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Hong Kong CNN —A Hong Kong court on Saturday sentenced 12 people to between 54 and 82 months in prison over the storming of the city’s legislature council building during a pro-democracy protest in 2019, the city’s public broadcaster RTHK said. RTHK said the defendants were convicted of rioting on July 1, 2019, when a large group of protesters smashed through glass doors and stormed Hong Kong’s legislative council building after weeks of mass demonstrations. Deputy District Court judge Li Chi-ho said the storming of the building represented a challenge to the Hong Kong government and had long-lasting effects on the city, according to RTHK. Two reporters who were previously acquitted of rioting were fined 1,500 Hong Kong dollars ($192) and 1,000 Hong Kong dollars ($128) for entering the legislature, according to RTHK. This is a developing story and will be updated.
Persons: Li Chi, Gregory Wong, Ventus Lau, Owen Chow Organizations: Hong Kong CNN, RTHK, Hong Locations: Hong Kong, Hong
Peter Lancaster in Argentina. Peter Lancaster, 31, was laid off from his technology job in California in May last year. For the next eight months, Peter traveled to eight different countries: Mexico, Colombia, Peru, Argentina, Guatemala, Japan, Ecuador and Brazil. Peter Lancaster Traveler"Especially in a foreign country, use the buddy system," he said. Peter Lancaster at the Courtesy of Peter Lancaster
Persons: Peter Lancaster, Peter, Alejandra, Downside, I'd Organizations: CNBC Locations: Argentina, California, Mexico City, Mexico, Colombia, Peru, Guatemala, Japan, Ecuador, Brazil, Peru —, Cusco, United States
America's first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. The Biden administration has approved six commercial-scale offshore wind energy projects, and auctioned lease areas for offshore wind for the first time off the Pacific and Gulf of Mexico coasts. Ørsted CEO Mads Nipper called the opening a major milestone that proves large offshore wind farms can be built, both in the United States and in other countries with little or no offshore wind energy currently. The first U.S. offshore wind farm was supposed to be a project off the coast of Massachusetts known as Cape Wind. The nation's second large offshore wind farm, Vineyard Wind, is expected to open later this year off the coast of Massachusetts, too.
Persons: Ørsted, Kathy Hochul, Deb Haaland, Biden, Hochul, , ” Hochul, Eversource, Mads Nipper, Equinor, David Hardy, Ørsted . Ørsted, It’s, it’s, Haaland Organizations: Montauk Point , New York . New York Gov, . New York, Fork, Associated Press, Ørsted ., DONG Energy, Danish Oil, Gas, Industry, Copenhagen Infrastructure Partners Locations: Montauk Point , New York ., Gulf of Mexico, . New, York, Rhode Island, Long, United States, New York, Norwegian, Denmark, Germany, U.S, Massachusetts, Avangrid, Copenhagen, AP.org
SpaceX launches third test flight of massive Starship rocket
  + stars: | 2024-03-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpaceX launches third test flight of massive Starship rocketSpaceX launched the third test flight of its Starship rocket on Thursday from its Starbase facility near Boca Chica, Texas. The rocket flew further than previous tests, with the flight lasting about an hour before breaking up above the Indian Ocean.
Organizations: SpaceX Locations: Boca Chica , Texas
“But it could also bring serious risks, including catastrophic risks, that we need to be aware of,” Harris said. First, Gladstone AI said, the most advanced AI systems could be weaponized to inflict potentially irreversible damage. Safety concernsHarris, the Gladstone AI executive, said the “unprecedented level of access” his team had to officials in the public and private sector led to the startling conclusions. Gladstone AI said it spoke to technical and leadership teams from ChatGPT owner OpenAI, Google DeepMind, Facebook parent Meta and Anthropic. Some employees at AI companies are sharing similar concerns in private, according to Gladstone AI.
