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CNN —It was one of the more memorable moments of arguably the most unique opening ceremony in history, but one that has sparked controversy around the world. The scene in question has been described by some critics as a parody of “The Last Supper” and one which featured drag artists and multiple dancers. In an interview with CNN, Katerine said his song “Nue” – or “Naked” – was a message for peace, inspired by war, such as those in Gaza and Ukraine. The answer is perhaps not because you can’t hide a gun or a dagger when you’re naked,” he said. Despite receiving criticism from some, Katerine was also praised for creating one of the lasting memories from the lavish ceremony.
Persons: Philippe Katerine, Dionysus, Katerine, we’d, , you’ve, Anne Descamps, Thomas Jolly, Leonardo da Vinci, ” Katerine, , I’m Organizations: CNN, Olympic, Olympics, CNN Olympic, Catholic, French Catholic Church, International Olympic Committee Locations: French, Gaza, Ukraine, , Greece, ” Paris
After holding crypto for more than one year, you'll qualify for long-term capital gains of 0%, 15% or 20%, depending on taxable income. Higher earners may also owe an extra 3.8% levy, known as net investment income tax. By comparison, short-term capital gains or regular income taxes apply to assets owned for one year or less. New crypto reporting rulesThe U.S. Department of the Treasury and IRS in June released final guidance for digital asset brokers, which phases in mandatory yearly reporting. With limited past reporting on basis, crypto investors can still establish a "reasonable allocation" before Jan. 1, 2025, according to an IRS revenue procedure released in June.
Persons: Donald Trump, Jon Cherry, Adam Markowitz, Andrew Gordon Organizations: Republican, Getty, IRS, Luminary, Internal Revenue Service, U.S . Department of, Treasury, Gordon Law Group Locations: Nashville , Tennessee, Windermere , Florida
Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.
Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform
CNN —South Africa’s former President Jacob Zuma has been expelled from the African National Congress (ANC), the party he once led. “Former President Jacob Zuma has actively impugned the integrity of the ANC,” ANC Secretary General Comrade Fikile Mbalula outlined at a press briefing on Monday. In January, the ANC stated that the party is dedicated to nurturing and, when required, correcting its members and leaders. Yet, while he was barred from running in this May’s general election, his face remained on the ballot paper for the MK party. While Zuma’s MK had nearly 14.59% of the vote.
Persons: Jacob Zuma, , Comrade Fikile Mbalula, ” Mbalula, Zuma, Mbalula Organizations: CNN, African National Congress, ANC, uMkhonto WeSizwe Party, MK, Democratic Alliance, Zuma’s MK
The United States and countries around the world denounced the results of Venezuela’s presidential election, in which the incumbent, Nicolás Maduro, declared victory in the face of accusations of widespread fraud. Notably, Luiz Inácio Lula da Silva, the president of Brazil and a longtime leader within the region’s leftist movement, released a cautious statement that did not congratulate the president on his win. “The Brazilian government welcomes the peaceful nature of yesterday’s elections in Venezuela and is following the counting process closely,” Mr. Lula said in the statement. “In this context, it awaits the publication by the National Electoral Council of data broken down by polling station, an indispensable step for the transparency, credibility and legitimacy of the election result.”
Persons: Nicolás Maduro, Luiz Inácio Lula da Silva, , ” Mr, Lula, Organizations: National Electoral Locations: States, Brazil, Venezuela
CNN —Venezuelans headed to the polls on Sunday to vote in a highly consequential presidential election where the country’s longtime strongman, Nicolas Maduro, will face one of his greatest political challenges yet, say analysts. Of the nine other candidates running for the presidency, his biggest challenger is a unified opposition movement that overcame their divisions to form a coalition known as the Democratic Unitary Platform. The opposition movement has maintained its momentum despite sustained government repression, in which their first-choice candidate, María Corina Machado, was disqualified from running. The government has also created significant impediments for the millions of Venezuelans abroad to vote, including widely unattainable passport and residency requirements. But several international election observers have announced this week that they will no longer travel to Venezuela to monitor the vote.
