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Mortgage rates have steadily been decreasing for several months now. Mortgage rates are determined by a variety of factors, including economic trends, Fed policy, investor demand, and more. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Freddie Mac, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ The luxury handbags most likely to be faked, according to an expert from The RealReal
▼ + stars: | 2024-07-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The secondhand market has become an increasingly important part of the luxury market, rising to $50 billion last year, according to Bain & Company. But there are dangers to buying on the secondhand market: counterfeit products, which the rise in "dupe culture" has only helped to escalate. Business Insider spoke to Hunter Thompson, the director of authentication and brand compliance at secondhand luxury retailer The RealReal, about the proliferation of increasingly convincing fakes. Advertisement"In 2024, if it can be faked, it's faked," Thompson said. Here are the bags that Thompson said are most commonly faked —and some tell-tale red flags to look out for.

Persons: —, Hunter Thompson, it's, Thompson, Birkin, zippers Organizations: Service, Bain & Company, Business

Understanding the role of a real estate agentWhat does a real estate agent do? To be able to represent buyers and sellers in this process, real estate agents all have to meet their state's requirements for real estate salespeople. Another type of real estate agent you may come across is a real estate broker. Real estate agent vs. RealtorNot all real estate agents are Realtors. How to find a real estate agent FAQsHow many real estate agents should I interview before making a decision?

Persons: that's, they've, you've, It's, you'll, Keller Williams, You'll, they're, I'm Organizations: Realtors, National Association of REALTORS, NAR Locations: Chevron

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

We talked to several experts to help estimate the cost of creating a will and other estate planning documents. Average costsJack Hales, an estate and probate attorney at Hales and Sellers, said the cost of your estate plan can vary widely depending on what you need done. These frequently require notarization, which comes with a small fee, but other than that, they cost nothing but the cost of the paper on which they are written. Small changes using a lawyer may cost you a few hundred dollars, while updating your will through an online platform may only cost you $20. FAQsWhat is the average cost of creating a will?

Persons: Patrick Hicks, Hicks, Jack Hales, Hales, Sellers, Erin Bury, Rochelle Schultz, Weinstock Manion, it's, you'll, Notarization, Indrika Arnold, Will, Bury, who's, they're Organizations: Trust, Will, Bury, Financial, The Colony, National Council, Aging, Inc Locations: San Francisco, Topeka, Chevron

☆ I got a 2.75% mortgage rate when most other homebuyers were being quoted 7%. Now I can save more for retirement.
▼ + stars: | 2024-07-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. In June, we bought it for $400,000, assuming the seller's mortgage at a 2.75% interest rate with 26 years left on a 30-year fixed-rate loan. The assumable mortgage process was actually straightforwardBefore starting the assumption, we thought it would be very difficult. It seemed that they were trying to steer us away from the assumable mortgage and toward getting a new one. They even offered us a lower interest rate below the current rate, but it was still significantly higher than what I was getting through this assumable process.

Persons: —, Brian Sankey, We've, wouldn't, Sankey, Taryn Root, Brian Koellish, it's Organizations: Service, Business, Veterans United, Loans Locations: Kentucky, Elizabethtown, Fort Knox , Kentucky, Elizabethtown , Kentucky

☆ Blackstone is doubling down on its efforts to woo the wealthy with 2 new funds, flying in the face of BREIT critics
▼ + stars: | 2024-07-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementBCRED, the firm's first credit fund for individual investors, raised $3.4 billion in this quarter, more than the $1.4 billion raised by BXPE and the $990 million raised by BREIT. AdvertisementSchwarzman combined his analysis of BREIT's success with a rosier picture of the larger macro environment in real estate. Since calling the bottom of the real estate market at the beginning of the year, Blackstone's confidence that inflation is receding has continued to increase, leading to more deployment of capital into real estate. It's also providing more possibilities to exit and realize returns on its real estate assets. The firm, which is deploying nearly $15 billion into real estate this year, according to Gray, sees sunny days ahead.