Persons: Gladstone AI, Jeremie Harris, ” Harris, Robyn Patterson, Joe Biden’s, ” “, ” Patterson, ” Gladstone AI’s, Harris, Gladstone, OpenAI, Geoffrey Hinton, , Hinton, Elon Musk, Lina Khan, , ” Gladstone, AGI, Organizations: New, New York CNN, US State Department, Gladstone, CNN, AIs, Google, Facebook, Gladstone AI’s, , Yale, Summit, Federal Trade, OpenAI, Gladstone AI, Nvidia Locations: New York, , United States, Hinton
Delta-8 THC, or delta-8 tetrahydrocannabinol, is one of more than 100 chemical compounds found in the cannabis sativa plant. That’s at least one or two students in every average-sized high school class who may be using delta-8. Most of the participants were about 17 years old, so the study may not fully represent how many younger teens are using delta-8. There has been a general concern that the number of students using delta-8 has been growing, according to an editorial published Tuesday alongside this study. Calls to America’s Poison Centers about delta-8 products spiked 82% from 2021 to 2022, the group said in a recent report, with 3,358 exposures managed in 2022.
Persons: , Adam Leventhal, “ Dr, Nora Volkow, ” Leventhal, Jennifer Whitehill, Kelly Dunn, Renee Johnson, Harlow et, Scientists don’t, Dr, Sanjay Gupta Organizations: CNN —, USC Institute for Addiction Science, Midwest, National Institute on Drug, University of Massachusetts Amherst, Johns Hopkins University, National Cannabis Industry Association, Scientists, Research, Get CNN, CNN Health, Centers
(Reuters) - Russia remains in a state of combat readiness and is fully ready for a nuclear war, but not "everything is rushing to it" at present, President Vladimir Putin said in remarks published on Wednesday. "From a military-technical point of view, we are, of course, ready," Putin told Rossiya-1 television and news agency RIA in response to a question whether the country was really ready for a nuclear war. The Latest Photos From Ukraine View All 96 Images"Therefore, I don’t think that here everything is rushing to it (nuclear confrontation), but we are ready for this." If the United States conducted nuclear tests, Russia might do the same, he added in the wide-ranging interview. However, Putin said Russia had never faced a need to use nuclear weapons in Ukraine, where the conflict has raged since February 2022.
Persons: Vladimir Putin, Putin, Rossiya, Lidia Kelly, Christopher Cushing, Clarence Fernandez Organizations: Reuters Locations: Russia, Ukraine, United States, Melbourne
At the end of January, the Arizona senator reported holding nearly $10.6 million cash on hand in her campaign account and another $466,000 in her leadership PAC. AdvertisementNow, it's far from clear what will happen to those "resources" — Sinema's campaign did not respond to Business Insider's request for comment last week on the matter. There are a few different ways this could play out if Sinema decides to keep a "zombie PAC" running. Elizabeth Warren and Michael Bennet once introduced a bill to crack down on "zombie PACs." Advertisement"A lot of people use that to stay in the game because a leadership PAC is kind of a slush fund.
Persons: , What's Sen, Kyrsten Sinema, Ruben Gallego, Kari Lake, Sinema, Arizonans, Saurav Ghosh, Ghosh, That's, Republican Sen, Rob Portman, Portman, Matt Dolan, Anna Moneymaker, he's, Kelly Ayotte, who's, Aaron Scherb, it's, She'd, she'd, Democratic Sens, Michael Bennet of Colorado, Elizabeth Warren of, Elizabeth Warren, Michael Bennet, Bill Clark, Bennet, she's, airfare, Jordan Libowitz Organizations: Service, Senate, Democrat, Democratic Rep, Business, Bloomberg, Republican, American Enterprise Institute, US, Republicans, Democratic, Daily Beast, Citizen, Washington, Commission, PAC Locations: Arizona, Ohio, New Hampshire, Elizabeth Warren of Massachusetts, Washington, Europe
The comeback of live event TV continues. ABC’s telecast of the 96th Academy Awards on Sunday drew 19.5 million viewers, hitting a four-year viewership high, according to Nielsen. The live TV audience was up from last year’s 18.8 million, the third consecutive year that Oscar viewership has grown. The ratings report will prompt cheers at ABC and the academy, which bumped the start of the venerable awards ceremony to 7 p.m. Eastern, an hour earlier than usual, in the hopes that more viewers would stick around through the final categories. Jimmy Kimmel also received warm reviews in his fourth outing as host, leaving him one away from matching another late-night star who moonlighted at the Oscars, Johnny Carson.
