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Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec

A senior Costco Wholesale executive has confirmed that the big-box retailer has no plans to reprice its $1.50 hot dog and soda combo in its stores despite months of decades of high inflation. Costco Chief Financial Officer Richard Galanti reiterated that the discount price of the fan-favorite deal would remain in place during the company’s …

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These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

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GigaCloud Stock Tumbles, Joining Meme Old-Timers AMC and GameStop in the Red

Text size The time of dreams GigaCloud technology fell on Monday, restoring early morning gains after retail traders changed their view on the stock. The Hong Kong-based B2B platform completed its Nasdaq IPO on Thursday, with the stock opening at $19.20, 56.7% above the IPO price of $12.25. . The next day, GigaCloud (ticker: GCT …

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Ryan Cohen cashed out of Bed Bath & Beyond stock with more than $58 million profit; shares plunge again

Investor Ryan Cohen confirmed he had sold his entire stake in retailer Bed Bath & Beyond Inc. at a profit of more than $58 million, and the shares fell in after-hours trading for a second consecutive day on Thursday. A filing with the Securities and Exchange Commission that was made public after markets closed on …

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