DIRS.INFO The most relevant business & tech news

☆ It's not just the Costco $1.50 hot dog combo—4 products that have beaten inflation
▼ + stars: | 2023-06-02 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Customers wait in line to order below signage for the Costco Kirkland Signature $1.50 hot dog and soda combo in Hawthorne, California. Hot Wheels' $1 toy carHot Wheels toy cars have been able to hover around $1 since their inception. In fact, when you account for inflation, it's cheaper to buy a new Hot Wheels car today than it was 55 years ago. Today, you can buy a single Hot Wheels car from Target for just $1.29. Costco's $1.50 hot dog and soda comboNot many companies pledge to never raise the price of an item, which is part of why the famous Costco $1.50 hot dog and soda combo gets so many headlines — especially when inflation is running rampant.

Persons: Don Vultaggio, Jim Sinegal, Craig Jelinek, Jelinek's, Jelinek Organizations: Costco, CNBC, Hershey, Walmart Locations: Hawthorne , California, AriZona, Target

☆ Meta slapped with record $1.3 billion EU data privacy fine over transfer of Facebook data to US
▼ + stars: | 2023-05-22 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

The European Data Protection Board announced the fine in a statement Monday, saying it followed an inquiry into Facebook (FB) by the Irish Data Protection Commission, the chief regulator overseeing Meta’s operations in Europe. The fine is the largest ever levied under Europe’s signature data privacy law, known as the General Data Protection Regulation, or GDPR. Meta has also been ordered to cease the processing of personal data of European users in the United States within six months. Meta’s infringement is “very serious since it concerns transfers that are systematic, repetitive and continuous,” said Andrea Jelinek, chair of the European Data Protection Board. EU and US policymakers were on a “clear path” to resolving this conflict under a new transatlantic Data Privacy Framework.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
▼ + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone
▼ + stars: | 2023-03-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Erin Hooley | Tribune News Service | Getty ImagesSenate Democrats called on Walmart , Costco , Albertsons and Kroger to sell the prescription abortion pill mifepristone and clearly let customers know how to get it at their pharmacies. The companies have not publicly stated yet whether they plan to sell mifepristone at their pharmacies. The 17 senators told Walmart CEO Doug McMillon, Costco CEO Craig Jelinek, Albertsons CEO Vivek Sankaran and Kroger CEO Rodney McMullen that they are frustrated the companies have not yet publicly indicated whether they will sell mifepristone. Major retailers in the U.S. have been thrust in the middle of the nation's deep divisions over abortion as they weigh whether to sell mifepristone. Walgreens has come under fire after it told the GOP attorneys general that it would not sell mifepristone in their states.

☆ Costco says the time to raise membership prices is 'about now,' but it won't just yet: 'We'll let you know'
▼ + stars: | 2023-03-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

For now, Costco is not raising the fee for members of its warehouse club, CFO Richard Galanti said Thursday. The company last increased its fee in 2017 from $55 to $60 for a basic one-year membership. The Issaquah, Washington, mega-retailer told investors Thursday that, for the time being, it would not raise the annual fee for its Gold Star membership from $60. Over 30 million households have Costco's $120 Executive Membership, and Galanti said Executive members represent nearly three-quarters of the company's total sales. He pointed to Costco's popular $4.99 rotisserie chicken as one way the company aims to reward members and drive sales.

☆ EU privacy body raises concerns about possible U.S. data transfer pact
▼ + stars: | 2023-02-28 | by ( Foo Yun Chee | ) www.reuters.com time to read: +3 min

BRUSSELS, Feb 28 (Reuters) - The European Union data protection watchdog on Tuesday expressed concerns about a European Commission draft decision that could pave the way for a new data transfer pact with the United States, saying more should be done to protect Europeans' privacy rights. The European Data Protection Board's (EDPB) non-binding opinion comes after the Commission issued a draft decision in December saying U.S. safeguards against American intelligence activities were strong enough to address EU data privacy concerns. The Commission subsequently published a draft adequacy decision to which the EDPB, EU countries and EU lawmakers will have to review and offer non-binding opinions. A final adequacy decision is expected by the summer. Set up under landmark privacy rules known as the General Data Protection Regulation (GDPR), the EDPB is made up of representatives of national data protection authorities in the 27 EU countries and the European Data Protection Supervisor (EDPS) to ensure the consistent application of GDPR rules.