Persons: Nicolas Maduro, Maduro, Hugo Chavez’s, María Corina Machado, Machado, Edmundo González Urrutia, Matias Delacroix, , Laboratorio de, Jimmy Carter –, Luiz Inácio Lula da Silva, ” Laura Cristina Dib, CNN’s Stefano Pozzebon, David Shortell, Michael Rios Organizations: CNN, Democratic, International Monetary Fund, European Union, The Carter, Washington Office Locations: Venezuela, Latin America, Caracas, United States, Laboratorio de Paz, Venezuelan, America, WOLA
Richard Behar Courtesy: Lizzie CohenYou probably haven't heard Bernie Madoff's name in awhile, but that doesn't mean the infamous fraudster's story is over, or the pain he inflicted. Irving Picard, an 83-old court-appointed trustee, still spends his days trying to claw back money from the those who benefitted from Madoff's Ponzi scheme, and to reduce the staggering losses of others. 'Prison was a great relief for him'AN: How did Madoff say life in prison changed him? In prison, he'd typically wake up in his cell at around 4 a.m., make coffee in bed with an instant hot water machine, then read, or listen to NPR until breakfast. RB: Bernie said he was under constant stress over the Ponzi, and would talk out loud to himself sometimes in the office, because of the pressure.
Persons: Richard Behar, Lizzie Cohen, Bernie Madoff's, Irving Picard, Madoff, Elie Wiesel, Ruth, he's, Behar, Richard Behar's, Mark, MADOFF, BERNARD L, he'd, Annie Nova, I've, I'm, scammers, , Bernard Madoff, Stephen Chernin, I'd, Bernie, Chris Hondros, wasn't, Picard, John Moscow, Irving, Picard isn't, It's Organizations: CNBC, Behar's, Forbes, Manhattan Federal, Getty, NPR, SEC, Manhattan Locations: North Carolina, New York City
A performance during the Paris Olympics’ opening ceremony on Friday has drawn criticism from church leaders and conservative politicians for a perceived likeness to Leonardo da Vinci’s depiction of a biblical scene in “The Last Supper,” with some calling it a “mockery” of Christianity. In the performance broadcast during the ceremony, a woman wearing a silver, halo-like headdress stood at the center of a long table, with drag queens posing on either side of her. Later, at the same table, a giant cloche lifted, revealing a man, nearly naked and painted blue, on a dinner plate surrounded by fruit. He broke into a song as, behind him, the drag queens danced. The tableaux drew condemnation among people who saw the images as a parody of “The Last Supper,” the New Testament scene depicted in da Vinci’s painting by the same name.
Persons: Leonardo da, Robert Barron, Organizations: Paris Olympics, Bishops ’ Conference Locations: Minnesota
Cool temperatures are expected to calm fire behavior, which will help the 154 firefighters in Jasper fight the blaze, Jasper National Park said on Facebook Friday night. Two wildfires converged in the Jasper National Park area, becoming what authorities are referring to as the Jasper Wildfire Complex. Together, the fires have swallowed an estimated 89,000 acres, the Jasper National Park said. An evacuation order remains in effect for Jasper and Jasper National Park, with the vast majority of evacuees being visitors, officials said. Along with about 5,000 residents who live in the town, 2.48 million people visited Jasper National Park last year.
Persons: CNN —, Gavin Newsom, Billy, Ronnie Dean Stout, , ” Stout, Justin Trudeau, Jasper, Sherry Alpers, Noah Berger, Tim Ferguson, KOVR, “ We’ve, we’ve, ” Ferguson, Lauri Schwein, ” Ron Lassonde, KCRA, , Kory Honea, you’ve, Norm Rosene, “ It’s, Dan Collins, Amber Bracken, we’ll, ” Karyn Decore, Richard Ireland Organizations: CNN, Western, Cal Fire, DA, , Malheur National, Jasper National, Facebook, Rockies, National Weather Service, Fire, Camp Fire, KCRA, Animal, Triple, Cal, The Canadian Press, AP, Jasper, CTV News, CBC Locations: Los Angeles, Western United States, Canadian, Butte, Tehama, Sacramento , California, • California, Oregon, Malheur, Malheur National Forest, Jasper, Alberta, California, U.S, Chico , California, Chico, Butte County, Paradise, , , Jasper , Alberta, Canada, Ireland
Is 100 Days Enough Time to Pick a Leader? But in many other democracies, an official election period sets out when candidates can debate, make speeches and run political ads (often with strict spending limits). “We know from other countries that 100 days is plenty of time for a healthy campaign,” said Mr. Tama. “Most campaigns in different countries are in the range of a few weeks to several months.”Even in India, the largest democracy in the world, the official campaign only starts a little over a month before voting begins. And in India in 2014, Narendra Modi had six months after his party chose him as leader to wage his successful campaign for prime minister.
