• Sun, March 30, 2025

by: TheStreet

Costco CFO sounds warning on shift in customer spending

Costco shares more insight on its customers than most retailers. That's because what the chain's members buy is interesting, but not actually a key measure of its success. The warehouse club's key business metric is actually its subscriber growth and retantion rates.

by: Bloomberg

Asia Braces for Historic Test of Export Model From Trump Tariffs

Asian leaders face tough decisions as President Donald Trump's reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.

by: Fortune

Medication taken by 1 in 8 Americans linked to substantial increase in the risk of sudden cardiac death

Ages 30 to 39: One to five years of antidepressant use were around three times more likely to suffer sudden cardiac death. Risk increased to five times higher for those with six or more years of exposure.

by: MyChesCo

United Airlines and Chase Unveil New United Family of Credit Cards

United Airlines and Chase have officially launched the revamped United Family of Cards, introducing enhanced benefits and unique value propositions tailored to meet the diverse

by: Insider

Skadden's pact with Trump was a 'dealbreaker,' associate tells BI after resigning

"The deal was announced, and that was it for me," Frey said, noting that she was "absolutely not considering leaving" prior to Skadden's decision to provide $100 million in pro bo

by: iTWire

DAS launches 'groundbreaking' regional 3D terrain mapping

Geospatial technology company DAS (Digital Agricultural Services) has launched a 3D mapping solution for the regional and rural property sector to easily visualise the topography of hectares of land.

by: KGAN

100+ institutions & industry leaders guide students at Kirkwood's career and college fair

High school students and families explored future education and career paths at the Future Ready Career and College Fair on March 30 at the Kirkwood Hotel & Con

by: Reuters

Japan to give crypto assets legal status as financial products, Nikkei says

Japan's Financial Services Agency (FSA) plans to revise the Financial Instruments and Exchange Act to give crypto assets a legal status as financial products, the Nikkei business daily said on Sunday,

by: Reuters

Trump says reciprocal tariffs will target all countries

U.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.

by: Insider

Skadden's deal with Trump was a 'dealbreaker,' associate tells BI after resigning

"The deal was announced, and that was it for me," Frey said, noting that she was "absolutely not considering leaving" prior to Skadden's decision to provide $100 million in pro bo

by: Reuters

Stocks skid, bonds rally as tariffs stoke recession risk

By Wayne Cole SYDNEY (Reuters) -World share markets were in a tailspin on Monday after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to recession.

by: Reuters

Japan Feb factory output up, retail sales slow as Trump 2.0 raises growth risks

Japan's factory output rose at a better than expected pace last month, driven by increases in production machinery and electronics parts, but a slowdown in retail sales pointed to the growing strains for an economy facing rising external risks.
  • Mon, March 31, 2025

by: Businessworld

Building resilience in the financial sector

The financial industry's growing reliance on technology is heightening the risk of failure points linked to unregulated third-party connections. These weaknesses can be targeted by malicious entities,

by: Euronews

Primark boss steps down over inappropriate behaviour allegation

The boss of low-cost retailer Primark has resigned with immediate effect following a complaint made by a woman about his behaviour towards her in a social setting. Paul Marchant's departure follows an investigation into the allegation, according to a statement released on Monday by Primark's parent company Associated British Foods.

by: iDiva

OTT Releases This Week (March 31-April 6): 7 New Movies & Web Shows To Add To Your Watchlist

Here are the top seven new OTT releases this week between March 31 to April 6, 2025. The second chapter of this popular musical thriller will arrive on April 4, 2025. It showcases around 15 songs performed by 14 top music artists, including Gippy Grewal, Sunidhi Chauhan, Mika Singh, Afsana Khan, Asees Kaur, and MC Square, among others.

by: BusinessDesk

Foodstuffs' Chris Quin and Woolworths say divestment will boost prices

Foodstuffs North Island's chief executive and Woolworths say attempts to restructure the grocery market to help consumers could have the opposite

by: TheStreet

Jobs report and tariffs may make for a bumpy week

Wall Street. The market snapshot gets more concerning. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 The Standard & Poor's 500 and Nasdaq Composite indexes have each fallen in seven weeks of the last nine.

by: TechRadar

UK firms are struggling to scale AI across their business

Over two-thirds (67%) of British companies are failing to scale AI tools across their organizations, noting a distinctive 'leadership bubble' where the technology doesn't get disseminated more broadly, new research has claimed.

by: TwistedSifter

Married Couple Runs Their Business With Shady Business Tactics, But One Employee Recruits His Best Friend To Help Him Plot Revenge

That's the kind of company the employee in this story worked at, but with the help of his best friend, he got a huge pay day and a ticket out of there! Let's see how the story plays out. I used to work for a married couple,

by: Patch

? GPH - Swim Lessons for ages 3-5: Stage 1 and 15 more events

Stage 1 at Greater Palm Harbor YMCA Salt Cave Yoga - Tuesdays with Jordan at Oceanair Himalayan Salt Cave Mommy & Me Dance Class at Palm Harbor Parks & Recreation ... and check out the 9 more events on the calendar!

by: Moneycontrol

Income tax cuts, RBI's repo rate reduction and more: Here's how April will impact your wallets

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to affect your wallets.

by: Patch

? 'Trust Me On This' Learning Series: Free MA Estate Plan Courses That Take Minutes, Save Thousands and 11 more events

Trust Me On This' Learning Series: Free MA Estate Plan Courses That Take Minutes, Save Thousands at Starts on Enrollment Today's riddle: What do you call a giraffe in the middle of the road? 🤔 (Answer below!

by: Entrepreneur

Koparo Secures INR 14.5 Cr in Extended Pre-Series A Led by Saama Capital

The fresh capital will support Koparo's working capital requirements, corporate expenses, and expansion plans.

by: Bloomberg

US Business Put Spending Plans on Ice With Tariffs, Tax-Cut Wait

President Donald Trump's November election win drove a surge in business optimism and expectations for capital spending. Four months later, executives have shifted to wait-and-see mode.

by: BBC

Primark boss quits after complaint about behaviour

Primark boss Paul Marchant has resigned following an allegation by a woman about "his behaviour towards her in a social environment".

by: CoinTelegraph

Bitcoin falls to $81.5K as US stock futures sell-off in advance of Trump's 'Liberation Day' tariffs

Bitcoin looks set for a bearish open to mark the last trading day of March and possibly the weakest Q1 performance since 2018. Crypto and stock traders' anxiety over US President Donald Trump's fresh wave of 25% tariffs on cars imported to the US,

by: Euronews

From Finland to the UK, European countries are slashing aid. What does it mean for climate funds?

Political changes, higher defence spending and a shift in focus towards national priorities have seen many European aid budgets slashed recently. View on euronews

by: CNBC

After 20 years at the helm, Klarna CEO Sebastian Siemiatkowski faces his biggest test yet: A U.S. IPO

Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.

by: Bloomberg

Asia Braces for Trump's Reciprocal Tariffs to Test Export Model

Asian leaders face tough decisions as President Donald Trump's reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.

by: Euronews

Week ahead: Global sentiment sours as Trump's auto and reciprocal tariffs loom

Trump's auto and reciprocal tariffs are set to rattle the global markets as sentiment soured amid recession fears. Key economic data, including inflation readings from the eurozone, employment change from the US,

by: Insider

Brian Niccol is shaking up Starbucks. Here's how he became one of the biggest names in the restaurant industry.

Brian Niccol led turnarounds at Taco Bell and Chipotle before becoming CEO of Starbucks. Here are the highlights of his career in restaurants.

by: Patch

? Kids Spring Break: Painted Seedling Pots and 11 more events

Painted Seedling Pots at Riverview Branch Library West Side Writers at Riverview Branch Library Environmental Committee Meeting at City Hall ... and check out the 3 more events on the calendar! Today's riddle: What do you call a giraffe in the middle of the road?

