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Costco ( COST -0.68% ) reported better-than-expected earnings on Thursday, fueled by solid revenue growth, strong e-commerce performance, and increased membership fees. The results extend a strong year for the retailer, whose shares have climbed nearly 50% in 2023, compared to the S&P 500's 27% gain. The stock closed at $988.39. The company beat Wall Street’s expectations. The retailer reported revenue of $62.15 billion, about $4.04 earnings per share. Analysts had forecast revenue of $61.98 billion, approximately $3.79 earnings per share. Membership fees also saw an increase, reaching $1.17 billion, up from $1.08 billion the previous year. Earlier this year, Costco announced a “ Netflix-Style ” crackdown on its membership and said it would raise the price of its Gold Star membership to $65 – a $5 bump that marked the first price hike since 2017. To offset the increase for new members, the company offered a special promotion in November for a one-year Gold Star Membership that came with a $45 Costco Shop Card. Executives said during the company’s earnings call on Dec. 12 that online sales were primarily driven by shoppers buying items like furniture, sporting goods, and hardware in bulk . E-commerce sales rose 13% when compared to the previous year, fueled in part by partnerships with Uber ( UBER +0.95% ) and Instacart. These partnerships have allowed customers to quickly purchase items – such as a blender – at a lower cost and have them delivered faster. Earlier this month, Costco recalled its store-branded Kirkland Signature organic eggs due to a potential salmonella contamination. The bacteria can cause serious infections, including stomach cramps and diarrhea, according to the U.S. Food and Drug Administration (FDA). Additionally, the company reported a 15% decline in e-commerce sales the month prior, which it said was due to holiday shopping being delayed by a week compared to typical patterns. During that time, Costco pulled nearly 80,000 pounds of its store-branded butter after it was found to be missing a crucial allergy warning. 📬 Sign up for the Daily Brief Our free, fast, and fun briefing on the global economy, delivered every weekday morning.Green Courte Partners Acquires Active-Adult Community Located in Atlanta, Georgia, MSA
Female Aide Sent Trump 'Unnerving' Letters Declaring Her Intense Desire to Bring Him 'Joy': 'You Are All That Matters to Me'Commission approves Minnesota’s first carbon-capture pipeline. Its future hinges on the DakotasJoe Biden begins final White House holiday season with turkey pardons for 'Peach' and 'Blossom' WASHINGTON (AP) — President Joe Biden has kicked off his final holiday season at the White House, issuing the traditional reprieve to two turkeys who will bypass the Thanksgiving table to live out their days in Minnesota. The president welcomed 2,500 guests under sunny skies as he cracked jokes about the fates of “Peach” and “Blossom.” He also sounded wistful tones about the last weeks of his presidency. Later Monday, first lady Jill Biden will receive delivery of the official White House Christmas tree. And the Bidens will travel to New York to help serve a holiday meal at a Coast Guard station. Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006. Bah, humbug! Vandal smashes Ebenezer Scrooge's tombstone used in 'A Christmas Carol' movie LONDON (AP) — If life imitates art, a vandal in the English countryside may be haunted by The Ghost of Christmas Yet to Come. Police in the town of Shrewsbury are investigating how a tombstone at the fictional grave of Ebenezer Scrooge was destroyed. The movie prop used in the 1984 adaption of Charles Dickens' “A Christmas Carol” had become a tourist attraction. The film starred George C. Scott as the cold-hearted curmudgeon who is visited by three ghosts on Christmas Eve who show him what will become of his life if he doesn’t become a better person. West Mercia Police say the stone was vandalized in the past week. At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism. Doesn't it makes sense, they said, for hosts of a political news show to meet with such an important figure? But given how “Morning Joe” has attacked Trump, its viewers felt insulted. Many reacted quickly by staying away. It all reflects the broader trend of opinion crowding out traditional journalist in today's marketplace, and the expectations that creates among consumers. By mid-week, the show's audience was less than two-thirds what it has typically been this year. Pop star Ed Sheeran apologizes to Man United boss Ruben Amorim for crashing interview MANCHESTER, England (AP) — British pop star Ed Sheeran has apologized to Ruben Amorim after inadvertently interrupting the new Manchester United head coach during a live television interview. Amorim was talking on Sky Sports after United’s 1-1 draw with Ipswich on Sunday when Sheeran walked up to embrace analyst Jamie Redknapp. The interview was paused before Redknapp told the pop star to “come and say hello in a minute.” Sheeran is a lifelong Ipswich fan and holds a minority stake in the club. He was pictured celebrating