Persons: —, Steve Schwarzman, Jon Gray, Gray, Blackstone, prorated redemptions, we've, BXPE, prorating, Schwarzman, BREIT, REITs, It's Organizations: Service, Business, Blackstone Infrastructure Partners

☆ Why a millennial stopped saving 70% of her income and started spending over $25,000 a month
▼ + stars: | 2024-07-18 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Julie Berninger, 35, and her husband used to save 70% of their income. Now, they spend over $25,000 a month on outsourcing aspects of their lives like cleaning, cooking, and transportation. However, Berninger said she's investing in the growth of her companies — and is spending a lot to do so. While at Amazon, she started selling digital products part-time on Etsy, as she wanted side income and opportunities to try different fields of work. AdvertisementShifting spending habitsIn 2023, she also founded Auros Agency, a boutique digital course creation agency with a similar business model.

Persons: Julie Berninger, Berninger, She's, Cody Berman, they've, doesn't Organizations: Service, Business, FIRE, Apple, Gold City Ventures, Auros Agency, BI

☆ We're buying more of this chipmaker that's been overly punished in the tech sell-off
▼ + stars: | 2024-07-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 350 shares of AMD, increasing its weighting to 1.63% from 1.4%. There's also been a rotation out of secular growth and AI stocks and into companies that benefit more from future interest rate cuts. And due to this week's sell-off, AMD shares are now trading around their lowest levels since May. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Wednesday's, Biden, Donald Trump, There's, Let's, It's, We've, Lisa Su, Jim Cramer, Jim Organizations: AMD, Taiwan Semiconductor Manufacturing Company, Republican, CNBC Locations: China, Taiwan

☆ The US housing is turning more buyer-friendly as sellers step up price cuts
▼ + stars: | 2024-07-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Nearly a quarter of homes on the market saw price cuts in June, Zillow says. For this time of the year, that's the highest rate since 2018. High costs and rising inventory are leading to easing competition, the real estate firm said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US housing market looks to be regaining some balance, with price cuts helping buyers find their footing, Zillow said.

Persons: Zillow, —, Sellers Organizations: Service, Business

Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.

Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, ”, Gabrielle Chase, “, haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York

It's your last chance to shop Amazon Prime Day deals on tech, beauty products, vacuums and more. SKIP AHEAD The best Prime Day deals | More Prime Day sales to check out | The best sales at other retailersWant more from our everyday experts, straight to your inbox? Other Amazon Echo smart speakers are also on sale during Prime Day, including the Echo Spot ($44.99) and Echo Dot ($24.99). Best Prime Day salesHere are the best Prime Day sales to know about. Best Prime Day clothing, shoes and accessories salesBest Prime Day tech salesBest Prime Day home and kitchen salesBest Prime Day pet supplies salesBest Prime Day beauty and wellness salesBest Prime Day travel salesBest Prime Day food and beverage dealsPrime Day: Best sales at other retailersFrequently asked questions When does Amazon Prime Day end?

Persons: I’ve, they’re, It’s, Chamberlain, They’re, fanny, —, Siri, Differin, dermatologists, shea, Alexa, Lindsay Schneider, Mili, it’s, you’ll, Chili Crisp, Zhong, TikTok Organizations: Amazon, NBC, AA, AAA, Apple, Netflix, Apple TV, Hulu, Spotify, Apple Music, Sirius XM, Chengdu Crunch, Amazon Prime, Wellness, Facebook, Twitter Locations: Chili, Zhong Sauce

☆ Netflix and Amazon are duking it out over brand partnerships as streaming ads enter a new phase
▼ + stars: | 2024-07-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Read previewThe battle between streamers for TV ads is ushering in a new push for brand partnerships, from joint marketing campaigns to product placements. It's also bringing in ad chief Peter Naylor's team into conversations brands are having with VP Magno Herran, who's long overseen marketing partnerships. AdvertisementBrand reps looking to discuss partnerships have noticed Netflix and Amazon ad salespeople popping up unexpectedly in meetings. To fuel their efforts, they're hiring legacy TV ad sellers, throwing extravagant TV upfronts presentations, and adding live events and sports to sweeten their offerings for advertisers. AdvertisementApple TV+ doesn't have an advertising tier (yet), but it's pushing more into brand partnerships, recently hiring an Endeavor exec to work on brand deals across its titles.

