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Middle East war: Trump says no deal with Iran except ‘unconditional surrender' Financial TimesTrump demands "UNCONDITIONAL SURRENDER" from Iran AxiosTrump rules out talks absent Iran's 'unconditional surrender' as Israel strikes Lebanon PBSTrump advisers work to mitigate a political nightmare on Iran as president fuels messaging chaos CNN
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Oil futures were trading at their highest levels since the summer of 2024 on Friday as the Iran conflict entered a seventh day, with no sign of it ending anytime soon.
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Russia is providing Iran intelligence to target U.S. forces, officials say The Washington PostRussia is helping Iran to target US military assets in Middle East Financial TimesRussia is aiding Iran's war effort by providing intel on US military targets, sources say CNNRussia providing Iran intelligence to target US forces, officials say - report The Jerusalem PostRussia is providing intelligence to Iran on the location of U.S. forces, sources say NBC News
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The Iran War Is Hitting Gulf Markets, Lifting Israel and Shifting Risk Across the Region WSJIran and Israel Trade Fire as War Impacts Global Supply Chains BloombergDrone Attacks on Qatar and Saudi Oil Sites Shake World Markets | US-Israel War On Iran | Dawn News DawnBank shares plunge again as war in Middle East intensifies thebanker.com
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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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