Morning News: May 28, 2025
Doing Business in China Is Getting Harder, but Its Exports Are Hard to Resist
Japan Bonds Draw Weak Demand as Rise in Superlong Yields Sparks Concern
Now Is the Moment to Pressure Putin, Not Appease Him
Russian Central Bank Warns of Oil Price Risks as it Defends High Rates
Alberta Wildfires Threaten an Oil Industry Working to Refill Dry Tanks
Central Bankers Bow to Political Winds When It Comes to Climate, Study Shows
Germany’s Jobless Numbers Tick Higher
ECB Says Lagarde ‘Determined’ to Complete Her Term
UniCredit to Double Stake in Greece’s Alpha Bank to Around 20%
US Banks Tiptoe Toward Crypto, Awaiting More Green Lights from Regulators
The GOP’s Budget Bill Will Pass in Spite of Itself
Musk Says He’s ‘Disappointed’ That Trump Tax Bill Raises Deficit
Income Taxation: TheTap Root of Collectivism
Fisher: On the Big Beautiful Bill
Why You Don’t Lose Money in Bonds (If You Wait Long Enough)
Wall Street’s Rush to Launch Vanguard-Style Funds Draws Warnings
Boston Pushes Harvard, Other Colleges for Money Even as Trump Steps Up Attacks
US Home-Refinancing Gauge Falls to Three-Month Low as Rates Near 7%
‘We’re In a Holding Pattern’: Home Sales and Building Slump in the Face of Uncertainty
EU Aims to Cut Red Tape, Boost Funding to Lure Tech Startups
DeepSeek Unveils Update to R1 Model as AI Race Heats Up
Watchdog Probes Illegal Use of Starlink Service in South Africa
Droga Steps Down as CEO of Accenture Song, the Marketing Unit He Helped Build at Consulting Giant
Honeywell Enters Cooperation Pact With Elliott Before Breakup
Brazil Sues EV Giant BYD Over ‘Slavery’ Conditions at Plant
Jeep Maker Stellantis Names Americas Boss as CEO
GM’s Mary Barra on the Auto Giant’s EV Strategy
Macy’s Cuts Profit Outlook Despite Solid Spring-Season Sales
Luxury Brands Are Paying for Over-the-Top Price Hikes
Be sure to follow me on Twitter.
Posted by Eddy Elfenbein on May 28th, 2025 at 7:05 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Costco 1st Quarter Revenues...
2025: $63 Billion
2020: $37 Billion
2015: $26 Billion
2010: $18 Billion
2005: $12 Billion
2000: $7 Billion
1995: $4 Billion
That's a 10% annualized growth rate over the last 30 years.
$COSTBezos once said: "The thing I've noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it."
Applies to so much more than business. Never let a statistic blind you from seeing the naked truth…I imagine it would.
"New Stalin monument in Moscow subway stirs debate".
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 
