Costco Wholesale Corporation (NASDAQ: COST) has reported strong financial results for Q4 2024, driven by double-digit growth in gold bullion and jewelry sales. Gold bullion has become a key contributor to Costco's e-commerce growth, with sales helping to boost comparable e-commerce sales by 18.9%. The company also reported a 9% year-over-year increase in net income, alongside a 40-basis-point improvement in gross margins. Additionally, Costco raised its membership fees in September 2024 and continued its global expansion with 14 new store openings, further strengthening its market position.
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Timeless: Gold & Silver Are A Pair of Aces for a Winning Hand!
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Here’s Confirmation That the Gold Price Will Continue To Rise
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Gold Rises in August Amid Rate Cut Speculation and Election Concerns
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4 Myths Regarding the Supposed U.S. Debt Ceiling Crisis
The debate in Washington over when and how to increase the debt limit is less than 100% accurate. Here are some myths about the debt ceiling and the debate about raising it.
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What the Rising Dollar Price of Gold Really Means
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Gold Rises in August Amid Rate Cut Speculation and Election Concerns
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Five-Year Performance Review of Gold and Gold-Related ETFs Amid Market Volatility
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Can Stock Buybacks Boost Investor Returns?
Microsoft's (NASDAQ: MSFT) recent $60 billion stock buyback and dividend increase come as part of a broader trend among tech giants like Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL), and Meta (NASDAQ: META), all using repurchases to enhance shareholder value. Buybacks can increase earnings per share and provide tax-efficient returns, but only if executed well. However, if poorly timed or mismanaged, they can hurt long-term growth. With the recent 1% excise tax on buybacks under the Inflation Reduction Act, companies face new costs, prompting investors to evaluate these programs carefully.
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Timeless: Gold & Silver Are A Pair of Aces for a Winning Hand!
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$10,000 Gold May Be Too Conservative A Target
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Take A Look: We’ve Got the AI Sector Covered!
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Investors Eye a Soft Landing After Fed’s Big Rate Cut, But Caution Remains
The Federal Reserve's recent 50-basis point rate cut has bolstered optimism for a "soft landing," pushing the Dow, S&P 500, and NASDAQ to new highs. While the move has alleviated uncertainty, investors remain wary of potential economic risks, including a slowing labor market and lingering inflation concerns. Despite the positive market reaction, some experts warn that market volatility could resurface if inflation picks up or the labor market weakens further. With the Fed expected to announce more rate cuts later this year, all eyes are on the November meeting for clues on future economic policy.
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The Waning North American Dream
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What Is A Universal Basic Income? Why Is It Flawed?
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Donald Trump’s Cryptocurrency Strategy and Its Impact on Gold & Silver Investing
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Founding Fathers’ Financial Advice Stand the Test of Time
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Funny munKNEE: What the World’s Central Bankers Are Really Up To
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Silver Has A Lot More Room To Run!
Silver is undervalued as reflected by the current gold-silver ratio which sits at 86:1. The 20-year average is 68:1. Even though silver has outperformed gold year to date, by 28% to 23%, it still has a lot more room to run.
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Big Tech’s Strategic Investments in Artificial Intelligence
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New AI Category: High Band Memory Chip Manufacturers
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AI Personal Computer Market Set To Explode In 2024
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These 9 Companies Are Heavily Involved in Quantum Computing R&D
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Cloud Computing: What Is It? Which Are the Major Companies?
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These Companies Have – Or Will Be – Launching AI Smartphones in 2024