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Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company's Apple stake by 13% . Buffett opined that trimming the company's stake in Apple was in part due to tax reasons after the stock roared in 2023. Coca-Cola, Apple Buffett said Apple and Coca-Cola will remain premier holdings in Berkshire's portfolio. American Express The "Oracle of Omaha" highlighted credit card firm American Express as another favorite, noting the company's growing position in the consumer credit sector. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, Buffett, we've, Apple Buffett, BYD Buffett, Charlie Munger, Charlie, BYD, Munger, Cash, Treasurys Buffett, Greg Abel Organizations: Berkshire Hathaway, Paramount Global, Apple, Paramount, Express, American Express, Oracle, American, Costco, Berkshire, CNBC Locations: Omaha, Costco . Berkshire, Omaha , Nebraska

☆ I couldn't deal with Costco when my kids were little, but I love it now that we're empty nesters
▼ + stars: | 2024-04-29 | by ( Beth Harpaz | ) www.businessinsider.com time to read: +4 min

I'd often do the weekly grocery shopping at a 24-hour supermarket on Fridays at midnight after the kids and their father fell asleep. Even though we may have saved money shopping at Costco — and most Costco shoppers have kids — going there felt out of the question in those early days of parenthood. Related storiesSo, as empty nesters, we figured we'd try Costco — and we fell in love. We store some bulk Costco buys at the bottom of our pantry. And I don't regret not going to Costco when our kids were small.

Persons: —, I'd, Costco's, Beth Harpaz, It's, we've Organizations: Service, Business, Costco Locations: New York City

☆ I'm a chef who loves to shop at Costco — but there are 12 things I never buy there
▼ + stars: | 2024-04-05 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: 1 min

Instead of buying mixed salted nuts, I just buy the variety I need. It might be better to buy nuts that have not been roasted if you need them to last. Lizzy BriskinNuts are a fantastic snack and ingredient, but large bags or tubs of nut varieties that have been roasted and salted are a pass for me. And though roasting nuts certainly improves the flavor, it also significantly decreases their shelf life. Your best bet may be to buy Costco's single-variety packs of unroasted nuts and keep them in your freezer for maximum freshness.

Persons: Briskin Organizations: rancid Locations: Brazil

☆ You can now get Ozempic at Costco — but don't expect big savings
▼ + stars: | 2024-04-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Costco is now selling the weight loss drug Ozempic through a partnership with health startup Sesame. Still, that doesn't cover the cost of the GLP-1 drug, which has gained popularity but can be costly. Now, you can get a prescription for the weight loss drug Ozempic through the retailer, too. For $179, members can get a prescription for the GLP-1 weight loss drug plus a meeting with a doctor or specialist. Ozempic, Wegovy, and other GLP-1 drugs have gained popularity among people trying to lose weight over the last few years.

Persons: —, Michael DiLorenzo, DiLorenzo, Sesame, weren't, Michael Botta Organizations: Costco, Service, CNN, Business, Sesame, Novo Nordisk Locations: Denmark

☆ Costco is now selling $625 packs of silver coins as well as $2,000 gold bars — and shoppers are snapping them up
▼ + stars: | 2024-03-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Costco is now selling packs of one-ounce silver coins, priced at $625 for 25 coins. Its CFO said that sales of the coins and Costco's 24-karat gold bars had led its e-commerce growth. AdvertisementIt's not just $2,000 gold bars you can buy from Costco — customers can now snap up $625 packs of silver coins, too, as the retailer expands its precious metals business. On Costco's website, you can snap up a 25-count pack of 2024 Canada Maple Leaf silver coins. Each coin weighs one troy ounce and is made of 99.99% pure silver, Costco says.

Persons: —, It's, Richard Galanti Organizations: Costco, Service, CNN, Business

☆ Stocks making the biggest moves premarket: Carvana, Gap, Eli Lilly, UBS and more
▼ + stars: | 2024-03-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The database software maker posted adjusted earnings of 86 cents per share on revenue of $458 million. Analysts had called for earnings of 47 cents per share and $433 million in revenue, according to LSEG. DocuSign reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million for the period. According to analysts surveyed by LSEG, Wall Street had expected earnings of 64 cents per share on $699 million in revenue. Eli Lilly — Shares slipped 1% premarket after the U.S. Food and Drug Administration delayed approving its Alzheimer's drug, donanemab.

