Costco is expected to raise its membership fees by nearly 10% in the next couple of months. The warehouse chain's fees will most likely increase by $5, to $60, for its basic membership and by $10, to $120, for its executive membership, according to UBS analyst Michael Lasser. The fee hike could be announced Thursday along with the company's second-quarter earnings report, though it is more likely to come in the third quarter, Lasser wrote in a research note published Monday.
Uber Technologies Inc. executive Amit Singhal resigned after the ride-hailing company learned of a sexual harassment allegation from his previous job at Google. Singhal stepped down just a month after joining Uber as senior vice president of engineering, where he oversaw software development, the company said. After he started on Jan. 20, Uber became aware of an investigation at Google into a sexual harassment allegation that Singhal didn’t disclose and that wasn’t discovered during the hiring process, said people familiar with the matter.
Warren Buffett just fired a warning signal for the entire retail industry, and especially for Walmart. In an interview with CNBC's Becky Quick on Monday, Buffett called retailing "too tough" and warned against investing in the industry. "That is a tough, tough, tough competitive force," Buffett said, referring to Amazon.