Say farewell to summer. True, the season doesn’t officially end until Sept. 23 this year. But most of us consider the Labor Day weekend the unofficial end, and we often celebrate it by gathering with friends and family for picnics and barbecues, or by attending events of all kinds. Of course, Labor Day, which falls…
A Nigerian man is wondering how men who invite babes from other states for ‘’g£nital meet and greet” are coping considering the spike in transportation. In a post shared on his Twitter handle, the man pointed out that interstate transportation have risen. He said any man still inviting a lady over from another…
Last week, retailers Walmart Inc., Target Corp. and Home Depot Inc. provided broad strokes on how rising prices for essentials have reshaped consumer habits. Now come the finer points, with a whole lot of other retailers — including Dollar Tree Inc. DLTR, -0.37%, Costco Wholesale Corp. COST, -0.32%, Best Buy Co. Inc. BBY, -3.44%, Gap…
A Nigerian attorney based in the US has lamented about the disadvantages of moving abroad. In a series of tweets, @ike_obiora recounted how moving abroad has caused him to miss three major family engagements, which are the funeral of his grandmum and two dear Uncles. Read his tweets below…
Nigerian football legend, Jay-Jay Okocha, has said he would have cost around €150m in today’s transfer market for clubs to secure his services. The former PSG, Fenerbahçe, and Eintracht Frankfurt midfielder was commenting on the high fees clubs now pay to sign players. In an interview with hurriyet, Okocha believed he would have…
JPMorgan Chase & Co. JPM, -0.11%, Citigroup Inc. C, +0.20% and Wells Fargo & Co. WFC, +2.74% — along with PNC Financial Services Group Inc. PNC, +0.37% and BlackRock Inc. BLK, +0.05% — report earnings Friday as Wall Street’s fixation on a recession continues to run deep. And following the implosion of Silicon Valley Bank…
U.S. stocks reversed earlier losses, edging higher in midday trade on Thursday as investors digested weekly data on the number of Americans applying for unemployment benefits, while looking to Friday’s jobs report for signs of a slowing economy and the future of the Federal Reserve’s interest rate policy. What’s happening On Wednesday, the Dow gained…
One of the key trends of this retail earnings season has been a pullback in discretionary spending as consumers refocus their budgets amid an uncertain macroeconomic environment. Against this backdrop, retailers are ramping up their efforts in other, cheaper, areas. On Thursday, retail giant Costco Wholesale Corp. COST, -2.15% reported fiscal second-quarter results and highlighted…
Shares of Costco Wholesale Corp. dropped 2% in the extended session Thursday after the retail giant’s holiday sales missed the mark even though an earlier-than-usual Lunar New Year boosted February revenue. Costco COST, +1.47% said it earned $1.47 billion, or $3.30 a share, in the fiscal second quarter, compared with $1.30 billion, or $2.92 a…
With retail earnings season about to kick off, Placer.ai, a data analytics company that measures foot traffic, warns that most companies are facing a tough year-over-year holiday season comparison. But pre-pandemic data tell a different story. In a report on how Target Corp. TGT, -1.80%, Walmart Inc. WMT, +0.62%, Costco Wholesale Corp. COST, -0.26%, BJ’s Wholesale…
The National Population Commission (NPC) has said that the 2023 census will cost more than N400 billion. Mr Jick Lawrence, Head, NPC Public Affairs Department in Plateau, disclosed this to newsmen in Jos on Monday, February 13. He revealed that about N100 billion had so far been expended on preparations ahead of the…
In wake of the termination of Adidas’ contract with Rapper and fashion designer, Kanye West following some anti-Semitic comments made by him in October 2022, the sportswear giants have warned that the move will make a huge impact on its profit as the company has been struggling to sell the remaining stock of Yeezy shoes….
Costco Wholesale Corp. stock fell less than 1% in the extended session Thursday after the retailer missed Wall Street expectations for its fiscal first quarter and online sales dropped. Costco COST, -0.11% earned $1.36 billion, or $3.07 a share, in the quarter, compared with $1.32 billion, or $2.98 a share, in the year-ago period. Revenue…
Happy Thanksgiving from the administration that has given Americans record-breaking inflation, energy DEPENDENCE and a buttload of other horrible, terrible, awful things in the past two years. Now, add to that the most expensive Thanksgiving Dinner maybe ever. Democrats are SUCH givers. According to the Farm Bureau, Americans continue to pay more than ever before…
As Florida braces for Hurricane Ian’s landfall, a range of companies — from providers of rebuilding supplies to food retailers and parts of the insurance sector — will likely feel the impact. The hurricane is expected to cause catastrophic storm surges, winds and flooding on the Florida peninsula starting Wednesday, the National Hurricane Center warned…
As the market obsesses about inflation and what would cause the Fed to step off the gas pedal, it’s worth considering what some companies are saying about it. The view from Costco Wholesale, the warehouse retailer known for its competitive prices, seems as good as any to start. And the comments made by CFO Richard…
A Nigerian Twitter user has shared the current reality of living in United Kingdom. @JajaPhD revealed that those planning to leave Nigeria for UK this 4th quarter are ”diving straight into a cost of living crisis.” He also revealed that those who are living in the UK and are somewhat settled are struggling a…
The Babylon Bee had a good headline about Elizabeth Warren being paid $400,000 by Harvard to teach a class on why tuition is so high. Will canceling up to $20,000 of student loan debt make higher education more affordable? You might ask Dr. Jill Biden, seeing as she’s a teacher. Plus, she had Education Secretary…
Great news, everyone! Remember how Joe Biden’s big taxpayer-funded bailout for student loan borrowers was going to cost us over $300 billion, which would come out to about $2,000 per taxpayer? Well, it looks like those numbers were incorrect. It’s actually going to cost us like three times the original estimates. That’s according to a…
Many of us Nigerians are illiterates. Look at him holding up a leaf of bread. You should be talking of yam, santana,gari etc. If you listen to local and foreign news, you will hear that Russia and Ukraine are at war. That’s why there’s inflation all over the world. If you’re educated enough you’ll know…
While other retailers struggle in the face of inflation, Costco Wholesale Corp. reported a 20.4% net sales increase for the month of June, with analysts suggesting that higher gas prices boosted the retailer in a few ways. “We believe share gains are being helped by higher gas prices, which are likely driving incremental traffic as…