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Consolidated Planning Corp increased its stake in Costco Wholesale by 33.4%, now holding 7,488 shares valued at $6.6 million. Institutional investors own 68.48% of the stock, which has seen price targets raised by several analysts, with JPMorgan forecasting a potential upside of 10.96%. Costco's recent earnings report showed a revenue of $63.72 billion, slightly above estimates, despite an EPS miss.
Costco Wholesale Corporation reported strong revenue, although its shares fell following a quarterly earnings miss. The company operates 890 warehouse stores across various countries, with net sales primarily from product sales (98.1%) and a smaller portion from subscriptions (1.9%). Geographically, 72.4% of net sales come from the United States, followed by Canada (13.7%) and other regions (13.9%).
Palicha labeled Zomato CEO Deepinder Goyal's claims about Zepto's cash burn as “verifiably untrue.” Meanwhile, Prime Venture Partners has launched a US$100 million fund for early-stage startups in India, while South Korea introduced a US$34 billion policy fund to support strategic industries. Additionally, ByteDance is initiating a US$312 billion employee stock buyback program, reflecting increased investor confidence.
Startup Mahakumbh is set to host its second edition from April 3-5, 2025, at Bharat Mandapam, attracting delegates from over 50 countries to showcase India's vibrant startup ecosystem. The event will feature sectoral pavilions on industries like AI, HealthTech, and FinTech, fostering global collaboration and innovation. Supported by key industry bodies and government initiatives, it aims to position India as a leader in the global startup landscape by 2047.
LG Uplus aims to generate $300 million in revenue by 2028 through a partnership with Google, integrating the Gemini AI model into its AI call agent, ixi-O. This collaboration will enhance features like context-based call summaries and user recommendations, with plans to expand ixi-O globally, which had 170,000 subscribers by the end of 2024.
At a keynote in Barcelona, Huawei's James Chen emphasized that the transformation of carriers into tech companies is driven by AI and emerging technologies like 5.5G and cloud services. He introduced the "Five Ones" capability model to enhance business operations and infrastructure, enabling carriers to monetize differentiated experiences and provide personalized AI services. Chen highlighted the importance of a unified cloud platform and intelligent infrastructure to support digital transformation and improve operational efficiency.
The country's foreign trade began the year weakly, impacted by US tariffs on Chinese goods, despite a temporary suspension of tariffs on Canada and Mexico. Global markets showed significant declines, particularly in technology stocks, amid rising bond yields and concerns over economic growth. The euro strengthened against the dollar, while oil prices stabilized, though concerns about trade disputes continue to weigh on demand forecasts.
At the MWC 2025 in Barcelona, Minister of Science and ICT Yoo Sang-im expressed concern over Huawei's rapid growth, noting its significant investment in R&D with 120,000 of its 200,000 employees dedicated to this area. He highlighted the need for South Korea to bolster its talent pool to compete effectively with China and emphasized the next five years as crucial for advancing in science and technology.
KG Mobility has launched South Korea's first electric pickup truck, the Musso EV, at an event in Pyeongtaek. Equipped with an 80.6-kWh lithium iron phosphate battery, it offers a 400-kilometer range and a 500-kilogram payload capacity. The vehicle is available in two trims, priced at 50.5 million won and 48 million won, both eligible for government subsidies.
Kakao Bank has nominated CEO Yun Ho-young for a fifth term, as confirmed in a regulatory filing on March 4. The shareholders' meeting to approve his reappointment is set for March 26. If approved, Yun's new two-year term will commence after his current term ends on March 28.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
costco wholesale sees increased institutional investment and positive analyst ratings
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09:02 09.03.2025
costco reports strong revenue but shares decline after earnings miss
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20:59 07.03.2025
new funds launched in india and south korea amid growing investor confidence
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startup mahakumbh 2025 to unite global entrepreneurs across 50 countries
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LG Uplus targets 300 million dollars in AI revenue with Google partnership
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huawei highlights ai innovation for telecom transformation and value creation
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global markets decline amid rising bond yields and economic uncertainties
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Kakao Bank CEO Yun Ho-young nominated for fifth term ahead of vote
04:30 06.03.2025
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