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☆ Dollar holds steady despite rate cut bets; Aussie rises after jobs data
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +3 min

The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. Markets have further trimmed back expectations for a December rate hike from the Bank of Japan after Bloomberg news reported Japan's central bank sees "little cost" to waiting. The Politburo on Monday vowed to switch to an "appropriately loose" monetary policy to spur economic growth. The Swiss franc traded at 0.88315 per dollar, with markets weighing the prospect of a half-point rate cut on Thursday from the Swiss National Bank. The dollar last fetched C$1.41435 after the Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth.

Persons: Carol Kong, Traders, Sterling Organizations: U.S ., Treasury, U.S . Federal, Aussie, European, Bank's, Treasury Department, Fed, Commonwealth Bank of Australia, Bank of Japan, Bloomberg, Economic Work, Reuters, Swiss, Swiss National Bank, Bank of Canada Locations: U.S, China's, China

☆ Americans who are charged overdraft fees are now on track to save $225 a year
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The CFPB previously found that banks were charging Americans unnecessary overdraft fees. AdvertisementOn Thursday, the Consumer Financial Protection Bureau announced that it finalized a rule that would limit overdraft fees at the bank. Overdraft fees are charged when customers make a withdrawal that results in a negative account balance. Lower-earning Americans are disproportionately impacted by overdraft fees, per a previous report from the CFPB. Have you paid overdraft fees or struggled with banking fees?

Persons: Rohit Chopra, Donald Trump, Elon Musk, Vivek Ramaswamy, Musk, Chopra, Musk's Organizations: Consumer Financial, Bureau, Department of Government, asheffey

☆ India economic activity to improve, peak in fiscal fourth quarter, says Enam Holdings
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia economic activity to improve, peak in fiscal fourth quarter, says Enam HoldingsManish Chokhani, director at Indian investment group Enam Holdings, said that while there have been calls from Indian politicians for a looser monetary policy, it is very hard for the Reserve Bank of India to lower rates if inflation still runs at the bank's upper limit of 6%.

Persons: Manish Chokhani Organizations: India, Enam Holdings, Reserve Bank of India

☆ Why investors should move out of excess cash in 2025, according to experts
▼ + stars: | 2024-12-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Yields on cash-equivalent investments like money market funds , certificates of deposit and Treasury bills follow the Federal Reserve 's interest-rate moves. A record $6.77 trillion is sitting in money market funds, as of the week ended Dec. 4, according to the Investment Company Institute . Money market funds, with 12-months yields about 5%, averaged around a 7.34% return during that same time period, Alvarado said. Locking in income Investors' portfolios should be tailored to their time horizon and risk profile, Queen said. UBS is also advising investors to shift excess cash into assets that provide higher and more durable sources of income.

Persons: Peter Crane, Crane, Donald Trump, Cash, Luis Alvarado, Alvarado, Mark Haefele, Haefele, John Queen, Queen, Wells Fargo Organizations: Federal, Investment Company Institute, Fed, Crane, Bureau of Labor Statistics, Vanguard, Wells, Wells Fargo Investment Institute, Morningstar U.S, Fund, UBS, UBS Global Wealth Management, Capital Group, Wells Fargo Investment Group Locations: Wells Fargo, Asia

☆ Bankruptcy judge rejects The Onion’s bid to buy Alex Jones’ Infowars
▼ + stars: | 2024-12-11 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

A bankruptcy judge on Tuesday rejected a bid by The Onion’s parent company to buy Alex Jones’ far-right media empire, including the website Infowars, ruling that the auction process was unfair. A rival bidder associated with Jones, First United American Cos., offered $3.5 million in cash, or twice as much cash as The Onion’s parent company. In testimony before the bankruptcy court in Houston, Murray defended the auction process he used. He said his only goal was to maximize the payout going to the unsecured creditors of Jones’ company. Jason Goldstein, a lawyer for The Onion’s parent company, said in court that the delay after the conclusion of the auction had been costly.

