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Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are in Asian economies.
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Dow falls 500 points after Trump comments spike oil, surprise job loss in February: Live updates CNBCStock Market Today: February Jobs Report Shows U.S. Lost 92,000 Jobs; Oil Prices Hit $90 WSJStocks sink after oil prices near a 2-year high and reports suggest a slowing US economy AP NewsStock market today: Dow, S&P 500, Nasdaq futures sink after jobs report surprise, oil jumps Yahoo Finance
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The president's economic advisers insist that any signs of strains are temporary, as they look to sell the president's agenda entering the midterms.
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United CEO Scott Kirby said demand remains high but that fuel prices will hit first-quarter results.
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Debt markets head for worst week in more than a year after energy price surge sparks inflation fears
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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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