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 … Read more

Costco benefits from doomsday preppers

Fg Trade | E+ | Getty Images Among the cans of tuna and flashlights in doomsday preppers’ closets, there is an increasingly popular staple — gold bars. The recent rise in value of the yellow metal is not just another chapter of favorable economic conditions for the asset, experts say. People’s interest in gold — … Read more

Costco sales did not clear high bar, but other financials move in right direction

Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels … Read more