There were also signs of green shoots in manufacturing. In a separate report on Monday, the Dallas Federal Reserve said its Texas Manufacturing Outlook Survey production index, a key measure of state manufacturing conditions, increased to a reading of 13.6 this month from -28.0 in May. … [Read more...] about U.S. home contracts post record jump, factory activity improves in Texas
Pay off mortgage in 10 years
Lily, 23, HawaiiEmployment status: I am a budget analyst with the military.Current income: $55,000 a year, which is very little in Hawaii.Monthly housing costs: Mortgage payment is $3,900. I purchased my parents’ home in Hawaii to allow them to take a cash-out refinance since they do not have the income to support the mortgage and utilities payments. Since it is not covered under the CARES Act to request mortgage forbearance, I have a lot of additional expenses to factor in with my family out of work.Debt: $900,000 mortgageGroceries (monthly): $800Utilities: $750Entertainment: $50Are you spending more or less right now? Less, due to not going out to eat and shopping or any other entertainment and travel, but more on utilities. … [Read more...] about Money Is Tight Right Now. Here’s How 9 People Are Getting By.
To develop Karat’s underwriting capabilities, Wei and Kim had to collect data on how various influencers were making money. In order to apply for the card, creators submit social media metrics and income information. (Karat’s website says it will “prioritize creators with verified followings of at least 100K or those referred by our partners.”) But “it’s not as simple as millions of followers equals millions of dollars,” says Kim. “Social stats are good indicators, but they're not the full picture.” … [Read more...] about A New Card Ties Your Credit to Your Social Media Stats
But it was after Hamilton surprisingly left McLaren, the only F1 team he had known, to join Mercedes, a team re-establishing itself in the sport, that he truly became peerless, both on and off the track. Wolff has admitted that the pair have a pact, that as long as performances remain at the highest level on the track, Mercedes are happy for him pursue other interests. … [Read more...] about Lewis Hamilton, Formula One’s voice and conscience
But these laws didn’t sit well with Hugh McColl. To him, size was everything. “We realized that if we didn’t leave North Carolina,” he explained later in his career, “we would never amount to anything – that we would not be important.” Note that he didn’t say the ban on expansion prevented him from turning a profit or earning good returns for his shareholders – only that it put a limit on his sense of self-importance. So McColl and his banking minions set out to break down the interstate banking laws. First, in 1981, they used a legal loophole in Florida law to buy a bank branch there – evading the federal ban on out-of-state owners. Then, following a Supreme Court decision in 1985 that allowed banks to cross state lines within a designated region, he and Crutchfield went on a conquering spree worthy of a Mongol horde, buying up a host of banks in other Southern states. McColl, a silver-haired ex-Marine who would eventually be … [Read more...] about Bank of America: Too Crooked to Fail