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slash Wall Street.

US home sales edged up in July even as prices remain near record highs.

Plus a new study shows that most climate policies around the world have failed to decrease

emissions and will take the temperature at the Democratic National Convention ahead of

Kamala Harris's big speech.

Earlier this year we saw a lot of atrophy among the small dollar base. They didn't

feel very excited and among among Democrats recently, we've really

seen that excitement come roaring back. It's Thursday, August 22nd. I'm Luke

Vargas for the Wall Street Journal at the Democratic Convention in Chicago, and this is the PM edition

of What's News? The top headlines and business stories that move the world today.

And before we get to what's happening in Chicago at the DNC, let's go to New York where my colleague

Danny Lewis has been keeping tabs on the

days news. Thanks Luke. U.S. home sales edged up in July ending a four month

streak of declines. The National Association of Realtors says sales of

previously owned homes rose 1.3% from the month before to a seasonally

adjusted annual rate of 3.95 million. That's the lowest level for any July since 2010. Home sales got a modest

boost thanks to mortgage rates falling in recent weeks, but the volume of existing home sales has

been stuck at low levels all year, and the spring selling

season, usually the busiest time of year for the housing market, was a flop.

...