Persons: “ Barbie ”, “ Oppenheimer, Jimmy Kimmel, Johnny Carson, Nielsen Organizations: Nielsen, ABC
A leading state television channel opened with its host railing against the West and NATO. THE KREMLIN MEDIA DIETThe Kremlin regularly meets with the heads of TV stations to give “special instructions on what can be said on air,” said Ovsyannikova. State television broadcasts dull debates between representatives of Putin's opponents. GRANULES OF TRUTHRussian propaganda is “sophisticated and multifaceted,” said Francis Scarr, a journalist who analyzes Russian television for BBC Monitoring. Even those soothed by the Kremlin’s propaganda also could long for a real choice at the polls.
Persons: Alexei Navalny, Vladimir Putin, Putin, whittle, , PUTIN’S, Anna Politkovskaya, Evan Gershkovich, , Marina Ovsyannikova, Sam Greene, Half, Jade McGlynn, , Francis Scarr, McGlynn, Greene Organizations: West, NATO, NTV, Russia, Center for, Levada, King's College, Putin, State, BBC Monitoring, Kremlin Locations: Ukraine, Russia, State, Victoria, Russian, Crimea, Soviet, Washington, West, Ukrainian, Avdiivka, King's College London, RUSSIAN
That's the message from politicians who are closing in on the required number of votes needed to pass federal legislation that requires AM radios in every new car. The prevalence of AM broadcast radio has dipped in recent decades as more listeners turn to options such as satellite radio and podcasts during drivetime. “The emergency alert system works on the AM spectrum - that's where people get information about emergencies,” said independent Sen. Angus King of Maine. Photos You Should See View All 60 ImagesThe drive to save AM radio comes as some carmakers are phasing the format out. AM radio is also important for highway safety information and storm and weather updates, Collins said.
Persons: , Sen, Angus King of Maine, , King, Republican Maine Sen, Susan Collins, Democratic Sen, Ed Markey, Collins, ” Collins Organizations: Republican Maine, Lawmakers, U.S . House, Representatives, Senate, U.S . Department of Transportation, Democratic, Massachusetts, National Association of Farm Broadcasters Locations: PORTLAND, Maine, America, U.S
A new book sheds light on the lengths Trump's campaign went to find fraud in the 2020 election. Ken Block, a software engineer, revealed he was paid about $750,000 to help conduct the search. Despite the massive payday, Block told BI he disproved many of the fraud claims in minutes. AdvertisementA big business cropped up to help former President Donald Trump try to validate his false claims of voter fraud in the 2020 election, according to someone who was there to profit from it. This story is available exclusively to Business Insider subscribers.
Persons: Ken Block, , Donald Trump Organizations: Block, Service, Business Locations: Arizona , Georgia, Nevada , Michigan , Wisconsin, Pennsylvania
The images and sounds from A24's "Zone of Interest," which has earned a little over $24 million at the global box office, have haunted me since that weekend. AdvertisementUnlike most Holocaust films, Jonathan Glazer, the director of "The Zone of Interest," tells the story from the perpetrators' — and thus the murderers' — perspective. More precisely, he tells the story of Rudolf Höss, the camp commander of Auschwitz, one of the worst criminals of National Socialism. 'Zone of Interest' perfectly captures a life with no loveA still from "The Zone of Interest." Shortly after the meeting, the Höss family once again goes swimming in the river.
