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SAN DIEGO (KGTV) - Charles Schwab is the latest large investment firm to offer fractional stocks as a way to get more people to invest.The move puts more high-dollar, blue chip stocks within reach for younger customers."It's a big win to consumers in general," says Steven Fox, the owner of Next Gen Financial Planning. "That's particularly helpful for younger investors because they typically tend to have smaller accounts."A recent report says that 66% of millennials say they're afraid of the stock market. Fox thinks it's because that generation watched their parents go through multiple downturns and were turned off by its volatility.But, Fox says fractional stocks, and other new ideas from large companies are enticing more people to invest. He says many firms are starting to offer perks like zero-commission trades, fractional stocks, and on-line based accounts to help people save money and invest more."It may only be 1%, but for a lot of people over a long period of time, as you account grows more and more, that 1% can mean a difference of tens or hundreds of thousands of dollars that you would have available to pull out later in life."Fox says it also helps people keep a more diverse portfolio. He says this is the start of a shift to more direct indexing, where investors will be able to use fractional stocks to create their own groups of investments, rather than buying pre-set mutual funds or indexes."You're gonna see more technology come out that makes it easy to do direct indexing and consumers are going to see more and more options here," says Fox. 1585

SAN DIEGO (KGTV) — Congressman Duncan Hunter and wife, Margaret, were arraigned Thursday in San Diego, where they entered their pleas to a 60-count indictment surrounding charges of campaign fund violations.Here are five fast facts to know about Thursday's arraignment:HUNTERS' PLEAThe Hunters both pleaded not guilty to the indictment handed down on Wednesday. Rep. Hunter has continued to plead innocent to charges against him since they were introduced in 2016.This week, Rep. Hunter called the indictment a "politically motivated" attack.HUNTER INDICTMENT: 573

SAN DIEGO (KGTV) — Days after revealing its move to downtown San Diego's Petco Park, KAABOO announced it's under new ownership.KAABOO's new owner, Virgin Fest, the music festival arm of The Virgin Group, will not change the festival's brand of live music, comedy, art, and culinary experiences, KAABOO said in a release.While Virgin Fest Founder and CEO Jason Felts has acquired all of the festival's assets, KAABOO San Diego itself will also not be rebranded. Felts formerly served as a partner and chief brand officer at KAABOO.RELATED: KAABOO music festival moving to Petco Park in 2020"We’ve been delighted to entertain hundreds of thousands of live entertainment fans," KAABOO Co-Founders Bryan Gordon and Seth Wolkov. "We are appreciative of Richard and Virgin’s early support of our brand and confident that in Jason and his team’s capable hands, the journey that we started to offer adults a truly differentiated festival experience is sure to live on and grow for many years to come."KAABOO says it will continue to look for ways to offer more live experiences and activations.This week, the festival announced its move to Petco Park in 2020, after spending its first five years at the Del Mar Fairgrounds.RELATED: San Diego's Wonderfront fest adds Migos, J.I.D., surprise band“The location of Petco Park and its surrounding venues in downtown San Diego provides fans and artists alike the opportunity to enjoy everything that the vibrant metro area has to offer. We couldn’t be more ecstatic about this partnership and our relocation,” said Felts.The three-day festival plans to feature concerts at Petco Park's playing field, Sycuan Stage at the Park, Lexus Premier Lot, and the Tailgate Lot. The festival also plans to continue offering comedy, art, and culinary experiences at the stadium.KAABOO San Diego is set for Sept. 18-20, 2020. Tickets are on sale now, starting at 9 for a three-day pass. 1945

SAN DIEGO (KGTV) — Customs and Border Protection officers say more than 300 pounds of drugs were seized from a truck at the Otay Mesa cargo port of entry this week.CBP officers say a tractor-trailer truck was stopped on Thursday at about 7 a.m. The driver was carrying a shipment of recycled cardboard, CBP said.The truck was referred to an imaging scan and exam, where an anomaly was detected in the truck's cab.CBP says officers removed 64 packages from two duffel bags hidden inside a sleeper compartment: 59 containing 286 pounds of methamphetamine and five bags containing 26 pounds of fentanyl.The narcotics, and tractor-trailer were seized and the driver, a 36-year-old Mexican citizen with a valid B1/B2 border-crossing card, was turned over to ICE and booked into the Metropolitan Correctional Center to face federal charges."Even in the midst of a global pandemic, we continue to see attempts to move hard narcotics across the border and into U.S. communities," said Pete Flores, Director of Field Operations for CBP in San Diego. "CBP officers at all of our nation’s legal border crossings remain on the job and vigilant during these unprecedented times." 1174

SAN DIEGO (KGTV) -- Authorities responded to reports of a California Highway Patrol Officer who crashed his motorcycle in Rancho Bernardo Thursday evening. According to the San Diego County Sheriff’s Department, the crash happened on northbound I-15 at Rancho Bernardo Road before 6 p.m. At this time, the cause of the crash is unknown. It’s also unknown whether or not the officer was injured in the crash. 416

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