by: Patch

? Turkey Dinner - Curbside pick-up and 11 more events

Peeps Diorama Contest - Start Date! North Hampton Public Library, 237A Atlantic Avenue, North Hampton . 12:00 am . Rick Dumont Photography Exhibition North Hampto

by: Insider

Gen Z is facing a career apocalypse

Between tech layoffs and DOGE cuts, college students are running out of job prospects — and it could haunt them for years to come

by: Insider

Gen Z's career apocalypse

Between tech layoffs and DOGE cuts, college students are running out of job prospects — and it could haunt them for years to come

by: Patch

? Cuddle Babies and 15 more events

Today's riddle: What do you call a giraffe in the middle of the road? 🤔 (Answer below!) From our Partner Today's Concord Patch AM is brought to you in part by T-Mobile. After investing billions to light up their network from big cities to small towns,

by: Patch

? Bunny's Breakfast Bash and 13 more events

Today's riddle: What do you call a giraffe in the middle of the road? 🤔 (Answer below!) Weather forecast: 🗓 Upcoming Events in Maple Grove Add your event to our calendar and newsletter! Family Storytime Maple Grove Library,

by: Reuters

Renault, Nissan further loosen long-standing alliance

Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.

by: Reuters

Primark boss Marchant resigns after 'error of judgment'

The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted an "error of judgment" towards a woman in a social environment. Parent-company Associated British Foods said in a statement on Monday that Marchant had accepted his actions fell below the standards expected,

by: Patch

? Lunch & Learn: Crime Prevention - Retail Theft and 15 more events

The quickest way to get caught up on the most important things happening in Redmond.

by: Patch

? PFLAG General Support Meeting and 15 more events

Walk-in Tutoring at Harbor City - Harbor Gateway Branch Library PFLAG General Support Meeting at Beach Cities Health District, 514 N. Prospect Ave., Redondo Beach, CA Walk-In Tutoring With Margie at Playa Vista Branch Library

by: Reuters

Virgin Atlantic sees signals of slowing US demand

British airline Virgin Atlantic said it was starting to see some signals that demand was slowing in the United States after a strong start to 2025.

by: Reuters

Oil markets wait to see if Trump's Russian oil tariff threat is a bluff

Oil markets on Monday shrugged off U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs as the shock value of the barrage of threats from the White House begins to wear thin with jaded traders.

by: Patch

? Renton's Valley Medical faces staffing cuts amid Medicaid issues

Seattle-area hospital loses 101 staffers after Medicaid payment pause (seattletimes.com) — Valley Medical Center in Renton has laid off 101 nonclinical staff due to a pause in Medicaid payments. This makes it the first Washington hospital to announce such cuts,

by: Reuters

UK's Primark boss resigns immediately after 'error of judgement' in social setting

The group said on Monday that Marchant had cooperated with an investigation led by external lawyers, acknowledged his "error of judgement" and accepted that his actions fell below the standards expected by AB Foods.

by: Reuters

Japan factory output up, but soft outlook and cooling retail sales pressure economy

Japan's factory output rose at a better than expected pace last month, but cooling retail sales growth and a slowdown in production expected by manufacturers in the near term pointed to the growing strains for an economy facing rising external risks.

by: Reuters

Colombia central bank board likely to resume cuts as new members debut

Colombia's central bank board looks set on Monday to resume cuts to its benchmark interest rate with the support of new board members, despite inflation pressures and a difficult fiscal situation.

by: Reuters

Analysis-For China and US Inc, Trump's trade war feels much worse this time

Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for U.S. retailers, including Walmart and Costco, facing crippling U.S. tariffs. "The orders are half of what they were last year,

Costco CFO sounds warning on shift in customer spending

Costco shares more insight on its customers than most retailers. That's because what the chain's members buy is interesting, but not actually a key measure of its success. The warehouse club's key business metric is actually its subscriber growth and retantion rates.
Costco's Chief Financial Officer, Richard Galanti, has raised concerns about a noticeable shift in consumer spending habits. During the company's quarterly earnings call, he noted that while there has been an increase in sales of lower-cost items like canned meat, chicken, and hot dogs, there's a decline in demand for higher-priced discretionary items such as electronics, jewelry, and home furnishings. This shift suggests that consumers are becoming more cautious with their expenditures, focusing on essential goods over luxury or non-essential purchases. Galanti highlighted that this trend could be indicative of broader economic pressures affecting consumer behavior, potentially signaling a slowdown in consumer spending which might impact Costco's future sales and profitability.

Read the Full TheStreet Article at:
https://www.msn.com/en-us/money/companies/costco-cfo-sounds-warning-on-shift-in-customhoer-spending/ar-AA1BWsfB