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…

By Ju-min Park and Eduardo Baptista SEOUL/PINGDU, China (Reuters) – Millions of dollars in sales of North Korean false eyelashes – marketed in beauty stores around the world as “made in China” – helped drive a recovery in the secretive state’s exports last year. The processing and packaging of North…

By Natalie Grover, Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data. Russia has become more dependent on trade…

Investing.com– Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week.  Chinese, Singapore, South Korean and Hong Kong markets were closed for the Lunar New Year…

(Reuters) – Bond manager PIMCO said on Friday it has withdrawn from the Climate Action 100+ investor coalition, following the withdrawal of other fund firms. In a statement sent by a representative, PIMCO said “we have concluded that our Climate Action 100+ participation is no longer aligned with PIMCO’s approach…