Costco to Rely on Advancing Orders, Production Shifts to Offset Tariffs
Costco Wholesale COST 3.67%increase; green up pointing triangle is taking steps to reduce its exposure to tariffs by pulling orders forward and moving the sourcing of its private-label products to the regions where they are sold.
These actions have helped lower costs for the warehouse-club chain, while also enabling it to avoid sharp price increases for consumers, Chief Executive Ron Vachris said on a call with analysts Thursday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
PG&E restarts huge grid battery following Moss Landing fire next door
One of the biggest grid batteries in California has resumed operations following the cataclysmic Moss Landing fire in January. The San Francisco Bay Area's power grid used to draw on two battery storage plants in the quiet seaside town of Moss Landing. Texas-based power company Vistra built the nation's largest standalone grid battery on the grounds of an old gas power plant there, and utility Pacific Gas and Electric Co. built and owns the Elkhorn project next door. A roaring fire engulfed Vistra's historic turbine hall in January, wrecking rows of lithium-ion batteries that delivered 300 megawatts of instantaneous grid power. That site is still in shambles. PG&E's battery plant suffered far less disruption: Hot ash blew over the fenceline from Vistra's property, posing an environmental hazard and potentially clogging batteries' thermal management systems. But after several months of remediation, cleaning, and testing, PG&E was able to flip the switch Sunday to reconnect Elkhorn to the grid. That timing proved fortuitous, as it restored 182.5 megawatts/730 megawatt-hours of storage capacity into the power-hungry Silicon Valley grid corridor right before the region's first major heat wave of the summer. 'The concern was lower in the winter months, with demand lower,' said Dave Gabbard, vice president of power generation at PG&E. 'It will be critical to have assets like Elkhorn available as we get into the peak summer months.' Indeed, California has been building grid batteries at a record pace, to store the state's nation-leading solar generation and deliver it during crucial hours, like after sunset. The tech is displacing some gas-fired power generation in the state. California's battery fleet passed 15.7 gigawatts installed per a May tally, which Gov. Gavin Newsom's office touted as 'an unprecedented milestone.' The governor, a Democrat, did not specify why the 15.7-GW threshold merits particular attention, but it does mean California has added more than 5 GW since it crossed the 10-GW mark a year prior. 'The pace of construction for large-scale energy storage in California is phenomenal, the kind of accomplishment that was beyond our wildest dreams a few years ago,' said Scott Murtishaw, executive director of the California Energy Storage Alliance. The state's battery buildout is plowing ahead. But Vistra's fiery failure sparked deep community concerns about battery safety in California and beyond, as Moss Landing residents were forced to evacuate for several days and plumes of smoke loomed over surrounding estuaries and farmlands. In April, Vistra rescinded an application to build a 600-MW battery in Morro Bay, two hours down the coast from Moss Landing, following significant local resistance that intensified after the January fire. The reset at Elkhorn has rekindled concerns among community leaders who are still grappling with the fallout from the largest-ever battery fire in the U.S., and quite possibly the world. The Monterey County Board of Supervisors had asked to keep both battery plants offline until the Vistra investigation was completed and acted upon. 'Restarting operations before investigations are complete and before stronger emergency protocols are in place is disappointing and deeply troubling,' Monterey County Supervisor Glenn Church posted on Facebook after learning of PG&E's plans in early May. Crucially, PG&E's battery layout, completed in 2022, mitigates the hazards that took out the neighboring Vistra plant, which was completed two years earlier. Officials have not yet pinpointed the cause of Vistra's fire, but it became so destructive because it spread through the densely packed rows of batteries in the old turbine hall, igniting more and more fuel as it grew. By contrast, PG&E's Elkhorn plant spans 256 individual Tesla Megapack containers spaced over the property. 