iab financial industry

Mortgage rates are falling for the fourth consecutive week

Mortgage rates are falling for the fourth consecutive week

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 Group slams 'Hindenburg attack on India' as shares hit $70 billion

Adani Group slams ‘Hindenburg attack on India’ as shares hit $70 billion

New Delhi CNN – the promise me Groupe 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 …

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Elon Musk is back on the scene in a class action lawsuit over a controversial tweet

Elon Musk is back on the scene in a class action lawsuit over a controversial tweet

Washington, DC CNN – Tesla CEO Elon Musk took the witness stand for a second day on Monday and tried to explain the thought process behind a controversial “secured financing” tweet from 2018, dismissing the idea that it was partly a joke. Musk, Tesla and the company’s directors are facing a shareholder lawsuit over the …

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