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Baby boomers: Housing sector’s new dominant force

Jake Yanoviak is hunting for houses. On a weekday afternoon in North Philadelphia, the 23-year-old painter cruises along on his bike, its black paint obscured under stickers from breweries and rock bands. He turns onto a side street, where he spots a few elderly neighbors, standing on adjoining porches. He parks, leans on one handlebar and makes his pitch. “Anybody ...

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Dollar resumes slide; gold rises

Bloomberg US stocks slipped from records, while the dollar resumed its slide during a lackluster session Tuesday as dovish comments from Federal Reserve officials weighed on the market. Gold advanced. The S&P 500 Index fell in light trading, while European equities slumped. The euro joined most G-10 peers in advancing against the greenback. The 10-year Treasury yield edged higher, and ...

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Savola helps Saudi stocks rise; Air Arabia jumps on earnings

DUBAI / Reuters A surge by major food maker Savola helped Saudi Arabia’s stock market outperform a generally sluggish region on Tuesday, while Air Arabia jumped in Dubai on its second-quarter earnings. The Saudi stock index rose 0.5 percent as Savola, which had been in an uptrend for the last few days, gained 4.0 percent in its heaviest trade for ...

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