Persons: Kamala Harris, Mexico Claudia Sheinbaum, Philippines Ferdinand Marcos Jr, Justin Trudeau, Italy Giorgia Meloni, Brazil Luiz Inácio Lula da Silva, Anthony Albanese, France Emmanuel Macron, Indonesia Joko, Keir Starmer, India Narendra Modi, Korea Yoon Suk Yeol, Japan Fumio Kishida, Donald J, Trump, Jordan Tama, , , Tama, Biden’s, Lyndon B, Johnson, Harris, Narendra Modi Organizations: Voters, American University, American, United, Electoral College, Labour, Conservative Locations: Mexico, Philippines, Italy, France, Indonesia, India, Korea, Japan, Canada, United States
The largest active wildfire in the US has scorched more than 280,000 acres in eastern Oregon and another blaze has exploded to nearly 125,000 acres in California. • Park Fire explodes in size: By Thursday morning, the wildfire had burned an average of nearly 50 football fields per minute since starting Wednesday afternoon. • Firefighters battle massive Oregon fire: The Durkee Fire, which has burned an area larger than the city of Indianapolis, started on July 17 near the Oregon-Idaho state line. • Oregon wildfire destroys buildings: Three people were injured and two homes and 12 other structures were destroyed as the fire spread, according to the Oregon Department of Emergency Management. In this image provided by the Oregon Department of Transportation, shows an area burned by the Durkee fire near Interstate 84 close to Huntington, Oregon, on July 23, 2024.
Persons: Tina Kotek, Justin Trudeau, ” Julia Yarbough, Yarbough, Ronnie Dean Stout, Mike Ramsey, , ” Stout, Ramsey, Stout, CNN Stout, Noah Berger, , Danielle Smith, Mike Ellis, ” Ellis, ” Smith, Jasper, Richard Ireland, Organizations: CNN, Western, Cal Fire, • Firefighters, Oregon -, Oregon Department of Emergency Management, Oregon Gov, National Guard, Northern Rockies, National Interagency Fire Center, Oregon Department of Transportation, KOVR, DA, , ’ ”, , Public Safety, Emergency, Jasper National, Facebook Locations: Western United States, Canada, Oregon, California, Atlanta, Butte County, Indianapolis, Oregon - Idaho, Baker County, Boise, Colorado , Idaho , Oregon, Washington, Jasper, Alberta, Western, Northwest, Huntington , Oregon, Chico, Butte, Bidwell, Butte County , California, ’ ” Alberta, , ” Alberta, ” Ireland
Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.
Persons: , Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates IBM as buy Bank of America said the "portfolio is delivering" despite the company's mixed earnings report on Wednesday. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's sticking with Ford as a top pick following earnings on Wednesday. Bank of America reiterates CrowdStrike as buy Bank of America lowered its price target to $365 per share from $400 but said it's sticking with the stock. Barclays reiterates Super Micro Computer as overweight Barclays said it's sticking with its overweight rating heading into earnings in early August. " Bank of America reiterates Birkenstock as buy Bank of America said the stock "warrants a higher multiple."