Persons: Axel Springer, Mathias Döpfner, Jonathan Glazer, , Palme, Martin Amis, Rudolf Höss, Hedwig Höss, Rudolf, it's Rudolf Höss, Christian Friedel, Sandra Hüller, loveless, Hedwig, It's, Kurt Prüfer, Fritz Sander, Höss, Nora Mattaliano, Glazer, Queen, Mica Levi, resound, Höss strolls, Hannah Arendt, Eichmann Organizations: Service, Höss, Wannsee Conference, Holocaust, Museum Locations: WELT, Cannes, Auschwitz, Erfurt, Euphemistic, Berlin, Polish, Washington
On Friday, the European Union announced it’s opening an emergency maritime aid corridor from Cyprus to Gaza with allies including the US. The day prior, President Joe Biden announced the US Military is planning to build a temporary port along the Gaza coast to try to deliver much-needed humanitarian relief. In 2023, the nonprofit Islamic Relief raised more than $30 million in online donations during Ramadan, according to a spokesman for the organization. The charity, Human Appeal, has provided humanitarian relief in Gaza since 1991, according to Samina Taj, the organization’s associate director of communications. Since the start of the war in Gaza, Taj said their teams have mobilized to try to meet the desperate need for aid.
Persons: Nadia Duwaik, Duwaik, Joe Biden, Israel, Rashid, Dawoud Abo, Jad Shaheen, they’re, , ” Duwaik, she’s, Awrad Saleh, , ” Saleh, Khan, It’s, it’s, Allah, Nasma, Shehadeh, ” Shehadeh, Ashraf Amra, Taj, Ramadan, Noor Traina, Traina Organizations: CNN, Ministry of Health, United Nations, European Union, Military, Dawoud Abo Alkas, Anadolu Agency, Getty, West Bank, Palestinian Children’s Relief, United Nations Agency, Islamic Relief, Islamic, The United Nations Relief, Works Agency for Palestinian Refugees Locations: Israel, Gaza, United, Cyprus, al, Gaza City, Palestinian American, West, Palestine, Khan Yunis, Rafah, Bethlehem, New York, East, Egypt, Washington , DC, Libya
LOS ANGELES (AP) — Mstyslav Chernov’s “20 Days in Mariupol,” a harrowing first-person account of the early days of Russia’s invasion of Ukraine in 2022, won the best documentary Oscar on Sunday night. A joint production of The Associated Press and PBS' “Frontline,” statuettes were awarded to Chernov, producer and editor Michelle Mizner and producer Raney Aronson-Rath. The Oscar — and nomination — was a first for both Chernov, an AP video journalist, and the 178-year-old news organization. “This is the first Oscar in Ukrainian history, and I’m honored,” an emotional Chernov said. Some doctors urged them to film graphic scenes of injured and dead children to show the world what had been done.
Persons: Chernov, Michelle Mizner, Raney Aronson, Rath, Oscar —, , ” Chernov, Evgeniy Maloletka, Vasilisa Stepanenko, , I’d, , Stepanenko, Lori Hinnant, Mariupol ”, Oscar, Volodymyr Zelenskyy, Ben Proudfoot, Kris Bowers, isn’t, Bowers, ___ Organizations: ANGELES, Associated Press, PBS, , Russia, Kharkiv, Russian Locations: Mariupol, Ukraine, Russia, Angeles, russia, ukraine
TULTEPEC, Mexico (AP) — Every year, in the first week of March, hundreds of giant paper-mache bulls stuffed with fireworks are erected in the front yards of the Mexican town of Tultepec. Unlike past occasions, the nighttime lighting of the bulls didn’t take place in the streets of Tultepec, but rather in an open field nearby. One of the best-known workshops is the family-run business, Los Chavitos, which has been producing cardboard figures for fireworks for 15 years. Their figures range from very small bulls to giant ones, to figures of saints and imaginary animals known as alebrijes. The shop also produces “Judas” figures of villains and politicians that are traditionally burned during Easter Week in Mexico.
