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Trump's payout fund on shaky ground as Republicans push for retreat The Washington PostTrump Backs Off Plan for $1.8 Billion Fund That Drew Political Backlash The New York TimesJustice Department says it will stop work on $1.8 billion "anti-weaponization fund" after judge's ruling CBS NewsTrump administration signals to GOP congressional leaders it will back off $1.8 billion ‘anti-weaponization' fund CNNScoop: Trump admin plans to drop "weaponization" fund Axios
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Portfolio manager Jonathan Cofsky talks about where to find the winners in the AI landscape and one company that is beating all comers.
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Alphabet to Issue $80 Billion of Equity for AI Buildout. Berkshire to Buy $10 Billion. Barron'sBerkshire Hathaway invests extra $10 billion in Alphabet, deepening bet on AI CNBCAlphabet Slips After Unveiling $80 Billion Equity Offering Bloomberg.comAlphabet seeks $80 billion to fund AI buildout AxiosGOOGL Drops Pr
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DOJ's ‘Anti-Weaponization Fund' backtrack fails to calm Senate Republicans PoliticoTrump Backs Off Plan for $1.8 Billion Fund That Drew Political Backlash The New York TimesTrump's payout fund on shaky ground as Republicans push for retreat The Washington Post'Corruption in broad daylight': Democrats and some Republicans decry anti-weaponization fund KCRAScoop: Trump admin plans to drop "weaponization" fund Axios
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The AI boom could be heading to millions of 401(k)s as Anthropic files for IPO The Washington PostAnthropic files to go public in a potentially trillion-dollar debut CNNAnthropic raises $65B in Series H funding at $965B post-money valuation AnthropicAnthropic Files to Go Public, Setting Stage for Huge I.P.O. The New York TimesAnthropic Pulls Ahead of OpenAI in High-Stakes Race for IPO Riches Bloomberg.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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