Washington, DC CNN – Mortgage rates fell slightly this week, as a smaller rate hike by the Federal Reserve indicated a promising improvement on inflation. The average 30-year mortgage rate was 6.09% in the week ended February 2, down from 6.13% in the previous week, according to data from Freddie Mac released Thursday. A year …
Mortgage rates fall for the fourth straight week | CNN Business Read More »
Hong Kong / London CNN – Shell set a record Its earnings reached nearly $40 billion in 2022, more than double what it made in the previous year after oil and gas prices soared in the wake of Russia’s invasion of Ukraine. Europe’s largest oil company by revenue reported an adjusted annual profit of $39.9 …
Shell profits doubled to record $40 billion | CNN Business Read More »
Minneapolis CNN – Despite the looming threat of a recession and the cacophony of mass layoff announcements, American companies still need workers — 11.01 million of them. The number of available jobs unexpectedly rose in December, up from a revised 10.44 million in November and beating economists’ expectations of 10.25 million, according to Bureau of …
Jobs unexpectedly jumped to 11 million in December CNN Business Read More »
New Delhi CNN – The Adani Group has accused a US investment firm of launching a “calculated attack” on India by publishing a report alleging widespread fraud in the port conglomerate to power. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group Of the “brazen stock manipulation and accounting …
Washington, DC CNN – Mortgage rates fell slightly this week, remaining roughly flat ahead of next week’s closely watched interest rate-setting meeting by the Federal Reserve. The average 30-year fixed-rate mortgage was 6.13% in the week ending Jan. 26, down from 6.15% in the previous week, according to data from Freddie Mac released Thursday. A …
Mortgage rates fall ahead of next week’s Fed meeting | CNN Business Read More »
CNN – Tesla CEO Elon Musk took the stand in a California courtroom on Friday to testify in the lawsuit over a controversial “secured financing” tweet in 2018. Tesla (TSLA), Musk and company directors are facing a shareholder lawsuit over his infamous 2018 tweet, which said he was considering taking Tesla (TSLA) private at $420 …
New York CNN – There is a season for everything and now is the time to earn. Over the past few weeks, investors have focused squarely on inflation and Fed policy, but now market reactions are larger for earnings (especially losses) and smaller for economic data. what happens: “We expect earnings to take center stage …
Forget inflation, it’s all about earnings CNN Business Read More »
New York CNN – There is a season for everything and now is the time to earn. Over the past few weeks, investors have focused squarely on inflation and Fed policy, but now market reactions are larger for earnings (especially losses) and smaller for economic data. what happens: “We expect earnings to take center stage …
Forget inflation, it’s all about earnings CNN Business Read More »