after Omari Hutchinson’s equalizing goal in the game at Portman Road. A desert oasis outside of Dubai draws a new caravan: A family of rodents from Argentina AL QUDRA LAKES, United Arab Emirates (AP) — A desert oasis hidden away in the dunes in the far reaches of skyscraper-studded Dubai has drawn a surprising new set of weary world travelers: a pack of Argentinian rodents. A number of Patagonian mara, a rabbit-like mammal with long legs, big ears and a body like a hoofed animal, now roam the grounds of Al Qudra Lakes, typically home to gazelle and other desert creatures of the United Arab Emirates. How they got there remains a mystery in the UAE, a country where exotic animals have ended up in the private homes and farms of the wealthy. But the pack appears to be thriving there and likely have survived several years already in a network of warrens among the dunes. New Zealanders save more than 30 stranded whales by lifting them on sheets WELLINGTON, New Zealand (AP) — More than 30 pilot whales that stranded themselves on a beach in New Zealand have been safely returned to the ocean after conservation workers and residents helped to refloat them by lifting them on sheets. New Zealand’s conservation agency said four whales died. New Zealand is a whale stranding hotspot and pilot whales are especially prolific stranders. The agency praised as “incredible” the efforts made by hundreds of people to help save the foundering pod. A Māori cultural ceremony for the three adult whales and one calf that died in the stranding took place Monday. Rainbow-clad revelers hit Copacabana beach for Rio de Janeiro’s pride parade RIO DE JANEIRO (AP) — Thousands of revelers have gathered alongside Copacabana beach for Rio de Janeiro’s annual gay pride parade, many scantily dressed and covered in glitter. Rainbow-colored flags, towels and fans abounded among the crowd mostly made up of young revelers, who danced and sang along to music blaring from speakers. While the atmosphere was festive, some spoke of the threat of violence LGBTQ+ people face in Brazil. At least 230 LGBTQ+ Brazilians were victims of violent deaths in 2023, according to the umbrella watchdog group Observatory of LGBTQ+ deaths and violence in Brazil. Stolen shoe mystery solved at Japanese kindergarten when security camera catches weasel in the act TOKYO (AP) — Police thought a shoe thief was on the loose at a kindergarten in southwestern Japan, until a security camera caught the furry culprit in action. A weasel with a tiny shoe in its mouth was spotted on the video footage after police installed three cameras in the school in the prefecture of Fukuoka. “It’s great it turned out not to be a human being,” said Deputy Police Chief Hiroaki Inada. Teachers and parents had feared it could be a disturbed person with a shoe fetish. Japanese customarily take their shoes off before entering homes. The vanished shoes were all slip-ons the children wore indoors, stored in cubbyholes near the door. Social media sites call for Australia to delay its ban on children younger than 16 MELBOURNE, Australia (AP) — An advocate for major social media platforms has told Australia's Parliament that a plan to ban children younger than 16 from the sites should be delayed rather than being rushed to approval this week. Sunita Bose is managing director of Digital Industry Group Inc. which is an advocate for the digital industry in Australia including X, Instagram, Facebook and TikTok. She was answering questions on Monday at a single-day Senate committee hearing into world-first legislation that was introduced into the Parliament last week. Bose said the Parliament should wait until the government-commissioned evaluation of age assurance technologies is completed next year.
Prominent figure from Canada's trucker protests against COVID-19 restrictions found guiltyMusk’s Slashing of the Federal Budget Faces Big HurdlesPrime Minister meets Egyptian counterpartSenate body to review issues of Qasr-e-Naz in Karachi Meeting of standing committee would also be held on January 3, agenda of which has been issued ISLAMABAD: The Senate Standing Committee on Housing and Works has decided to visit Karachi on January 2 to review the issues of Qasr-e-Naz Karachi. The members of the committee, led by the Chairman of the Standing Committee, Senator Nasir Mahmood, would also inspect the Garden Hostel Karachi, Women’s Hostel Karachi and the four-acre land of the Ministry of Housing. A meeting of the standing committee would also be held on January 3, the agenda of which has been issued. According to the agenda, briefing would be given regarding replacement of previous management and actions of the management of Qasr-e-Naz along with ongoing projects, details of all expenses incurred thereof wef FY 2022-23 and onwards. The committee would also get briefing on status of new building of Qasr-e-Naz, functioning and situation of Garden Officers Hostel, including electricity payments made to K-Electric, status of women hostel of Qasr-e-Naz and utilisation of its space. The committee would be briefed on other issues, including booking of rooms and suites in Qasr-e-Naz.
