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Walmart to create hundreds of new roles in the US and India
- Walmart to introduce several hundred new roles in the US and India to accelerate decision-making and simplify operations.
- Roles will be open to employees impacted by recent layoffs, affecting workers in corporate offices and Global Capability Centres.
- Restructuring aligns with evolving retail and tech industries, leveraging AI and streamlining management layers for agility and innovation.
- Walmart integrating AI technologies for demand forecasting, inventory management, and quicker trend-to-product timelines to enhance customer experience and stay competitive.
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Forbes
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Today’s Mortgage Refinance Rates: May 28, 2025 – Rates Drop
- Today, the 30-year fixed refinance rate dropped to 6.95%, while rates for 15-year and 20-year mortgages averaged 5.88% and 6.81% respectively.
- The current APR for a 30-year fixed-rate mortgage is 6.98%, with borrowers paying approximately $662 per month on a $100,000 loan, totaling around $138,929 in interest over the loan period.
- For a 20-year fixed refinance, the average rate is 6.81%, with an APR of 6.85%, costing borrowers around $764 per month for a $100,000 loan, and about $83,874 in total interest.
- The 15-year fixed mortgage refinance rate is approximately 5.88%, with an APR of 5.93%, requiring borrowers to pay $837 per month on a $100,000 loan, totaling around $51,185 in interest.
- Rates for 30-year and 15-year fixed-rate jumbo mortgage refinances are currently at 7.63% and 6.35% respectively.
- It’s important to compare different refinance rates for conventional, FHA, VA, and jumbo applications as rates vary by program.
- Factors like credit score, mortgage balance, and loan term should be considered when deciding on a refinance to estimate savings and monthly payments.
- Economic indicators like inflation and unemployment rates can influence mortgage interest rates, with experts expecting minimal rate movement in the first half of 2025.
- Improving credit score and making timely payments are recommended before beginning the refinance process to secure the best possible rate.
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Mortgage Rates Today: May 28, 2025 – Rates Stand Still
- The current average mortgage rate on a 30-year fixed mortgage is 6.9%, slightly lower compared to the previous week.
- For a 15-year fixed mortgage, the average rate is 5.90%, down by 0.87% from the previous week.
- Comparing existing mortgage rates with today's refinance rates can help borrowers lock in lower rates.
- The average APR on a 30-year fixed-rate mortgage is 6.93%, showing a slight decrease from the previous week.
- A $100,000 mortgage with a 30-year fixed-rate loan at 6.9% interest will cost around $658 per month, totaling approximately $137,771 in interest over the loan's life.
- Today's 15-year fixed-rate mortgage is at 5.9%, with borrowers paying about $839 per month for a $100,000 mortgage, totaling around $51,438 in interest.
- The average interest rate on a 30-year fixed-rate jumbo mortgage has increased to 7.55%.
- Mortgage rates fluctuated post-spring 2024 but surged in October 2024 despite Fed rate cuts.
- Various economic factors influence mortgage rates, including the Federal Reserve's decisions and global events.
- Factors affecting mortgage rates include the economy's health, benchmark interest rates, and borrower-specific factors.
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Forbes
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Current HELOC & Home Equity Loan Rates: May 28, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOCs offer flexible borrowing with a variable rate, while home equity loans provide a fixed-rate lump sum up to 85% of the home's value.
- Repayment terms vary from 5 to 30 years, catering to different borrowing needs and financial goals of homeowners.
- Extra funds through home equity can be used for home improvements, debt consolidation, and other major expenses based on the equity available in the home.
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Forbes
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This Week’s Personal Loan Rates: May 28, 2025—Rates Decline
- Rates on personal loans dropped last week, making it a good time for qualified applicants to finance projects or unexpected expenses.
- For borrowers with a credit score of at least 720, the average interest rate on a three-year personal loan decreased by 1.21 percentage points to 12.99% from May 19 to May 24.
- The average rate on a five-year personal loan increased slightly from 19.70% to 19.72% during the same period.
- Personal loan rates vary based on factors like credit profile and lender offers, with borrowers having higher credit scores generally receiving lower rates.
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Forbes
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Today’s Top Money Market Account Rates For May 28, 2025 – Rates Hit 4.89%
- Average money market rate is currently 0.53%, with the best rate being 4.89% according to Curinos.
- Money market accounts function like interest-bearing deposit accounts where you can deposit money and earn interest. Withdrawals are allowed, but there may be limits on transactions.
- MMAs usually offer higher interest rates compared to traditional savings accounts and may provide features like debit cards and check-writing capabilities for easier access to funds.
- MMAs at banks are insured by FDIC, while those at credit unions are insured by NCUA, offering depositors coverage of up to $250,000 per account type in case of bank failure.
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Forbes
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High-Yield Savings Account Rates Today: May 28, 2025 – Rates Are Steady
- High-yield savings account rates remain steady with no change compared to last week, offering up to 5.84% interest.
- Traditional savings accounts have started offering higher yields, especially from online banks and credit unions, compared to the low interest rates post the Great Recession.
- The average APY for a traditional savings account is currently 0.22%, while high-yield savings accounts offer substantially higher interest rates, though they may require certain conditions to be met.
- Interest rates on savings accounts are influenced by the Federal Reserve's rate adjustments, which are made eight times per year by the Federal Open Market Committee; average rates are determined by Curinos focusing on personal savings accounts.
