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Former CIA director John Brennan sues over Justice Dept. investigation The Washington PostEx-C.I.A. Chief Asks for Order Forcing Trump Administration to Preserve Records The New York TimesFormer CIA Director John Brennan sues Justice Dept., Trump officials over criminal probes CBS NewsFormer CIA chief John Brennan sues to preserve Trump probe records AxiosTrump foe John Brennan sues administration demand
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ADP said U.S. businesses 98,000 new jobs in June — the smallest increase in three months. The payroll processor said hiring was slow but demand for labor was improving.
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Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
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Trump's crypto payday now outpaces much of his real estate empire, raising conflict-of-interest concerns.
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2 Empire State Building climbers in custody after apparently getting engaged at the top CBS NewsDaredevil couple Angela Nikolau and Ivan Beerkus climb to top of Empire State Building in NYC, gets engaged, taken into custody ABC7 New YorkDeath-defying proposal? Two arrested after climbing Empire State Building NBC New YorkDaredevil climbers apparently get engaged after scaling needle of Empire State Building BBC
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US-Iran talks gain momentum in Doha as Hormuz tensions ease ahead of Khamenei funeral Fox NewsUS, Iran talks conclude in Doha, focused on Strait of Hormuz ReutersIran war live: ‘Positive progress' as US, Tehran wrap up indirect talks Al JazeeraLive updates: Qatar says indirect US-Iran talks have made ‘positive progress' CNN
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Alibaba, U.S. Payment Processor to Pay $600 Million in DOJ Settlement Over Illegal Drug Sales WSJDOJ says Alibaba failed to stop illegal pharmaceuticals and banned goods from reaching US buyers Fox BusinessAlibaba to pay $600 million to resolve US drug sales probe ReutersAlibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales
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Service-providing businesses added 96,000 jobs, including 2,000 in professional and business services such as accounting and tax preparation, ADP reported.
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‘Minions & Monsters' Heading To $13M Opening Wednesday At U.S. Box Office Deadline‘Minions & Monsters' Review: Third Time's the Charm The New York TimesWhy Do the Minions Sound Like That? How Pierre Coffin Made Their Voice VarietyBello again: Pierre Coffin, voice of the Minions, finally understands his yellow henchman AP NewsWeekend Preview: MINIONS & MONSTERS Set to Lead July 4 Weekend Boxoffice Pro
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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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 Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and...
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