Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023. Kena Betancur | Corbis News | Getty Images You will soon have to pay more if you want to shop at Costco. The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S. and Canada […]
Costco stock rallies after membership fees raised for first time in 7 years. But high expectations could limit gains, analyst says.
The warehouse retailer gave the investing world what it wanted — announcing its first fee hike on millions of its shoppers since 2017.
FTC to sue PBMs over drug prices including insulin, source says
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission is planning to sue three large U.S. health companies over their practices as middlemen who negotiate prices for medications such […]
Regulators say Citigroup still doesn’t totally have its house in order
Government regulators on Wednesday hit Citigroup Inc. with $135.6 million in fines, saying the bank had run afoul of a 2020 order telling the company to tighten up its standards for managing risk and data quality.
NASA still expects Starliner to return astronauts from ISS
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch, on June 5, 2024. Miguel J. […]
AMD looks to ‘move fast’ and swipe at Nvidia with its purchase of Silo AI
Acquiring Europe’s largest private AI lab is AMD’s most expensive AI-focused purchase so far.
Walmart to open five automated distribution centers
Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that […]
Mortgage demand dips as rates stay at 7%. This is ‘the absolute best thing we can do for the housing market,’ Fed Chair Powell says.
Mortgage applications fell 0.2% in the last week, the Mortgage Bankers Association said.
China consumer inflation stays tepid, factory-gate prices continue to fall
Wednesday’s figures came as no surprise for many economists, who expect inflation to stay low throughout the year as a drawn-out property slump continues to dent consumer confidence and spending.
First Ariane 6 launch of European rocket
This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024. Jody Amiet | AFP | Getty Images The powerful European-built Ariane 6 rocket made its long-awaited liftoff on Tuesday as the region returned […]