Persons: Alex Jones ’, Christopher Lopez, “, ” Lopez, “ I’m, Jones, Lopez, Christopher Murray, Murray, you’ve, Ben Collins, ”, Collins, Sandy Hook, Infowars, Chris Mattei, Alex Jones, Mattei, Sandy, Cos, Walter Cicack, “ Cash, Houston , Murray, “ I’ve, Jason Goldstein, “ They’re Organizations: Global, NBC News, Gun Safety, First, First United, Free Speech Systems Locations: Houston, Connecticut, First United, Houston ,

☆ Former Florida TD Bank employee charged in cartel money laundering scheme
▼ + stars: | 2024-12-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A former Florida-based TD Bank employee was arrested for his alleged role in a massive money-laundering scheme by drug cartels for which the US government previously fined the bank $3 billion. The arrest follows the record fine TD Bank faced in October, after the US Department of Justice said it had “long-term, pervasive, and systemic deficiencies” in its procedures for monitoring transactions. More than 90% of transactions went unmonitored between January 2018 to April 2024, which “enabled three money laundering networks to collectively transfer more than $670 million through TD Bank accounts,” according to a previous legal filing. It’s rare for the government to go after an individual bank employee in this kind of case. In October, TD Bank CEO Bharat Masrani said in a statement: “This is a difficult chapter in our bank’s history.

Persons: New York CNN —, Leonardo Ayala, ”, Ayala, Bharat Masrani, CNN’s Matt Egan, Jordan Valinsky Organizations: New, New York CNN, Bank, US, of New, US Department of Justice, Treasury, CNN, Court, New Jersey US, TD Bank, US Treasury Department’s, Network, US Justice Department Locations: New York, Florida, of New Jersey, Doral , Florida, Miami, New Jersey, Colombia, United States

☆ Takashi Murakami uses AI to help recreate ancient Japanese paintings in latest show
▼ + stars: | 2024-12-11 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

The epic, 13-meter-long artwork is the crown jewel of a new exhibition at the Gagosian. Gagosian“The original painting was super old,” Murakami told CNN at the exhibition opening. Elsewhere in the exhibition, Murakami engages with other key pieces of Japanese art history such as Kano Utsunenobu's "Chinese Lions Screen" from the 16th century. As many of his contemporaries struggle — or refuse — to embrace AI, Murakami’s huge community of workers help him keep pace with changing attitudes to technology. “Maybe it’s very early, but in seven or 10 years time, people could be using AI to make fast drawings.”“For me it’s very curious.

Persons: Iwasa, Byobu ”, Takashi Murakami, Murakami, ” Murakami, “, Amoako Boafo, Joanna Pousette, ”, Byobu, Iwasa Matabei Murakami, ” Iwasa, Kano, Ben Stansall, Ogata Kenzan, Utagawa Kuniyoshi, Tawaraya Sotatsu, Kano Eitoku, Murakami —, Kaikai Kiki, — Organizations: London CNN, Tokyo National Museum, CNN, Getty Locations: London, Edo, Kyoto, Misuji, AFP

☆ Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop & more
▼ + stars: | 2024-12-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

GE Vernova — Shares of the energy equipment maker jumped more than 6% after announcing it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million for the third quarter. Analysts surveyed by LSEG anticipated a loss of 37 cents a share and $466 million in revenue. Patterson — The dental and animal health company soared 34% on the back of news that Patterson would be acquired by Patient Square Capital . Stitch Fix — Shares surged 44% after the online personal styling company raised its fiscal second-quarter revenue outlook.

Persons: Pinjalim Bora, Macy's, GE Vernova, Chris Morris, Buster's, LSEG, Duolingo, Patterson, General Motors, Bausch, Merrell, Krispy, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Broadcom, Apple, JPMorgan, GE, Buster's Entertainment, Dave, Bank of America, GameStop, Patient Square, General, Citi, Stifel, JetBlue —, Street, Story3 Capital Partners, U.S . Pharmacy, CVS Health, Senate Locations: Detroit, U.S

☆ Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
▼ + stars: | 2024-12-11 | by ( ) www.cnbc.com time to read: +3 min

One dollar and 10 cents in Australian currency sit atop a U.S. one dollar note in this photo illustration taken in Sydney July 27, 2011. The Australian dollar sagged near a four-month low after a dovish tilt to the central bank's policy outlook a day earlier. Traders currently assign 85% odds to a quarter-point rate cut by the Fed on Dec. 18. The Aussie was little changed at $0.6380 after dipping to $0.63655 a day earlier for the first time since Aug. 5. The Swiss franc held firm at 0.8830 per dollar, with markets assigning 61% odds to a half-point rate cut on Thursday from the Swiss National Bank.