Persons: nipped, John of God, , Tultepec, ” Francisco Cortes Urbán, Cortes, St, John, Organizations: Locations: TULTEPEC, Mexico, Tultepec, Pamplona, Spain, St, Mexico City
Russian strategists argue its military needs more robust systems to defend against a NATO surprise attack that would come in the form of conventional missile strikes, a warning that comes as NATO conducts a massive exercise near Russia's northern border. How exactly NATO would attack Russia in this scenario is unclear, though the Russian analysts seem to be describing what the US military would call "multi-domain operations." The attack would be preceded by "provocations" to justify a war, as well as the deployment of forces near Russia. This perceived NATO strategy of massive strikes risks compelling Russia to use its nuclear weapons, especially tactical nukes, to defend itself. Ironically, the missile strike that Russian military experts accuse the West of planning is a mirror image of how Russia itself would fight a war.
Persons: , David Petraeus, Cpl, Christopher Hernandez, That's, Julian Waller, Michael Peck Organizations: Service, NATO, TASS, Russian Aerospace Forces, CIA, Army, Marine Corps, US, Corps, Nordic, Kremlin, Russian Air Force, Center for Naval Analyses, West, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Russia's, Ukraine, Andenes, Norway, Finland, Sweden, Barents, Arlington , Virginia, Forbes
The UN warns of 'atrocity crimes' if Israel moves in on Rafah, where over a million are sheltering. Israel has already conducted strikes in Rafah, including one that hit a residential building. AdvertisementThe United Nations warned of increased "atrocity crimes" if Israel moves forward with an assault on Rafah in southern Gaza. "Any ground assault on Rafah would incur massive loss of life and would heighten the risk of further atrocity crimes. In February, Israel conducted a devastating offensive in Rafah as Americans watched the Super Bowl.
Persons: Israel, , Jeremy Laurence, Laurence Organizations: UN, Service, United Nations, UN's, Human Rights, NBC, NBC News, Bowl, The New York Times Locations: Rafah, Israel, Gaza
A U.N. fact-finding mission reporting to the Human Rights Council in Geneva cited as credible estimates that 551 people were killed by security forces, most of them by gunfire, as part of a widespread and systematic crackdown on the protests, which were mostly led by women. The casualties included at least 49 women and 68 children. The Human Rights Council will discuss the report next week. The use of lethal force during largely peaceful protests was unlawful and the deaths amounted to extrajudicial executions, the investigators said. But they also reported that the authorities had summarily executed at least nine young men after cursory trials on charges linked to the protests and that several people had died in custody as a result of torture.
Persons: Mahsa Amini Organizations: United Nations, Human Rights Locations: Kurdish, Geneva
9 to 0 — I’m going to say that again — 9 to 0, ruled that states can’t keep Donald Trump off their ballots. It’s how — Trump has said to his loyalists, I am your retribution, so maybe we should just look at this as a blueprint for retribution. He’s going to end up — when he gives his big convention speech, he’s going to end up making promises on economic policy, domestic policy, and so on. ross douthatSo here’s why I’m sort of — Carlos, especially to your point — like, trying to focus us on the sharpest possible conflicts. But if most of the country’s political and emotional energy is instead focused on Trump himself, rather than real, actual debates, then I think Trump is winning, period, and the country is losing.
