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☆ This type of ETF offers portfolio income along with some complexity. How to determine if it’s right for you
▼ + stars: | 2024-02-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

These so-called derivative income funds — which include popular covered-call offerings such as the JPMorgan Equity Premium Income ETF (JEPI) — gathered $22 billion in flows last year , according to Morningstar. "I don't see volatility drying up, especially with where inflation is and this being an election year," said Barry Martin, portfolio manager of the Shelton Equity Income Fund (EQTIX) . "Instead of owning a covered call fund, you can buy a dividend fund that's paying 3% in dividend income," said John Rekenthaler, vice president, research at Morningstar. Be tax conscious: Derivative income funds can bring tax complexity because they can spin out income that's subject to short-term capital gains treatment. Comparison shop: Morningstar labels covered call funds and their ilk as "derivative income funds," but each offering will have its quirks, and this could affect its risk-return profile.

Persons: —, Rob Schultz, JEPI, there's, Barry Martin, EQTIX, Martin, Schultz, Ashton Lawrence, Lawrence, John Rekenthaler Organizations: JPMorgan, Shelton, Income, CFP, Mariner Wealth Advisors, Investors, Morningstar Locations: Encino , California, Greenville , South Carolina

☆ Southern California neighborhoods that attract the rich and famous are also some of the hardest-hit areas during major storms
▼ + stars: | 2024-02-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs an atmospheric river pounds Southern California with a historic deluge of rain, some of the hardest-hit areas also happen to be among the most desirable zip codes. Beverly Hills and the Hollywood Hills of Los Angeles were both under flash flood warnings on Monday. AdvertisementFurther from Los Angeles, other areas that draw the wealthy also tend to be at an increased risk of flooding and landslides when huge quantities of rain hit the state. AdvertisementMontecito's fire chief told the Los Angeles Times that this storm could be more intense than the one that hit in January 2023.

Persons: —, Todd, Keki Mingus, I've, Ellen DeGeneres, Prince Harry, Meghan Markle, DeGeneres, David Neels Organizations: Service, Beverly, Hollywood, Beverly Hills, Business, National Weather Service, NWS, Census Bureau, Santa, Los Angeles Times, Bel Air, Studio, KTLA, Associated Press, Montecito Fire, LA Times Locations: Southern California, Beverly Hills, Los Angeles, Hollywood, Santa Monica, Malibu, Pacific, Bel, Studio City, Sherman Oaks, Encino, Topanga, Woodland Hills, City, Montecito, Santa Barbara

☆ Investors piled cash into money market mutual funds in 2023 — and now could see a higher tax bill
▼ + stars: | 2023-12-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say. Investors and institutions have piled $5.84 trillion into money market mutual funds, as of Nov. 29, according to the Investment Company Institute, and many funds are paying well over 5%. "With pennies earned in 2022 on cash assets, the tax bill was negligible," said certified financial planner Robert Schultz, senior partner at NWF Advisory Group in Encino, California. Here's whyWith yields closely tied to the federal funds rate, money market funds — different than money market deposit accounts — are mutual funds that typically invest in shorter-term, lower-credit-risk debt, such as Treasury bills. Many investors are stockpiling money into these funds due to "fear in the stock market" and many are nervous to spend cash, according to CFP Colin Day, an enrolled agent at Correct Capital in St Louis.

Persons: Robert Schultz, Colin Day Organizations: Investment Company Institute, NWF, Finance, Stanford Locations: Encino , California, St Louis

☆ Two former NBA players are convicted over roles in health care fraud
▼ + stars: | 2023-11-15 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Aug 17, 2019; Dallas, TX, USA; Power power forward Glen Davis (0) during the game at the American Airlines Center. Glen Davis, 37, who played for three NBA teams and won a championship in 2008 with the Boston Celtics, was convicted on four counts including wire fraud, health care fraud, conspiring to commit fraud, and conspiring to make false statements. Will Bynum, 40, who played for three teams including the Detroit Pistons, was found guilty of conspiring to make false statements, but acquitted on a fraud conspiracy charge. At least two dozen people including 19 former NBA players, a dentist, a doctor and a chiropractor were implicated in the fraud scheme, with charges first announced in October 2021. Williams, who played with the New Jersey Nets and three other teams, pleaded guilty over his role last year.

