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Second-hand home sales rebound in July after five months of declines
23
Aug
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By Mitchell G. Patton
Investments and Business

Second-hand home sales rebound in July after five months of declines

Previously owned home sales rose in July for the first time in five months, up 1.3% from June to a seasonally adjusted annual rate of 3.95 million units, the National Association of Realtors reported. The modest recovery is the first seen in recent months. Compared to the same month last year, sales decreased by 2.5%. Regional differences were notable, with the Northeast seeing the largest increases in both home sales and prices, while the Midwest saw no change in sales volume. Lawrence Yun, NAR’s chief economist, noted, “While we are seeing a slight improvement, the pace of home sales remains…
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Tomorrow’s Tech Giants: Innovation for a Better Future
22
Aug
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By Mitchell G. Patton
Science and Technology

Tomorrow’s Tech Giants: Innovation for a Better Future

Peregrine Technologies, a pioneering startup founded by former Palantir executives, is poised to revolutionize the field of law enforcement. By harnessing the power of advanced technology, Peregrine aims to equip police departments with the tools they need to improve public safety while upholding civil liberties. At the heart of Peregrine’s innovation is its cutting-edge platform, which seamlessly integrates multiple data sources into a unified interface. This powerful tool enables law enforcement to access critical information quickly and efficiently, allowing them to make informed decisions and respond to incidents more effectively. Unlike traditional surveillance systems, Peregrine’s technology prioritizes both efficiency and…
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GMC Aims to Lead Electric Truck Market with New Sierra EV
22
Aug
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By Mitchell G. Patton
Investments and Business

GMC Aims to Lead Electric Truck Market with New Sierra EV

In Milford, Michigan, General Motors’ flagship brand GMC is positioning itself as a leader in the all-electric truck segment in the United States. That effort begins with the introduction of the Sierra electric pickup truck, which joins GMC’s growing lineup of electric vehicles, including several Hummer models. With the Sierra EV, the company expects it to not only complement its existing offerings but also become a best-seller within its electric lineup. That expectation is backed by plans to launch more affordable versions next year, starting with the high-end “Edition 1” model that has already begun customer deliveries priced around $100,000.…
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The boom in online sports betting changes investment behavior
22
Aug
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By Mitchell G. Patton
Investments and Business

The boom in online sports betting changes investment behavior

The rapid growth of online sports betting, following its legalization in several states, has significantly affected the dynamics of personal finances, especially among economically vulnerable groups. Study insights A recent analysis titled “Gambling Away Stability: The Financial Repercussions of Sports Betting on At-Risk Families” highlights the dramatic increase in sports betting following the 2018 Supreme Court decision overturning a nationwide ban. With 38 states now allowing the activity, the industry has boasted more than $120 billion in wagers and generated revenues of more than $11 billion in 2023. This influx of funds has benefited government budgets but has placed significant…
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