Group 1 - President Donald Trump announced new tariffs, including a 100% levy on imported pharmaceuticals [1] - The tariffs will apply unless pharmaceutical manufacturers are actively building factories in the U.S. [1]

Group 1 - The U.S. will impose a 100% tariff on any branded or patented pharmaceutical product entering the country starting October 1 [1] - Companies that have started construction on drug manufacturing plants in the U.S. will be exempt from this tariff [1][2] - Trump indicated that the initial tariff on pharmaceuticals will be small, with plans to increase it to 150% and potentially up to 250% within a year to a year and a half [3] Group 2 - In addition to pharmaceuticals, a 25% duty on heavy trucks and a 50% levy on kitchen cabinets and bathroom vanities will also take effect on October 1 [2] - The Department of Commerce is conducting national security investigations into imports of robotics, industrial machinery, and medical devices, which may lead to additional tariffs [3][4] - Personal protective equipment and other medical consumables are included in the scope of the new investigations, but pharmaceuticals are being examined separately [4]

Hey, so I just got off the call and they are still talking, but some of the highlights for growth in the quarter was that membership income grew by about 14% year-over-year. And that's a closely watched area since so much of uh their their business comes down to members. The other thing that they spoke about is uh CFO Gary Milit mentioned that they're trying to offset tariffs by sourcing differently than they were before.They're introducing things from the Kirkland brand that are alternatives to tariff affe ...

Costco Wholesale earnings met Wall Street expectations after concerns tariffs and inflation would lead to consumer pullback and impact the retailer’s earnings. The grocery chain reported an earnings per share of $5.87 on a revenue of $86.16 billion after the bell on Thursday for its fiscal fourth quarter earnings . Costco’s net sales rose 8% to $84.4 billion compared to $78.2 billion in net sales during the same quarter last year. Comparable sales in the U.S. last quarter increased 6% on an adjusted basi ...

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product—the nation's output of goods and services—rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3%, and forec ...

Financial Performance - Costco reported a net income of $2.61 billion, or $5.87 per share, for the fiscal fourth quarter, an increase from $2.35 billion, or $5.29 per share, a year earlier [1] - Revenue for the quarter was $86.16 billion, surpassing the expected $86.06 billion [7] Sales Metrics - Same-store sales rose by 6.4% excluding the impact of gas prices and foreign exchange, marking two consecutive quarters of decelerating growth [2] - E-commerce sales increased by 13.5% compared to the previous year, also excluding gas prices and foreign exchange impacts [2] Market Position and Strategy - Costco has opened new locations and attracted younger members, with nearly half of new signups being individuals under 40 [3] - The company is well-positioned to handle higher tariffs due to its grocery-focused sales and flexible merchandise selection [4] - Actions have been taken to mitigate tariff-related costs, including expediting orders and sourcing more items locally [5] Stock Performance - Over the past five years, Costco's shares have increased by approximately 180%, but have underperformed in the current year with just over 2% growth compared to the S&P 500's over 12% gains [6]

Let's get more on that burst of positive economic news out this morning. Refllies inflation adjusted GDP for the second quarter came in at a healthy 3.8%. That was stronger than the 3.3% figure that was previously reported.And meanwhile, in a sign of strength for the labor market, initial jobless claims edged lower to 218,000 and July existing home sales, which just crossed ticked higher to just over 4 million. So, how does the US economy keep chugging along amid what seems like a drum beat of dire predicti ...

People tend to have amnesia when it comes to financial markets. It was only just a few months ago that max fear it was spreading like wildfire all across Wall Street. They swore on their life that tariffs would bring sky-high inflation to American consumers.That hasn't happened. You don't have to believe me either. Federal Reserve Chairman Jerome Powell, the boss, he said it himself yesterday.We're now collecting a good bit of revenue. The federal government collecting a good chunk of revenue, three or 400 ...

Colombia’s coffee sector is in turmoil as Brazilian beans flood into the country in response to Donald Trump’s crippling tariffs. https://t.co/eFfyiv7YSf ...

SUBSCRIBE | FastCo Works LOGIN advertisement BY Sarah Fielding Listen to this ArticleMore info 0:00 / 0:00 As of August 31, the H&M group had 4,118 stores, compared to 4,298 at the same point last year. Stock price rises despite tariff warning Despite the concerning forecast, investors responded positively to H&M group's current earnings. Trading on the Stockholm Stock Exchange, the company's share price (STO:HM-B) jumped 10% through after- hours and into premarket trading Thursday morning. Subscribe to t ...