The Daily

SAN DIEGO (FOX 5/KUSI) — A man pleaded guilty to defrauding investors of millions through lies and deception, prosecutors said.

Paolo Roberto Flores, 39, admitted to obtaining at least $4,781,248 from victim investors because of his false statements and fraudulent documentation, as well as attempting to commit mortgage fraud, the United States Attorney’s Office Southern District of California said in a news release Wednesday.

 » Read more about: Man bought Tesla, Land Rover with money from cryptocurrency fraud, DOJ says  »

Mumbai: Elevated equity valuations, tax efficiency, and automatic allocation to a diverse set of assets are attracting investors to multi-asset funds. Data from the Association of Mutual Funds in India (AMFI) showed that assets under management of these funds surged to ₹1.02 lakh crore in September 2024,

 » Read more about: From Rs 40K cr to Rs 1L cr: Multi-asset funds have multiple points of appeal, inflows rise over two-fold  »

WASHINGTON :Bank of Japan Governor Kazuo Ueda said on Thursday optimism over the U.S. economic outlook was broadening but markets remained unstable, offering a mixed view on whether risks to his country’s economy were subsiding.

Ueda’s comments on the U.S. economy and markets have come under scrutiny after he recently highlighted uncertainty over a U.S.

 » Read more about: Bank of Japan cautiously upbeat on US outlook, warns of jittery markets  »

Margins impress

Tesla (TSLA) shares are rallying this morning, up over 11% before the bell, after the electric vehicle maker impressed investors with its strong Q3 earnings and upbeat production outlook. The results helped Tesla break a streak of missing EPS estimates in the last four quarters,

 » Read more about: Wall Street Breakfast: Margins Impress  »

 » Read more about: New dystopian rules under Labour: Don't save, don't invest and never, ever write a cheque  »

Oct 21, 2024,06:30am EDT

How Valve Founder Gabe Newell Turned ‘Half-Life’ Into A Nearly $10 Billion Fortune“,”scope”:{“topStory”:{“index”:1,”title”:”How Valve Founder Gabe Newell Turned ‘Half-Life’ Into A Nearly $10 Billion Fortune”,”image”:”https://specials-images.forbesimg.com/imageserve/66f5b8e78e94b86c7870709f/0x0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Oct 21, 2024″,”hourMinute”:”06:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1729506600000},”uri”:”https://www.forbes.com/sites/stephenpastis/2024/10/21/how-valve-founder-gabe-newell-built-one-of-the-worlds-most-profitable-videogame-companies/”}},”id”:”a24kbb3oga8g00″},{“textContent”:”

Oct 24, 2024,

 » Read more about: Verizon Named ‘Top Dividend Stock Of The Dow’ With 6.5% Yield  »

 » Read more about: Bad fence builder has no defense for Wolchek  »

Investors in Arcosa, Inc. ACA need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $60 Put had some of the highest implied volatility …

 » Read more about: Do Options Traders Know Something About Arcosa (ACA) Stock We Don’t?  »

Mortgage rates maintained their upward movement this week, as economic strength led to further volatility. 

The 30-year fixed-rate average came in higher for the fourth week in a row, climbing up to 6.54%, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The average took a 10 basis point jump from 6.44% seven days earlier.  

 » Read more about: Election season, economic strength drive latest interest rate volatility  »

 » Read more about: BOJ may offer less dovish signs as US recession fears ease, rates on hold  »