series B investment led by European venture capital giant Lakestar. Accel, another venture capital firm, previously led Swan's series A round in 2021. "What we had in mind with our co-founders was that it shouldn't be that complex," he told CNBC. Georgia Watson, a principal at Lakestar based in the firm's London office, said the firm had been tracking Swan "for about a year."

Persons: Swan, Nicolas Benady, Benady, Georgia Watson, Watson, Goldman Sachs Organizations: Accel, Swan, CNBC, ABN Amro, ING Group Locations: French, Netherlands, London

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