Costco shares fell in afterhours trading after the company saw total revenue fall slightly shy of Wall Street estimates while e-commerce sales tumbled 9.6%.
Share:
More In Business
Google's New AI Computer to Challenge Nvidia Competitor
Google revealed details of its new artificial intelligence supercomputer on Wednesday.
Mortgage Demand Down Even Though Rates Dipped
Demand for mortgages was down last week, even though rates inched lower for potential homebuyers.
Inflation Impacts Walmart as Retail Giant Looks to Automation
Walmart told shareholders Wednesday that inflation is impacting the business. Now it is looking to add automation to offset hiring.
Bob Lee, Cash App Founder and MobileCoin Exec, Slain at 43
Bob Lee, a technology executive who created Cash App and was currently chief product officer of MobileCoin, has been fatally stabbed in San Francisco.
FDA Says Maker of Recalled Eye Drops Failed to Follow Multiple Safety Protocols
The Food and Drug Administration has announced that the maker of a brand of eye drops linked to an outbreak of fatal bacterial infections failed to follow safety protocols.
Southwest Airlines Reopens 'Companion Pass' Through Wednesday
Southwest Airlines Co. has announced the return of its "Companion Pass" offer, which allows the airline's "Rapid Rewards" members to designate a companion who can travel with them for free between August 15 and September 30.
Volkswagen U.S. CEO Pablo Di Si Highlights Upcoming EV Line-up
German carmaker Volkswagen said it plans to introduce 25 new electric vehicle models through 2030. As that roll out begins in earnest, Pablo Di Si, president and CEO of Volkswagen Group of America, provided Cheddar News with a breakdown of what consumers can expect from the line-up.
Cheddar Afternoon News Briefings of April 5th
Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of April 5th
Afternoon Alexa Flash Briefings
