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FT.com - USJul 08, 2020
Rosengren sees more US businesses needing Fed rescue
Central bank's Boston chief says Main Street Lending Facility may need to be extended

RELATED ARTICLES
Big Banks Aren't Embracing Fed's Main Street Loan Program (NYTimes Business)

MarketWatch MarketPulseJul 08, 2020
Costco June sales rise 11% to $16 billion
Costco Wholesale Corp. said Wednesday its June sales rose 11% to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12%, including an 11% increase in U.S. same-store sales. E-commerce sales increased 86%, the company said. Costco sales in May rose 7.5% and online sales jumped 106% that month. Costco has reported strong e-commerce sales this year but at its last quarterly report in April the company said the online sales hadn't made up for the drop in foot traffic at the stores and other businesses such as optical, food court, and travel due to the stay-at-home orders, social-distancing restrictions and closures related to the coronavirus pandemic. Costco is slated to report fiscal fourth-quarter results sometime in September, with quarterly sales seen around $50 billion, according to FactSet. Shares of Costco rose nearly 1% in the extended session after ending the regular trading day up less than 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC BusinessJul 07, 2020
Companies with Trump ties got coronavirus small business loans
Trump is linked to the firms and their executives through business deals conducted with his company, as well as through financial support for his 2016 run for president, his inauguration and his 2020 reelection campaign.
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