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Why home sales dipped last month despite a recent decline in mortgage rates.
Plus Elon Musk's XAI becomes the latest tech company to gain a foothold in the federal government.
The government is really trying to set up sort of a hunger game scenario among all the big AI companies.
So they're doing deals with all of the best model providers and saying Here you go,
federal workforce.
You pick which ones you want to use.
Whichever one wins, that'll be the one we'll go with moving forward.
And Microsoft disables some cloud services used by Israel's Defense Ministry.
It's Thursday, September 25th.
I'm Alex O'Sulliv for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The National Association of Realtors said today that sales of existing homes were down 0.2% in August from the prior month to a seasonally adjusted annual rate of $4 million.
That was less than the 1.2% decline economists surveyed by the Wall Street Journal had forecast.
But the drop comes amid three straight years of dismal home sales.