Aiman Jabver's outside the White House with the story. Aean, this one is very interesting to me. >> Yeah, that's right, Courtney.In the 17page lawsuit that was actually filed Friday against US Customs and Border Protection, Costco said it has to act now because it's facing this December 15th deadline for a final tally of its tariffs this year. And it says that Customs has already denied Costco's request for an extension given that the tariffs are being litigated in the Supreme Court. So the company says fir ...

Core Argument - Costco has filed a lawsuit against the Trump administration, claiming that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are unlawful and seeking a full refund of all levies paid under these tariffs [2][3]. Group 1: Legal Basis of the Lawsuit - The lawsuit argues that the IEEPA does not clearly authorize the President to set tariffs, thus rendering the challenged tariff orders invalid [2]. - Costco is requesting the Court of International Trade to consider all tariffs collected under IEEPA as illegal [2]. Group 2: Implications for Costco - The company claims it is facing "imminent and irreparable harm" due to anticipated liquidation of entries for which it paid IEEPA duties as early as December 15 [3]. - Costco emphasizes the necessity of the lawsuit, stating that without judicial relief, it is "not guaranteed a refund for those unlawfully collected tariffs" [6]. Group 3: Context of the Lawsuit - Costco joins other companies, including Revlon, Kawasaki, and Bumble Bee Foods, in legal action against the White House regarding tariffs [3]. - The lawsuit coincides with the U.S. Supreme Court's consideration of the legality of these tariffs, following challenges from multiple states and businesses [3][4].

Costco is looking to get a refund on the tariffs it has paid so far under the Trump administration's tariffs. Kevin Carter / Getty Images Close Key Takeaways Warehouse retail giant Costco Wholesale (COST) has joined the list of companies looking for a refund on tariffs. The company filed a lawsuit against U.S. Customs and Border Protection and the Trump administration on Friday. In the Court of International Trade, Costco said that it would seek a refund of the tariffs it has paid on imports in the last sev ...

Core Insights - The expansion of big and bulky merchandise is crucial for Costco's digital business, with a 13% year-over-year increase in deliveries through the Costco Logistics program in Q4 fiscal 2025 [1][8] - Costco's focus on enhancing the delivery experience has led to improved member satisfaction, evidenced by 15 consecutive quarters of rising member experience scores for Costco Logistics deliveries [2] - E-commerce traffic surged by 27% in Q4, driven by strong performance in various categories, contributing to over $27 billion in digitally enabled sales for fiscal 2025 [3][4][8] Financial Performance - Costco's shares have declined by 7.2% over the past year, contrasting with a 0.9% growth in the industry, while Dollar General shares increased by 38.5% and Target shares decreased by 30.5% [5] - The forward 12-month price-to-earnings ratio for Costco is 44.65, significantly higher than the industry average of 30.13, indicating a premium valuation compared to Target and Dollar General [6] Sales and Earnings Estimates - The Zacks Consensus Estimate indicates year-over-year growth of 7.7% in sales and 11% in earnings per share for the current financial year [9] - Current sales estimates for Costco are projected at $67.15 billion for the current quarter and $296.34 billion for the current year, with expected growth rates of 8.04% and 7.67% respectively [10] - Earnings per share estimates are $4.24 for the current quarter and $19.97 for the current year, reflecting a year-over-year growth of 10.99% and 11.01% respectively [11]

Core Insights - Costco is suing the Trump administration to declare tariffs imposed under the International Emergency Economic Powers Act unlawful and is seeking a full refund of duties already paid [3][6]. - The lawsuit is significant as it positions Costco as one of the largest companies challenging the Trump administration's tariffs, with implications for other firms considering similar actions [3][5]. - The urgency of the lawsuit is highlighted by the potential for the tariffs to be "liquidated," which could prevent Costco from recovering the duties if the tariffs are later deemed unlawful [6]. Company Actions - Costco has filed a complaint in the U.S. Court of International Trade against U.S. Customs and Border Protection and other officials, emphasizing the need for a swift resolution [6]. - The company is concerned about the economic impact of the tariffs and is seeking clarity as it prepares its strategies for 2026 [5][6]. Industry Implications - The lawsuit may set a precedent for other companies to file similar suits, as many firms are looking for clarity on the future of tariffs [5]. - The economic consequences of the tariffs are significant, and the outcome of the Supreme Court's ruling could influence the strategies of various firms in the industry [4][5].

