Ever think you’re too savvy to fall for a scam? Think again. AI scammers are getting sophisticated, and your money could be at risk. From faking voices to creating realistic fake websites, they're pulling out all the stops. Stay vigilant and protect your money. Sophisticated AI Scams Threaten Your Savings
AI is making scammers harder to spot. They're now better at writing and sounding real. They can even fake your voice and identity. Banks and experts say old scams now use AI to target more people. AI helps scammers use personal info to make their tricks believable. Traditional signs of scams, like bad grammar, are gone. Scammers fake IDs to open bank accounts and use computer-generated faces to pass checks. Banks are fighting back with AI, securing payments and educating customers. Experts say always check who you’re sharing info with. If someone asks for money via crypto, cash, or wire transfer, it’s likely a scam. In 2023, people lost a record $10 billion to scams. Scammers often create urgency to rattle you into quick decisions. Take a step back, breathe, and don't use Google to search. Scammers can rank fake sites with fake numbers. Always type in the URL directly. Economists Slam Trump’s Plan
Sixteen Nobel prize-winning economists warned that a Trump win would hurt the U.S. and world economy. They believe President Biden’s economic plans are better. They argue Trump’s plans would increase inflation, partly due to higher tariffs on Chinese goods. This would make many products more expensive for Americans. The letter was signed by notable economists who all agree Biden’s policies are superior. Biden and Trump are in a tight race. Despite slowing inflation, many Americans still feel the pinch of high prices. Trump’s tariff plans worry economists, who fear it will worsen inflation. The U.S. economy will be a key topic in the first debate. Trump blames Biden for inflation, while Biden criticizes Trump’s trade policies. Radical Ocean Plan to Save Earth
Startups are trying to cool Earth by using the ocean. They tweak sea chemistry to absorb more carbon. It's a bold idea but risky and unproven at scale. One startup uses electrochemistry to pull carbon from seawater. They’re building plants in Singapore and Quebec. Another mixes sand with a mineral to trigger carbon removal. This project is set near North Carolina. Oceans already absorb 30% of Earth's carbon. These technologies could remove millions more tons. Corporations are eager to buy carbon credits, fueling growth. Startups must prove their methods work and are financially viable. Some fear risks to marine life from these methods. Researchers are testing to ensure safety. The race is on to see if oceans can help save our planet. Wall Street’s ‘Cash Trap’ Scare
Americans are holding lots of cash due to high interest rates. Wall Street claims this is risky, calling it a “cash trap.” A retired banker loves the safety of cash. He’s waiting for lower rates to buy a second home. Many are following this trend, with money-market funds hitting a record $6.12 trillion. Wall Street says rates have peaked, and keeping cash might soon yield less. They suggest moving money into stocks and bonds for better gains. They argue that inflation and taxes reduce cash value over time. Some worry about market risks from global issues. But Wall Street warns against staying in cash, saying it limits growth. They believe long-term investments in diverse portfolios are better, despite current fears. Quick Sizzles:
That's it for today's Market Sizzle! Stay sharp, protect your savings from AI scams, and keep an eye on the ever-changing market landscape.
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Rabu, 26 Juni 2024
AI Scammers Are Coming for Your Cash!
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