Trump invited China's Xi to his inauguration even as he threatened massive tariffs on Beijing
SINGAPORE, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: “NPK”) (OTCQX: “VNPKF”) (" Verde ” or the “ Company ”) announces that its President and Chief Executive Officer, Cristiano Veloso, has terminated the automatic securities disposition plan (the " ASDP ") previously announced in the Company's press release dated September 28, 2023. 1 Mr. Veloso was not in possession of material non-public information at the time the securities broker was provided with notice to terminate the ASDP. In accordance with the terms of the ASDP, the termination will become effective on January 24, 2025, being 30 days following the date notice of termination was provided. This decision relates to personal financial planning and confirms Mr. Veloso’s confidence in the company’s future prospects. About Verde AgriTech Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. Cautionary Language and Forward-Looking Statements All Mineral Reserve and Mineral Resources estimates reported by the Company were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards (May 10, 2014). These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. All forward-looking statements are based on Verde's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include, but are not limited to: Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation: risks related to the court approval process for the debt restructuring; risks relating to variations in the mineral content within the material identified as Mineral Resources and Mineral Reserves from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post closure, or the rate of flow of the water being different; developments in world metals markets; risks relating to fluctuations in the Brazilian Real relative to the Canadian dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals; delays in stakeholder negotiations; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; the effects of competition in the markets in which Verde operates; operational and infrastructure risks and the additional risks described in Verde's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com ) for the year ended December 31, 2023. Verde cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Verde, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Verde does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Verde or on our behalf, except as required by law. For additional information please contact: Cristiano Veloso , Chief Executive Officer and Founder Tel: +55 (31) 3245 0205; Email: investor@verde.ag www.verde.ag | www.investor.verde.ag ________________________ 1 See: https://investor.verde.ag/automatic-securities-disposition-plan-established-by-verde-agritech-chief-executive-officer-2/
Share Tweet Share Share Email In the rapidly evolving cryptocurrency market, choosing the right one at the right time can generate substantial returns. Whether you’re looking for quick profits or long-term gains, selecting promising projects is crucial. BlockDAG, Ethereum, and Aave are among the top cryptocurrencies to consider. They not only offer growth prospects but also bring pioneering innovations in their fields. BlockDAG’s advanced scalability, Ethereum’s lead in DeFi, and Aave’s prominence in decentralized lending provide unique opportunities for astute participants in the market. For anyone interested in making wise choices in the crypto market, these top selections are worth watching in 2025. 1. BlockDAG: The Next Generation of Blockchain Technology BlockDAG (BDAG) is surpassing older systems like Bitcoin and Ethereum with its Directed Acyclic Graph (DAG) technology. This structure allows for simultaneous transactions, significantly reducing time, preventing bottlenecks, and lowering fees. It’s a transformative technology for sectors such as DeFi, supply chain management, and digital payments. Unlike traditional blockchains that handle transactions sequentially, BlockDAG’s architecture supports concurrent processing, enabling it to handle millions of transactions per second. This represents a significant advancement over existing blockchain technologies. The presale of BlockDAG has so far raised $150 million, selling over 16.4 billion coins, showing strong market interest. Currently, at batch 26, each coin is priced at $0.0234, marking a 2240% increase since batch 1. Traders can also benefit from the limited-time BULLRUN100 bonus, which doubles the coins purchased and offers early access to the airdrop, available for just 2 more days. The excitement around BlockDAG is growing, particularly following its recent AMA session. The team shared important updates on the project’s development, which is under audit. They discussed the successful Alpha Testnet results, which verified the network’s scalability, security, and performance. They also outlined Phase 2, which will include new features such as custom miners, enhanced transaction throughput, and staking options. 