Independent thinking for complex markets and current events
The current economy is putting many businesses on the brink, and Costco is no exception. Execs seem deeply worried about the company’s performance in recent months because sales have been weakening all across the board. Even though buying in bulk can save consumers’ money down the line, for many, shopping in big quantities isn’t making …
San Francisco opened its first $5.5 million free food “market”, where approved residents can show a benefits eligibility card, put what they want in their carts, check out to keep track of outgoing inventory, and leave without paying. The Bayview-Hunters Point facility aims to be a food pantry alternative that replicates the supermarket experience in …
eBay customers will no longer be able to use American Express cards to pay for purchases from this summer. The online marketplace announced Wednesday that it would no longer accept the cards from August 17. It blamed the ‘unacceptably high fees’ imposed by AmEx for processing transactions. It is a blow to American Express, which …
This is absolutely insane: Nvidia stock, $NVDA, is now up a massive 17% from its low just 5 trading days ago. The stock has jumped from a low of $756 to $880+, adding ~$320 BILLION in market cap. This week alone, Nvidia has added market cap equivalent to the entire value of… pic.twitter.com/NEZFsGQvcy — The …
Last December, wholesale retailer Costco announced that they had sold over $100 million worth of gold in Q3 2023. Now, Wells Fargo estimates that Costco “may now be running at” $100 million to $200 million per month in gold sales. “Our work suggests there has been significant interest given COST’s aggressive pricing and high level …
ostco, the membership warehouse club known for its $1.50 hot dogs and $2,000 gold bars, is now offering its members prescriptions to Ozempic, Wegovy, and other weight loss drugs. Starting Tuesday, U.S. Costco members will be able to get prescriptions for these highly-sought after medications through the company’s health care partner Sesame. Costco partnered with …
The steady rise in food prices has become a mounting concern for American households, overshadowing the recent dip in inflation rates. Despite a slowdown in the pace of inflation, grocery prices have continued to surge. Amid this challenging economic landscape, even retail giants like Costco are not immune to the pressures of inflation, with recent …
A sweeping recall of dairy products linked to a lethal listeria outbreak is expanding to foods sold at major retailers including Costco, Trader Joe’s and Walmart. The latest items being recalled include dips, dressings, salad and taco kits sold at the grocery chains and follows a recall of nearly 60 cheese and dairy products by …
Costco has been engulfed in a wild doomsday conspiracy theory after a customer shared the various ’emergency meal’ kits currently available for purchase from the retail giant. Doomsday prepper Krystal Christensen, who goes by @charminglyfrugal on TikTok, frequently shares survival tips on her account, where she boasts over 96,000 followers. Most recently, the US-based survival …
via JOHN RUBINO: Recently, Costo began selling gold bars on its website (see Did Gold Just Become An Impulse Buy?). The bars were a big hit, generating revenues of $100 million in the most recent quarter. Now Walmart has opened its own Precious Metals Shop: Who’s next? If gold works for the biggest-box retailers, expect Target and …
by TonyLiberty Costco $COST sold more than $100 Million in Gold bars last quarter. The Gold bars were listed for $2,069.99 an ounce. Members seemed happy, with a 4.9 star rating and 800 reviews on Costco’s website. Read more here: https://www.cnbc.com/2023/12/15/costco-sold-more-than-100-million-in-gold-bars-last-quarter.html
Costco had their Q1 2024 Earnings announcement today and dropped that they will be giving a $15 special dividend on Jan 12, 2024… This will total $6.7 billion paid out to shareholders. The snapshot is going to be taken on Dec 28, 2023 in case anyone wants to capture the dividend. Stock I imagine drops …
Costco customers beware! The wholesaler is voluntarily recalling a Costco staple, their Kirkland Signature ham, over a possible listeria contamination, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) said. The FSIS said that the recalled product include Costco’s ready-to-eat ham products produced by Sunnyvalley Smoked Meats in Manteca, California. The FSIS said …
Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars. Wait, gold bars? Yes, the retail warehousing giant is your one-stop shop for 1 ounce gold PAMP Suisse Lady Fortuna Veriscan bars, handsomely detailed and ready for purchase. They’re available for …
by Qplus17 If this doesn’t convince the masses of inflation, nothing on Gods green earth will.
New reports reveal that Americans have started panic buying again. People are noticing that shortages are getting worse, and shelves are getting increasingly emptier as we approach the last quarter of 2023. Some have decided to act now before they can no longer find household supplies and their favorite items at their local stores. Many …
Costco Chief Financial Officer Richard Galanti is warning about exceedingly difficult times for U.S. consumers as food inflation is expected to continue to worsen all over the country. At the warehouse chain, shoppers are noticing explosive prices across a series of everyday items right now, and that will continue to be the norm for the …
Costco has spent $1 billion to ensure a steady supply of their famous in-store rotisserie chicken – setting up their own massive farm and slaughterhouse in Nebraska, with 500 chicken houses each containing 42,000 chickens. The Washington-based company is the only one to have its own processing plant, which is spread across a 400-acre site …