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S&P 500 remains stuck in a range — despite the bears' best efforts to swipe it down.
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When the Supreme Court struck down many of President Trump's tariffs, it left importers wondering how long they'd have to wait to get their money back. Hedge funds are offering to help out.
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In a New York Times opinion piece, former Block executive Aaron Zamost argues that artificial intelligence may be serving as a convenient storyline for traditional corporate downsizing.
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It may be time to dive deeper into the emerging markets trade.
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Carney Says Canada and Australia Can ‘Set the Agenda' as World Faces ‘Crises' - The New York Times The New York TimesGlobal order is 'breaking down', Carney tells Australian parliament BBCAustralia to join G7 critical minerals alliance, Canada's Carney says ReutersOpinion | Mark Carney reveals why a personal touch is needed when dealing with the world's most powerful leaders Toronto Star
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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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