Persons: MongoDB, DocuSign, Deutsche, Li, Morgan Stanley, LSEG, Eli Lilly —, —, Sarah Min, Michelle Fox, Jesse Pound Organizations: RBC, Li Auto, Deutsche Bank, Navy, UBS — U.S, UBS, Marvell Technology, Broadcom, Revenue, Textron —, Bank of America, Textron, New York Community Bancorp, Moody's, U.S . Food, Drug Administration, Costco —, LSEG Locations: Swiss, U.S

☆ Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and more
▼ + stars: | 2024-03-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell Technology — The chip company sank more than 11% on light first-quarter earnings and revenue guidance. Marvell Technology said it anticipated adjusted earnings of 23 cents per share for the first quarter, below the 40 cents expected by analysts polled by LSEG, formerly known as Refinitiv. Samsara posted $276 million in revenue, compared to analysts' expectations for $258 million, per LSEG. DocuSign reported adjusted earnings of 76 cents per share on revenue of $712 million for the period. Analysts polled by LSEG had called for earnings of 64 cents per share on $699 million in revenue.

Persons: Carvana, Eli Lilly —, Goldman Sachs, MongoDB, NYCB, DocuSign, LSEG, Morgan Stanley, Yun Li, Jesse Pound, Pia Singh, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Nvidia —, Nvidia, Marvell Technology, LSEG, RBC Capital Markets, Costco, U.S . Food, Drug Administration, Broadcom, Textron — Textron, Bank of America, Old Navy, New York Community Bancorp, Moody's Investors Service, Amylyx Pharmaceuticals, UBS — U.S, UBS, Auto, Deutsche Bank Locations: U.S, Swiss, China

☆ Hong Kong shoppers are crossing the border into Shenzhen to buy croissants and rotisserie chickens at China's newest Costco
▼ + stars: | 2024-03-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The store's popularity is driven by Hong Kong residents crossing the border to shop in mainland China. Xinhua News AgencyLarge bulk stores are a rarity in Hong Kong due to the city's limited space and expensive culture. AdvertisementHong Kong's economic struggles, however, have created the perfect circumstances for Shenzhen Costco to thrive. Costco has organized several shuttle buses each day that run between the Shenzhen store and Hong Kong, according to a company spokesperson. Costco is also partnering with cross-border delivery companies that pack and ship items purchased by Hong Kong residents.

Persons: — Organizations: Costco, Service, Xinhua, Agency, Hong, Shenzhen Costco, Bloomberg, Tencent Holdings, Pay Locations: Shenzhen, China, Hong Kong, Costco, Guangdong Province, Guangdong Province of China, Taiwan

☆ 5 reasons to own Costco despite premium valuation and near record high stock price
▼ + stars: | 2024-02-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

BMO Capital Markets increased its Costco price target to $770 per share from $700 and kept its buy-equivalent outperform rating on the stock. After last week's release of solid January sales, Costco got a slew of price target raises. COST YTD mountain COST stock price year to date. Costco shares are high in price and also expensive on a valuation basis. Costco stock caught a series of analyst price target increases following last week's strong sales report for the retail month of January.

Persons: Rich Galanti, Gary Millerchip, Galanti, Costco's, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, BMO Capital Markets, BMO, Walmart, Target, Analysts, Gold, UBS, CNBC, Kroger Locations: U.S, Canada, Mexico, North America, United States, South America, China, Shanghai

☆ Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
▼ + stars: | 2024-01-24 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. Buy now, pay later services such as Klarna and Affirm have surged in popularity in recent years as more Americans rely on a new, fintech-enabled form of credit. When Klarna users shop outside the firm's network of 500,000 retailers — at places such as Walmart, Target, Amazon and Costco — they pay $1 to $2 in transaction fees. "The main proposition of Klarna Plus right now is that you don't pay any service fees," Sandstrom said. "So if you love Klarna and if you love shopping at Target and Walmart, it makes a ton of sense financially."

Persons: David Sandstrom, Sandstrom Organizations: Swedish, CNBC, Nike, Instacart, Walmart, Target, Costco Locations: U.S, Stockholm

☆ I've shopped at Costco for nearly a decade. Here are my 10 favorite things to make in the air fryer.
▼ + stars: | 2024-01-22 | by ( Olivia Yi | ) www.businessinsider.com time to read: +7 min

As a food blogger, I love to make various Costco appetizers, sides, and entrées in the air fryer. I've found a myriad of ways to prepare easy and delicious Costco appetizers, sides, and entrées in the air fryer. But with the air fryer, they can be ready in less than 10 minutes with no additional bowls, pots, or pans to clean. I like to use the Giovanni Rana 3 Cheese Ravioli to make a similar version in the air fryer. Heat the spring rolls in the air fryer at 390 degrees Fahrenheit for 10 minutes and flip halfway through.