Persons: Mizuho, ServiceNow, Morgan Stanley, Ford, KeyBanc, Baird, AAPL, Price, LULU, Goldman Sachs, Dell, Goldman, Roper, CBRE, it's, CrowdStrike, Susquehanna, Bank of America downgrades Lamb Weston, Lamb Weston, Chipotle, Piper Sandler, Marvell, Piper, Birkenstock Organizations: Bank of America, IBM, Infrastructure, Consulting, Mizuho, Software, Ford, Apple, BMO, Citi, Dell, DELL, Roper Technologies, " Bank of America, Meta, AMD, SOX, JPMorgan, GE, Deutsche Bank, Deutsche, Barclays, AMC, Sirius XM, Davidson, Polaris
CNN —From a young age, award-winning artist Tara Shakti knew she wanted to pursue a career creating paintings that empowered other women. Tara Shakti will be the first Malagasy artist to have her work sent to the moon. The main criterion for nomination is that artists’ work should have been included in a curated exhibit, collection, anthology or similar. Tara ShaktiThe artist was invited by Peralta to submit her work for the project after he discovered her paintings through social media earlier this year. “To have my work launched to the moon is an honor of immeasurable magnitude,” Shakti told CNN in an email.
Persons: Tara Shakti, Shakti, , , NASA ”, Samuel Peralta, ” Peralta, Peralta, Leonardo da Vinci, Shakti's, Shakti’s, NASA’s, Tara Shakti “, Tara Shakti’s, Ada Limón, Didi Mendez, they’re Organizations: CNN, SpaceX, NASA, Codex Polaris, Heavy, Embassy of, NASA’s Europa Clipper Locations: Madagascar, Africa, Florence, Paris, Canadian, Toronto, New York, Embassy, Embassy of Madagascar, France, Cuban American
Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.
Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu
Presenting herself as a center-left politician, Harris previously ran successful campaigns in California, winning statewide races for the San Francisco District Attorney's Office, the state attorney general, and the US Senate. AdvertisementHere's where she stands on major issues:AbortionHarris has supported abortion rights since her time in the Senate. ClimateHarris previously supported policies to combat climate change, including plans to transition the US to 100% renewable energy and a carbon tax. As vice president, Harris was tasked with handling the root causes of migration to the US from Central America. Harris re-affirmed her support for LGBTQ+ rights as vice president but has not provided specific policies.
Persons: , Kamala Harris, Joe Biden, Harris, Biden, Brett Kavanaugh, Roe, Wade, Climate Harris, She's, Donald Trump's, Sen, Bernie Sanders of, Harris waffled, Sanders, HuffPost, Alejandro Giammattei, Trump Organizations: Service, Democratic, San, San Francisco District Attorney's Office, Business, CNN, Biden, Marshall, Biden's Infrastructure Deal, Healthcare, Stat, Immigration, San Francisco DA, Senate Republicans, Republicans, GOP Locations: California, San Francisco District, Bernie Sanders of Vermont, Immigration, Central America, United States, Guatemalan, Israel, Gaza, Rafah
Vice President Kamala Harris received President Joe Biden's backing to take his place as the Democratic presidential nominee Sunday, an endorsement he made after announcing he is abandoning his re-election bid. Biden's decision to bow out breaks open the nominating process — meaning Harris or any other Democrat could seek the party's nomination. The Democratic National Convention is scheduled to begin August 19 in Chicago and with Biden's backing, Harris became the instant favorite. Harris, the first female vice president, would become the first Black woman and first person of South Asian descent to become a major party nominee. "We are ready to lock in and support Vice President Harris in her new role," Gavito said.
Persons: Joe Biden, Kamala Harris, Joe Biden's, Harris, Biden, Donald Trump, , Tory Gavito, Gavito, She's, Trump, JD Vance Organizations: U.S, Las Vegas Aces, White, Democratic, Convention, U.S . Senate, American, Biden, Black, NBC News Locations: Washington , U.S, Chicago, Jamaican, Oakland , California, San Francisco, California, Jan, Oakland
Millions of travelers pass through Italian airports every year, but most probably don’t know that Rome’s airport is named for Leonardo da Vinci, Pisa’s is named for Galileo Galilei, and Palermo’s is named for Giovanni Falcone and Paolo Borsellino, two prosecutors who were murdered in 1992 as payback for their anti-Mafia crusades. But the decision this month to name Milan’s main international airport after Silvio Berlusconi, the media mogul and former Italian prime minister who died last year at age 86, did not go unnoticed. The renaming of Milan Malpensa Airport as International Airport Milan Malpensa — Silvio Berlusconi has unleashed a maelstrom of protests from left-leaning lawmakers, a barrage of memes and an online petition to block the designation, which as of Wednesday had more than 160,000 signatures. It also has made global headlines. “Why not Bunga-Bunga airport,” said one, in a German-language publication, referring to the sex-fueled bacchanals at Mr. Berlusconi’s villa that he described as merely “elegant dinners.”
