Japan Brokers Seek to Identify Hackers After Fraud Surges
A Japan Securities Dealers Association panel is looking to start discussions on whether and how member brokers can identify and act against offenders' accounts at its upcoming annual meeting, said people familiar with the matter, asking not to be named because the issue is private. The JSDA's Internet Brokers Council, which comprises about 30 of the nation's major brokers, is weighing inviting officials from the Tokyo Stock Exchange and police to hear how they are planning to tackle the problem, they said.
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28 minutes ago
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The rich already know how private equity mints money — and it's not from a 401(k)
The ultrawealthy are envied for many reasons. For instance, we wish we could access the same private-market investments that they favor. Now, after the White House issued an executive order on Aug. 7, you may be able to invest like the billionaires do. Homeowners rush to refinance as mortgage-rate plunge opens window of opportunity My wife and I are in our 50s and have $11 million. We're not leaving it to our kids. Is that wrong? You could receive up to $7,500 from the AT&T settlement. Here's how class-action suits work. But would you want to? The executive order allows ordinary retirement savers to invest in private assets and cryptocurrency. This will expand investment options for anyone with a 401(k) or similar tax-advantaged retirement plan. It is a big deal — opening part of America's $12.4 trillion defined-contribution market to private-asset managers. The largest private-equity firms and other asset managers are salivating at the opportunity to pitch this untapped market of retirement savers. Private assets encompass a range of investments that do not trade on a public exchange. Examples include hedge funds, private equity, private credit and infrastructure. The case for private assets is they can provide a buffer against inflation — plus steady returns. The downsides include high fees, illiquidity and complexity. The nation's biggest asset managers welcome the executive order. They want to develop funds that make private assets easier for people to buy, and argue that the added diversification serves savers' best interests. Larry Fink, chief executive of BlackRock BLK, says retirement savers should replace the traditional 60% stocks/40% bonds asset-allocation model with a 50/30/20 split: 50% stocks, 30% bonds and 20% private assets. Read: Larry Fink proposes an alternative to the 60/40 portfolio. It means more fees. Should you be excited about this widening menu of investment choices? It depends on whom you ask. Some investment professionals like the idea of making private assets more available to more people. 'Historically, a number of private-market strategies have produced higher performance and additional diversification in defined-benefit pensions,' says Peter von Lehe, head of investment solutions and strategy at Neuberger Berman. 'It's appropriate that a broader range of investors have access to private assets in their defined-contribution plans because of the potential for return and diversification that these long-term investments can provide.' However, von Lehe cautions that these investments are illiquid and 'have a higher degree of complexity.' He says his 'most appropriate use case' for private-market investments is through professionally managed target-date funds or other funds that allocate a percentage of defined-contribution money to these complex but potentially more lucrative alternatives. Read: Here's something the rich know about managing investment risk that can help you, too Financial advisers have differing views on the role of private assets in client portfolios. Steven Roge, a certified financial planner in Bohemia, N.Y., says private markets are not for everyone. 'It's for people in the wealth-accumulation phase, say 40 to 50 years old, who have a long time horizon and a high risk tolerance,' Roge says. 'And they have to be sophisticated enough to understand it. We know if they don't understand it, they may not stick with it.' Of the firm's 300 clients, he says that 'only about a dozen' fit the bill for adding private-market assets to their retirement accounts. Even with the expanded investment options that may result from the White House's action, Roge remains a fan of passive strategies for most investors. 'Indexing is how they will win over the long run,' he says. 'But some clients want something that's special and different' as they seek market-beating returns. Given the illiquidity of private assets, Roge anticipates setting expectations for those clients who tend to monitor their portfolio daily — and who engage in frequent trading. 'These private investments may only price four times a year,' Roge says. 'That's not enough action for certain clients who track their portfolio like a hawk.' In his personal portfolio, Roge uses private markets — especially private equity — to diversify his holdings. He says he allocates about 25% to alternative assets. 'It helps me sleep at night knowing my portfolio isn't being pushed around by the volatility of public markets,' he says. Roge adds that he is not concerned about the current high valuations of private-equity funds. 'The valuations [of private-equity funds] are more realistic than the erratic valuations we see in public markets on a daily basis,' he says. Other advisers are more skeptical of the White House executive order. 'It's less being done out of interest for the general public and more for private industry lobbying the [Trump] administration,' says Alex Ruda, an adviser in Silver Spring, Md. The executive order undoubtedly pleases asset managers and private-equity firms. For years, they've wanted to attract retirement savers' money. These savers bear primary responsibility for managing their 401(k) compared with today's older retirees, many of whom receive employer-funded defined-benefit pensions. While some younger savers enjoy picking their investments, others dread it. 'The average American worker isn't equipped to navigate these complex [private-market] investments,' Ruda says. 'And they may fall prey to a little performance chasing given where we are in the market cycle' — as private markets have outperformed publicly traded stocks since 2000. Ruda feels so strongly about not incorporating private assets into client portfolios that he's willing to forgo newcomers who express such interest. 'If I wanted to broaden my client base, I'd have to play to what they want,' he says. 'But I don't have to do that. So I'd say to them, 'I'm not the best fit.'' Read next: Here's what it's like to invest in private equity — and why you don't want it in your 401(k) More: As private equity enters retirement plans, is it too dangerous for average investors to jump in? I'm a senior who barely survives on $1,300 a month. No way could I live on $1,000. 'I am a senior citizen': My car needs $3,500 for repairs, but only has a trade-in value of $6,000. Do I bother fixing it?
