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.
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.
Retirement, contrary to popular opinion, is not the time in which your satisfaction with life declines and your health deteriorates. Instead, it’s the exact opposite: Retirement is likely to improve your overall happiness and health, according to a working paper from the National Bureau of Economic Research. And that improvement happens immediately, according to the authors of the paper, Aspen Gorry and Devon Gorry, both professors at Utah State University, and Sita Slavov, a professor at George Mason University. Read: Does Retirement Improve Health and Life Satisfaction? But is it so obvious that retiring is better than working, and that you start to feel happier and healthier as soon as you