Core Insights - U.S. stock futures indicate a cautious uptick, suggesting a potential rebound after a five-session winning streak ended, with investors monitoring economic data and corporate earnings reports [1][10] Premarket Trading Activity and Futures Movements - S&P 500 futures are up approximately 0.3%, Nasdaq 100 futures have advanced around 0.4%, and Dow Jones Industrial Average futures show a gain of about 0.2% [2] - The Dow Jones Industrial Average fell 0.9%, S&P 500 down 0.5%, and Nasdaq Composite down 0.4% in the previous session [2] - Bitcoin has recovered to around $87,200 after a significant drop, positively impacting crypto-related stocks like MicroStrategy, MARA Holdings, Coinbase, Riot Platforms, and Robinhood, which are showing premarket gains of 1% to 3% [2] Notable Stock Movements - MongoDB shares surged by 24% and Credo Technology Group Holding jumped 18% after reporting quarterly results that surpassed analysts' estimates [3] - Nvidia shares advanced 1.7% on Monday and are up almost 1% further before the bell following a $2 billion investment in Synopsys [3] - Most of the "Magnificent Seven" large-cap technology firms are pointing higher, except for Apple, which is fractionally lower [3] Upcoming Market Events - The Job Openings and Labor Turnover Survey (JOLTS) data for August is scheduled for release today, while the Federal Reserve's FOMC meeting on December 9-10 is highly anticipated [4] - There is an 80% likelihood of a December rate cut, influenced by dovish statements from Fed officials [4] Earnings Reports - CrowdStrike Holdings and Marvell Technology are set to release quarterly results today, with Salesforce and Snowflake reporting Q3 results after the close [5] - Dollar Tree will issue its Q3 results pre-market on Wednesday, providing insights into consumer spending [5] Major Stock News and Developments - Nvidia's $2 billion investment in Synopsys emphasizes a focus on AI infrastructure [6] - The Walt Disney Company's shares rose 2.2% following strong box-office performance for "Zootopia 2" [6] - Coupang shares fell 5.4% due to a data breach affecting over 33 million customers [6] - Moderna shares dropped 7% after an FDA memo linked its COVID-19 vaccine to the deaths of 10 children [6] Corporate Innovations - Estée Lauder and Jo Malone launched an AI-powered Scent Advisor experience using Google Cloud's AI capabilities [7] - Sangamo Therapeutics received U.S. FDA Fast Track Designation for an investigational treatment for intractable pain [7] - Apple is reorganizing its AI ranks and hiring a Microsoft executive following the retirement of its top AI leader [7] Economic Outlook - The OECD forecasts global economic expansion to slow to 2.9% next year from 3.2% this year, with tariffs impacting growth but AI investments providing some support [9] - Eurozone inflation increased in November, making an interest rate cut by the European Central Bank less likely [9]

Wholesale retail giant Costco has sued the federal government to ensure it will receive a “complete refund” on import duties if the Supreme Court rules against President Donald Trump’s sweeping tariffs. The lawsuit, filed in the U.S. Court of International Trade in New York on Nov. 28 and reviewed by USA TODAY, asked the court to find Trump’s use of the International Emergency Economic Powers Act to impose tariffs as unlawful. Costco, the largest warehouse club operator in the United States, said it has ...

Core Viewpoint - Costco has joined a growing number of companies suing the Trump administration over tariffs imposed under the International Emergency Economic Powers Act (IEEPA), with expectations that the government is likely to lose the case [1][3]. Group 1: Legal Context - The IEEPA allows the President to impose trade restrictions during a national emergency, which the Trump administration has used to implement tariffs on various imports [3]. - The legality of these tariffs has been challenged in court, with previous rulings indicating that the IEEPA does not authorize such tariffs [4][9]. Group 2: Lawsuit Details - Costco filed its lawsuit on November 28, seeking a declaration that the tariffs are illegal, an injunction against further tariffs, and a full refund of all tariffs paid [4]. - The lawsuit reflects concerns that even if the Supreme Court rules against the Trump administration, companies may not automatically receive refunds for tariffs already paid [4][8]. Group 3: Broader Implications - Other notable companies, including Revlon and Kawasaki, have also filed similar lawsuits, indicating a trend among both large and small businesses to seek refunds for tariffs [6]. - The potential financial implications for the U.S. government could involve repaying a significant portion of the $195 billion in tariffs collected as of September 30 [8]. Group 4: Legal Strategy - The lawsuits are positioned as class actions to ensure that all affected parties can seek relief, given the uncertainty surrounding individual claims for refunds [7][9]. - Legal experts suggest that the outcome of these cases could set a precedent for how tariffs are handled in the future, particularly regarding the scope of judicial remedies available [9].

It's having a rare off year; is this a buying opportunity?Costco Wholesale (COST 0.18%) is having a rare off year. It's a stock that almost always beats the market, and as you go back in time, the outperformance keeps getting wider. However, Costco stock is roughly flat this year, even as the S&P 500 index has soared 17%. Is this a great time to buy? Or a signal to stay away? Costco, the company, is unstoppableCostco continues to enjoy robust growth, and its membership model provides reliable recurring reve ...

Multinational retailer Costco has taken the unusual step of suing the US government to ensure it can recover import duties should the Supreme Court ultimately rule that former President Donald Trump l... ...