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Performance has lagged at Paul Singer's hedge fund amid concerns that large size is barrier to strong returns
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Trump news at a glance: Top House Democrats vow to oppose shutdown bill after splinter group disappoints The GuardianTop House Democrats vow to oppose shutdown bill over healthcare funding The GuardianA historic shutdown is nearly over. It leaves no winners and much frustration AP NewsGovernment shutdown nears possible end as funding bill moves to the House after Senate passage CBS News
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Newsom tells AP the eight senators who struck the shutdown deal aren't alarmed enough about Trump AP NewsLive updates: Funding bill heads to House but shutdown could continue to impact air travel | CNN Politics CNNTrump news at a glance: Top House Democrats vow to oppose shutdown bill after splinter group disappoints The GuardianSenate Passes Bill to Reopen Government Amid Democratic Rift The New York TimesHow Senate Republicans won the last vote to end the shutdown
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Fund managers do tax-loss selling now to offset gains — giving value investors an opportunity
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Regardless of when the government gets back up and running, it is likely that the effects of the reduced staff, reduced funding, and the shutdown will be felt during the 2026 tax filing season and perhaps beyond.
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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