Yahoo
an hour ago
- Yahoo
Nexa International brands Unveils Royal Oasis in Pererenan, Asia's Top 3 Neighborhood
JAKARTA, Indonesia, Aug. 16, 2025 (GLOBE NEWSWIRE) -- Pererenan Ranks Among Asia's Top 3 Neighborhoods — Nexa International brands Unveils Royal Oasis Collection at Its Heart Named one of Asia's top three neighborhoods by TimeOut Worldwide, Pererenan is quickly becoming a global favorite — known for its seamless blend of raw natural beauty, creative spirit and sophisticated coastal lifestyle. In the middle of this thriving, ever-evolving area, Nexa International brands presents Royal Oasis Collection — a boutique residential project that brings together clean, thoughtful architecture, private rooftop gardens and a design philosophy deeply in tune with the soul of the place. Slated for completion within a year, Royal Oasis Collection isn't just a peaceful sanctuary — it's a smart investment. With high-end property demand in Pererenan on the rise, early buyers can look forward to strong value growth and long-term rewards. Royal Oasis Collection by Nexa international brands — modern tropical living, reimagined with quiet elegance and solid returns on the are places you visit — and there are places that transform you. Set amid the lush hills of Ubud, Tampak Siring Resort is poised to become one such visionary new project is the result of a creative partnership between Nexa International brands and Andra Matin, the iconic Indonesian architect known for his poetic take on tropical minimalism. The collaboration merges refined design, cultural sensitivity and architectural soul — all rooted in the timeless rhythm of Bali's most spiritual than just a resort, Tampak Siring is a statement: about what it means to build with intention, to honor the land and to create spaces that make you pause, be in the exact moment and offers quiet luxury. For Nexa International brands international group and Andra Matin, this partnership marks a meeting of visionaries — and a mutual elevation of identity. It also signals a rare investment opportunity, with projected growth as the resort nears completion and interest in Ubud's design-forward hospitality market continues to rise. With its seamless blend of natural materials, sculpted light, and immersive stillness, Tampak Siring Resort offers more than a stay — it offers a state of soon. Media Contact Name: Natalia KamyshanEmail: pr@ Organization: Nexa International brandsWebsite: Disclaimer: This press release is provided by Nexa International brands. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
This Under-the-Radar AI Stock Could Double Your Money by 2028
Key Points Upstart's business is rebounding as interest rates go down and it improves its model. It has an edge in disrupting the traditional credit evaluation space as its AI model approves more loans without adding risk. Upstart stock is trading at an attractive price. 10 stocks we like better than Upstart › Artificial intelligence (AI) has been a major market driver for nearly three years already, but interest hasn't abated. AI is changing how people do nearly everything, speeding up processes and making many actions cheaper and easier. Many popular AI stocks continue to climb, including Nvidia and Palantir Technologies, up 36% and 147% respectively. But there are also smaller stocks that offer incredible opportunities, perhaps even more compelling than the stocks that have already caught market attention. Consider Upstart Holdings (NASDAQ: UPST). The AI-based lending platform was a market favorite before its business seemed to implode, and investors have lost interest in it. It's up only 4% year to date, despite an outstanding second-quarter report. But as the business rebounds, Upstart stock could soar a lot higher. A better way to lend money Upstart's platform uses AI and machine learning to evaluate credit risk. It uses millions of data points and many different criteria and offers nearly instant approvals -- a modern version of the traditional credit score, which has a limited scope. It says that its model approves more loans without adding risk to the lender, which puts more money to work for lenders and gives borrowers greater financial freedom. Although it was growing by leaps and bounds when interest rates were at zero, the good times came to an end when interest rates were raised, since it was more challenging to identify good borrowers when default rates were climbing. Although interest rates have started to come down, management says its return to growth is unrelated to the decline. It's leaned into its business over the past few years, rolling out new products, expanding the platform, and improving its algorithms. There was major progress in the second quarter. Revenue more than doubled from last year, and transaction volume was up 159%. It also returned to positive net income on a generally accepted accounting principles (GAAP) basis a quarter earlier than expected, with $5.4 million in the second quarter. A huge opportunity The credit evaluation industry is huge, but it's been dominated by a small number of leaders for several decades. Upstart says that $25 trillion is originated in loans globally among all categories, including personal, home, credit card, and more. It claims that at least $1 trillion goes to whoever originates and services the credit. Upstart offers a better and cheaper experience for everyone involved along the service line, which is how it has entered this space and captured market share. Since it started, customer acquisition costs have been halved despite sales growing fivefold, it has reduced its workforce by 66%, and it approves loans at 36% lower rates. As it continues to train its models with more data points, they're improving, offering an even better value proposition. And as it continues to enter new categories, the opportunity expands. Originations from its newest product, a home equity line of credit, increased ninefold from last year in the second quarter. A better entry point Upstart stock had risen to astronomical valuations before it plunged, but the price is looking reasonable today. It trades at a forward, 1-year P/E ratio of 25 and a price-to-sales ratio of 7. That gives it room to expand as the market gains more confidence in its chances. The market found what to worry about in the second quarter update despite the strong performance, including Upstart holding too many loans on its books, the health of its funding pipeline, and an outlook that included a lowering of full-year net interest income. But if you can zoom out and focus on the bigger picture, Upstart could be a lot bigger and more profitable over the next three years. It's hard to come up with a potential growth rate over the next three years because the business is in flux. Last year at this time, revenue decreased 6% from the year before. But interest rates are likely to keep coming down, and Upstart's improvements make it likely that it will get more business as they do. If it can manage a compound annual growth rate of 30% over the next three years, revenue would more than double, and keeping the price-to-sales ratio constant, so would the stock. Should you buy stock in Upstart right now? Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Upstart wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Palantir Technologies, and Upstart. The Motley Fool has a disclosure policy. This Under-the-Radar AI Stock Could Double Your Money by 2028 was originally published by The Motley Fool