Persons: Glen Davis, Jerome Miron, Will Bynum, Damian Williams, Sabrina Shroff, Davis, Victor Henderson, Mr, Bynum, Terrence Williams, Williams, Jonathan Stempel, Stephen Coates Organizations: American Airlines Center, National Basketball Association, NBA, Boston Celtics, Detroit Pistons, U.S, Attorney, Prosecutors, New Jersey Nets, Thomson Locations: Dallas , TX, USA, Manhattan, Beverly Hills, Nevada, Encino , California, New York

LOS ANGELES (AP) — A Los Angeles man was charged Monday with murder for allegedly killing his wife and her parents, then stuffing dismembered body parts into a trash bag, prosecutors announced Monday. “On Nov. 7, Haskell allegedly hired four day-laborers to take away several heavy black plastic trash bags from his home in Tarzana," the statement said. ”One of the laborers opened one of the bags and allegedly observed human body parts. However, they haven't been officially identified, the Los Angeles County medical examiner's department told KNBC-TV. “We suspect that the torso ... is the body of Mei Haskell," Deputy District Attorney Beth Silverman said Monday.

Persons: Samuel Haskell, Joseph Gutierrez, wasn't, Haskell, Mei Li Haskell, Gaoshan Li, Yanxiang Wang, “, haven't, Mei Haskell, Beth Silverman, ”, ” Silverman Organizations: ANGELES, Los Angeles County, Attorney's, Los Locations: Los Angeles, Tarzana, San Fernando Valley, Encino, Los Angeles County

☆ Fugees rapper Pras Michel's ex-lawyer botched his fraud trial by using AI for closing arguments, his new legal team says
▼ + stars: | 2023-10-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

David Kenner, an attorney known for representing Suge Knight, Tupac Shakur, and Snoop Dogg, ran Michel's defense for the trial. AdvertisementAdvertisementBut Michel's new lawyers, a legal team from ArentFox Schiff, now say Kenner botched the defense by using an "experimental artificial intelligence program" to draft his closing arguments. "Michel never had a chance," the ArentFox Schiff team wrote, adding that Michel's legal defense was "deficient throughout." Michel's lawyers said his former publicist told them about Kenner using EyeLevel.AI to write the closing arguments. Kenner and the ArentFox Schiff team did not immediately respond to requests for comment sent outside regular business hours.

Persons: Pras Michel, David Kenner, Kenner, —, Michel, Suge Knight, Tupac Shakur, Snoop Dogg, ArentFox Schiff, Schiff, EyeLevel.AI Organizations: Service, Suge, Kenner, Kenner Law, Daily Locations: Malaysian, EyeLevel.AI, Encino , California, New York City, EyeLevel

A general view of GE Renewable Energy wind turbines, part of Pattern Energy’s Western Spirit Wind project, the largest wind project in the U.S., near Encino, New Mexico, U.S., March 15, 2023. Renewable energy funds globally suffered a net outflow of $1.4 billion in the July-September quarter, the biggest ever quarterly outflow, according to LSEG Lipper data. Reuters GraphicsInvestors have been exiting traditional energy funds, too, but the rate has slowed - net outflows reached $438 million in the last quarter compared with $3.32 billion in the previous three months. Reuters GraphicsDemand for exposure to renewable energy had been a major driver of cash flowing into climate-related funds in recent years. Wind projects off Britain, the Netherlands and Norway have been delayed or shelved due to rising costs and supply chain constraints, raising concerns about countries hitting their 2030 renewable energy targets.

