Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou 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...
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled "Fiscal Year 2025 Request for the Federal Trade Commission," in Rayburn Building on Wednesday, May 15, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Federal Trade Commission is planning to...
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty ImagesA widely-anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months.The consumer price index (CPI) report for June is due out at 8:30...
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800...
Check out the companies making headlines before the bell: Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased...
Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart 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...
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTSMC, the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday...
This photograph shows the take-off of the European Space Agency (ESA) 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 ImagesThe powerful European-built Ariane 6 rocket made its long-awaited liftoff on...
Anyone out shopping for a home today knows there is still precious little for sale.The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers:...
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped 1.8% following KeyBanc's price target hike to $180, which implies about 40% upside from Monday's close. The firm said demand for Nvidia's H100 chip "remains robust" even with the imminent launch...