AI Scammers Are Coming for Your Cash!

Market Sizzle: Cash Traps, Ocean Fixes, and Election Impact ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [AI Scammers Are Coming for Your Cash!]( Market Sizzle: Cash Traps, Ocean Fixes, and Election Impact [Josh Belanger](joshbelanger) Jun 26 joshbelanger   [READ IN APP](   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: - Microsoft's EU Antitrust Battle: Brussels charges Microsoft with anticompetitive behavior for bundling its Teams app with Office. This is the biggest EU case against Microsoft since their Windows showdown over 20 years ago. - Fed's Potential Rate Hike: Fed official Michelle Bowman supports more rate hikes if inflation remains high. This follows the Fed's aggressive rate increases to combat inflation, which peaked at over 7% in 2022. - Amazon Hits $2 Trillion: Amazon reaches a $2 trillion market valuation for the first time, fueled by an AI-driven rally. Shares rose 3.9%, cementing Amazon's place in an elite club of tech giants. - Yen's Historic Tumble: The yen falls to its weakest level since 1986, prompting speculation of government intervention. The decline impacts Japanese consumers by raising import prices, worsening economic conditions. - Airbus Supply Chain Woes: Airbus shares fall as engine and cabin parts shortages hit profit forecasts. The company cuts its annual delivery target and delays production goals, rattling investors. - JPMorgan's Tax Strategy Success: JPMorgan attracts over $15 billion in assets to its tax strategy unit, aiming to compete with Goldman Sachs and Morgan Stanley. Wealthy clients seek tax-loss harvesting to reduce tax bills and customize portfolios. 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. POLL Are you enjoying the Market Sizzle newsletter? [Yes, it's great!]() [It's okay, but could improve.]() [No, it needs a lot of work.]() You're currently a free subscriber to [Josh Belanger](. For the full experience, [upgrade your subscription.]( [Upgrade to paid](   [Like]( [Comment]( [Restack](   © 2024 Josh Belanger 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()