Persons: China's, Andrew Hauser, James Kniveton, Kniveton, Sterling Organizations: Federal, Economic Work Conference, Beijing, Tuesday's Reserve Bank of Australia, Traders, Fed, Federal Reserve, U.S ., European Central Bank, Swiss, Swiss National Bank, The Bank of Canada, . One U.S Locations: Sydney, Australia

☆ Wall Street analysts love these dividend aristocrats heading into the new year
▼ + stars: | 2024-12-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With investors' upbeat sentiment toward stocks unabated heading into 2025, analysts are eyeing a collection of dividend stocks as a way of betting on the market, mitigating risk and picking up some income along the way. To aid in the search, CNBC Pro screened for so-called dividend aristocrat stocks that analysts also recommend. Each pays a dividend yield of at least 1.3% (above the S & P 500). The bank's $225 per share price target suggests about 27% upside for AbbVie stock. "ABBV's appeal is based on expectation for meeting or beating guidance, top dividend yield, and reasonable valuation," TD Cowen analyst Steve Scala said.

Persons: Stocks, AbbVie, TD Cowen, Steve Scala, Jean Ann Salisbury Organizations: CNBC Pro, FactSet, Chevron, Bank of America, San, NextEra Energy Locations: San Ramon , California

☆ Stocks making the biggest moves premarket: GameStop, Macy's, GE Vernova, Duolingo and more
▼ + stars: | 2024-12-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

GE Vernova — The energy equipment maker fell 2.4% after it issued weaker-than-expected full-year revenue guidance for both the 2024 and 2025 fiscal years. GE Vernova also announced it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Duolingo — Shares of the language learning company slipped by about 2% after a downgrade to neutral from buy at Bank of America. GameStop — The video game retailer saw shares rising more than 3% in premarket trading after the firm reported an unexpected profit in the latest quarter. Stitch Fix also raised the top end of its full-year revenue outlook and now expects $1.14 billion to $1.18 billion.

Persons: GE Vernova, Buster's, Duolingo, FactSet, General Motors, Bausch, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox, Samantha Subin, Jesse Pound, Spencer Kimball Organizations: GE, Bank of America, GameStop, Google, Patterson, —, Patient Square Capital, General, GM, Citigroup, JPMorgan Locations: Detroit, Stifel

☆ What propelled the Nasdaq above 20,000 — plus, a few weak spots in the stock market
▼ + stars: | 2024-12-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Market moves: Tech stock strength on Wednesday pushed the Nasdaq up nearly 2% and above 20,000 for the first time ever. Both of the Club stocks made a strong move higher Wednesday, with Krispy Kreme revealing that it was hacked bringing further attention to the cybersecurity stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Tesla, Thursday's, Eli Lilly, Wells, Charlie Scharf, Goldman Sachs, Scharf, Jim Cramer's, Donald Trump, haven't, Krispy, we'll, Jim Organizations: CNBC, Wednesday, Nasdaq, Dow, Apple, Broadcom, Myers Squibb, Utilities, Federal Reserve, Fed, Bank, Financial Services Conference, Palo Alto Networks, Club, Adobe, Jim Cramer's Charitable Locations: Bristol, U.S, Wells Fargo, Palo

☆ How tech's right-wing elite made 'debanking' claims into a political rallying point
▼ + stars: | 2024-12-10 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +15 min

There is no guaranteed right to banking services, and Andreessen and Musk both have a history of making inflammatory political statements. Last week, in a victory for the crypto industry, Trump said he would appoint the venture capitalist David Sacks, an industry ally, as his “White House A.I. Tom Williams / CQ-Roll Call via Getty Images fileTrump during the campaign wooed crypto industry support in part by talking about debanking. Still, his comment prompted others to share personal stories about losing access to banking services with no explanation and despite having good credit. At least one bank industry trade group says debanking is a real issue — and one that’s caused by government regulators’ pressure.

Persons: Elon Musk, Marc Andreessen, Biden, debanked, ”, Joe Rogan, ” —, Musk, JPMorgan Chase, Donald Trump, Andreessen Horowitz, debanking, Rohit Chopra, Joe Biden, Trump, David Sacks, ” Sacks, Paul Atkins, Tom Williams, they’ve, Melania Trump, “, wouldn’t, Barron Trump, Donald Trump Jr, Ritchie Torres, cryptocurrency, they’d, ” Marisa Coppel, Rogan, Andreessen, Sid Kalla, Kalla, ” Kalla, Chase, Jamie Dimon, It’s, Sen, Kevin Cramer, ” Cramer, ” Donald Trump, Justin Sullivan, it’s, Obama, Sam Bankman, Paul Grewal, ’ ”, Banks Organizations: Netscape, Treasury Department, JPMorgan, Consumer Financial Protection Bureau, ”, debanking, The Free Press, PayPal, Securities and Exchange Commission, Republican National Convention, Getty, Trump, White House, Blockchain Association, Roll Labs, Turing Holdings, Chase, Labs, Bank Policy Institute, FBI, North Korean, Banking Act, NBC News, Justice Department, Federal Reserve, Federal Deposit Insurance Corp, FDIC, “ Locations: U.S, North Korea, Milwaukee, Nashville , Tennessee, America, New York, Brooklyn Heights, paychecks, North Dakota, Fargo, N.D

☆ The Omnicom-IPG megamerger signals a new era for the ad industry
▼ + stars: | 2024-12-10 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.

Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, —, Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York

☆ The top 39 stocks expected to beat the S&P 500 by almost 4 times in 2025, according to Goldman Sachs
▼ + stars: | 2024-12-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The stock market has seen a strong year so far, with a 27% return and low volatility. But the bullish run isn't expected to be as strong in 2025, Goldman Sachs said. AdvertisementIt has been a great year for the stock market, not just because of the S&P 500's 27% return this year but also because of muted volatility. Still, there are rumblings of a slowing stock market. Below is a list of each stock, including its ticker, the next 12 months' expected price-to-earnings ratio, and its expected returns relative to its implied volatility.

Persons: Goldman Sachs, that's, David Kostin Organizations: Chief, Equity

☆ World governments need to curb spending or risk being 'too late' when markets panic, BIS warns
▼ + stars: | 2024-12-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Governments need to address high debt levels before markets revolt, the Bank for International Settlements said. Runaway debt isn't unique to the US, and bond yields could surge across global economies. AdvertisementGlobal politicians need to act on rising debt levels or risk facing a revolt from global markets, the Bank for International Settlements said this week. BIS, which facilitates collaboration between world central banks, has long been apprehensive about ballooning debt levels. By 2028, IIF expects government debt levels to rise by more than a third.

Persons: Claudio Borio, Borio, Donald Trump's, IIF, Michel Barnier Organizations: Bank for International, BIS, Bloomberg, Bank, International, Institute of International Finance, The, of International Finance Markets Locations: France

☆ 5 Citi lifers who made managing director on getting ahead at work and navigating the bank's massive 'transformation'
▼ + stars: | 2024-12-10 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +11 min

What would you say is the biggest change at the bank/your field since you joined? What is the biggest impact the bank's transformation has had on your approach to your job? What is the biggest impact the bank's transformation has had on your approach to your job? What would you say is the biggest change at the bank/your field since you joined? What is the biggest impact the bank's transformation has had on your approach to your job?

Persons: Jane Fraser, Fraser, Bridget Griffin Bridget Griffin, CAO, Supriya Ramamurthy, John Hogue John Hogue, It's, I've, Juan Francisco Orrego Echeverri Juan Francisco Orrego Echeverri, Darwin Yoanna Darwin Organizations: Citigroup, Citi, Business, Global, York, Supriya Ramamurthy Citi, Banking, New York, Citi Head, Citi Wealth, Juan Francisco Orrego Echeverri Juan Francisco Orrego Echeverri Citi, Costa Rica, Darwin Yoanna Darwin Citi Asia South Treasury, Trade Solutions, Corporate, Public Sector Locations: Hong Kong, Asia, New, Sydney, Australia, Singapore, Costa, Costa Rica, Spanish, Indonesia

☆ Gold hits two-week high in the run-up to U.S. inflation data
▼ + stars: | 2024-12-10 | by ( ) www.cnbc.com time to read: +2 min

Gold bar replicas are displayed at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. Gold prices hit a two-week high on Tuesday, underpinned by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week, while the market's gaze shifted to Wednesday's U.S. inflation data. "The CPI data will have limited impact on gold, especially if we get a print around the expected figure. Gold is considered a safe investment during economic and geopolitical turmoil and tends to thrive in a lower interest rate environment. Spot silver added 0.6% to $32.00 per ounce, platinum fell 0.4% to $935.55 and palladium was down 0.6% at $968.00.

Persons: Peter Grant, Fawad, Razaqzada Organizations: Developers Association of Canada, Federal Reserve, Wednesday's, Zaner Metals, Bank of, ECB, SNB, U.S . Consumer, Index, Forex.com Locations: Toronto , Ontario, Canada, U.S, Bank of Canada, China

☆ Nomura's 'grey swans' for 2025 should give investors pause
▼ + stars: | 2024-12-09 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Nomura has some potential surprises investors should at least consider heading into 2025, and one of them involves bull market leader Nvidia , which is weighing on the broader market Monday . As part of its 2025 outlook, the firm listed its so-called grey swan events. "We prefer a grey swan — a low probability, high impact event that few expect," the firm told clients, while including some ways to position for these surprises. However, the firm noted that low index volumes mean hedges should stay cheap for investors. Here are the other five "grey swan" events the bank laid out for clients, along with its tips on how to best position:

