Costco, the membership-based warehouse club, announced a membership fee increase of $5 in the U.S. and Canada starting on September 1st. This means that annual memberships will now cost $65, up from $60. Additionally, the higher-tier plan, known as “Executive Membership,” will see an increase to $130 per year from $120. This fee hike will
Business
With NASA astronauts docked at the International Space Station for far longer than planned, there is an acknowledgment from the agency’s leadership about potential alternatives to Boeing’s Starliner for returning the crew to Earth. Despite this, officials still consider Boeing’s spacecraft as the primary option for the return. Starliner capsule “Calypso” is expected to return
Walmart recently announced plans to open five automated distribution centers for fresh food across the country. These facilities are designed to enhance efficiency in its supply chain operations and support the growth of its online grocery business. With an average size of 700,000 square feet, these centers feature automated storage and retrieval systems, specifically designed
In a recent announcement, Athletic Brewing Company revealed that it has secured an additional $50 million in equity financing in a round led by General Atlantic. The company’s founder and CEO, Bill Shufelt, expressed his optimism about the partnership with General Atlantic, mentioning that the investment is expected to increase significantly in the future. This
Boeing, a prominent player in the aerospace industry, recently made headlines by agreeing to plead guilty to criminal fraud pertaining to the fatal 737 Max crashes. This decision not only tarnishes Boeing’s reputation by branding it as a felon but also raises concerns about its ability to continue conducting business as usual. The plea deal,
After months of negotiation, Paramount Global has agreed to merge with Skydance, marking a significant shift in leadership. The Redstone family, which has long controlled Paramount, will step away from control of the movie studio and media company. The new leadership team will consist of Ellison as CEO and Shell as president. This change in
The current state of the U.S. airline industry is characterized by record demand for air travel, but this demand is not translating into record profits for airlines. Despite the forecast for increased demand and revenue, airlines are facing challenges that are impacting their bottom lines. Higher labor and other costs have eaten into profits, forcing
The semiconductor industry is currently grappling with the challenge of recruiting workers in a tight labor market. The competition for talent has intensified, particularly as funding from initiatives like the CHIPS and Science Act aimed at stimulating domestic production continues to be distributed. However, an upcoming shortfall of up to one million workers in the
The hot dog eating world has a new champion in the form of Patrick Bertoletti. At the annual Nathan’s Hot Dog Eating Contest, held on July 4th, Bertoletti consumed an impressive 58 hot dogs in just 10 minutes. This victory marks the end of an era following Joey Chestnut’s longstanding reign as the 16-time winner
The announcement of the acquisition of Neiman Marcus Group by HBC, the parent company of Saks Fifth Avenue, for $2.65 billion has sent ripples through the luxury retail industry. The merger will bring together two iconic names in the sector, creating a new entity known as Saks Global. This move has been anticipated for years
