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  • Costco may hike its membership fees — here's how much more you'd pay
    Finance
    Business Insider17 hours ago

    Costco may hike its membership fees — here's how much more you'd pay

    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.

  • 'I got my head handed to me:' Warren Buffett sounds an alarm on Walmart and the entire retail industry
    Business
    Business Insider16 hours ago

    'I got my head handed to me:' Warren Buffett sounds an alarm on Walmart and the entire retail industry

    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.

  • New Uber Software Head Departs as Past Harassment Claim Surfaces
    Business
    Bloomberg13 hours ago

    New Uber Software Head Departs as Past Harassment Claim Surfaces

    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. Singhal denied the allegation on Monday. “Harassment is unacceptable in any setting,” he said in an e-mailed statement. “I certainly want everyone to know