Richard Galanti, the CFO of Costco has issued a warning on Q3 earnings call of the company, saying that the retailer is experiencing inflammatory pressures, which includes shipping container shortage, increased cost of select items shipped from international borders and higher labor cost. As per Galanti, the shipping cost have risen on imported cheeses, select … Read more
Former Virginia Senator John Warner, who was married to actress Elizabeth Taylor once, has passed away at the age of 94. The sad news was informed by his longtime chief of staff on Wednesday. John passed away on Tuesday due to heart failure in his Alexandria residence in Virginia. His wife and daughter were at … Read more
The Congo volcanic eruption that happened on Saturday night killed about 32 people, said the officials on Monday as the residents looked for their missing dear ones amid the destroyed homes in the outskirts of Goma, the city where the aftershocks of the volcano were detected. Mount Nyiragongo made the dark night sky fiery red … Read more
On Wednesday, Amazon said that it is all set to buy MGM Studios in a deal worth $8.45bn, which marks its boldest ever move in the entertainment sector so far. This is the second-largest Amazon acquisition, after the company’s Whole Foods acquisition in 2017 for $13.7bn. Amazon said that it expects to leverage the storied … Read more