'We have a completely different design,' Gabbard said. 'We have compartmentalized our design so that fire propagation won't occur to adjacent units.' That industry-wide preference for separate, containerized systems doesn't eliminate the chance of battery fires, but it does limit the potential severity. One container might burn, but the fire can't reach all the other batteries. A fire could knock a facility offline temporarily, but it would only eliminate a small percentage of its capacity, Murtishaw said. That stands in contrast to Moss Landing's failure, or the all-or-nothing issues that can occur when a gas-burning turbine malfunctions. 'The technology and standards have changed considerably since the first big batteries,' like Vistra's, Murtishaw said. 'Facilities coming online now are being constructed with newer technologies meeting newer standards. Risk of runaway incidents has decreased dramatically relative to the amount of storage being deployed.' That compartmentalization strategy worked out when Elkhorn suffered its own battery fire in 2022 — the result of water seeping into a unit through an improperly installed roof, Gabbard said. The single unit burned in a contained fashion and did not spread to any other batteries. PG&E restarted the facility three months later, after implementing recommendations from an independent investigation into the cause. Since that incident, PG&E installed air quality monitoring onsite, and heat-sensing cameras that can automatically disconnect the site from the broader grid if they detect fire, Gabbard said. It also upgraded the battery enclosures to automatically discharge stored energy if abnormal behavior is detected. PG&E additionally updated its emergency action plan and instituted annual exercises with the North County Fire Protection District. When Vistra's plant burned up in January, the Elkhorn cameras spotted it and automatically severed the connection to the grid, halting the flow of high-voltage power out of the site. PG&E also made the air quality data available to emergency response teams. The utility then kept Elkhorn offline for the subsequent months to allow for environmental remediation of the soot to keep it out of local waterways, Gabbard said. Workers also cleaned the Megapacks 'outside and inside,' he noted. The main concern was that the ash could have intruded into the systems that cool batteries during operations. Staff pressure-washed all those components and tested their functionality to get the site ready for operations. Another 10 gigawatts of storage are already under contract for California's regulated utilities and community choice aggregators over the next four years, Murtishaw said. That would put the state over 25 gigawatts, well on its way to the current goal of 52 gigawatts by 2045, stemming from the state's clean energy law SB 100. To achieve that goal, the Moss Landing calamity needs to remain an outlier event. There's good reason to believe that will be the case. For one thing, the industry has all but abandoned Vistra's strategy of packing huge amounts of batteries into a single building. California now has 214 grid-scale batteries, and only about 10 of them reside in a building, Murtishaw noted. Those are subject to inspection by the California Public Utilities Commission under a recently expanded authority, he added; in the meantime, owners have stepped up safety measures in response to the Moss Landing news. Small-scale batteries in homes and businesses also count for California's top-line storage goal. They depend on the same core battery technologies as the large-scale storage projects, but as mass-produced consumer items, they go through a different gauntlet of tests before they reach customers. 'The home batteries are tested inside and out, up and down — they undergo rigorous safety testing and certification to standards,' said Brad Heavner, executive director of the California Solar and Storage Association, which advocates for rooftop solar and battery installers. In the state Legislature, Sen. John Laird, a Democrat from the Moss Landing area, introduced a bill in March to systematize coordination between battery owners and local emergency responders, and to fix a timing mismatch so California's fire codes match the latest standards set by the National Fire Protection Association. Murtishaw said the California Energy Storage Alliance supports the measure, which passed out of the Senate last week.
