Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email. A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. >> Learn how to be WireSafe
Big Tech Faces Capex Vigilantes As Earnings Surge Summary The second busiest week of earnings season sees 169 S&P 500 companies reporting, with 86% beating estimates. The S&P 500's blended earnings growth is a robust 47.4% year-over-year, far...
The World Cup Made Cabo Verde Famous, But Is It Ready For The Attention? Cabo Verde may have exited its first FIFA World Cup in the round of 32, but the archipelago left North America with something potentially more valuable than a trophy: global recognition. Suddenly,...
Why The Fed Isn’t Going To Contain Inflation Summary June's PCE inflation data showed a slight cooling, with core PCE at 0.1% month-over-month and 3.3% year-over-year, while overall PCE was 0.0% and 3.7% respectively. However, the this offers...
WH economic adviser calls economy ‘amazing’ despite slowed growth
The AI Boom Is Making Interest-Rate Decisions Harder Summary The AI boom presents a unique dilemma for central banks, creating conflicting pressures on interest rates. Huge investments in AI infrastructure, like data centers and power, are currently...
US economy’s growth was weaker than expected in the second quarter The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Washington — The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their...
The economy slowed a bit -- but Americans continued to spend The U.S. economy grew more slowly this spring than it did earlier in the year, but consumers continue to spend freely. Gross domestic product — the broadest measure of economic activity — grew at an...
Q2 GDP Commentary from MBA's Mike Fratantoni Share to The following is MBA SVP and Chief Economist Mike Fratantoni’s reaction to this morning’s U.S. Commerce Department report on...
Fed’s Benchmark Inflation Measure Cooled Last Month—But U.S. Economy Slowed In Second Quarter The Federal Reserve’s go-to inflation metric fell from a nearly three-year high in June as economic growth was slower than expected this latest quarter, according to federal data...
US economy’s growth was weaker than expected in the second quarter Washington — The world’s largest economy unexpectedly lost steam heading into the summer as the destabilizing conflict in the Middle East upended energy markets. US gross domestic product, which...