Costco hikes membership fee for the first time since 2017

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

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 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