|
With investor withdrawals on the rise, is it about to get much harder for businesses to borrow money?
|
|
Target's plan to create ‘the most delightful experience in retail' Star TribuneTarget's new CEO says fresh eyes and respecting core values will help him regain customer trust ABC NewsTarget shifts away from being an 'everything store' in new strategy focused on 'busy families' Business InsiderTarget to Spend Billions to Refresh Stores, and Hire More Workers - The New York Times The New York Times
|
|
The chip maker sees sales growth in its infrastructure software accelerating, showing that it's focused on and investing in that business.
|
RELATED ARTICLES | | |
|
The professional and business services sector, which includes accounting and tax preparation along with other services, lost 30,000 jobs, ADP reported.
|
|
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
|
|
Goldman Sachs Group Inc.'s push for Asian business and lax oversight of partners led the bank to speed past warning signs in its dealings with a corrupt Malaysian investment fund, internal documents and interviews with people involved in the transactions show.
|
|