☆ Retail CEO crisis: With recent shakeups at Kohl's, Adidas, Dollar General, and more, the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-02-11 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

It's the surest sign yet of a crisis facing the retail industry. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.

☆ Retail CEO crisis: why the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-01-23 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

☆ The life and career of Costco CEO Craig Jelinek, who's worked at the retail giant since the '80s – and eats its famous $1.50 hot dog plain
▼ + stars: | 2023-01-16 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

Jelinek told the Seattle Times that while he was holding down a part-time job with FedMart, his dad said something that ended up encouraging him to stick with retail. People will always have to eat,'" Jelinek told the paper. You always know there's going to be work." Costco CEO Craig Jelinek in 2019. Nati Harnik/APSource: Mass Market Retailers via Lexis Nexis

☆ Survey shows a Costco membership fee hike would face little resistance — we think so, too
▼ + stars: | 2022-12-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). As a result of the survey findings, Evercore favors Costco for a planned fee increase and the potential for a special dividend sometime next year. Costco's last membership price hike was in June 2017, when the wholesale retailer increased its standard membership fee from $55 to $60 and its Executive membership from $110 to $120. Historically, Costco has increased its membership fee every five years, an anniversary that passed a few months ago. Another potential catalyst for Costco stock is the company's likely decision to issue a special dividend, which Evercore thinks could happen in 2023.

☆ The consumer is not dead, but they are more cautious, says Jim Cramer
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer is not dead, but they are more cautious, says Jim Cramer'Mad Money' host Jim Cramer and the 'Squawk on the Street' team react to recent comments from Costco CEO Craig Jelinek about the health of the U.S. consumer amid the busy holiday shopping season.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Costco CEO: Kirkland Signature brand is one of our real strengths in the company
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCostco CEO: Kirkland Signature brand is one of our real strengths in the companyCostco CEO Craig Jelinek joins CNBC's 'Squawk on the Street' to discuss the hot things in Costco for Christmas and more.

☆ Watch CNBC's full interview with Costco CEO Craig Jelinek
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Costco CEO Craig JelinekCostco CEO Craig Jelinek joins CNBC's 'Squawk on the Street' to discuss the hot things in Costco for Christmas and more. "Overall, it's probably not one of the most exciting Christmases I have ever dealt with," Jelinek tells CNBC.

☆ Here are the 10 stocks we consider our core holdings in the Club portfolio — and why
▼ + stars: | 2022-11-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +12 min

At the Investing Club, we generally try to keep our portfolio to around 30 stocks, give or take a few. In light of Thursday's "Monthly Meeting," we wanted to identify what we consider our 10 core holdings of the 32. We may consider a stock a core holding today but that could change three months from now. Management sees its post-separation core business growing revenues at a high single-digit clip and earnings-per-share increasing in the double digits. The stock provides a stellar dividend yield of nearly 3.5%, and the bank has plenty of excess capital to repurchase stock quarter after quarter, while other banks have paused their buybacks.

☆ Sam's Club just lowered the price on its hot dog and soda combo and undercut Costco
▼ + stars: | 2022-11-15 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +2 min

Sam's Club just reduced the price of its hot dog and soda combo to $1.38. Sam's Club recently raised membership prices, but still remains less expensive than Costco. Sam's Club's hot dog is famously in competition with Costco's version of the deal, still priced at $1.50. The chicken bake increased by $1, and the soda cost increased by 10 cents, although it did not impact the price of the hot dog and soda combo. The updated hot dog and soda price is already displayed online on Sam's Club's website.

