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U.S. President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday morning for the start of a high-stakes summit that runs through Friday.
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Trump lands in Beijing for high-stakes Xi summit as Taiwan tensions, trade disputes test US strength Fox NewsLive updates: Xi and Trump hold high-stakes summit as world watches on CNNBeijing Tightens Security As Trump and Xi Meet in China The New York TimesTrump-Xi summit live: Talks in Beijing include Iran, trade and Taiwan Reuters
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Cisco Earnings, Revenue Beat As Stock Hits Record High Amid Strong AI Orders Investor's Business DailyOur Path Forward Cisco BlogsCisco to cut nearly 4,000 jobs despite strong growth in AI, enterprise networking Network WorldCisco's stock pops 17% on surging AI orders, as company says it's cutting almost 4,000 jobs CNBC
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Official CPI masks double-digit spikes in healthcare, insurance and energy. Meanwhile, an outdated strategy quietly drains your portfolio.
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What to Watch at Trump and Xi's U.S.-China Summit The New York TimesLive updates: Trump visits China, to meet with Xi Jinping in high-stakes summit CNNTrump, Xi begin summit in first U.S. presidential trip to Beijing in nearly a decade CNBCTrump-Xi summit live: Talks in Beijing to include Iran, trade and Taiwan Reuters
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Allegiant CEO Greg Anderson said leisure travel demand is still strong despite higher fuel prices.
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Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
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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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