In a surprisingly paradoxical earnings report, Costco Wholesale Corporation unveiled its second-quarter financial results that created ripples among investors. While the company surpassed Wall Street’s revenue expectations, it missed the earnings per share target. Reporting earnings of $4.02 against a projected $4.11, Costco’s stock fell by over 1% in after-hours trading. This seemingly disconnected performance
Business
In an era where economic indicators are often praised for their positivity, the recent surge in apartment construction—nearly 600,000 new multifamily units completed last year—paints a stark contrast to what renters are experiencing on the ground. Developers and politicians tout these remarkable figures, claiming that they signal a flourishing housing market that should alleviate chronic
In an era where American consumers have been accustomed to exploring a plethora of affordable options for their home construction, the impending increase in tariffs imposed by the Trump administration has created a wave of anxiety among builders and buyers alike. As the cost of vital construction materials like lumber, drywall, and appliances are bound
Tennis legend Serena Williams is taking her commitment to women’s sports to the next level with her recent investment in the Toronto Tempo, the first WNBA expansion team set in Canada. Announced on Monday, this venture illuminates Williams’ ongoing mission to support and promote women’s athletics through tangible investments. As the tempo of innovation and
In an era where passenger comfort and luxury have reached unprecedented heights, modern airlines are striving to elevate their customers’ flying experiences. The introduction of features such as heated or cooled seats, high-definition television screens, and smartly-designed cabin layouts has transformed the notion of air travel into a more comfortable and enjoyable experience. However, these
In a noteworthy move to enhance customer satisfaction and keep pace with burgeoning industry standards, American Airlines plans to pilot complimentary inflight Wi-Fi on select routes. Beginning next week, this trial will take place on three specific routes originating from Charlotte Douglas International Airport, connecting to both Raleigh-Durham and Jacksonville, as well as a route
The appointment of Jonathan McKernan, named by President Donald Trump to lead the Consumer Financial Protection Bureau (CFPB), has ignited intense scrutiny from Democratic senators. During a rigorous confirmation hearing, prominent voices such as Elizabeth Warren raised pivotal questions regarding McKernan’s commitment to upholding the agency’s legal obligations. The CFPB, established in the aftermath of
The media landscape is undergoing seismic shifts, and few events encapsulate this phenomenon better than Jeff Bezos’ recent announcement regarding The Washington Post’s editorial direction. With an assertion that the newspaper would focus exclusively on “personal liberties and free markets,” Bezos has effectively closed the door on publishing dissenting opinions. This controversial shift has ignited
Eli Lilly has taken significant steps to enhance the accessibility of its weight loss drug, Zepbound, particularly for individuals without insurance coverage. On Tuesday, the company announced the rollout of higher doses in single-dose vials at significantly lower prices than their usual monthly rates. This adjustment is part of a broader initiative aimed at meeting
In a landscape marked by recent governmental upheaval and restructuring, JPMorgan Chase CEO Jamie Dimon offers a pointed critique of the U.S. government, particularly under the reign of the Trump administration. During a recent interview with CNBC’s Leslie Picker, Dimon articulated his belief that inefficiency pervades governmental operations, suggesting that a significant overhaul is necessary