Walmart warns of price hikes due to new Chinese tariffs, Costco limits gold bar sales.

From Yahoo Finance: 2025-05-17 07:00:00

Costco has limited gold bar purchases to one per customer due to high demand since their launch in June 2023. UnitedHealth Group shares fell over 13% after news of a criminal investigation into Medicare billing practices. Tesla forms a committee to review Elon Musk’s pay after a previous compensation deal was struck down.

Spirit Airlines introduces premium seating options with extra legroom, a move away from their traditional low-cost model. President Trump plans to decide tariff rates in the next few weeks. Walmart reports strong first-quarter results but warns of potential price hikes due to new Chinese tariffs.

The US and China agree to suspend most tariffs for 90 days amid trade negotiations. Honda and Nissan report dismal earnings, hinting at further struggles. Boeing sees progress in China as local airlines are allowed to accept deliveries of Boeing jets after a ban was lifted.



Read more at Yahoo Finance: Walmart’s warning, Costco’s gold bar craze, and Trump’s retreat: Business news roundup