🔥 Hot Corner

Wednesday, Sep 28, 2022

🔥 The Hot Corner

💬 Quoted…​​ "Forever."

  • How long Costco's $1.50 hot-dog-and-soda/pop combo will last, according to CFO Richard Galanti, who let the info slip on the company's most recent quarterly earnings call.

📉 Stat of the Day: ~87% of companies that went public last year were trading below their IPO prices as of Friday's market close, per data from Dealogic.

🌎 Around the World: Shakira, a-near-a… to jail time, potentially. A Spanish judge approved a trial for the Colombian pop singer yesterday on charges of tax fraud – for which prosecutors are seeking an eight-year prison sentence and $24 million fine.

🤯 Did You Know?... The US gov’t has ~1.4 billion pounds of cheese stockpiled in a cave in Springfield, Missouri. Here’s why.

📖 Worth a Read: The American Mall’s Long Goodbye → (The Sunday Long Read)

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