Persons: —, who've, It's, Peter Naylor's, Magno Herran, Lauren Anderson's, Alan Moss, Jennifer Verdick, Elisabeth Daniels, Maisel, They're, Jen Cowan, Libby Bush, Bush Organizations: Service, Netflix, Business, MGM Studios, WWE, Cannes, Brands, Amazon, Marriott, PQ Media, Talent, CAA, Ally, Apple, Endeavor Locations: Banks

Mortgage rates are the lowest they've been since March in response to cooler-than-expected inflation data. This could help mortgage rates fall even further than currently expected, potentially boosting affordability for homebuyers later this year. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
▼ + stars: | 2024-07-16 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100

Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States

☆ Online sellers are already cashing in with merch featuring Trump's fist-pump photo
▼ + stars: | 2024-07-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

A viral photo of Trump after a shooting attempt quickly spawned merchandise across TikTok, Facebook, and Etsy. Online retailers quickly began creating and selling shirts and other merch bearing the image. Chinese sellers also hopped on the merch production just hours after the shooting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJust hours after the shooting on Saturday that left former President Donald Trump wounded, online sellers are already using a photo of the bloodied US presidential candidate to generate a slew of merchandise.

Persons: —, Donald Trump, Sellers, Etsy, Trump Organizations: Trump, Facebook, Service, Business

☆ I'm moving to America's fastest-growing city. I get why it's so popular, but I hope it keeps the small-town Texas charm.
▼ + stars: | 2024-07-14 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Read previewThis as-told-to essay is based on a conversation with Michelle Clifford, a 33-year-old sales manager from California who is moving to Celina, Texas, in July. Celina's population surged 26.6% from July 2022 to July 2023, making it the fastest-growing city in the US. There were a lot of things that I liked about Texas, and my job also had an office in Frisco. In Texas, rent is cheaper and we can experience country livingWe moved to Prosper, a town north of Dallas, in February. We were drawn to Celina because we have friends from California who moved here and college friends who are natives.

Persons: —, Michelle Clifford, TCU — Texas Christian University —, Prosper, Clifford, California I've, I'm, Clifford's, Celina doesn't Organizations: Service, Business, TCU — Texas Christian University Locations: California, Celina , Texas, Celina's, Orange County, Austin, Texas, Bay, He's, Southern California, San Diego, San Francisco, Oceanside , California, Frisco, Prosper, Dallas, Oceanside, Celina, Preston, America

☆ Amazon sellers lose coveted buy box ahead of Prime Day after Target discount snafu
▼ + stars: | 2024-07-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Even though Fishman is the owner of the VitaCup brand, he said he lost the buy box to a reseller of his coffee products. That meant it was indexed by Amazon's pricing algorithms, Fishman said, causing him to lose the buy box. Angus Mordant | Bloomberg | Getty ImagesWinning the buy box is paramount to a seller's success on Amazon. Nearly 98% of sales made on Amazon go through the buy box button, the FTC alleged in its suit. "The only way to get back the Amazon buy box is to lower our price on Amazon," Arnold said.

Persons: Tom Williams, Brandon Fishman, Fishman, I've, David Zapolsky, Amazon's, Target, Angus Mordant, Mason Arnold's, Arnold, Sunwink, we're Organizations: Washington , D.C, Cq, Inc, Target, Amazon, Walmart, Federal Trade Commission, JPMorgan, Bloomberg, Getty, FTC Locations: Washington ,, Harriman , New York

☆ With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck'
▼ + stars: | 2024-07-13 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A double whammyFor aspiring homebuyers such as Burress, the combination of high mortgage rates and rising list prices has left them feeling boxed out. The 30-year mortgage rate, a popular option for home financing in the U.S., has bounced around 7% for the past several months. Given this, co-author Jonah Coste said current owners touting these low mortgage rates are undoubtedly better off than those looking to buy a first home today. After welcoming three kids, they're holding off on a fourth until mortgage rates or home prices come down enough to upsize. To be clear, mortgage rates tend to follow the path of Fed-set interest levels, but they aren't the same thing.

