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Costco (NASDAQ:COST) has not raised membership fees in the United States and Canada since November 2011, and CFO RIchard Galanti hinted during its Q1 earnings call in December 2016 that an increase was coming this year.Those hints will become reality on June 1.

The warehouse club said in its Q2 2017 earnings release that it will increase annual membership fees by $5 in the United States and Canada for all its basic “Gold Star” individual and business memberships. That raises the cost of those plans to $60.

In addition, the company will increase the cost for its Executive....More>>>

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DOL Looking for Reason to Delay Full Fiduciary Compliance Date: Lawyer

IRS Posts Affordable Care Act Tax Data

IRS Posts Affordable Care Act Tax Data

Only 4.6% of U.S. households told census takers they had annuities or trusts in 2013, but those households had an average of $180,271 in annuity and trust assets each.

The median value of trust and annuity assets was $60,000. That means that half of the households with annuities and trusts had less than $60,000 in those arrangements, and half had more.

In 2014, retiree spending of pension benefits generated $1.2....More>>>

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Snapchat, an app once written off as a sexting tool, is now worth more than $30 billion — and the people who recognized its value early enough are in for a big payday.

Snap (SNAP), the parent company of Snapchat, saw its stock open at $24 a share in its public market debut Thursday, valuing it at about $33 billion.

At that price, Snap will spawn a new group of paper billionaires and millionaires.

Evan Spiegel

Evan Spiegel, Snap’s secretive 26-year-old CEO and cofounder, is credited with being the company’s guiding force and product visionary.....More>>>

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The 10-year Treasury yield on Wednesday surged the most in three years to trade above 2%, a level not seen since January, on expectations Donald Trump will significantly boost fiscal spending, adding to the countrys debt burden.

Right now, its a fear trade, said Kevin Giddis, head of fixed-income capital markets at Raymond James. While it is very early and most are trying to understand the forward thinking, the general perception is that a Donald Trump presidency will take us further into debt and ultimately be inflationary, affecting the values of all debt, including Treasurys.

Hot....More>>>