Yahoo
29 minutes ago
- Yahoo
BarEhud Barak: Israel Must Back Trump's Gaza Deal
U.S. President Donald Trump greets Israeli Prime Minister Benjamin Netanyahu as he arrives at the White House on April 7, 2025, in Washington, D.C. Credit - Alex Wong—Getty Images In the coming few days, Prime Minister Benjamin Netanyahu will face a defining choice between a politically motivated "war of deception" in Gaza and a deal to release all hostages while ending the war. He must choose between his extreme-right ministers—Itamar Ben-Gvir and Bezalel Smotrich—or aligning with Donald Trump. There is no symmetry here. Accepting a hostage deal, ending the war, and working with Trump and free world leaders, won't be effortless. Any choice requires detailed negotiations and compromises. But this path is far superior to any realistic alternative. Based on the achievements of the Israel Defense Forces—including damage to Hamas, weakening Hezbollah, destroying Syria's military arsenal during Assad's collapse, and demonstrating Israel's capability to strike deep into Iran—Israeli leadership could, from a position of strength, pursue releasing all hostages simultaneously, halt this senseless war, end the humanitarian crisis, and uproot Hamas from power. This would enable Israel, though belatedly, to join Trump's vision of a New Middle East, including normalization with Saudi Arabia, regional deployment to tackle the Iranian challenge, and participation in the trade corridor project from India through the Gulf to Europe. Choosing a "war of deception" instead—where misleading propaganda presents political warfare as serving Israel's security—would be a grave mistake. It's highly doubtful that continuing the war could produce results different from previous Gaza rounds over the past 20 months. But it would certainly constitute a death sentence for some or most living hostages and deepen the diplomatic tsunami and International Criminal Court claims Israel already faces. This approach might make sense if it could achieve "total victory" over Hamas, but that won't happen. When this new war inevitably halts—under diplomatic pressure, humanitarian crisis, battlefield events, or domestic political developments—we would find ourselves in precisely the same situation as today. To understand, examine recent history. The October 7th barbaric attack created a compelling imperative for Israel to ensure Hamas could never again reign over Gaza or threaten Israel from there. The question was how to achieve this goal. Since Ben-Gurion, Israel has followed four strategic maxims: wars should be aggressive, fought on enemy territory, ended quickly to translate battlefield results into diplomatic and political realities while maintaining international legitimacy, and—extremely important—never lose the moral high ground. That's how we won in 1967 in six days and 1973 in three weeks. Netanyahu has betrayed almost all these principles. Read More: The Israel-Hamas Ceasefire Was Never Going to Last Another strategic maxim, from Clausewitz to Kissinger, holds that war must have a clearly defined, operationally feasible political purpose. As the Roman saying goes: "If you don't know which port you want to reach, no wind will take you there." This maxim was deliberately ignored. Netanyahu has blocked any discussion of this issue since October 7th, 2023. It was clear to any serious observer that Hamas suffered major military blows daily, losing most weapons systems and leadership figures since October 7th. However, since any Hamas group or individual can easily "disappear" within minutes, hiding among the Strip's 2 million civilians and emerging from tunnels or building windows to attack Israelis, their absolute elimination remains a Sisyphean task. Even after 58 years in the West Bank, we never fully eliminated Hamas' presence in Jenin or Tulkarm. The only way to ensure Hamas cannot reign over Gaza and threaten Israel is by replacing it with another governing entity legitimate to the international community, Arab neighbors like Egypt, UAE, and Saudi Arabia, and Palestinians themselves. Practically, this means a temporary inter-Arab force backed by the Arab League, potentially supported by UN Security Council resolution, funded by Saudi Arabia and UAE, with a technocratic government overseeing Palestinian bureaucracy and a new, non-Hamas security body trained by the inter-Arab force under U.S. supervision. Israel would present only two conditions: no Hamas military branch member could participate in the new entity's organs, and the IDF, initially deployed to the Strip's perimeter, would withdraw to the border only after all pre-agreed security benchmarks are met. This plan, easily implementable a year ago, and appearing to save Gaza and Gazans from further destruction, is harder now, because it could be interpreted as saving Israel from sinking into Gazan mud. But the plan remains viable despite the Israeli government's refusal to consider it. Since this is the only practical "day after" plan, there's no sense sacrificing hostages' lives or endangering Israeli troops in pointless warfare. Who can look into the eyes of future bereaved parents, newly widowed spouses, new orphans, disabled and traumatized soldiers, and claim with clear conscience that everything was done to prevent loss, or that it had justification? As long as Israel rejects hostage release and war's end, the risk increases of international initiatives, including Arab neighbors calling for Israel boycotts and steps toward recognition of a Palestinian state by European countries—many