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Existing-Home Sales Up, Albeit Slowly

The U.S. housing market remains on solid footing despite facing broader economic headwinds following a disappointing May jobs report, slowing U.S. GDP growth, and uncertainty in global markets, according to Ten-X.

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Morgan Stanley’s Capital Plan is Close, But. . .

Morgan Stanley Chairman and CEO James Gorman said that the investment banking firm is “committed to addressing the Fed’s concerns about our capital planning process and fully expect to meet their requirements within the established timeframe.”

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