Costco Wholesale Stock News

Costco has sued the U.S. government to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs.

The wholesale giant claims the White House misused emergency authority and warns importers could lose refunds even if duties are ruled unlawful

Costco has sued the Trump administration over what it calls the country's “unlawful” tariffs. In a lawsuit filed last week, the warehouse retailer asks the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act (IEEPA)  illegal, and seeks a full refund of all levies paid under President Donald Trump's tariffs.

Warehouse retail giant Costco Wholesale (COST) has joined the list of companies looking for a refund on tariffs.

Stock futures are slightly higher as major indexes look to rebound from a sluggish start to the month; a new economic forecast sees the global economy slowing next year because of tariffs; Costco is suing the Trump administration over those same tariffs as it looks for a refund; Bayer has received a vote of support from the U.S. Solicitor General in its efforts to stem lawsuits over whether Rou...

The three major indexes broke five-day winning streaks. Apple's head of artificial intelligence is stepping down.

Costco has been reporting healthy sales increases and growing profits. It has a recession-proof model, but the stock trades at a premium valuation.

Multinational retailer Costco has taken the unusual step of suing the US government to ensure it can recover import duties should the Supreme Court ultimately rule that former President Donald Trump lacked the legal authority to impose sweeping emergency tariffs under the International Emergency Economic Powers Act (IEEPA).