Persons: Leonardo da Vinci, Pisa’s, Galileo Galilei, Giovanni Falcone, Paolo Borsellino, Silvio Berlusconi, — Silvio Berlusconi, Organizations: Milan Malpensa Airport, Milan Locations: Milan, Bunga
Read previewOver a dozen of Waymo's self-driving cars were vandalized in San Francisco. San Francisco District Attorney Brooke Jenkins announced Thursday that 36-year-old Ronaile Joshua Burton has been charged with 17 counts of vandalism on Waymo self-driving vehicles. AdvertisementThe arrest follows other reported incidents of vandalism against Waymo's self-driving cars in the last year. Waymo Vehicle surrounded and then graffiti’d, windows were broken, and firework lit on fire inside the vehicle which ultimately caught the entire vehicle on fire. San Francisco is one of the main test beds for self-driving tech, and incidents involving the vehicles — as well as traditional human-driven cars — are bound to come up.
Persons: , Brooke Jenkins, Joshua Burton, Burton, Adam Birka, Ms, White, Waymo, Séraphine Hossenlopp, Tesla, Zoox, Cruise, Insider's Lloyd Lee Organizations: Service, San, Business, Prosecutors, FRANCISCO FIRE DEPARTMENT, London Breed, Reuters, General Motors Locations: San Francisco, Chinatown
This Soprano Sings ‘the Sound of the Soul’
  + stars: | 2024-07-12 | by ( Zachary Woolfe | ) www.nytimes.com   time to read: 1 min
“Un bel dì,” the title character’s great aria in “Madama Butterfly,” begins with the soprano singing a hovering G flat. Puccini writes in the score that the note is to emerge not just pianissimo, or very soft, but also “come da lontano”: as if coming from far away. The opera is about a young Japanese woman convinced that the American naval officer who abandoned her will return, and “Un bel dì” narrates her fantasy of seeing his ship sailing back into the harbor at Nagasaki. At the Aix-en-Provence Festival in France, Ermonela Jaho condenses that desperate illusion into a haunting filament of tone. What’s more, she sings the note while lying on her back on the floor in this bracingly intimate new production of the beloved work.
Persons: , Puccini Organizations: American Locations: Japanese, Nagasaki, Aix, Provence, France
It could help former President Donald Trump's hush-money conviction survive the US Supreme Court immunity opinion. Trump's lawyers are about to file what's known as a 330.30 motion to set aside the verdict. The Supreme Court presidential immunity opinion bars official-act evidence. US Supreme Court/BITrump's lawyers now say there were at least four times that the judge improperly let Manhattan prosecutors show official-act evidence to the jury. Trump's hush-money conviction appeal will take years and could even lead back to the US Supreme Court.
Persons: , Donald Trump's, SCOTUS, Juan Merchan, he'll, John Moscow, Lewis Baach Kaufmann Middlemiss, It's, Donald Trump, Michael Cohen, Stormy Daniels, Trump, Cohen, Carlos Barria Trump, Diana Florence, Florence, Donald J, Hope Hicks, Andrew Harnik Trump, Joshua Steinglass, he's, Hicks, Said Florence, Charles Solomon, Solomon, Thomas Franczyk, Merchan, Trump's, Moscow, Justice Clarence, Thomas, Cannon, Aileen Cannon Organizations: Service, Business, New, Trump, Trump Organization, Attorney's, BI Trump, White House, White House Communications, AP, Prosecutors, Manhattan, BI Locations: York, Manhattan, New York, Moscow, Florence, Buffalo, Erie County, Florida
CNN —Donald Trump will not be sentenced on his business fraud conviction until September, a New York judge ruled Tuesday in the wake of Monday’s Supreme Court decision on presidential immunity. The ruling could impact the indictments of Trump in the classified documents and Georgia election interference cases as well. Trump’s legal team filed a letter Monday seeking to challenge the former president’s conviction after the Supreme Court ruled that presidents have an absolute immunity from prosecution for core official acts. Will Scharf, an attorney who represents Trump in the immunity case, told CNN Monday night the high court’s ruling “absolutely” impacts the hush money case. Video Ad Feedback Biden reacts to Supreme Court's immunity ruling 04:35 - Source: CNN“Under Trump, this official-acts evidence should never have been put before the jury.
