If you’re a smart shopper, you probably know that summer brings more than just warmer weather and longer days. It can also mean changing grocery prices. And this year, there’s more at play than just the supply and demand of changing seasons. Due to upcoming tariffs, grocery items that are imported from certain countries could…
In This Story After a hectic earnings week and ongoing tariff war, March kicks off with a select group of earnings reports, with a strong focus on the AI and retail sectors. Nvidia’s record earnings reveal just 3 customers make up 30% of revenue Here’s a look at what investors should watch in the days…
The first week of March will bring investors a crucial jobs report and a range of key retail earnings that could have the potential to either stoke or allay fears about the US economy and the consumer showing some signs of stress. The February jobs report out Friday is expected to show hiring rose modestly…
A voluntary recall is underway for canned tuna sold at retailers across the US for a possible Botulism contamination. Some may have been sold in parts of the Tennessee Valley. Tri-Union Seafoods decided on the recall after they received notification from their supplier that the “easy open” pull tab can lid on the products had…
Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike, the union said Saturday. Teamsters spokesman Matthew McQuaid confirmed the agreement, which will have to be approved by members. Details of the agreement weren’t immediately available. The Associated Press left a message seeking comment with Costco. The Teamsters…
Costco workers vote to strike; current contract expires Jan. 31 Costco workers vote to strike; current contract expires Jan. 31 00:21 Costco Wholesale is increasing its pay to more than $30 an hour for hundreds of thousands of workers, with clerks at the top of the retailer’s pay scale set to make almost $32 an…
(Reuters) – Retailer Costco Wholesale (COST) will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week. The company will increase hourly pay for its top of the scale employees over the next three years, with the pay rising by $1 to…
Costco shareholders voted down a shareholder proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion, or DEI, practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal. In a pre-recorded statement which was played…
Good morning, President Donald Trump’s sweeping changes to the federal workforce could mean taxpayers will have to wait longer for their refunds this year. Trump signed two executive orders this week that instituted a return-to-office mandate for federal employees, and a hiring freeze for most of the government. That could have immediate consequences for the…
Dozens of shareholders representing $266 billion in assets are calling on Walmart to spell out the business reasons for backpedaling on the retailer’s diversity, equity and inclusion (DEI) initiatives. Investors including Amalgamated Bank and Dominican Sisters of Grand Rapids said Tuesday in a letter to Walmart CEO Doug McMillon that they are “concerned to see our…