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Anthropic faces AI spending backlash before IPO AxiosAnthropic files to go public in a potentially trillion-dollar debut CNNThe AI boom could be heading to millions of 401(k)s as Anthropic files for IPO The Washington PostAnthropic races toward a Wall Street debut with a confidential SEC filing AP NewsAnthropic Pulls Ahead of OpenAI in High-Stakes Race for IPO Riches Bloomberg.com
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High-Wire Negotiations With Iran? Trump Finds it ‘Very Boring.' The New York TimesTrump tells CNBC: 'I don't care' if Iran negotiations are over CNBCTehran suspends talks with U.S. over Israeli attacks in Lebanon, Iranian media reports NBC NewsIran is stopping message exchanges with U.S., may block Hormuz, Tasnim news agency says Reuters
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Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn't reopen.
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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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U.S. stock-index futures rose slightly on Sunday, as Wall Street looks to stretch the market's record-setting rally into June.
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A new report says the next cost-of-living adjustment (COLA) could be higher than what experts had predicted, but it might not offset rising inflation.
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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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