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Shopping carts are seen at a Costco Wholesale store in Glenview

Costco margin dip overshadows sales beat, shares slide

Costco Wholesale Corp's gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.

Automobiles are shown for sale at a car dealership in Carlsbad California

U.S. auto sales expected to dip in 2019, says NADA

New vehicle sales in the United States are expected to drop next year as higher interest rates and rising prices could prompt customers to hold off their car-buying plans, the National Automobile Dealers Association (NADA) said on Thursday.

FILE PHOTO: Mike Ashley, founder and majority shareholder of sportwear...

Sports Direct's Ashley sends shivers along UK high street

Sports Direct owner Mike Ashley said trading in November was "unbelievably bad", sending shares in the retailer down nearly 20 percent and adding to a wider sense of gloom hanging over British high streets during the peak Christmas season.

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