Persons: Bing Guan, Denmark's, Madeline Ruid, Ruid, Morningstar, they're, Rich Pontillo, Patturaja, Tommy Reggiori Wilkes, Simon Jessop, Tomasz Janowski Organizations: GE Renewable Energy, REUTERS, Investors, Reuters Graphics, Companies, U.S . Infrastructure, Clean Energy Exchange, Energy, Reuters, Nasdaq, Intelligence, Thomson Locations: U.S, Encino , New Mexico, BENGALURU, LONDON, Britain, Netherlands, Norway, Bengaluru, London

☆ G20 agrees to pursue tripling renewables capacity but stop short of major goals
▼ + stars: | 2023-09-09 | by ( Shivam Patel | ) www.reuters.com time to read: +3 min

A general view of GE Renewable Energy wind turbines, part of Pattern Energy’s Western Spirit Wind project, the largest wind project in the U.S., near Encino, New Mexico, U.S., March 15, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - G20 leaders on Saturday agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power, but stopped short of setting major climate goals. The world's 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut green house gas emissions and increase renewable energy targets. The declaration adopted by G20 leaders on the first day of the two-day summit in New Delhi did not mention cutting green house emissions. It said member nations "will pursue and encourage efforts to triple renewable energy capacity globally ... in line with national circumstances by 2030."

Persons: Bing Guan, Shivam Patel, YP Rajesh, Kim Coghill Organizations: GE Renewable Energy, REUTERS, Reuters, United Arab, YP, Thomson Locations: U.S, Encino , New Mexico, DELHI, Russia, China, Saudi Arabia, India, New Delhi, United Arab Emirates

☆ Redditors in LA are compiling a list of restaurants that ask customers to pay extra fees as diners grow increasingly frustrated with added charges
▼ + stars: | 2023-08-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Redditors are compiling a list of Los Angeles restaurants that charge diners extra fees on their checks. The additional costs include security charges, service charges, card fees, and "administrative fees." Redditors have begun compiling a list of restaurants in Los Angeles that charge diners additional fees on their checks. The Google Sheets document, which started in r/LosAngeles, has more than 200 entries, with fees including corkage charges, service charges, and credit card fees. Some are a bit more vague, described on their menus or websites as "administrative fees" or "restaurant fees."

Persons: it's, gratuities, Il Organizations: Google, Service, Oceanview Locations: Angeles, Wall, Silicon, Los Angeles, Santa Monica, Hollywood, Venice, Century City, Encino, Manhattan Beach, Lake, Perch, Downtown Los Angeles, Korean, Alhambra

☆ Phil Hartman: 25 years after the actor’s tragic death, his work still resonates
▼ + stars: | 2023-05-28 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Twenty-five years after Phil Hartman’s tragic death, his memorable comedic work still brings joy to audiences. That work included eight seasons on “Saturday Night Live,” where his impressions of Frank Sinatra and President Bill Clinton set a gold standard. (From left) Dennis Miller, Jon Lovitz and Phil Hartman during the 'Weekend Update' segment on "Saturday Night Live" in December 1986. He was the actor [and] entertainer, and then he was the recluse.”“Seeing Phil at The Groundlings was Phil being truly Phil,” she added. In an interview shortly before his death, Hartman reflected on his appreciation for his life and the success he had found.

☆ Offbeat multiverse movie 'Everything Everywhere' dominates the Oscars
▼ + stars: | 2023-03-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

The movie claimed seven awards overall, including three of the four acting Oscars for stars Michelle Yeoh, Ke Huy Quan and Jamie Lee Curtis. Curtis, who built a career in horror films such as "Halloween," won best supporting actress for playing a frumpy tax agent named Deirdre Beaubeirdre. "The Whale" star Brendan Fraser, known for 1990s roles such as "The Mummy" and "Encino Man," won best actor for playing a severely obese man trying to reconnect with his daughter. "Naatu Naatu," a song from the Indian movie "RRR" that created a viral dance sensation, was honored as best original song. The 95th Academy Awards ceremony was broadcast live on Walt Disney Co's (DIS.N) ABC network.

☆ It's a terrible time to be a sneaker reseller
▼ + stars: | 2023-01-24 | by ( Lois Sakany | ) www.businessinsider.com time to read: +8 min

Adidas' messy breakup with Ye is the latest in a series of complications for sneaker resellers. Sneaker resellers have felt the effects of the end of the stimulus check and the rise of inflation. Sneaker resellers saw a bot crackdownWhile not as lucrative as Nike in the aftermarket, it was easier to buy Yeezys in bulk on Yeezy Supply using bots. The loss of Yeezy sales then combined with Nike's crackdown on bots. I'm working to expand my team to accommodate the online customer, walk-in customer, and sneaker customer," Falcon said.