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Forbes
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CD Rates Today: May 28, 2025 – Rates Down
- CD rates are currently up to 5.02%, but the longer the term, the more you earn.
- For short-term goals, consider three-month CDs with rates around 4.67%.
- Six-month CDs offer good yields, with the best rate at 4.94%.
- One-year CDs have a high rate of 5.02%, making them popular choices.
- Two-year CDs offer rates up to 4.52%, while three-year CDs are at 4.27%.
- The highest rate for a five-year CD is 4.26%, with potential penalties for early withdrawal.
- Jumbo CDs offer rates of 4.94% for six-month terms with a deposit minimum of $100,000.
- Digital banks like Chase, Capital One, and Synchrony Bank may offer competitive rates.
- Opening a CD requires a minimum deposit, and early withdrawals can incur penalties.
- CDs provide security with FDIC and NCUA insurance, offering up to $250,000 in coverage.
- CDs are ideal for stable savings, balancing riskier investments like stocks and bonds.
- Federal agencies insure CDs, providing protection in case of bank or credit union failure.
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HRKatha
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Cars24 lays off 120 employees amid strategic overhaul
- Cars24 is laying off 120 employees as part of a strategic overhaul to streamline operations.
- The layoffs are focused on non-core business units, with the closure of Inspare, resulting in 80 job losses.
- Another 40 employees from the car-servicing vertical, FourDoor, have also been laid off due to project underperformance.
- The company is offering severance packages and no further layoffs are planned as this is viewed as a targeted reset.
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Insider
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A global talent leader at EY shares the 3 soft skills she looks for in job applicants
- Soft skills are important for job seekers alongside hard skills, highlighted by EY talent leader Irmgard Naudin ten Cate.
- Key soft skills emphasized by Naudin ten Cate are curiosity, adaptability, and wielding influence.
- Curiosity is about continuous learning and adding new skills. Adaptability is crucial for navigating change, and wielding influence involves negotiating for mutually beneficial outcomes.
- Naudin ten Cate advises job applicants to showcase these soft skills as transferable skills to potential employers for success.
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Rockpapershotgun
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There's something oddly familiar about this escape room poster
- The poster for Liberation Escape Rooms 'Castle Of Conundrums' experience is oddly familiar to the reader, sparking a feeling of deja vu.
- The escape room in Southaven, Mississippi has received glowing reviews, with customers praising its excitement and uniqueness.
- The lore of the escape room involves a challenge to prove worthiness in Merlin's trials, become a knight, and defend the kingdom.
- The familiarity with the poster is identified to be due to a specific plaque design and font, leading to a realization for the reader.
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HRKatha
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Online outrage over boss threatening to take away employee’s bonus
- A workplace dispute has sparked online outrage after a manager threatened to reduce an employee's bonus for refusing to work on her approved day off.
- The incident gained attention through a viral social media post revealing the manager's pressure on the employee to come in despite her prior plans and sanctioned leave.
- Many criticized the manager's behavior, calling it an abuse of authority and highlighting the importance of boundaries and employee well-being.
- This incident has reignited discussions on toxic workplace culture, employee rights, and the need for respecting personal time and professional boundaries in companies.
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HRKatha
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Why counting learning days no longer adds up in the workplace
- The traditional metric of 'learning days per employee' in the workplace is becoming outdated in the digital era of continuous, personalized learning.
- The metric originated in a time of more predictable business environments but does not align with today's agile, hyper-connected workplaces.
- Research suggests that formal classroom training only accounts for 10% of actual learning, with the majority occurring through on-the-job experience and social learning.
- The shift is towards 'flow-of-work learning,' where knowledge is embedded within tasks and accessed just-in-time using digital tools and adaptive platforms.
- Personalized learning needs to replace standardized metrics, as different roles and sectors require tailored learning approaches.
- Measuring outcomes like capability indices, application scores, learning agility, and self-directed learning hours offer a more holistic view of development.
- Recognition of on-the-job learning and adapting to new methodologies are becoming crucial in measuring employee growth and adaptability.
- The focus is on continuous learning processes rather than traditional, time-bound training sessions to enhance problem-solving and creativity skills.
- Structured learning interventions like compliance training are important but should be part of a broader learning architecture.
- Effective workplace development now emphasizes impact over duration, as organizations adapt to rapid changes driven by technology and remote work.
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HRKatha
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1 cr. insurance scheme for Telangana government’s electricity staff
- Telangana government introduces 1 crore insurance scheme for Electricity Department employees.
- Deputy CM Bhatti Vikramarka hands over 1 crore cheque to family of deceased worker, offers job to his wife.
- Welfare measures for Telangana government employees to be announced on 2 June 2025.
- Likelihood of pending dearness allowance instalments being released, along with clearance of retirement benefits and announcement of a new health scheme.
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HRKatha
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McKinsey trims global workforce by 10% in largest downsizing exercise
- McKinsey, the global consulting firm, has trimmed its workforce by about 10% in the largest downsizing exercise.
- The workforce reduction comes after a period of rapid expansion during the pandemic, with employee numbers dropping from over 45,000 to about 40,000.
- The downsizing was driven by slow revenue growth following the pandemic boom, leading to restructuring efforts and job cuts, including 1,400 back-office roles and 400 data specialists.
- Facing financial challenges, including settling a billion-dollar lawsuit, McKinsey aims to restore profitability amidst improved performances by competitors.
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