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Business
Mortgage rates dropped this week, but still sit above 7%: Freddie Mac
Mortgage rates have steadily been rising over the last few weeks, but rates have finally started to dip. Rates for 30-year fixed-rate mortgages averaged 7.09% as of May 9th,…
Oscars launch fundraising drive as Academy Awards audience shrinks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Academy of Motion Picture Arts & Sciences is…
Aldi cutting prices on hundreds of items to fight 'stubborn inflation'
Discount grocer Aldi announced it is cutting prices on more than 200 items to help consumers contending with "stubborn inflation." The grocery chain, with over 2,000…
Ping An cuts HSBC stake days after voting against Noel Quinn’s re-election
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ping An has cut its stake in HSBC days after it voted…
Planet Fitness to increase membership fee for first time in nearly 30 years
Planet Fitness’ classic gym membership will get more expensive for the first time in 26 years. The cost of the classic membership will increase by $5 to $15 a month for new…
Everton bidder 777 calls in restructuring experts
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Everton Football Club’s suitor 777 Partners has called in…
Today's 15- and 30-year mortgage rates rise | May 10, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.…
Asian family offices switch focus as geopolitical risks rise
William Chow recalls his schooldays in the UK in the 1990s as he plots the investment strategy of Raffles Family Office from the 23rd floor of The Center, one of Hong Kong’s…
Inflation has majority of retirees worried they will outlive their assets
After years of elevated inflation that continues to chip away at the value of a dollar, a majority of retired Americans are worried they do not have sufficient savings to…
Cryptofinance: The trade-offs in chasing the decentralised dream
Hello and welcome to the FT Cryptofinance newsletter. This week we’re looking back at our annual May conference, held in London.A recurring theme in the digital assets market is…