☆ Inflation has yet to peak, CFOs say, and recession is already here or soon to hit
▼ + stars: | 2022-09-29 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

The CNBC CFO Council survey is a sample of the current outlook among top financial officers. More than a quarter of the CFOs say inflation is the biggest external risk factor facing their businesses. With persistent inflation, CFOs have shifted their view regarding the timing of a recession as a result of the Fed's rate hikes. Nineteen percent of CFOs now say they expect a recession in the fourth quarter of this year, up from 13% in Q2. The CNBC survey finds companies still in hiring mode, with 57% of CFOs saying they expect to add to headcount in the next year.

☆ 'Lightning just struck me': Why Costco's CFO says the price of the $1.50 hot-dog-and-soda combo is 'forever'
▼ + stars: | 2022-09-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Costco's chief financial officer has suggested that the wholesaler will keep its famous hot-dog-and-soda combo at $1.50 "forever". During the company's fourth-quarter earnings call last week, CFO Richard Galanti was asked whether the retailer would look at increasing the price of its all-beef frank as it looks to deal with tightening margins. Other Costco food court items have increased in price recently, including the popular chicken bake which went up from $2.99 to $3.99 in July. The price of a 20-ounce soda also rose from 59 cents to 69 cents over the summer. Galanti's comments echoed the words of Costco CEO Craig Jelinek, who in July was asked by CNBC's "Squawk on the Street" if he thought the company would raise the price of its signature food court item.

☆ What to expect when Costco reports earnings after the closing bell Thursday
▼ + stars: | 2022-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Club holding Costco (COST) is set to report a surge in fiscal fourth-quarter earnings after the closing bell on Thursday, despite a barrage of macroeconomic headwinds. This strategy has already proved Costco can deliver on earnings, which is why we're expecting solid results in its fiscal Q4. In its fiscal third quarter earnings , released May 26, Costco's total revenue increased 16% year-over-year, to $52.6 billion. Costco ended its third quarter with 116.6 million total cardholders, an increase from 114.8 million total cardholders the prior quarter. Bottom line Unlike most public companies, Costco announces sales figures every month, in addition to its regularly scheduled quarterly reports.

☆ Costco's quarterly results indicate the retailer is thriving despite high inflation
▼ + stars: | 2022-09-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Margins Merchandise gross margins on a reported basis were 10.18% and down 74 basis points from last year, but excluding the impact of gas inflation it would have been lower by only 20 basis points. Core merchandise margins fell 67 basis points on a reported basis and were down 23 basis points ex gas inflation. Ancillary and other businesses' margins increased 20 basis points on a reported basis and 34 basis points excluding gas inflation. Elsewhere, "2% reward" reported margins were flat on a reported basis and fell 5 basis points ex gas inflation. LIFO — last in, first out — margins fell 27 basis points on a reported basis and 29 basis points excluding gas.

☆ Here’s why understanding de-risking is key as the Fed readies another rate hike and earnings loom
▼ + stars: | 2022-09-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Put another way, this hike has been de-risked but additional aggressive rate increases in the near term likely have not. The market wants to understand at what terminal rate the Fed will hold. If the Fed goes with a 75-basis-point hike Wednesday, that would bring the target range for the central bank's key fed funds rate to 3%-3.25%. On that note, current estimates for S & P 500 earnings are roughly $222 in 2022 and $240 for 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 3 takeaways from Friday's meeting, including how defensive plays are wins in this two-sided market
▼ + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There is a bifurcation in the market Quick hit: AMZN, PG, DHR, AAPL Club events to watch for next week 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ 3 takeaways from Wednesday's meeting: Stay diversified, watch these stocks, why we made a trim
▼ + stars: | 2022-09-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Keep portfolios diversified and steady Quick mentions: SBUX, COST, JNJ Trimmed HUM ahead of investor event 1. (Jim Cramer's Charitable Trust is long COST, HUM, JNJ and HUM. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Search resuls for: "" Jelinek"

25 mentions found