Smaller rate hikes likely to come in December, says Fed Chair Powell – CNN | CarTailz

CNN business — Federal Reserve could slow pace of aggressive rate hikes as early as December, Fed Chairman Jerome Powell said at a business forum on Wednesday. “The time to slow the pace of rate hikes could come as early as December’s meeting,” he said in a remark at the Hutchins Center on Fiscal and … Read more

‘White Paper’ protests: China’s top stationery supplier says it still sells A4 sheets – CNN | CarTailz

Hong Kong CNN business — The rare protests, which swept across China over the weekend, often featured protesters holding blank sheets of paper, a phenomenon that has caused problems for the country’s top stationery chain. In a symbolic protest against censorship, young protesters held up white sheets – a metaphor for the critical social media … Read more

Lawsuit alleges billionaire Leon Black raped woman at Jeffrey Epstein’s home – CNN | CarTailz

new York CNN business — Billionaire investor Leon Black has been sued by a woman who claims he’s “brutal[ly]’ raped her at Jeffrey Epstein’s Manhattan townhouse in the spring of 2002. Cheri Pierson names both Black – the co-founder and former CEO of private equity giant Apollo Global Management – and the estate of the … Read more

Mortgage rates fall for second straight week – CNN | CarTailz

Mortgage rates fell again this week after falling almost half a percentage point last week. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.58% in the week ended November 23, compared to 6.61% the week before. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, spurred … Read more

Get ready for the most expensive travel season ever – CNN | CarTailz

new York CNN business — For travelers preparing for their first vacation trips since before the pandemic, prepare for sticker shock. Airfares are high. Gas prices in the US are at their highest this time of year. Hotel room and rental car prices are up 12% and 46%, respectively, from 2019. The good news is … Read more

Investors owe very little in 2022 – CNN | CarTailz

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. new York CNN business — Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the world, for that matter) don’t have much to thank for … Read more

Elon Musk’s $50B Trial Concludes Today – CNN | CarTailz

Washington, D.C CNN — The trial for Tesla’s shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package will conclude this afternoon. While it is possible for the judge to issue a decision from the bench, it may take weeks or months to issue a decision. Tesla awarded Musk a salary package in 2018 that helped … Read more

Elon Musk’s $50B Trial Concludes Today – CNN | CarTailz

Washington, D.C CNN — The trial for Tesla’s shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package will conclude this afternoon. While it is possible for the judge to issue a decision from the bench, it may take weeks or months to issue a decision. Tesla awarded Musk a salary package in 2018 that helped … Read more

Elizabeth Holmes to be sentenced Friday – CNN | CarTailz

CNN — Elizabeth Holmes, the founder of failed blood-testing startup Theranos, who was convicted of fraud earlier this year, is said to be was convicted by a judge in a court in San Jose, California on Friday morning. Holmes, who was found guilty of four counts of investor fraud in January, faces up to 20 … Read more

Mortgage Rates Plunge, Biggest Weekly Drop Since 1981 – CNN | CarTailz

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has regularly made changes to its primary mortgage market survey, has changed the source of its November 17, 2022 data. Instead of surveying lenders, the weekly results are based on applications received from lenders submitted to Freddie Mac. Find out more … Read more