Costco posts another sales miss — but sees gains in wealthy shoppers and this Amazon disrupted industry

Even after Amazon’s 50% stock surge this year, these factors could spur more gains

A TD Cowen analyst thinks Amazon can further penetrate lower-priced household goods and see accelerating revenue from its AWS cloud business next year.

MarketWatch - 5h

Costco posts another sales miss — but sees gains in wealthy shoppers and this Amazon-disrupted industry

Costco shares slipped after hours Thursday after the membership warehouse retailer reported mixed results.

MarketWatch - 7h

Costco beats on earnings as e-commerce sales jump

Costco drew stronger online sales and higher traffic, as shoppers bought jewelry, luggage and more.

CNBC - 8h

Houthi Attacks Continue to Disrupt Shipping Industry As Israel-Hamas War Rages On

The transport route around the southern tip of Africa was once little used — but freighters are now forced to take it and are charging higher rates.

The New York Times - 1d

Amazon launches vehicle sales in 48 cities for specific make, models

Need a new car? You may want to check Amazon.

The Hill - 15h

Wealthy real estate brokers and their brother indicted on sex trafficking charges

Real estate brokers Oren and Tal Alexander and their brother, Alon, have been indicted on charges of sex trafficking. CBS News' Shanelle Kaul reports on the federal investigation.

CBS News - 1d

Protesters disrupt Blinken testimony on Afghanistan withdrawal

Protesters demonstrating against the war in Gaza interrupted Secretary of State Antony Blinken as he testified Wednesday before a House panel about the U.S. withdrawal from Afghanistan. See the ...

CBS News - 1d

Christmas train travel could be hit by staff shortages

Lord Hendy says the transport department is going to "keep a close watch on staffing" over the festive period.

BBC News - 1d

Zara Owner Inditex Posts Higher Sales Amid Fierce Low-Cost Competition

Inditex reported an increase in sales at the start of its final quarter, helped by its fall and winter collections and despite intense competition in the fashion industry.

The Wall Street Journal - 1d

Helldivers 2 For PS5 Is Cheaper Than Its Black Friday Price At Amazon, Also On Sale For PC

PlayStation's biggest console exclusive of 2024 is on sale for its best price yet at Amazon. As part of the retailer's Secret Level sale , Prime members can get the physical edition of ...

GameSpot - 2d

What declining wine sales mean for California's wine grape industry

Wine sales have been declining for years, as younger generations drink less and wine in particular becomes pricier. The shift is having a major impact on California, where 80% of U.S. wine grapes ...

CBS News - 2d

Celtic 'gaining confidence' despite missed opportunity

Celtic miss an opportunity to end their seven-year wait for an away win the in the Champions League, but are "gaining confidence" at this level, says Brendan Rodgers.

BBC News - 2d

TSMC posts 34% surge in November sales in sign of ongoing AI boom

TSMC’s sales have surged over the past two years on the back of booming demand for advanced microchips following the launch of ChatGPT in Nov. 2022

MarketWatch - 2d

China's November imports post surprise drop; sharpest decline in 14 months

Export has been a rare bright spot as the world's second largest economy contends with lackluster domestic consumption and a prolonged housing downturn.

CNBC - 3d

Citi analysts see big jumps ahead for 3 industrial stocks — 1 call really surprised us

Wall Street analysts touted three Club industrial stocks in a Monday research note.

CNBC - 3d

Costco’s results will show us how important bargains still are for shoppers

Earnings Watch: GameStop, Adobe also report

MarketWatch - 4d

TikTok vows to take U.S. ban case to Supreme Court. Meta and Google could see user gains in meantime.

President-elect Donald Trump, who attempted to ban TikTok during his first term, said on the campaign trail that he is now against a TikTok ban and would work to “save” the social-media platform.

MarketWatch - 5d

Party like it’s 1899: the young, wealthy women still attending debutante balls

Opulent celebrations of well-born women became déclassé under Elizabeth II, but the tradition is making a comeback. The event began with an opening dance, then the “debutantes lined up for a ...

The Guardian - 5d

Wealthy Americans are still ducking the IRS crackdown on non-filers

WASHINGTON — Tens of thousands of wealthy Americans are not complying with recently revamped Internal Revenue Service efforts to get them to file tax returns, according to data obtained exclusively ...

NBC News - 6d

Amazon has caught up in the AI race, analysts say, and its stock surges to another record

Amazon’s stock was heading for a third straight record close Friday, as the company’s AWS re:Invent conference gave analysts reason to believe it has caught up with its AI rivals.

MarketWatch - 6d

Wealthy Americans are still ducking the IRS crackdown on non-filers

Tens of thousands of wealthy Americans are not complying with recently revamped IRS efforts to get them to file tax returns.

CNBC - 6d

A rebound is expected after the previous month’s disruptions.

The resolution of the Boeing strike, and recovery from storms in the Southeast, are predicted to produce a gain in monthly payroll data.

The New York Times - 6d

HPE sees more than 30% growth in server sales as AI boom rolls on

HPE’s stock has been the most understated of the three big AI server names this year.

MarketWatch - Dec. 6

Ulta Beauty’s full-year sales forecast is slightly better, and the company says it’s ‘gaining traction’ in competitive backdrop

Shares of Ulta Beauty Inc. rallied after hours on Thursday after the cosmetics chain offered up a slightly more upbeat full-year sales forecast, saying efforts to counterbalance a slowdown in ...

MarketWatch - Dec. 6

Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’

Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...

MarketWatch - Dec. 5

Amazon Secret Level Sale Has New Low Prices For God Of War: Ragnarok And Helldivers 2

Secret Level, a new anthology series from the creators of Love, Death + Robots, launches this month on Prime Video, and Amazon is celebrating with a new sale. The CGI-animated show shines a ...

GameSpot - Dec. 5

Dollar General posts sales beat despite protracted consumer restraint

Dollar General Corp.’s stock was unable to hold its early gains Thursday after the discount retailer’s fiscal third-quarter earnings showed a sales beat but a profit miss, as hurricanes disrupted ...

MarketWatch - Dec. 5

Signet Jewelers’ stock drops as it faces competition from lab diamonds and misses Wall Street’s profit and sales estimates

Retailer warns its revenue may fall short of expectations in the coming quarter.

MarketWatch - Dec. 5

Latest in Costco posts another sales miss — but sees gains in wealthy shoppers and this Amazon disrupted industry

Even after Amazon’s 50% stock surge this year, these factors could spur more gains