Persons: carlos lozada, polgreen Wow, ross douthat, lydia polgreen, Kiefer Sutherland, carlos lozada Totally, michelle cottle Perfect, lydia polgreen You’re, Kiefer, I’m Ross Douthat, michelle cottle I’m Michelle Cottle, carlos lozada I’m Carlos Lozada, Lydia Polgreen, michelle cottle Chin, Biden, lydia polgreen It’s, , can’t, Donald Trump, Grover Cleveland, michelle cottle, Jesus, Donald Trump’s, Carlos Lozada, it’s, Carlos, ross, carlos lozada You, , Trump, Nikki Haley, carlos lozada Yes, He’s, United States — carlos lozada, carlos lozada Harold Meyerson, , Harold — carlos lozada —, michelle cottle —, — Trump, Trumpism, lydia polgreen Trump, carlos lozada —, part’s, michelle cottle You’re, Lydia, let’s, Michelle, — ross douthat Michelle, michelle cottle Oh, Hillary Clinton, — ross, lydia polgreen Get, michelle cottle Mexico’s, Mike Shear, Julie Davis’s, ” ross douthat, carlos lozada Michelle, michelle cottle I’m, George Floyd, I’m — ross, polgreen, I’m, — michelle cottle, he’s, lydia polgreen I’m, Dobbs, ross douthat Carlos, we’ve, unquote, carlos lozada Well, carlos lozada He’s, — carlos lozada Boo, Matt Iglesias, That’ll, that’ll, Peter Navarro, doesn’t, there’ll, lydia polgreen There’ll, carlos lozada Ross, there’s, ” michelle cottle, lydia polgreen Couldn’t, John Roberts, Peter Baker, Susan Glasser’s, Maggie Haberman’s, — michelle cottle Beat, ross douthat —, It’s, Asli Aydintasbas, she’s, Ross, Viktor Orbán, Joe Biden, ideologues, ross douthat Lydia, — carlos lozada, ross douthat Go, nope — ross, Miley Cyrus, it’s Truman, I’ve, lydia polgreen There’s, Bilbo, Martin Freeman, michelle cottle Big, michelle cottle Carlos, We’ve, carlos lozada You’re, We’ll, lydia polgreen Bye Organizations: New York, Republican, New York Times, Siena College, Trump, Heritage Foundation, Leadership, GOP, Republicans, HHS, Department of Health, Human Services, Department of Life, CDC, Department of Justice, Justice Department, National Guard, of Homeland Security, Democrats, Politico, America, United States Constitution, Swans, East, Brooklyn, Northwest Missouri State University, carlos lozada Business Locations: New, America, Douthat, , Washington, United States, lydia polgreen Get Mexico, Francisco, China, Turkish, Turkey, Manhattan, Brooklyn
Joe Biden will give his third State of the Union address on Thursday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Thursday, Biden will deliver his State of the Union address to what could be his largest audience before Election Day. In this sense, Biden's speech comes with additional pressure. The State of the Union is not an explicit campaign speech.
Persons: Joe Biden, Biden, , Robert Hur's, Ronald Reagan's, Trump, Nikki Haley's, Sen, Elizabeth Warren of, you'll, he's, Bernie Sanders, Sanders Organizations: Service, NFL, Republican National, GOP, Democrats, Biden, The Washington Post Locations: Elizabeth Warren of Massachusetts
CNN —Intruders broke into a major port terminal in Haiti Thursday as violence in the country escalated after the government extended its state of emergency. It comes as Port-au-Prince’s Caribbean Port Services (CPS) terminal, a major player in Haiti’s food import supply chain, was broken into around 8 a.m., two security sources told CNN. Pléiades Neo/AirbusOne Airbus satellite image shows a significant amount of material littering the area of the container port terminal. The chaos has forced tens of thousands to flee their homes in the past few days, adding to the more than 300,000 already displaced by gang violence. A law enforcement officer at a police station set on fire by armed gangs in Port-au-Prince, Haiti, on March 5, 2024.