Persons: Nomura, Blackwell Organizations: Nvidia Locations: China

☆ Citigroup sets 6,500 target for S&P 500 in 2025
▼ + stars: | 2024-12-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The bank set a 6,500 target for the S & P 500 for 2025 as its base case. .SPX YTD mountain The S & P 500 is on pace to add more than 20% for the second-straight year. Citi's bull case has the S & P 500 scaling to 6,900, while its bear case calls for a pullback to 5,100. Chronert also forecast earnings growth of more than 13% for S & P 500 companies in 2025. Previous work showed that tariffs are likely to create a drag to earnings," Chronert said.

Persons: Donald, Scott Chronert, Chronert, Trump's Organizations: Citi, White, Nasdaq, Dow Jones

☆ Something odd is happening during this latest portion of the stock rally
▼ + stars: | 2024-12-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

It's not all sunshine and rainbows when looking under the hood of this latest leg of the stock market rally. Krinsky also noted that the advance-decline line at the New York Stock Exchange, a breadth measure that calculates the difference between advancing and declining stocks, fell all five trading days last week. The former saw a few more days of rally before a -10% drawdown, while the latter saw a quick -5% drawdown before a marginal new high that ended that cyclical bull market," wrote the firm's chief market technician. .SPX YTD mountain SPX year to date To be sure, a sample size of two instances hardly makes a historical trend. The bank also hiked its price target on the stock to $200 from $70, implying upside of nearly 23%.

Persons: It's, BTIG's Jonathan Krinsky, Krinsky, Morgan Stanley, Brian Nowak Organizations: New York Stock Exchange

☆ They were closing on their dream home. Then they fell for a little-known real estate scam
▼ + stars: | 2024-12-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Without realizing it, Brown had fallen victim to a real estate con that has grown more common as communication for business transactions increasingly move online. The FBI calls this sophisticated scam “business email compromise,” or BEC. Homebuyers and sellers should look for red flags among the large influx of emails and other correspondence around a home’s closing. I’ve worked two jobs just to afford this house.”Advances in technology have increased the risk of real estate fraud, according to CertifID. Joan Rogers, a real estate agent in Portland, Oregon, has been taking extra precautions with buyers and sellers.

Persons: Cullen Brown, Brown, He’d, ” Brown, ”, Michael Chapple, “, it’s, hadn’t, ” Tirthani, I’ve, Tyler Adams, Tirthani, CertifID, don’t, Joan Rogers, didn’t, Rogers doesn’t, Adams, Rogers, ” Rogers, Cliff Steinhauer, ” Steinhauer, “ Don’t Organizations: CNN, FBI, University of Notre Dame, CertifID, Getty, National Cybersecurity Alliance Locations: Chicago, Nashville, scammers, Portland , Oregon

☆ AMD downgraded after BI report on weak demand for its AI chips among AWS customers
▼ + stars: | 2024-12-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Bank of America downgraded AMD on Monday, citing higher competitive risk in the AI market. AWS customers' low demand for AMD AI chips and Nvidia dominance impact AMD's growth potential. AMD could still succeed due to Nvidia supply issues and its server chip market position. AdvertisementBank of America downgraded AMD after a Business Insider report raised concerns about demand for the tech company's AI chips. AdvertisementAMD recently increased its GPU sales forecast, just a year after launching its line of AI chips.

Organizations: of America, AMD, Nvidia, Bank of America, Marvell, Broadcom, Nvidia's . Bank of America, Intel Locations: Nvidia's .

☆ A real estate investor and agent says don't bank on rates coming down in 2025 — and shares 2 strategies to help you score a lower-than-average mortgage payment
▼ + stars: | 2024-12-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Real estate agent and investor Dana Bull says don't count on rates dropping in 2025. Instead, she offers two tips for securing a lower mortgage rate in any environment. AdvertisementIf you're looking to buy a home or invest in real estate in 2025, don't wait for rates to drop before making a move. AdvertisementAs of December 2024, the average 30-year mortgage rate fell to 6.30% from around 6.56% in November. "If somebody comes in with a significantly lower rate and everything else is the same essentially, it does make sense to go with that lower rate, so long as that lender is going to be able to close the deal."

Persons: Dana Bull, Bull, It's, doesn't Locations: Massachusetts

☆ Loonie, Aussie in focus while U.S. dollar idles
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +3 min

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.

Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China

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