of them stable friends of Israel. Read More: I Am a Former Hamas Hostage. Here's My Message to Donald Trump and Benjamin Netanyahu Permanent occupation of the Gaza Strip, population transfer of 2 million Palestinians, and Israeli resettlement on the that land are base and delusional visions that would backfire and accelerate confrontation with the world. Why is Netanyahu, an intelligent, experienced, savvy politician, failing? The answer isn't simple. Netanyahu has ruled since 2015 through an alliance with ultra-Orthodox parties who don't serve in the army and care only about sectoral needs, and since January 2023 added ultra-right zealots believing Gaza resettlement and Palestinian transfer are heavenly orders. He's caught in a dilemma: 80% of the public sees him as primarily responsible for the country's worst day, 60% believe he should resign. A heavy majority perceives his judicial reform, initiated immediately after January 2023 elections, as a "judicial coup d'état"—an attempt to castrate the legislative branch and demolish Supreme Court independence. Many believe the aim of his blatant attack on democracy is to escape his bribery, fraud, and breach of trust court case. For him, any pause in the war—even 60 days, certainly longer—would immediately bring reckoning and accountability: accelerated court proceedings; demands for national inquiry committee investigating October 7th, and events before, during and after; coalition meltdown; and probable disgraced ejection from public life. I believe Netanyahu genuinely wants all hostages home. But when this clashes with immediate threats to his political survival, he prefers leaving them in Gaza. He has already torpedoed several hostage deal opportunities, and seems to be doing it once again over the weekend, by resisting U.S. guarantee to Hamas for an end to the war in exchange for release of all hostages and entering, together with the Trump Administration, into Trump's New Middle East Order (to include the replacement of Hamas, described above). Netanyahu sticks to his eternal war in order to avoid a pause in fighting, which might lead to the end of his political career. This behavior is unacceptable to Israel and Israelis. We are, as former Supreme Court President Aharon Barak wrote years ago, 'defending democracy' that "should be capable of defending itself against those who try to use the very freedoms and tools it provides to destroy it from within." We're led by someone who lost his strategic and moral compass, dragging the nation into war motivated by personal political interests against our security and common future. Israel urgently needs new, sober leadership with clear realistic vision and self-confidence—leadership capable of reading our people's soul, understanding partners' and rivals' minds, and above all, having courage to make decisions and power to implement them. The world will pass judgment. But the burden of bringing Israel back on track is ours—Israeli citizens. I believe we will overcome. This war will end soon, and Israel's worst ever government will be replaced by a responsible, effective one. A long path of repair must follow. Contact us at letters@
Yahoo
29 minutes ago
- Yahoo
Palm Beach Police: 'SIM swap' scam tried to steal more than $200,000 from Palm Beacher
Two Westlake residents have been arrested by Palm Beach Police, who say the pair executed an elaborate financial fraud known as "SIM swapping" that attempted to steal more than $200,000 from a Palm Beach resident. And the scheme could extend far beyond the island, police said. The pair were taken into custody May 28, Palm Beach Police spokesman Capt. Will Rothrock said. A 29-year-old woman faces charges of organized fraud and fraudulent use of personal information of a person age 60 or older, and a 31-year-old man was arrested on a charge of fraudulent use of personal information, according to arrest reports. Both remained at the Palm Beach County Jail on May 29. The woman was held without bond, and a Palm Beach County judge ordered that she have no contact with the Palm Beach resident or the man arrested in the case, according to court records. She also cannot have any devices that can access the internet, and she is not allowed to use the phone except to contact her attorney, court records show. The man's bond amount was set at $350,000, and he also cannot use or have any devices that connect to the internet, court records show. He was directed not to contact the Palm Beach resident or the woman, and while in jail, he cannot use the phone except to contact an attorney, according to court records. If he makes bond, he will be on in-home arrest with a GPS monitor, records show. On April 10, a Palm Beach resident called police to say someone had fraudulently accessed his AT&T and bank accounts, and had tried to transfer money and login to several websites, according to an arrest report. The Palm Beach resident said he received a call on April 8 from someone who said they were with AT&T, and that he needed to validate his phone numbers using a code sent to him via text message, an arrest report said. About 20 minutes after that phone call, phone numbers connected to the resident's AT&T account stopped working, police said. The scam is known as "SIM swapping" or "SIM hijacking," according to the Federal Bureau of Investigation's Internet Crime Complaint Center, also called the IC3. Fraudsters will gain control of a person's phone number and then use it to access their banking and other financial and personal accounts, the agency said. The resident