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
Unemployment or recession fears aren’t stopping workers from making career moves
For more than a year now, workers have been told to strap in for a recession that could zap their historic career opportunities, harm their unprecedented amount of bargaining power and injure their...
Bank of America CEO says the Fed’s biggest challenge is power of US consumer
Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is “not good for the United States to go through...
Will The Fed Provide The Pause That Refreshes The Economy?
One could be forgiven for thinking that last Friday’s headline showing the U.S. economy created a much larger-than-expected 339,000 jobs in May would send stocks lower rather than higher. After all,...
With these many jobs, do we no longer have to worry about a recession?
US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday.
That’s when the Labor Department released its latest jobs report, which indicated...
Amazingly, the U.S. job market continues to roar. Here are the 5 things to know
...Even construction companies added 25,000 jobs, despite the drag on the housing market after the Fed sharply raised interest rates.
The only industries showing job losses last month were manufacturing...
How Does Gold Perform With Inflation, Stagflation And Recession?
AT A GLANCE
Gold prices soared in the 1970s era of inflation, but the root causes of inflation are different today
In six of the last eight recessions, gold outperformed the S&P 500 by 37% on...
The job market held up in May. But the Fed may have already decided to pause
The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their...
Nasdaq, S&P 500 Set 2023 Highs
The tech-heavy Nasdaq hit a 14-month high Friday, largely driven by massive gains from a handful of the widely tracked tech index’s largest companies, while the Dow Jones Industrial Average...
Crypto during a recession: Here’s what to expect
Bitcoin and other cryptocurrencies have been on a roller coaster ride over the last 18 months, starting in late 2021, when the Federal Reserve announced that it would aggressively raise interest...
Strong Employment, Inflation Means Fed Has To Keep Hiking Interest Rates In 2023
The shows continued growth in the economy, with no deceleration. Wage inflation has slowed relative to its peak in 2022, but the latest monthly data show it continuing well in excess of reasonable...