Persons: fryer, —, I've, O, Kirkland, Giovanni Rana ravioli, Keith Homan, Shutterstock, Giovanni Rana, Olivia Yi Sukhi's, Olivia Yi Organizations: Costco, Products, Service, Costco —, Royal Locations: California, Asia, Royal Asia

☆ How Munger and Buffett's 60-year partnership was so special: 'Charlie and I have never had an argument'
▼ + stars: | 2023-11-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Charlie Munger's unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history. The journey to their unparalleled success was full of learning, experience and laughter, but never an argument. Compared to Buffett's folksy image, Munger often spoke bluntly, sprinkling witty zingers that his followers adored. It's been so much fun," Munger said of his partnership with Buffett. Munger's Costco obsessionOn the rare occasions they disagreed, the two icons dealt with it by wielding laughter.

Persons: Charlie Munger's, Warren Buffett, Munger, Berkshire Hathaway, Charlie, Buffett, We've, it's Organizations: Buffett, Costco Locations: Omaha, Berkshire

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Stocks making the biggest moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.

Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America

☆ Stocks making the biggest moves premarket: Levi Strauss, Costco, ChargePoint, Mattel and more
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. Levi Strauss — The apparel maker advanced 1.3% in premarket trading after TD Cowen initiated coverage of the stock at an outperform rating. Mattel — Shares of the toymaker gained 2.4% in premarket trading Wednesday after Morgan Stanley initiated Mattel with an overweight rating, calling it a top pick.

Persons: Levi Strauss, TD Cowen, Levi's, ChargePoint, XPO, Jonathan Chappell, Joe Biden, Morgan Stanley, Alex Harring, Jesse Pound, Samantha Subin, Pia Singh Organizations: Woodbury, Sirius XM, Liberty Media, Costco, UBS, Evercore ISI, United Auto Workers, Mattel —, Mattel Locations: Central Valley , New York, U.S, Michigan

☆ 31-year-old teacher quit her job. Now she works at Costco—and boosted her income by 50%: 'I've never been happier'
▼ + stars: | 2023-09-20 | by ( Maggie Perkins | ) www.cnbc.com time to read: +4 min

"I'm earning what a teacher with 15 years of experience made at my last school district — and 50% more than what I made when I quit," she says. In 2022, I turned 30, quit my eight-year teaching career, and got a job at Costco. This fall, I couldn't be more excited to celebrate my first anniversary working at Costco — and I've never been happier. I'm earning what a teacher with 15 years of experience made at my last school district — and 50% more than what I made when I quit. Zoom In Icon Arrows pointing outwards My first day of work Photo: Maggie PerkinsThe No.

Persons: Maggie Perkins's, I, I've, Maggie Perkins, —, I'm Organizations: Costco, Costco —, Amazon Locations: —, Athens, Athens , Georgia, Issaquah , Washington

☆ Attention Walmart Shoppers: You may soon be hit with a slew of ads while shopping
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Walmart is expanding its in-store advertising, as first reported by CNBC. One analyst said that we may be at an "inflection point" for in-store advertising opportunities. While Walmart is expanding its third-party advertisements in stores, it has shown ads through digital screens, TVs, and self-checkout registers for years. Retailers, like Walmart, are beginning to look to their physical stores as ways to bring in more advertisement revenue. Though in-store advertising "remains a nascent market segment," shoppers should be "thought of as 'eyeballs' for brands to reach," the report said.

Persons: there's, Andrew Lipsman, Lipsman Organizations: Walmart, CNBC, Service, Target, Kroger, Intelligence, CNBC . Retailers, Insider Intelligence Walmart, Walmart Radio, Walgreens, Costco Locations: Wall, Silicon

☆ Stocks making the biggest premarket moves: Levi Strauss, Biogen, Alibaba and more
▼ + stars: | 2023-07-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Check out the companies making the biggest moves before the bell:Levi Strauss — The apparel retailer fell 7.7% after slashing its profit outlook for the year postmarket Thursday. Levi now expects adjusted earnings per share of $1.10 to $1.20 for the year, down from $1.30 to $1.40 previously. Alibaba — U.S. listed shares of the Chinese ecommerce retailer gained about 3% before the opening bell. First Solar - Shares added 1.7% after the solar company secured a five-year revolving credit and guarantee facility worth $1 billion.

Persons: Levi Strauss, Levi, Alibaba, Ant, Wanxiang, JPMorgan Chase, Tesla, Twitter, —, Jesse Pound, Sarah Min Organizations: Woodbury, and Drug Administration, Medicare, Reuters, Ant Group, JPMorgan, Bloom, Bloom Energy, RBC Capital Markets, Costco —, Costco, Meta Locations: Central Valley , New York, U.S, Alibaba —, China, Shanghai

☆ See the 12 major retailers most likely to take a hit when people start repaying their student loans
▼ + stars: | 2023-06-27 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

The investment banking firm found that more than a third of student debt holders' discretionary dollars go to the three retail giants. "The impending resumption of student loan payments could be a headwind to consumer spending ahead," the note said. Consumers with student debt spend around 18.58% of their discretionary spending at Amazon alone, according to consumer data company Numerator. Interest on student loan debt will start to accrue again in September, after a long pause that started at early in the pandemic. Meanwhile, the US Supreme Court is expected to rule this week on President Joe Biden's plan to cancel up to $20,000 in student debt.

