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Paul Simao

Bethesda
As seen in: Kitco News, MSN, MSN Australia, Daily Mail, HuffPost, Reuters, The Daily Mirror, USA Today, Yahoo Canada, Aol, NBC News and
Reuters Desk Editor and proud Canadian
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Articles

AI offers ‘lifeline’ for emerging economies, World Bank says

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By Libby George Verified, Paul Simao
| Think Pink (Podcast)
Widespread job losses due to AI are also less of a threat to emerging economies, the report found, adding that developing economies have more to gain and less to fear than richer nations International News via Reuters: Artificial intelligence could enable developing countries to gain a century’s worth of development in a decade if they act quickly on power, connectivity and skills gaps, the World Bank said in a report on Tuesday.
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US New Home Sales Rise in June, but Affordability Lags

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By Dan Burns, Paul Simao
| GuruTrade
New home sales rose 1.6% to a 628,000-unit annualized rate Median new house price fell 2.7% from a year earlier to $398,300 Average 30-year mortgage rate climbed to 6.58% this week, according to Freddie Mac July 24 (Reuters) - Sales of new U.S. single-family homes snapped a two-month skid in June, but higher mortgage rates and affordability ‌challenges restrained the rebound and continue to sideline potential buyers from the housing market.
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US Existing Home Sales Unexpectedly Fall in June

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By Lucia Mutikani Verified, Paul Simao
| GuruTrade
WASHINGTON, July 9 (Reuters) - U.S. existing home sales unexpectedly fell in June as house prices hit a record high and mortgage rates remained elevated, pushing potential buyers to the sidelines. Home sales dropped 2.4% last ​month to a seasonally adjusted annual rate of 4.09 million units, the National ‌Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales would climb to a rate of 4.20 million units.
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