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Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as the U.S. hypermarket chain struggled to lure shoppers in a competitive grocery space, sending its shares down about 2% in extended trading. U.S. grocers compete fiercely to attract shoppers and also face the threat of Amazon.com Inc expanding into the space, forcing Costco and other grocers to slash prices and invest heavily in stores and online. In August, Costco opened its first store in Beijing where overcrowding and traffic jams in the neighborhood forced the retailer to limit the number of shoppers in the store. …read more […]

Costco shares are tumbling in after-hours trade, following a lackluster fourth-quarter earnings report. Yahoo Finance’s Jared Blikre joins The Final Round to break down the numbers. …read more […]

On Tuesday, Charles Schwab (NYSE: SCHW), the pioneer in low-cost commissions, lobbed a grenade onto Wall Street.
It announced that it was going to a zero-dollar commission structure on all trading.
To put this in perspective, let’s go back to the ’90s. Back then, just before the advent of online trading, brokers could charge up to 5% of the amount of a transaction as their commission charge – both entering and exiting the trade.
For a $20,000 trade, that could amount to as much as $2,000 in commissions. Very few brokers were that egregious, however, and usually they charged around 2% each way.
Still, …read more […]

Microsoft rose 1.2% and Facebook added 2.7%, with the two contributing more than any other companies to the S&P 500’s gain. The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016. Stock prices bounced back from the dour economic data as bets on a third U.S. rate cut this year at Fed’s October policy meeting surged to 90% from 40%, according to CME Group’s Fed Watch tool. …read more […]

Is T-Mobile US, Inc. (NASDAQ:TMUS) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […] …read more […]

Nickelback hit the president with a copyright claim. And it worked, fast. …read more […]

President Trump signed an executive order that his administration says will “protect” Americans from “Medicare for all” campaign proposals pushed by democrats. Ivan Feinseth, Tigress Financial Partners CIO, joins Yahoo Finance’s Akiko Fujita. …read more […]

Q2 2019 Taubman Centers Inc Earnings Call …read more […]

(Bloomberg) — Square Inc. has become one of the first U.S. payments platforms doing business with cannabis providers, just as marijuana legalization gains traction and the industry is booming.The company this week started allowing cannabis businesses to sell products on its platform while keeping track of payment and inventory management. Square’s program will be available to U.S. businesses that sell cannabidiol, or CBD products. CBD derived from hemp was legalized last year, while the intoxicating THC compound remains illegal at the federal level.“We saw this as an opportunity to make our tools available to sellers” in the pot industry, Square …read more […]

Insider Monkey finished processing more than 730 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of June 28th, 2019. What do these smart investors think about Berkshire Hathaway Inc. (NYSE:BRK-B)? Is Berkshire Hathaway Inc. (NYSE:BRK-B) a great stock to buy now? Hedge funds are becoming more […] …read more […]

Investors will remember 2019 as the year of the initial public offering (IPO).
It is remarkable how many high-profile companies went public this year. Uber (NYSE: UBER), Lyft (Nasdaq: LYFT), Slack (NYSE: WORK), Datadog (Nasdaq: DDOG), Pinterest (NYSE: PINS) and Dynatrace (NYSE: DT) are just a few of the nearly 200 companies that submitted IPO paperwork in 2019. Many more are in the pipeline like WeWork, Peloton and Airbnb.
It’s an IPO party, but not everyone is having a good time. Some IPOs are massive successes. Some are massive failures. It can be hard to tell which side a company will come …read more […]