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Asian stocks slump as chip selloff deepens; KOSPI plunges 5% Investing.comAsian Stocks Set for Losses as Bond Jitters Linger: Markets Wrap Bloomberg.comShares fall in Asia, with Kospi down 5.2%, while oil prices jump Yahoo FinanceKRX activates sell-side sidecar for KOSPI on sharp fall Yonhap News AgencySK Hynix Stock Drops 7.82% in Seoul as KOSPI Suffers Brutal Rout: Brent Above $90, Trump Rules Out Iran Talks Benzinga
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Asian Stocks Set for Losses as Bond Jitters Linger: Markets Wrap Bloomberg.comShares fall in Asia, with Kospi down 5.2%, while oil prices jump KXAN AustinAsian Markets Track Wall Street Lower RTTNewsTech leads losses as Asian stocks track Wall St selloff Yahoo Finance
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Maritime officials on Tuesday announced the recent attacks, which killed at least one sailor. Six months into the conflict, the vital waterway remains perilous.
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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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