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Peel police say victims bilked out of $1.6M in cryptocurrency investment scam

Peel police say a man from the Ottawa area is facing charges after allegedly defrauding victims in a “large-scale cryptocurrency investment scam.”

Police allege that in 2023, two victims were solicited through social media and convinced to participate in what they believed to be a “legitimate international cryptocurrency investment opportunity.”

“Both invested significant sums of money and were given access to online investment platforms indicating their initial investment had grown substantially,” Peel police said in a news release issued Friday.

 » Read more about: Peel police say victims bilked out of $1.6M in cryptocurrency investment scam  »

Fed’s preferred inflation gauge changed little in September with price gains muted

WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation changed little in September, likely easing the way to a widely expected interest rate cut by the central bank next week.

Prices rose 0.3% in September from August, the Commerce Department said Friday,

 » Read more about: Fed’s preferred inflation gauge changed little in September with price gains muted  »

The Fed's Favorite Measure Of Inflation Stayed Hot In Belated Report

Key Takeaways

  • Inflation in September showed a mixed trend with overall inflation accelerating and “core” inflation, which excludes food and energy, slowing down.
  • The decrease in core inflation was unexpected and leaves the Federal Reserve on track to cut interest rates next week, putting the battle against inflation on the back burner in favor of helping stabilize the job market.

 » Read more about: The Fed's Favorite Measure Of Inflation Stayed Hot In Belated Report  »

Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock

Energy Transfer LP (ET) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term.

Over the past month, shares of this energy-related services provider have returned -0.4%,

 » Read more about: Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock  »

Putin, Modi focus on expanding India-Russia trade ties, firm up 5-year roadmap

NEW DELHI: India and Russia on Friday unveiled a range of measures to bolster their economic partnership, including a five-year plan to address growing imbalance in two-way trade, pacts on mobility and steps to ensure energy security, as Prime Minister Narendra Modi impressed on President Vladimir Putin the need for a peaceful resolution to the war in Ukraine.

 » Read more about: Putin, Modi focus on expanding India-Russia trade ties, firm up 5-year roadmap  »

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