Applying for a mortgage can be difficult, especially for people with nontraditional income sources, like self-employed workers, small business owners, gig workers, freelancers and anyone else who doesn’t receive a W2 from an employer.”The typical mortgage broker has a checklist,” Keith Hall, president and director of the National Association for the Self-Employed (NASE), told CNBC Select. “They want to see how long you’ve been at your existing job, as well as two years’ worth of pay stubs.” When you’re self-employed, “your income isn’t as even as someone who gets a regular paycheck,” Hall added. So, self-employed workers must “paint a story”…
Author: usaeverydaylife
After more than three years of war, President Trump proposed a peace plan for Russia and Ukraine in late April that would have the United States recognize Moscow’s 2014 takeover of the Crimean peninsula. Michael D. Shear, a former White House correspondent for The New York Times in London, explains how the proposal, which Ukraine has rejected, is a reversal from Mr. Trump’s first term as president. Source link
Job growth was stronger than expected in April despite worries over the impact of President Donald Trump’s blanket tariffs against U.S. trading partners.Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000, the Bureau of Labor Statistics reported Friday.The unemployment rate held at 4.2%, as expected, indicating that the labor market is holding relatively stable. The survey of households, which is used to calculate the jobless rate, showed an even stronger gain, with an increase of 436,000 in those who reported holding jobs on…
For months, Elvira Kaipova had not heard from her son Rafael, a Russian soldier deployed in Ukraine.Military officials responded to her repeated questions about his whereabouts by saying he was on active duty and therefore incommunicado. Then, late last November, two days after they again made that assertion, she learned that he’d gone missing on Nov. 1 — from a Telegram channel that helps military families.“We lost your son,” Aleksandr Sokolov, the officer in Rafael’s unit in charge of family liaison, told her when she traveled to its headquarters in western Russia.“Lost him how?” she says she responded, alarmed and…
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the detriment of U.S. consumers and businesses.”China is actually a bigger financial power than it looks like on the surface,” said Brad Setser, a senior fellow at the Council on Foreign Relations. Since 2018, China has developed regulatory tools, including export controls, that could be used to pressure…
The walls surrounding Ghana’s national cathedral are aging plywood. Its spires are yellow construction cranes, which have not moved in years. It frequently reverberates with singing — the singing of a choir of frogs that moves in whenever the cathedral’s half-finished foundations fill with rainwater.Ghana’s former president, Nana Akufo-Addo, spent around $58 million of public money on the $400 million cathedral project — a huge sum in this debt-saddled West African country. The new finance minister said in March that Ghana’s economy was in “severe distress.”The cathedral was designed by the celebrity architect David Adjaye. But beyond the blueprints, there…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast Money‘Fast Money’ traders talk today’s jobs report and market reaction as the S&P recoups its losses from tariffs.04:39Fri, May 2 20255:11 PM EDT Source link
Sen. Cynthia Lummis, R-Wyo., arrives in the Capitol for a vote on Wednesday, February 26, 2024. Bill Clark | Cq-roll Call, Inc. | Getty ImagesWASHINGTON — Some Senate Republicans are raising concerns about an exclusive dinner and White House tour President Donald Trump is offering top investors in his $TRUMP meme token.”This is my president that we’re talking about, but I am willing to say that this gives me pause,” said Sen. Cynthia Lummis, of Wyoming, who has been spearheading a legislative push on cryptocurrency regulation in the Senate. The official website for Trump’s meme coin announced last week that the…
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down.U.S. crude prices slipped under $60 a barrel this week, a threshold below which many companies cannot make money drilling new wells. Crude oil is now about $20 a barrel cheaper than it was just before Mr. Trump took office. Not only is oil fetching less, companies are paying more for steel and other materials because of tariffs the president has imposed.There are signs…
‘Fast Money’ trader Steve Grasso discusses his big bet on bitcoin as the cryptocurrency breakouts toward $100,000. Source link
