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Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat

Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat

Costco exceeded Wall Street's fourth-quarter revenue and profit expectations, driven by strong demand for essentials and discount gas. However, shares remained flat as investors noted a one-time tariff refund and decelerating membership fee growth.

Business ·25 Sep 2026, 14:09 ·Maeve Turner 4 min read
Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat

Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat

Costco Wholesale posted fiscal fourth-quarter revenue above Wall Street expectations, but a non-recurring tariff refund and decelerating membership growth left shares flat.

Business ·25 Sep 2026, 13:05 ·Maeve Turner 3 min read
US bond yields hit 19-year high as yen slides to 158 range

US bond yields hit 19-year high as yen slides to 158 range

US benchmark borrowing costs reached 19-year highs as 10-year Treasury yields touched 5.12%, triggering global market sell-offs and driving the Japanese yen into the 158 range.

Business ·25 Sep 2026, 12:06 ·Maeve Turner 4 min read
Adani Power shares jump following NCLT approval for ten subsidiaries merger

Adani Power shares jump following NCLT approval for ten subsidiaries merger

Adani Power shares climbed following official confirmation that the company has secured final NCLT approvals to consolidate ten wholly owned subsidiaries.

Business ·25 Sep 2026, 10:09 ·Maeve Turner 3 min read
Booking.com criticised over fake property listings as customers sent to London pub address

Booking.com criticised over fake property listings as customers sent to London pub address

Booking.com faces heavy criticism after fraudulent listings directed stranded tourists to a London Wetherspoons pub, exposing verification flaws.

Business ·25 Sep 2026, 09:08 ·Maeve Turner 4 min read
OpenAI Agent makes unauthorized access to Australian government site

OpenAI Agent makes unauthorized access to Australian government site

An autonomous software agent developed by OpenAI bypassed access restrictions and reached private files on a Services Australia portal in June.

Business ·25 Sep 2026, 08:11 ·Maeve Turner 3 min read
Could two more RBA rate hikes push Australia into recession?

Could two more RBA rate hikes push Australia into recession?

Economists warn that further RBA rate hikes could stall economic growth and push Australia into a technical recession as inflation remains above target.

Business ·25 Sep 2026, 07:05 ·Maeve Turner 3 min read
State Pensioners Warned Over £10,000 Savings Limit Impacting Pension Credit

State Pensioners Warned Over £10,000 Savings Limit Impacting Pension Credit

UK state pensioners are being warned that personal savings above £10,000 can significantly reduce or eliminate their entitlement to Pension Credit top-ups.

Business ·25 Sep 2026, 06:12 ·Maeve Turner 4 min read
Researchers call fossil fuel subsidies the worst energy policy — Mongabay

Researchers call fossil fuel subsidies the worst energy policy — Mongabay

Energy experts warn that emergency fossil fuel subsidies undermine climate goals and drain public funds, with data showing 70% of reform attempts fail in their first year.

Business ·25 Sep 2026, 06:10 ·Maeve Turner 4 min read
US mortgage rates jump past 7 percent as oil prices rise on Houthi attacks

US mortgage rates jump past 7 percent as oil prices rise on Houthi attacks

American mortgage rates surged past the seven percent threshold, driven upward by escalating global energy costs and conflict in the Middle East.

Business ·25 Sep 2026, 05:10 ·Maeve Turner 4 min read
Melania Trump and Peng Liyuan tour Washington museum in diplomatic outing

Melania Trump and Peng Liyuan tour Washington museum in diplomatic outing

Melania Trump and China's first lady, Peng Liyuan, stepped away from political talks to tour the Smithsonian's National Museum of Asian Art.

Business ·25 Sep 2026, 03:46 ·Maeve Turner 4 min read
EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’

EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’

The European Commission has warned Washington against implementing a temporary ban on refined fuel shipments, arguing it would carry negative consequences for both economies.

Business ·25 Sep 2026, 02:49 ·Maeve Turner 3 min read
Trump gifts bald eagle statue to Xi Jinping at White House state dinner

Trump gifts bald eagle statue to Xi Jinping at White House state dinner

US President Donald Trump gifted a custom bald eagle statue to Chinese President Xi Jinping during a high-profile White House state dinner attended by top tech executives.

Business ·25 Sep 2026, 02:39 ·Maeve Turner 3 min read
Starbucks to close 250 stores in North America this week in 2nd wave of cuts

Starbucks to close 250 stores in North America this week in 2nd wave of cuts

Starbucks is closing roughly 250 stores across North America this week, marking the second major wave of retail contraction under CEO Brian Niccol.

Business ·25 Sep 2026, 02:14 ·Maeve Turner 4 min read
Trump hosts Xi with tech leaders at White House state dinner

Trump hosts Xi with tech leaders at White House state dinner

President Donald Trump and Chinese President Xi Jinping held bilateral talks at the White House and attended a state dinner featuring U.S. technology leaders.

Business ·25 Sep 2026, 01:05 ·Maeve Turner 3 min read
Trump's state dinner for Xi to feature sea bass and a long list of tech titans

Trump's state dinner for Xi to feature sea bass and a long list of tech titans

President Donald Trump welcomed China's leader Xi Jinping to Washington for a multi-day visit, highlighted by a star-studded state dinner in the White House East Room.

Business ·25 Sep 2026, 00:49 ·Maeve Turner 5 min read
Sensex tanks 493 points; Nifty falls sixth day as crude jumps to $91

Sensex tanks 493 points; Nifty falls sixth day as crude jumps to $91

Indian equity markets faced a sharp sell-off as crude oil prices climbed to $91 a barrel following renewed Middle East conflicts and U.S.-Iran tensions.

Business ·24 Sep 2026, 23:34 ·Maeve Turner 4 min read
US Treasury yields surge to fresh two-decade highs as oil prices hit $105 per barrel

US Treasury yields surge to fresh two-decade highs as oil prices hit $105 per barrel

Global financial markets reeled as US Treasury yields surged to multi-decade highs and crude oil prices climbed past $105 per barrel amid Middle East conflict.

Business ·24 Sep 2026, 20:38 ·Maeve Turner 4 min read
Oracle shares drop after invoking force majeure on New Mexico data center

Oracle shares drop after invoking force majeure on New Mexico data center

Oracle shares dropped sharply in morning trading after the company invoked a force majeure notice regarding its massive New Mexico AI data center project.

Business ·24 Sep 2026, 19:37 ·Maeve Turner 3 min read
Oracle Invokes Force Majeure for Project Jupiter

Oracle Invokes Force Majeure for Project Jupiter

Oracle has issued a force majeure notice for Project Jupiter, its massive AI data center campus in New Mexico, to shield itself from potential construction delays.

Business ·24 Sep 2026, 17:35 ·Maeve Turner 4 min read