2. Ethereum: Leading DeFi and NFT Innovations Ethereum maintains its position as a leading cryptocurrency, essential to the DeFi and NFT industries. As the second-largest crypto by market capitalization, it continues to influence with its smart contracts and decentralized applications (dApps), sustaining a billion-dollar industry. The Ethereum 2.0 update has greatly enhanced network efficiency, scalability, and reduced energy use, boosting its appeal for sustained growth. Initiatives like EIP-1559 and the shift to Proof of Stake (PoS) have addressed issues of congestion and high transaction fees, reinforcing its status as the preferred blockchain for DeFi initiatives. With an expanding ecosystem, Ethereum remains the primary choice for blockchain developers. 3. Aave: Pioneering DeFi Lending Aave stands out as a key and pioneering entity in decentralized finance (DeFi). This decentralized lending platform allows users to lend, borrow, and earn interest on crypto assets under their control. Aave distinguishes itself with flash loans—immediate, collateral-free borrowing—creating significant possibilities for traders and developers. AAVE tokens grant holders a voice in protocol governance, promoting development that reflects the community’s interests. With its cross-blockchain integrations and a reputation for security and unique offerings, Aave is a front-runner in DeFi, poised for further growth in this expanding sector. Key Highlights Ethereum remains pivotal to DeFi and NFTs, evolving with upgrades like Ethereum 2.0 to resolve scalability challenges. Meanwhile, Aave leads in decentralized lending with distinctive features such as flash loans and staking options. Among these top cryptocurrency choices, BlockDAG emerges as an intriguing prospect. Its DAG technology delivers exceptional transaction speeds and scalability, making it a formidable contender to established blockchains. The significant $150 million raised in BlockDAG’s presale underlines strong market trust, suggesting now as a prime time to engage and potentially benefit from its anticipated success. Related Items: BlockDAG , press release Share Tweet Share Share Email Recommended for you Solana Faces Fierce Competition as BlockDAG Targets Disruption in the Crypto Memecoin Market Ethereum or BlockDAG: Who Will Take the Crown in the 2025 Blockchain Showdown? Plus Wallet Leads as Top Crypto Wallet for 2024; Gemini Expands to France & Ripple Boosts Transaction Speed CommentsTitans showing signs of growing tougher under 1st-year coach Brian Callahan
Review: Nicole Kidman commands the erotic office drama ‘Babygirl’The National Company Law Appellate Tribunal (NCLAT) Friday allowed Infrastructure Leasing & Financial Services (IL&FS) to sell its 100% stake in IL&FS Paradip Refinery Water Ltd (IPRWL) to a successful bidder. This follows Indian Oil Corporation (IOC) holding off on a decision to wholly acquire IPRWL. The approval paves the way for IL&FS to repay debt of about ₹1,000 crore. The counsel for IL&FS informed the tribunal that "debt resolution of ₹917 crore is being stalled" as IOC has yet to grant it a waiver for selling the stake. The IPRWL project was set up to transport treated water to IOC for its refinery in Paradip, Odisha. Under the January 2010 terms of the contract between IOC and IL&FS, IL&FS was required to retain at least 51% stake in IPRWL until May 2039. Further, the agreement allows IL&FS to sell its 100% stake in IPRWL to a third party only with IOC's permission. Also, the state-run refiner and fuel retailer would get the first right of refusal if IL&FS decides to sell its stake in IPRWL. Accordingly, IL&FS had sought IOC's waiver to allow it to sell its 100% stake in IPRWL. However, IOC has been dithering in giving its consent, according to the counsel. IOC declined to comment. 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"There has to be uniformity in the resolution framework and a cut-off date of 15 October 2018 has been followed for crystallisation of all dues including inter alia interest amount for lenders of all IL&FS entities and any further payment to lenders as part of restructuring of debt would adversely impact the value of InvIT units allotted to IL&FS group lenders," said the tribunal. Under the IL&FS restructuring agreement, IL&FS entities transferred their assets such as highway and other road projects to an infrastructure investment trust (InvIT), after which the trust issued IL&FS lenders units, representing the value of their debt. The units derive value from the assets owned by the trust. The appellate tribunal also pointed out that the debt of IL&FS entities must be treated separately. A claim arising from a debt owed to an entity cannot be set off against another claim stemming from another entity's debt even though they have the same parent company IL&FS. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory