此前特朗普曾罕见承认关税政策导致美国消费者购买商品时的花费增加，尽管他坚称政策总体有益。路透社报道指出，特朗普承认"由于他的关税政策，美 国消费者正在承受更高的商品价格"。这种政策立场的反复折射出通胀压力对行政决策的实质性约束。 科技愿景与商业落地的温差 在传统制造业面临关税与成本双重挤压之际，政府试图通过押注新兴科技寻找新的增长叙事。特朗普政府正计划加速推动机器人产业发展，商务部长霍华德 ·卢特尼克近期多次会见机器人行业的公司高管。知情人士透露，政府正考虑在明年发布一项关于机器人的行政命令，试图在AI等关键领域构建竞争优势。 中小企业在当前的经济环境下承受了主要的冲击，裁员潮在这一领域尤为集中。员工数少于50人的小型企业合计减少了12万个岗位，其中20至49人规模的企 业裁员人数达到7.4万人。相比之下，大型企业仍保持了净增态势，劳动力市场的分化格局愈发显著。ADP首席经济学家Nela Richardson指出，"雇主正在应 对谨慎的消费者和不确定的宏观经济环境，招聘活动近期波动明显"。 关税承诺与通胀现实的博弈 然而科技巨头在人工智能商业化落地方面正遭遇现实阻力，市场预期开始出现修正。微软内部多个业务部门 ...

Group 1 - Investors are currently analyzing retailers to identify potential beneficiaries of seasonal consumer spending trends [1] Group 2 - The focus is on U.S. and European equities, particularly undervalued growth stocks and high-quality dividend growers [2] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is emphasized as a more reliable driver of returns than valuation alone [2] - The investment strategy aims to balance asset management to ensure financial freedom while maintaining the ability to work in fulfilling environments [2]

【环球时报特约记者 甄翔】美国零售巨头开市客日前在美国国际贸易法院正式起诉美国联邦政府。据《华盛顿邮报》2日报道，开市客提交诉状 称，美国联邦政府援引《国际紧急经济权力法》征收关税非法，要求政府全额返还公司已缴关税。 在开市客起诉政府并寻求已缴关税全额返还之前，已有数十家公司发起了类似诉讼，其中包括日本著名摩托车生产商川崎和美国著名水产罐头品 牌大黄蜂等。许多媒体关注到，当下因关税起诉政府的公司数量正在快速增加。 美国国家公共广播电台称，如今发起诉讼要求全额返还已缴关税的企业已经排起长队。 彭博社认为，作为全美最大会员制大卖场，开市客这家巨头加入起诉行列尤其引人关注，因为此前参与起诉的企业都是小公司，行业巨头往往因 为担心遭到报复而不敢公开出头。 美国乔治敦大学贸易法专家马克·布斯克就此表示："这还是我们第一次看到大公司公开出头，能有如此重量级企业加入诉讼战，真是太好了！" 企业承受关税冲击 《华盛顿邮报》等美国媒体报道称，在关税冲击下，开市客等美国企业面向美国消费者采取了不同的策略。就开市客而言，卖场里售卖的进口鲜 花类商品确实出现了提价现象。该公司首席财务官米勒奇普坦言，对鲜花这样的非必需品，既然消费者有 ...

Costco Wholesale (NasdaqGS:COST) December 2025 Update Summary Industry and Company Overview - The conference call pertains to Costco Wholesale, a leading retail company known for its membership-based warehouse club model Core Points and Arguments - **Sales Performance**: - Net sales for November reached $23.64 billion, marking an increase of 8.1% from $21.87 billion in the same month last year [2] - Comparable sales for the month were reported as follows: - US: 6.0% - Canada: 6.9% - Other international: 11.4% - Total company: 6.9% - Digitally enabled sales: 16.6% [2] - **Comparable Sales Excluding Gas and FX**: - Total company comparable sales, excluding gas sales and foreign exchange impacts, were 7.0% [3] - Comparable sales excluding gasoline price impacts were: - US: 5.8% - Canada: 8.3% - Other international: 8.0% - Total company: 6.4% - Digitally enabled: 16.3% [2] - **Traffic and Transaction Trends**: - Comp traffic increased by 3.8% worldwide and 3.0% in the US [3] - Average transaction value increased by 3.0%, with a 2.5% increase when excluding gas inflation and foreign exchange impacts [3] - **Regional Performance**: - Strongest comparable sales in the US were observed in the Northeast, Midwest, and Southeast regions [4] - Internationally, Australia, Taiwan, and the UK showed the strongest results [4] - **Merchandising Highlights**: - Foods and sundries experienced positive mid to high single-digit growth, with strong performance in candy, food, and sundries [4] - Fresh foods also saw mid to high single-digit growth, particularly in meat and bakery departments [4] - Non-foods grew in the mid-single digits, with jewelry, tires, and health and beauty performing well [4] - Ancillary business sales increased by high single digits, with pharmacy, food court, and optical being top performers [4] - **Gas Sales**: - Gas sales increased in the low to mid-single digits, driven by an increase in gallons sold year over year [5] Additional Important Information - The call included forward-looking statements that involve risks and uncertainties, which may cause actual results to differ from those projected [1] - The next reporting period will cover five weeks from December 1, 2025, to January 4, 2026 [5]

Over the past decade, these stocks have surged more than 460%.Two of the biggest behemoths in retail are Walmart (WMT +0.96%) and Costco Wholesale (COST 0.57%). They both offer essential day-to-day products, including groceries, and a diverse mix of discretionary items. Their businesses have also been resilient over the years, even as other retailers have struggled due to challenging economic conditions.Over the past five years, both of these stocks have more than doubled in value. But in the process, that ...

美国联邦最高法院正在审理特朗普政府的对等关税的合宪性。各企业发起诉讼的目的是，若最高法院作 出违宪判决，企业可获得已缴纳的关税的返还…… 日本经济新闻（中文版：日经中文网）12月2日获悉，美国零售大企业Costco Wholesale (开市客)、住友化学、理光和丰田通商等日美企业已分别起诉美国政府，要求返还特朗普政府 加征的关税。 截至12月2日，至少有9家日资企业和2家美国企业向位于美国东部纽约、专门处理贸易案件 的美国国际贸易法院提起诉讼。 在美国，联邦最高法院正在审理特朗普政府的对等关税的合宪性。各企业发起诉讼的目的 是，若联邦最高法院作出违宪判决，企业可获得已缴纳的关税的返还。 美国总统特朗普以紧急情况下限制经济交易的《国际紧急经济权力法》（IEEPA）为依据，在 没有得到美国国会批准的情况下，对各国征收了"对等关税"和"芬太尼关税"等额外关税。 联邦法院的下级法院认为，征收关税属于超越总统权限，作出了违宪裁定。最高法院于11月 开始审理，最快可能在年内作出判决。 特朗普政府一直在有关外交和财政的协调中利用关税政策。在最高法院的审理过程中，保守 派法官也接连对特朗普政府的做法提出质疑。如果作出违宪判 ...

It is time now for money power politics. While the world waits to see if the Supreme Court strikes down the president's tariffs, Costco is not taking any chances. The very popular wholesaler is suing the Trump administration to get a full refund of new tariffs it paid so far this year.It is also looking to block any more import duties from being collected until a final decision is made by the nation's highest court. And dozens of other companies, but much smaller ones, have filed similar suits. Costco is th ...

Tonight, another showdown between Costco and President Trump. This time, not over politics, but over money. The retail giant suing the Trump administration for a full refund of the tariffs they've paid on imported goods under Trump's tariff plan.>> My fellow Americans, this is Liberation Day. >> The administration used the International Emergency Economic Powers Act, AIPA for short, to put the tariffs in place. But now, the Supreme Court will decide whether the use of this nearly 50year-old law was unlawful ...

Explore how two leading consumer staples ETFs differ in sector reach, portfolio makeup, and what that means for diversified exposure.The State Street Consumer Staples Select Sector SPDR ETF (XLP) and iShares US Consumer Staples ETF (IYK) both target U.S. consumer staples, but XLP is a lower-cost and more concentrated fund, while IYK is broader and includes a small healthcare tilt.Both funds are designed for investors seeking exposure to the consumer staples sector, but IYK (IYK 1.35%) introduces modest heal ...

Warehouse retail giant Costco Wholesale has sued the Trump administration as it seeks a refund for the tariffs it has paid as the Supreme Court considers whether they were enacted illegally. https://t.co/oTRtO0xmkt ...