big banks

Australia's four major banks are now unanimous in forecasting that the Reserve Bank of Australia will raise interest rates at its meeting next week. The shift to a shared expectation reflects growing conviction among economists that tighter monetary policy is needed to curb persistent inflation, and borrowers are bracing for another increase in mortgage costs.

Major banks are warning that AI agents — automated software that can act on a person's behalf — could open new doors for fraudsters and lead to an increase in scams. As more people delegate tasks like payments and account management to these tools, banks caution that criminals could exploit or impersonate them, and the industry is calling for stronger safeguards around agentic AI.

Bank of America analysts have identified Nvidia and several other stocks as trading at attractive prices, effectively labeling them 'on sale' for investors. The call comes as market attention stays fixed on Nvidia amid the AI-driven rally, and investors weigh whether recent pullbacks in major tech names represent buying opportunities. The bank's list of discounted stocks is drawing attention across financial media and investor circles.

The Saudi Central Bank has increased its holdings of Meta Platforms stock, according to a regulatory filing reported by MarketBeat. The disclosure signals continued institutional interest in the social media company among sovereign wealth managers in the Gulf region. Investors watch such moves closely as an indicator of confidence in Meta's advertising business and its push into artificial intelligence.