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Swiss authorities are investigating a series of bizarre deposits.Investigators in Geneva are trying to understand why two Spanish women flushed roughly �100,000 (0,000) down toilets at a UBS bank branch and three nearby restaurants.Vincent Derouand of the Geneva Prosecutors' Office said the first incident involving cut-up �500 bills occurred in May.Security camera footage led investigators to the two Spanish women. Derouand said that a lawyer for the women confirmed the cash belonged to them."It may be illegal [cash] and they tried to get rid of it," Derouand said. "We have to check where the money is coming from."Derouand declined to identify the women."This is a strange story," he said. "It does not happen often."UBS declined to comment on the cash found at the Geneva branch, citing the ongoing investigation.The European Central Bank plans to kill off the �500 note next year because of concerns that it "could facilitate illicit activities."Europe's top law enforcement agency says the note (worth about 0) is often used by money launderers because of its unusually large denomination and portability. Plus, using cash helps criminals keep transactions and savings anonymous.In a 2015 report, Europol said cash was still the "instrument of choice" for terrorists and �500 bills were in high demand.Switzerland was long known for banking privacy laws that made it possible for banks to refuse to hand over their customers' data to authorities.But in recent years the country has agreed to start sharing financial information with outsiders, including the European Union and the U.S. 1610
STEAMBOAT SPRINGS, Colo. – Hig Roberts, a decorated Alpine skier, has come out as gay.The two-time U.S. national champion joins a small group of LGBTQ skiers who have come out publicly in a sport that The New York Times describes as “closed and clubby.” That includes freestyle skier Gus Kenworthy, who revealed he is gay on ESPN in 2015.This makes the 29-year-old the first current or former male Alpine skier of his caliber to come out publicly in Alpine skiing, The Times reports.In an interview with The Times, Roberts said Alpine skiing has a hyper-masculine vibe and he was pressured to conform. He said that eventually, not being able to be openly gay as a professional athlete was hindering his performance.Roberts, who grew up in Steamboat Springs, Colorado, retired from skiing in March 2019 and moved to Norway to work in finance, but has since moved back to the U.S.He told The Times that he decided to come out in part to inspire young skiers and to let them know they can compete at the highest levels no matter their sexuality.Throughout his career, Roberts made 31 World Cup starts, competed for the U.S. Ski team and won two national titles. He never got the opportunity to compete in the Olympics, but he was the first alternate in the 2018 Pyeongchang, according to Out Magazine.Still, Roberts told the magazine that he hopes to get involved with Olympic athletes in the future to foster spaces where athletes are comfortable to be themselves, while still working to be the best in their sports. 1522
Tara Batista spent a week in the hospital after visiting one of her favorite spas for a pedicure. Now she's tethered to a picc line for six weeks and under the daily care of a home health nurse.Batista, who sings at Puerto Rican festivals, says the ordeal has turned her life upside down emotionally, physically and economically.Tampa-based WFTS asked if there was anything different about this pedicure and Batista said she told the woman working on her feet to ease up a bit because it felt like the instruments were digging too far into her skin.Batista says she began to feel weak hours after leaving Nail Image in Tampa. By the next day she experienced extreme fatigue and pains began shooting up her leg.A day and a half later family members drove Batista to the emergency room when part of her foot turned black and she could not stand on her left leg. Doctors diagnosed her with a severe infection. Batista underwent surgery and remained in the hospital for a week. WFTS obtained her medical records which cite a deep injury triggered by a bacterial infection on her left big toe.WFTS took the hospital report to Nail Image along with the receipt from her pedicure. The owner refused to comment. There is no conclusive proof that the pedicure caused the infection.Lee Timberlake instructs students at the Artistic Nails and Beauty academy in Tampa. She spends 155 hours of a 240 hour curriculum teaching sanitizing and disinfecting procedures.Timberlake who has taught nail technicians for 10 years says instruments should be scrubbed then placed into a disinfectant between every customer. Shortcuts can lead to injury. 1656
Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531
Syracuse University has suspended a professional fraternity after video footage surfaced showing members exhibiting "extremely racist" behavior, according to the university's chancellor.Videos purport to show members of Theta Tau, an engineering fraternity, repeatedly using racial slurs and simulating sex acts.Chancellor Kent Syverud called the behavior "offensive" in a statement to the campus community Wednesday. 425