Persons: Brandon Bell, Rachel Burress, Burress, who've, that's, That's, Jonah Coste, there's, They're, Coste, they're, Luke Nunley, Nunley, We'd, Jeffrey Roach, LPL, Roach, hasn't, It's, Daryl Fairweather, Lindsey Nicholson Organizations: Getty, Atlanta Federal Reserve, Atlanta Fed, Federal Housing Finance Agency, National Association of Realtors, Federal Reserve, Corcoran Realty, UCG Locations: Austin , Texas, Fort Worth , Texas, Aledo, U.S, Atlanta, Kentucky, Forest Hills, Queens , New York

☆ Wende Zomnir revolutionized makeup with Urban Decay. She's not done building her empire.
▼ + stars: | 2024-07-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?

Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora

☆ Costco unexpectedly sold out of chickens this week — 22-inch garden statue roosters, that is
▼ + stars: | 2024-07-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

It's often said that you can buy anything at Costco, and that includes 22-inch chicken statues. A comically proportioned steel garden chicken has apparently struck a chord with Costco shoppers. The $38 product unexpectedly sold out online, leaving some Costco fans feeling left out. AdvertisementIf there are two things Costco is well known for, it's finding items you didn't know you wanted, and selling a lot of chickens. This week, those two things converged — in a way — when the company unexpectedly sold out of a 22-inch tall garden statue of a rooster.

Persons: It's, — Organizations: Costco, Service, Business

☆ Short-sellers are more important than ever for keeping fraud out of the market, Carson Block says
▼ + stars: | 2024-07-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Carson Block told Bloomberg TV that the stock market needs short sellers "more than ever." AdvertisementThe market needs to embrace short sellers if it wants to free itself of fraud, Carson Block told Bloomberg TV. He added: "The market needs short sellers more than ever, given the amount of games that are being played. AdvertisementMeanwhile, some companies have taken to trying to turn investors against short sellers, Block added. "It's easy to demonize short sellers, as part of the populist messaging, and somehow call us suits," Block said.

Persons: Carson, —, Carson Block, Jim Chanos, Chanos, David Einhorn, Elon Musk Organizations: Carson Block, Bloomberg, Service, Muddy Waters, JPMorgan, US Securities, Exchange, Tesla's, Trump Media, Technology Group

Mortgage rates have been holding steady so far this week, but they could fluctuate on Thursday when the Bureau of Labor Statistics releases June's Consumer Price Index data. If this index shows that inflation slowed last month, rates could ease. As inflation slows and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are expected to go down. This should remove some of the upward pressure off of mortgage rates and allow them to trend down more substantially. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they're, you'll, Fannie Mae Organizations: Bureau of Labor Statistics, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ How a Distinctive Beauty Brand Fell Apart, Sinking Almost $700 Million With It
▼ + stars: | 2024-07-10 | by ( Jordyn Holman | Maureen Farrell | ) www.nytimes.com time to read: +1 min

Carlyle, the global private equity firm, has $425 billion in investor money powering companies that make aerospace equipment, wind turbines and airport terminals. Three years ago, in May 2021, Carlyle invested roughly $600 million in a skin care company called Beautycounter. Jay Sammons, who ran Carlyle’s consumer products business, had already helped OGX hair care products generate high returns for Carlyle. Ms. Renfrew had built the decade-old company around a mission: making cosmetic products without a host of commonly used chemicals. The products were distributed through independent sellers in a multilevel marketing model that has been used for vitamin supplements, cosmetics and Tupperware.

Persons: Carlyle, Jay Sammons, Gregg Renfrew, Renfrew, Beautycounter, Mary Kay

☆ Jim Cramer: Investors should start thinking about Walmart as an e-commerce company
▼ + stars: | 2024-07-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Walmart may be the first traditional retailer to truly transform into a booming e-commerce business, CNBC's Jim Cramer said Wednesday. "Walmart is no longer just a brick-and-mortar company," Cramer said on " Squawk on the Street ." "We're going to begin to think of this company as an e-commerce company." However, Cramer said Wednesday that Costco's e-commerce is not headed for the same kind of growth as Walmart's effort. COST YTD mountain Costco YTD Shares of Costco and Walmart have been breaking out, with both stocks ironically rallying roughly 33% year to year.

Persons: CNBC's Jim Cramer, Cramer, Piper Sandler, Piper, That's Organizations: Walmart, CNBC, Costco, Amazon Locations: U.S

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