Impact of Delayed Robo Taxi Announcement and Costco's Stock Surge

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The chapter discusses the delay in the announcement of a robo taxi by a company, impacting its stock value, while also highlighting Costco's stock surge after raising membership prices for the first time in seven years. It goes on to explore the resilience of Costco's business model amidst inflation and how they maintain consumer loyalty, before shifting focus to an extravagant Indian wedding and the history of the Mirage casino in Las Vegas.

Episode 364: Neal and Toby recap the latest inflation report that might’ve sealed the deal on a Fed rate cut with a minor increase that shows signs of cooling down. Then, airline profits are underperforming despite record air travel. Plus, a Texas jury sides with a bitcoin miner that’s been making nearby residents sick from the loud data facilities. Next, Costco is the stock of the week and Tesla is the dog of the week. Meanwhile, the most star-studded Indian wedding that billions of money can afford. Lastly, the iconic Las Vegas casino The Mirage is closing its doors and needs to get rid of its prize money.

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00:00 - NYT Book List

3:00 - Inflation goin’ down

7:20 - Delta Air struggling

10:30 - Bitcoin mining is very noisy

14:00 - Dog: Tesla

17:20 - Stock: Costco

19:20 - The wedding to rule all weddings

22:00 - The Mirage closes shop

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