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SPAC seeking to merge with Trump’s Truth Social media company settles with the SEC

By Samantha Delouya, CNN (CNN) — The Securities and Exchange Commission announced Thursday that it settled with the blank-check company seeking to merge with former President Donald Trump’s media company. The SEC said Digital World Acquisition Corporation (DWAC) violated anti-fraud laws by failing to disclose to investors that it was actively pursuing a merger deal

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Mortgage rates drop, backing off 7%

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates dipped this week, backing off 7% as inflation slows ahead of the Federal Reserve’s rate decision meeting next week. The 30-year fixed-rate mortgage averaged 6.78% in the week ending July 20, down from 6.96% the week before, according to data from Freddie Mac released

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