NewsWatch: Costco clears $4 billion in earnings for first time amid record growth, but the stock is falling

MARKETWATCH FRONT PAGE

Costco Wholesale Corp. brought in $4 billion in profit for the first time in a fiscal year, thanks to a big boost from shoppers stocking up during the COVID-19 pandemic. See full story.

Here are two stocks that stand to benefit from California’s electric-vehicle push

California is aiming to ban sales of gas-powered vehicles by 2035, and Morgan Stanley has two stock picks for those willing to play a long game. One is easy to guess, the other may surprise you. See full story.

That stock-market storm investors are so worried about? It’s already here, warns fund manager who’s returned 50% so far this year

The man behind the risk-on, risk-off ATAC Rotation Fund, which has delivered a 50% return so far this year, has had some prescient calls of late, and he had another one last week when he said lumber prices were signaling an imminent drop in stock prices. See full story.

Kevin O’ Leary says investing $100 a week will make you a millionaire by retirement

The FIRE movement is a ‘motivational platform’ to get people thinking about their future financial stability, he says See full story.

Why stock-market investors are starting to freak out about the 2020 election

Less than a month and a half from the 2020 presidential elections and investors are starting to get panicky about the race for the White House and what that presidential contest means for already rocky markets in the coming weeks. See full story.

MARKETWATCH PERSONAL FINANCE

Thursday’s top personal finance stories See full story.