iab financial industry

Mortgage rates fall for the fourth straight week |  CNN Business

Mortgage rates fall for the fourth straight week | CNN Business

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 …

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Adani slams 'US short sellers attack on India' as stocks plunge to $70 billion |  CNN Business

Adani slams ‘US short sellers attack on India’ as stocks plunge to $70 billion | CNN Business

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 …

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Mortgage rates fall ahead of next week's Fed meeting |  CNN Business

Mortgage rates fall ahead of next week’s Fed meeting | CNN Business

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 …

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Elon Musk takes a stand in a class action lawsuit over a controversial tweet |  CNN Business

Elon Musk takes a stand in a class action lawsuit over a controversial tweet | CNN Business

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 …

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