30-year fixed-rate mortgage falls below 7%
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Paul Pelosi attacker sentenced to 30 years in prison
A federal judge on Friday sentenced David DePape to 30 years in prison, after he was convicted in the violent October 2022 attack on Speaker Emerita Nancy Pelosi’s husband, Paul. DePape was sentenced to 30 years for assault and 20 years for attempted kidnapping, which will run concurrently. Judge Jacqueline Scott Corley, who presided over DePape’s trial for the Northern District of California, said she had to “ensure that the sentence reflects the seriousness of the offense.” “He broke into the...
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Asia eases on uncertainty over timing of US rate cuts
Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing. Data on Wednesday showed cooling US consumer price inflation, prompting markets to swiftly price in at […]
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LIC gets 3 more years to dilute up to 10% stake
Mumbai: Sebi has extended LIC’s deadline to achieve a 10% public shareholding by three years. The decision, which was communicated through a letter dated May 14, 2024, grants LIC until May 16, 2027 to fulfill this requirement.LIC was listed on the stock exchanges on May 17, 2022 after a Rs 21,000 crore IPO, which resulted in govt’s stake being diluted to 95%.Rule 19(2)(b)(iv) of the Securities Contracts (Regulation) Rules, 1957 requires that companies dilute at least 5% of their shares to the...