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Costco isn’t raising membership fees after earnings beat expectations

Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida.Paul Hennessy | Sopa Images | Lightrocket | Getty ImagesCostco is still holding off on raising its membership fees after reporting fiscal fourth-quarter results that beat expectations.The retailer typically raises fees around every five years, but hasn’t said when it will do …

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The Dow tumbled 500 points because Jerome Powell’s Fed ‘isn’t going to blink’

It took stock-market investors a while to make up their minds, but when the closing bell sounded on Wednesday it was clear they didn’t like what they had heard from the Federal Reserve and its chairman Jerome Powell. See: Fed approves third large interest rate hike and signals more before year-end Central bankers also penciled …

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