As mortgage rates inch lower towards the 6% mark, the real estate market is cooling. Still, many homeowners still have low interest rates compared to the 6.66% they fell to last week. In fact, nearly 89% of borrowers have an interest rate below 6%, a Redfin study reports. just over…

Capital One and Walmart announced Friday that they ended the agreement that made Capital One the exclusive issuer of Walmart’s consumer credit cards. Walmart and Capital One launched their partnership in 2018 after the retail giant ended its two-decade partnership with Synchrony Financial. Capital One began issuing Walmart-branded credit cards…

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EXCLUSIVE: The founder and CEO of Bass Pro Shops, Johnny Morris, says that despite inflation, the hunting, fishing and outdoor sporting brand will remain focused on affordability heading into boating and fishing seasons. Inflation remains high at 3.4%, above the Fed’s 2% goal, though it dropped from its peak of…

Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to…

Indian Prime Minister Narendra Modi declared victory in the country’s election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties.Ongoing vote counts suggest that Modi’s Bharatiya Janata Party (BJP) is likely to win just 239 seats — down from…

CEOs are raking in fat pay packages as the US stock market booms. Bosses have always made more money than workers. But the gap between CEOs and employees is growing. The median CEO in the S&P 500 was paid 196 times as much as the median employee in 2023, according…

In 2022, we discussed the market’s deviations from long-term growth trends. That discussion centered on Jeremy Grantham’s commentary about market bubbles. To wit: “All 2-sigma equity bubbles in developed countries have broken back to trend. But before they did, a handful went on to become superbubbles of 3-sigma or greater:…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Africa’s African National Congress is weighing a deal with two centrist parties, the Democratic Alliance and Inkatha Freedom party, to ensure “stability in government”, according to an internal draft discussion document…

President Joe Biden said he never considered forgoing a reelection bid because of his advanced age and sought to rebuff questions about his ability to serve in a wide-ranging interview with Time Magazine published Tuesday. “I can do it better than anybody you know. You’re looking at me, I can take…