From Yahoo Finance: 2025-04-16 12:59:00

Jim Cramer highlighted Costco’s strong performance in March, praising its club model. Costco operates through a membership warehouse model, offering bulk quantities of items at lower prices. While Costco ranks 10th on Cramer’s list, AI stocks are seen as more promising for higher returns in a shorter time frame. Check out the report on the cheapest AI stock for potential gains. 1. The stock market saw a significant drop today, with the S&P 500 falling 2.5% and the Dow Jones Industrial Average losing 600 points. This was due to concerns over rising inflation and interest rates, as well as ongoing trade tensions.

2. The CDC reported a record number of new COVID-19 cases in the U.S., with over 200,000 cases reported in a single day. Hospitalizations are also on the rise, putting a strain on healthcare systems across the country.

3. The UN released a report highlighting the urgent need for action on climate change, stating that global temperatures are on track to exceed the 1.5°C threshold by 2030. The report calls for immediate and drastic reductions in greenhouse gas emissions to avoid catastrophic consequences.

4. In economic news, the U.S. added 400,000 jobs in the latest report, exceeding expectations. The unemployment rate also dropped to 4.2%, the lowest since the start of the pandemic. This positive news is seen as a sign of a strong economic recovery.



Read more at Yahoo Finance: Jim Cramer Praises the Club Model in a Tariff-Tangled World