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Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public.
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Goldman's interest comes as prediction markets gain visibility and debate swirls over market transparency and regulatory boundaries.
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Criticism is most strident challenge to central bank's decision announced last month
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Secret Lair: Rad Superdrop Magic: The GatheringWasteland icons join Magic: The Gathering in Secret Lair x Fallout Fallout | Bethesda.netMTG Announces Secret Lair X Fallout Rad Superdrop Star City GamesFallout Is Returning To Magic: The Gathering With A Twist GameSpotMagic gets another Fallout crossover in 22-card Secret Lair Superdrop Polygon
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Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.
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The deal to power Siri makes sense for everyone involved, even if it goes against Apple's usual playbook.
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U.S. Sanctions to Support the Courageous People of Iran U.S. Department of State (.gov)US sanctions Iranian officials, bankers amid crackdown on protesters Politico'Rats fleeing the ship': US treasury secretary says Iran's leaders moving funds out of the country The Times of IsraelNews Wrap: U.S. places new sanctions on several Iranian officials PBS
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Amazon threatens ‘drastic action' after Saks bankruptcy, says $475M stake is now worthless CNBCTo survive, Saks must court the slightly-less-wealthy ReutersWhy Saks collapsed while the rest of luxury retail is growing NBC NewsAmazon Loses First Attempt to Block Saks Bankruptcy Funding Yahoo Finance
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Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.
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Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.
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President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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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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Charlie Nunn will boost budget for private rental business to £1bn as UK lender targets wealth, commercial and investment banking
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