Other data on Monday showed an improvement in manufacturing activity in Texas in June after three months of record or near-record declines in output. But surging infections of the respiratory illness in many regions, including the densely populated Texas, Florida and California, pose a risk to the nascent recovery. The economy fell into recession in February. … [Read more...] about U.S. home contracts post record jump, factory activity improves in Texas
Paying off mortgage in 10 years
So they haven’t had to pay any of their bills. Do you think that they’ve actually saved money? I doubt it. All of a sudden, the moratorium is going to be over. Their rent is going to be due, and if they don’t pay their rent and the back rent, they’re out. All of this is going to come at the exact same time that the $600 extra a week in unemployment runs out. Unemployment, in most States, like in Florida, is $275 a week. With the $600, it’s $875 a week. That $2,400 a month is a big difference. You take that away, how are these people going to pay for anything? I think you’re going to see a lot of repossessions in cars, a lot of foreclosures on real estate, 40% of the jobs are not going to come back. … [Read more...] about Suze Orman on What You Should Be Doing With Your Money Right Now
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.
Karat’s first product is the Karat Black Card, designed specifically for influencers, with credit lines starting at $50,000. Its perks can be customized (gamers get cash back on streaming services; beauty influencers get perks for product purchases), and the credit limits are determined by an influencer’s social metrics, revenue streams, and cash in hand. To issue the cards, Karat has partnered with the payments company Stripe, which launched its own corporate card late last year. For now, Karat wants to be the flashy card in every influencer’s wallet. But eventually, the startup could become a one-stop shop for a creator’s business needs. … [Read more...] about A New Card Ties Your Credit to Your Social Media Stats
"He's also honed the ability to make the car work as he wants it to, and that requires you to build a rapport with your engineers and the designer of the car. You talk to them at length about what you want from the car and how you make the car work ... he's generally learned how to extract everything from the package he's got, the Mercedes, which is a good car, but he's made the most of it. … [Read more...] about Lewis Hamilton, Formula One’s voice and conscience