provided the code that he received to the person, but later discovered that the code was used to forward his phone number to a different provider, Verizon, police said. By giving that code to the person who said they were from AT&T, he allowed them to complete the final step to move all three of the phone numbers on his account to the other carrier, police wrote in the arrest report. In 2024, there were 982 complaints of SIM swapping with a total reported loss of $25,983,946, the IC3 said in its annual report. The previous year, 1,075 SIM swapping complaints were made with a reported loss of $48,798,103, according to the IC3. Once the phone numbers were transferred, someone tried to withdraw money and make a wire transfer from the Palm Beach resident's bank account, police said. Someone also successfully took over one of the man's email accounts. Transactions made through the resident's accounts included $2,300 sent via Zelle to a St. Petersburg resident, $77.97 spent at a Circle K in The Acreage, $1,500 in ATM withdrawals, and a $215 Venmo payment, an arrest report said. There was also a $4,006.08 payment made to designer clothing retailer Farfetch U.K., along with Airbnb charges of $2,341.79 and $660, an arrest report said. Because the resident was concerned that his Apple account had been compromised, he used the "Find My" feature on his iPhone, which can be used to locate devices connected to an Apple account, police said. The resident saw an unknown iPhone on Liberty Lane in Westlake and told police that he has never been to that address and has no connections there. A Palm Beach Police detective later drove by that address several times and saw two vehicles, a 2022 black Cadillac Escalade and 2024 gray BMW SUV, parked there. Both vehicles were registered to the 31-year-old man, whose driver's license lists an address in North Lauderdale but who police learned was staying at the house in Westlake with the 29-year-old woman, who shares registration on the BMW SUV. Palm Beach Police detectives discovered that the ATM withdrawals from the resident's account were made at a bank in The Acreage, about 2 miles from the house in Westlake, an arrest report said. On April 9, the Palm Beach resident received a request to wire transfer $138,237, which was unsuccessful, police said. That same day, there was another request for a wire transfer for $82,469. The banker in that case confirmed the wire with who he believed to be the account holder, and the transfer was initiated, police said. However, once the resident received an email to confirm the transfer, he called the bank's fraud team and was able to secure the money, but it could take up to three months to get that money back, the arrest report said. Both wire transfer requests were made to a Pompano Beach resident, police said. The resident hired a private investigator who recovered photos taken by the Liberty Lane-located iPhone after someone took over the resident's Apple account, police said. Data for seven photos show all were taken at that home in Westlake, according to the arrest report. On May 7, a Palm Beach Police detective talked with a person in Las Vegas, Nevada, who had been the victim of a similar scheme and had reported the crime to the FBI. That person gave police about 50 images someone took after gaining control of his Apple account, and officers found data that connected the photos back to the Westlake address. The images provided by the person in Nevada also included photos of driver's licenses, passports, bank account numbers, emails and more, an arrest report said. When Palm Beach Police and the Palm Beach County Sheriff's Office searched the Westlake home on a warrant on May 5, they found the 29-year-old woman and 31-year-old man, along with a Louis Vuitton backpack, three iPhones, two pairs of sunglasses and a yellow notebook with "Work $" written on it, the arrest report said. Inside the notebook, officers said they found bank account details, Social Security numbers, addresses, names and more personal details about more than 50 people in Florida and across the United States. Officers also said they found electronic devices and a ledger that contained the Palm Beach resident's personal information. They also took $15,243 in cash from the woman's bedroom, the arrest report said. Detectives determined that once the couple gained access to a person's phone line, they could "circumvent two-factor authentication and gain access to victims' financial accounts, resulting in substantial unauthorized wire transfers and fraudulent transactions," the arrest report said. Palm Beach has cautioned residents to be wary of potential scams. "Most of these cases nationally go unsolved," Rothrock said. "The work and tenacity that our detectives put into this to follow the leads to the end and bring a successful conclusion are noteworthy." He added that the department is grateful for PBSO's help in the investigation, including to serve the search warrant. "Finding local perpetrators was a rarity and did make the investigation coordination smoother," Rothrock said. Those who believe they may have been victims of the scam should call the Palm Beach Police Department's non-emergency number at 561-838-5454, he said. This story was updated to add new information. Kristina Webb is a reporter for Palm Beach Daily News, part of the USA TODAY Florida Network. You can reach her at kwebb@ Subscribe today to support our journalism. This article originally appeared on Palm Beach Post: Palm Beach 'SIM swap' scam could extend across U.S., police say