Persons: Donald Trump, Joe Biden’s, Trump, Juan Merchan, Jack Smith’s, , defendant’s, Attorney Alvin Bragg, Trump’s, Will Scharf, , , Hope Hicks, Biden, Trump ‘, ’ ”, Organizations: CNN, Monday’s, Trump, Manhattan, Attorney’s, Attorney, Locations: New York, Georgia, Manhattan, Trump
The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from sales in 2025 via Form 1099-DA. In 2027, brokers must include cost basis, or purchase price, for certain digital asset sales for 2026. "These regulations are an important part of the larger effort on high-income individual tax compliance," IRS Commissioner Danny Werfel said in a statement. The new IRS regulations come roughly four months after the agency hired two former crypto executives to improve digital currency service, reporting, compliance and enforcement programs.
Persons: Danny Werfel, Everybody's, James Creech, Baker Tilly Organizations: U.S . Department of, Treasury, IRS, Finance, Taxation, CNBC Locations: U.S
The World’s Next Big Drag Queen Is Brazilian
  + stars: | 2024-06-30 | by ( Jack Nicas | Victor Moriyama | ) www.nytimes.com   time to read: +1 min
São Paulo’s main avenue was packed this month with thousands of people draped in the yellow and green of the Brazilian flag and captivated by a commanding figure atop a tractor-trailer rigged with speakers. From above, the scene could have maybe passed for one of the many political rallies held in the same spot by former President Jair Bolsonaro, the Brazilian far-right leader who has infamously declared that he could never love a gay son. (Though, to be fair, the enormous rainbow flag would be a giveaway.) It was, in fact, one of the world’s largest Pride parades, and the person atop the sound truck was Phabullo Rodrigues da Silva, 30, the gay son of a working-class single mother in Brazil’s north. Yet everyone in the crowd knew him as Pabllo Vittar, a 6-foot-2-inch drag queen in a glittering cutoff Brazilian soccer jersey and shredded jean shorts — one of the biggest pop stars in this nation of 203 million.
Persons: Jair Bolsonaro, Phabullo Rodrigues da Silva, Pabllo, jean Locations: Brazil’s
Former Uvalde Consolidated Independent School District Police Chief Pete Arrendondo and former school police officer Adrian Gonzales were named in the indictments, which represent the first criminal charges filed in the school massacre. The two officers face felony charges of abandoning and endangering a child, Uvalde District Attorney Christina Mitchell told the Uvalde Leader-News, and one of them was expected to surrender later Thursday. Earlier this year, the US Justice Department released a damning report that concluded law enforcement officers had many opportunities to reassess their flawed response to the May 24, 2022 shooting at Robb Elementary School. Instead, it took 77 minutes from when the 18-year-old shooter walked into Robb Elementary School until he was stopped. Critical failures in leadership among specific law enforcement officers who rushed to Robb Elementary are cited by the Justice Department, whose 575-page report was released nearly 20 months after the massacre.
Persons: CNN —, Pete Arrendondo, Adrian Gonzales, Christina Mitchell, Brett Cross, Uziyah Garcia, Robb Organizations: CNN, Robb Elementary, Former Uvalde Consolidated Independent School District Police, Uvalde, Court, US Justice Department, Robb Elementary School, Justice Department Locations: Texas, Uvalde, Uvalde County
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