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Costco CEO explains how the chain kept prices low as tariffs and egg costs hit retailers hard

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Customers exit a Costco Warehouse in Pennsylvania. Gene Puskar/AP Costco rerouted some imports and found US-made alternatives in the wake of tariffs, executives said. The chain also dealt with higher butter and egg costs by taking a profit-margin hit on some items. Costco tracks key commodity prices "daily, and if not hourly," its CEO said. Shoppers have faced higher prices due to tariffs and bird flu this year. Costco, meanwhile, has worked to avoid price hikes on many items thanks to a multi-pronged approach, executives said during the retailer's third-quarter earnings call on Thursday. As the threat of tariffs became real during the quarter, which included President Donald Trump's " Liberation Day ," Costco brought in some merchandise for summer earlier than usual and purchased more US-made inventory, CEO Ron Vachris said during the call. The chain also rerouted some goods it had already purchased for its US stores to its locations abroad i...
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Sources: TSMC is evaluating building a "gigafab" in the UAE and has discussed the possibility with MGX and officials in the Trump administration (Bloomberg)

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Bloomberg : Sources: TSMC is evaluating building a “gigafab” in the UAE and has discussed the possibility with MGX and officials in the Trump administration   —  The company has had multiple meetings in recent months with Steve Witkoff, the US special envoy to the Middle East, and officials from MGX … from Techmeme https://ift.tt/lizwN2a
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Airbnb CEO Brian Chesky lays out the 3 key differences between founders and managers

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Airbnb CEO Brian Chesky compared founders to biological parents. Christian Hartmann/Reuters Airbnb CEO Brian Chesky revealed three big differences between founders and managers. He compared founders to parents, saying they have unique knowledge of their business baby. Chesky also shared the two biggest risks for founders, drawing a lesson from Steve Jobs . Airbnb CEO Brian Chesky knows firsthand what founders alone bring to the table — and what they lack. In an interview on " The Diary of CEO " podcast, Chesky revealed the three crucial attributes he thinks founders have that managers don't. He says they have a unique love for the business as a company's "biological parent," they have "permission" to make big changes, and they know their metaphorical business baby better than anyone. "You can love something, but when you're the biological parent of something, it came from you, it is you," Chesky, who cofounded and built up...
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6 easy ways to upgrade a box of brownie mix, from a former pastry cook

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Although I think boxed brownie mixes are pretty close to perfect, there are a few simple ways I'd upgrade them. iStock As a pastry cook, I've learned tips that can take boxed brownie mixes from OK to extraordinary. To upgrade boxed brownies, I'd add some extracts or salty snacks to the batter. Coffee and extra chopped chocolate pieces can also make brownies even tastier. Years ago, I left my job in sales and social media to become a pastry cook in Charleston, South Carolina. Although I'm no longer in the field, I still use some of the skills and tricks I used for preparing and upgrading desserts . When it comes to brownies, I actually think that boxed mixes are close to perfect (especially when late-night chocolate cravings hit). However, there are a few simple ways I'd amp them up. Switch up your baking vessel for unique results. A skillet brownie can be fun to serve at a party. rudisill/Getty Images Most boxed brownies will call for a metal or...
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Adam Mosseri says Instagram now supports photos with a 3:4 aspect ratio, ensuring that photos appear as they were originally shot, without cropping (Jay Peters/The Verge)

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Jay Peters / The Verge : Adam Mosseri says Instagram now supports photos with a 3:4 aspect ratio, ensuring that photos appear as they were originally shot, without cropping   —  The social network now supports photos with a 3:4 aspect ratio. … Instagram now supports photos that have a 3:4 aspect ratio … from Techmeme https://ift.tt/kmCIAVF
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The best queen mattress sales and deals in May 2025

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When you buy through our links, Business Insider may earn an affiliate commission. Learn more The best queen mattress sales come from editor-favorite brands like Casper and Nectar. Casper;Nectar/Business Insider You shouldn't rush a mattress purchase. After all, the bed we sleep on affects our mood during the day just as much as the quality of our sleep at night. But that doesn't mean you have to spend thousands of dollars. In fact, the best queen mattress sales happening now can help you upgrade your bed on a budget. Memorial Day is over, but plenty of our favorite mattress brands are keeping the festivities going by extending their sales past the holiday. With significant markdowns available on foam, hybrid, and organic mattresses, you'll be able to find a good deal no matter your preference. If you're ready to upgrade your bed but don't know where to start, read our full best mattress guide to learn more about our favorites. Ahead, find the best queen ma...
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Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems (Marina Temkin/TechCrunch)

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Marina Temkin / TechCrunch : Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems   —  For accounting departments, no software is more important than the general ledger system.  It's the central hub that summarizes … from Techmeme https://ift.tt/uRdrQsz
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