Persons: —, Jefferies, Ross, Joe Biden's Organizations: Jefferies, Walmart, Target, Service, Amazon, Costco, UBS

☆ Jim Cramer says the Fed needs to slow down before making a rash decision
▼ + stars: | 2023-05-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors on Wednesday that the Federal Reserve needs to calm down before it makes a rash decision about rate hikes that could make the market even worse. With two weeks to go before its next meeting, Cramer stressed the need for prudence, not recklessness, in times of market confusion. "There are plenty of Fed heads who believe they need to keep raising interest rates, rather than take their time to assess the situation," Cramer said. Maybe the Fed needs to tighten more, but would it kill them to wait another month or two?" Cramer stressed that many industry giants are sending out warning signs that the central bank should not ignore, especially brick-and-mortar retailers, which are seeing "discouraging earnings and almost uniformly tepid forecasts."

Persons: CNBC's Jim Cramer, Cramer, —, I'm, Patrick Harker Organizations: Federal Reserve, American Airlines, Philly Fed, Costco, Meta

☆ Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more
▼ + stars: | 2023-05-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Gap — Shares surged 15% in the postmarket following the retailer's earnings report, which showed a major improvement in margins. Revenue was a hair below expectations, coming in at $3.28 billion, while analysts polled by Refinitiv anticipated $3.29 billion. Marvell Technology — Shares jumped 14% in post-bell trading after the semiconductor producer beat analysts' expectations for its first quarter. RH — Luxury retailer RH slipped 3% after hours as weak guidance for the current quarter pulled attention from strong first-quarter earnings. Still, RH beat expectations on revenue in the first quarter, posting $739 million compared with analysts' forecast of $727 million.

Persons: Refinitiv, Ulta, Zane Rowe, Marvell, Darla Mercado Organizations: Revenue, Costco, Refinitiv, VMware, Marvell Technology —, —

☆ Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
▼ + stars: | 2023-04-06 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Costco — The wholesale retailer's shares dropped 2% after the company announced sales dipped 1.1% year over year in March. Bed Bath & Beyond — The stock tumbled 7% after the retailer proposed a stock split as it attempts to avoid bankruptcy. Analysts covering the stock welcomed the news, with Raymond James upgrading shares to outperform from market perform Thursday morning. Leslie's , Pool — Shares of pool company Leslie's popped 5.4%, while Pool gained 1%, after both names were upgraded by Loop Capital to buy from hold. Craig-Hallum downgraded the stock to hold from buy and Rosenblatt pulled its rating to neutral from buy following the guidance cut.

☆ Meet the typical Dollar General customer: An older rural worker with a high school education and an income of less than $40,000
▼ + stars: | 2023-03-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Dollar General has 19,147 stores across the US and Mexico and employs more than 163,000 people. Dollar General's average customer is older, has a high-school diploma, and earns less than $40,000 per year. The first Dollar General store opened in 1955 in Springfield, Kentucky. Dollar General, now based in Tennessee, has 19,147 stores across the US and Mexico, mostly concentrated in the Sunbelt and Midwest. Numerator found that Dollar General's typical shopper is an older worker with a high-school education who lives in a two-person household in a rural area and earns less than $40,000 per year.

☆ Walgreens' mixed messaging on abortion pills landed it in the political crossfire, and its clarifications may not be enough to avoid a boycott
▼ + stars: | 2023-03-07 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +4 min

Walgreens says it will sell abortion ills in states where it is "legally permissible to do so." She said Walgreens "does not intend" to sell Mifepristone at any of its locations in the state. The move sparked a backlash from abortion rights supporters, specifically in states where abortion is still legal, with California Gov. By Monday, Walgreens had put out a new statement that assured customers it would sell Mifepristone at locations in states where it was legal. Walgreens did not respond to questions asking in which states it would sell Mifepristone.

☆ Bernie Sanders says teachers should be paid at least $60,000 — and thinks that money should come from higher taxes on the wealthy
▼ + stars: | 2023-02-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

Bernie Sanders wants teachers to make a minimum of $60,000, and to pay for it with taxes on wealthy estates. Sanders' proposal to address that is higher pay, offset with changes to the estate tax. But one of the primary reasons is the pathetically low pay teachers receive. Sanders' plan to pay for higher teacher salaries hinges on the estate tax, which he wants to make both broader and higher. But Sanders thinks it's necessary to deal with the state of teacher pay, noting that childcare workers fare even worse, making less than doggy daycare workers.

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