Costco hikes membership fee for the first time since 2017
You’ll 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.…
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The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of…
S&P 500 closes above 5,600 for the first time, lifted by gains in Big Tech
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher. The broad market index jumped…
Tesla is the new meme stock, according to one billionaire investor
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment…
Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
Walmart 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…
Barcelona protesters throw items and spray travelers with water while shouting ‘tourists go home’
Millions flock to Barcelona, Spain, every year to enjoy a sweet taste of idyllic European life. But over the weekend, thousands of people marched through the streets and sprayed visitors…
People are earning more from side gigs and needing them less
Side hustlers are hustling a little less but making more when they do. About 36% of U.S. adults say they make extra money from a side job beyond their main…
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill…
S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some…
UiPath to lay off 10% of workforce in companywide restructuring
UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of a broader restructuring, the company said in filing with the SEC on Tuesday.…