Persons: Pléiades, Jimmy Cherizier, Prince, Cherizier, Ariel Henry’s, Odelyn Joseph, Stephane Dujarric, Dujarric, ” Ronald Laroche, ” Laroche, , , they’ve, Henry, Jovenel Moise, Raymond King of, King, Médecins Organizations: CNN, Caribbean Port Services, CPS, Airbus, Haitian National Police, Reuters, Food, United Nations Office, Humanitarian Affairs, UN, Protection, Kenyan, Royal Bahamas Defence Force, MSF Locations: Haiti, Region, Port, Prince, Prince’s, , United States, Canada, Puerto Rico, Dominican Republic, Hispaniola, Kenya, Caribbean, Cité, Syria, Myanmar
Layla Elabed, campaign manager for Listen to Michigan, which spearheaded the protest vote against President Biden last week in Michigan. “Elections have a certain amount of momentum,” said Keith Ellison, Minnesota’s Democratic attorney general, who voted for Mr. Biden. Uncommitted Minnesota said it spent about $20,000 on the campaign since beginning last Monday. In Washington, organizers are pushing similar efforts to vote “uncommitted” in the state’s primary next week. It was not our first choice, but we have to let President Biden know that our votes are not to be taken for granted.”Nicholas Nehamas contributed reporting from Minneapolis.
Persons: Layla Elabed, Biden, Israel —, Mr, Uncommitted, Rashida Tlaib, Donald J, Donald Trump, , Elianne Farhat, Kamala Harris, , Lauren Hitt, Cole Harrison, Trump, Keith Ellison, Ellison, Biden’s, Joe Biden, Abdullah Elagha, Harrison, Ilhan Omar, Rania Masri, , uncommitted, Rami Al, ” Nicholas Nehamas Organizations: Democratic, Democratic National Convention, Somali, Trump, Uncommitted Minnesota, Hamas, Massachusetts Peace, Mr, , Democratic Party, Colorado Palestine Coalition, Abandon Biden, Republican Party Locations: Michigan, Israel, Gaza, Colorado, Minnesota, Massachusetts, Cambridge, Colorado , Massachusetts, North Carolina, United States, American, Uncommitted Minnesota, In Minnesota, Georgia, Washington, Bothell, Minneapolis
There's a party happening in stocks in 2024, and though investors may be reluctant, it could be time to think of taking a few chips off the table. My portfolio has recovered [from 2022],'" said Marguerita Cheng, certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland. "I tell people we're not selling everything, but we need to give the portfolio the TLC it deserves – this is the fine-tuning of your portfolio," she added. Be tax aware: Investors may be wary of selling highly appreciated holdings within their taxable accounts, which can incur levies on capital gains. Cheng of Blue Ocean has been turning toward dividend payers, as well as small and midcap stocks.
Persons: There's, they're, Marguerita Cheng, it's, Morningstar, Carla Adams, , Sean Lovison, Cheng, Russell, Matson, – that's, It's, Jon Ulin Organizations: Nasdaq, Dow Jones, Netflix, Blue, Global Wealth, CNBC's, CFP, Ametrine, Investors, redeploy, Pfizer, Micron Technology, Holdings, Federal Reserve, Ulin, Wealth Management Locations: Gaithersburg , Maryland, Lake Orion , Michigan, Moorestown , New Jersey, SDVY, Boise, Boca Raton , Florida
Guy Wildenstein, the international art dealer, was found guilty in France on Tuesday of massive tax fraud, the latest twist after years of legal entanglements that have unraveled the secrecy that once surrounded his powerful family dynasty. Mr. Wildenstein, 78, the Franco-American patriarch of the family and president of Wildenstein & Co. in New York, was sentenced by the Paris Appeals Court to a four-year prison sentence, with half of it suspended, and the other half to be served under house arrest with an electronic bracelet. The court also sentenced him to pay a one million euro fine, or about $1.08 million. Prosecutors had said that he was trying to dodge hundreds of millions of euros in inheritance taxes. At the trial, which was held in the fall, they had requested a slightly more lenient prison sentence for Mr. Wildenstein, but they had also requested a much larger €250 million fine, or about $270 million.
Persons: Guy Wildenstein, Wildenstein, Daniel, Alec Organizations: Franco, Wildenstein, Paris Appeals, Prosecutors Locations: France, New York, Paris
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