☆ Allison Holker mourns husband Stephen ‘tWitch’ Boss in new Instagram post: ‘Oh how my heart aches’
▼ + stars: | 2022-12-21 | by ( Becca Wood | ) www.nbcnews.com time to read: +3 min

One week after announcing the death of Stephen “tWitch” Boss, his wife shared her heartbreak Wednesday in a new Instagram post. We miss you so much,” Holker wrote, sharing a photo of the couple together. Boss was pronounced dead just before 11:30 a.m. local time on Dec. 13 in Encino, a Los Angeles County Medical Examiner-Coroner spokesperson said. “Stephen, we love you, we miss you, and I will always save the last dance for you,” Holker said. “Happy anniversary my love @allisonholker #9years,” Boss wrote in a post that included several red heart emojis.

Stephen ‘tWitch’ Boss, the longtime DJ on Ellen DeGeneres’ talk show, has died, according to his wife. Boss was pronounced dead just before 11:30 a.m. local time on Tuesday in Encino, the medical examiner said. Stephen 'tWitch' Boss in 2018. Holker Boss said her husband valued family, friends and community, adding that "leading with love and light was everything to him." Ellen DeGeneres said she was left “heartbroken” by news of Boss’ death, calling him "pure love and light."

☆ Stephen ‘tWitch’ Boss, DJ for ‘Ellen DeGeneres Show,’ dead at 40
▼ + stars: | 2022-12-14 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

CNN —Stephen “tWitch” Boss, the amiable DJ for “Ellen DeGeneres Show” and dancer who rose to fame on “So You Think You Can Dance,” has died, his wife, fellow dancer Allison Holker Boss, confirmed in a statement to CNN. “It is with the heaviest of hearts that I have to share my husband Stephen has left us,” Holker Boss said in a statement. “I have always been that type ‘Don’t tell me what I won’t do,’” Boss said. Literally, we danced and we were together holding hands the very next day,” Holker Boss added. Boss’ final Instagram post on Monday showed him and Holker Boss dancing in front of a Christmas tree.

☆ Megan Fox and Machine Gun Kelly channeling ‘Pam & Tommy’ top the list of celebrity Halloween costumes
▼ + stars: | 2022-10-30 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Some throwbacks to notable ’90s-era celebrities were standouts as the stars stepped out this weekend in costume for their Halloween festivities. One couple acknowledged a pair that came before them, when Megan Fox and Machine Gun Kelly channeled Pamela Anderson and Tommy Lee, respectively, at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday night. Josh Duhamel and Audra Mari at the Casamigos Halloween Party Returns in Beverly Hills on Friday in Beverly Hills, California. at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday. Vanessa Hudgens as Black Swan at the Thriller Night Halloween Party, hosted by Prince Michael Jackson, at the Jackson Family Home in Encino, California on Friday.

☆ Fiul cântăreţului Bobby Brown a murit la 28 de ani
▼ + stars: | 2020-11-19 | by ( ) www.jurnal.md time to read: +1 min

LAPD nu a oferit multe detalii cu privire la circumstanţele în care s-a produs decesul. Brown a fost pronunţat decedat la faţa locului, iar anchetatorii nu cred că este vorba despre un act criminal, a precizat poliţia. Bobbi Kristina Brown, fiica acestuia cu legendara cântăreaţă Whitney Houston, a decedat în 2015, la 22 de ani, după ce a fost găsită în stare de inconştienţă în cada de baie. În urma autopsiei, au fost descoperite mai multe droguri şi medicamente care se eliberează pe bază de reţetă, inclusiv marijuana, alcool şi medicamente sedative sau contra anxietăţii. Cauza morţii a fost stabilită ca fiind ''scufundare în apă asociată cu intoxicaţie cu droguri''.

Persons: Jeff Lee, Lee . Brown, Bobby Brown, Bobbi Kristina Brown, morţii, Whitney, Brown Organizations: White Oak Avenue, Houston, Whitney Houston, Awards Locations: Los Angeles, Beverly Hills

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