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Bold Names Season 3

Bold Names Season 3

WSJ's Bold Names podcast brings you conversations with the leaders of the bold-named companies featured in the pages of The Wall Street Journal. Hosts Tim Higgins and Christopher Mims speak to CEOs and business leaders in interviews that challenge conventional wisdom and take you inside the decisions being made in the C-suite and beyond.
In the first episode of Season 3, we're joined by Rajiv Shah, president of the Rockefeller Foundation and former head of USAID. Shah has spent his career on the front lines of the fight against global poverty. That gives him unique insight into the rapidly changing world of foreign aid and philanthropy. How are NGOs attempting to fill the funding gaps left as the Trump administration turns inward?

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Why Costco's Kirkland Signature Bacon, Egg, And Cheese Sandwiches Almost Didn't Happen
Why Costco's Kirkland Signature Bacon, Egg, And Cheese Sandwiches Almost Didn't Happen

Yahoo

time2 hours ago

  • Yahoo

Why Costco's Kirkland Signature Bacon, Egg, And Cheese Sandwiches Almost Didn't Happen

Costco's Kirkland Signature brand has hundreds of items that people regularly rely on, from clothing to cleaning products to frozen foods. The brand itself (which is the only private brand at Costco) brought in over $85 billion in sales last year for Costco, per The Wall Street Journal, which means we're not the only ones who love the Kirkland Signature organic pure maple syrup or the Kirkland Signature organic coconut water. Meanwhile, one of Kirkland's most iconic items -- the bacon, egg, and cheese breakfast sandwich -- almost didn't happen, and you can blame Costco's CEO. Perhaps we should say "thank" the CEO, since he did eventually approve the breakfast item, but not before putting up a fight. In an interview with the Wall Street Journal, Costco CEO Ron Vachris revealed that when his team approached him about the Kirkland Signature Breakfast Sandwich, he told them no. He appreciated the idea but wanted to ensure that the Kirkland Signature item would "exceed" the national brand for breakfast sandwiches already performing so well in the market. Vachris recognized that the highest value item in the sandwich was the protein (the bacon), so he asked the buyer to partner with the supplier to improve the quality. The buyer ended up adding 40% more protein (more bacon) to the breakfast sandwich while still maintaining the item's original price point. Vachris was happy with the changes and officially approved the item for the market. Read more: 7 Costco Kirkland Brand Frozen Meals, Ranked Worst To Best Customers have made it clear just how much they enjoy the Kirkland Signature bacon, egg, and cheese breakfast sandwiches, touting on Reddit how they are "really good and priced very well." There's apparently even a correct way to cook Costco's Kirkland Signature Breakfast Sandwiches. People also say that the spiral butter croissant stuffed with applewood smoked bacon, cage-free eggs, and gooey cheese is comparable to the Starbucks breakfast sandwich, with one customer on Reddit calling it a perfect "dupe." The sandwiches come in a pack of eight for about $15.99, making them cheaper per sandwich than the coffee giant's similar breakfast favorite, its Double-Smoked Bacon, Cheddar & Egg Sandwich, which goes for $5.75. In the grand scheme of Kirkland Signature production, CEO Ron Vachris is the final voice when it comes to approving or denying new items. Everything that the Kirkland Signature team comes up with hits his desk before it goes into production, and by now, we know that he's not afraid to stamp items with a big red "nope" if he doesn't think it meets Costco-level quality. That picky mentality has led to billions of dollars of success for the Kirkland Signature brand, making it a name that customers trust for high-quality products at a lower price point than rival big-name brands. Read the original article on Tasting Table.

Treasury Yields Little Changed Ahead of May CPI
Treasury Yields Little Changed Ahead of May CPI

Wall Street Journal

time2 hours ago

  • Wall Street Journal

Treasury Yields Little Changed Ahead of May CPI

0907 ET – U.S. bond benchmarks are little changed from Friday, as trade and budget negotiations continue ahead of inflation data and Treasury auctions. U.S. and China officials are meeting in London to discuss tariffs. Republican senators are yet to agree on a budget bill, keeping alive worries about fiscal deficits. Markets will watch long-term Treasurys auctions this week for potential signs of weakening demand. Economists surveyed by WSJ expect May annual CPI, due Wednesday, to accelerate to 2.5% from 2.3%, and to 2.9% from 2.8% in the core reading. The 10-year Treasury yield is at 4.513% and the two-year at 4.031%. ( @ptrevisani) 1056 GMT – U.S. Treasury yields fall, reversing Friday's rise after better-than-expected U.S. jobs data. Yields around 5% for 30-year Treasurys, 4.5% for 10-year Treasurys and 4.0% for two-year Treasurys could attract buyers, Pepperstone's Michael Brown says in a note. These levels have 'proved attractive to dip buyers in recent weeks.' However, investors are cautious ahead of this week's U.S. bond auctions, especially Thursday's sale of 30-year Treasurys, given U.S. fiscal concerns, he says. Three-year Treasurys will also be auctioned Tuesday and 10-year Treasurys on Wednesday. The 30-year Treasury yield falls 1 basis point to 4.953%; the 10-year yield falls 2 basis points to 4.488%; the two-year yield falls 3 basis points to 4.012%, Tradeweb data show. (

Ripped Job Market Swipes Left on New Grads
Ripped Job Market Swipes Left on New Grads

Yahoo

time5 hours ago

  • Yahoo

Ripped Job Market Swipes Left on New Grads

Youth is a wonderful thing. Unless you're looking for work. A much-anticipated jobs report from the US Labor Department on Friday showed that employers added 139,000 workers in May. It's a cooldown from the 147,000 jobs added in April but above the 125,000 figure that economists surveyed by The Wall Street Journal had expected. That keeps the unemployment rate at 4.2%, still near historic lows. Just don't rub that stat in the face of the recent grads in your life, who, in all likelihood, are struggling to score their first gigs. No, it's not because they're obsessively playing their new Nintendo Switch 2 instead of scouring LinkedIn — this is simply a historically tough labor market for entry-level job seekers. READ ALSO: Wall Street's Elite Get Serious About Debt Alarmism and Consumer Goods Giants Slim Down to Spur Growth For the first time in decades, recent grads have a higher unemployment rate than the rest of the economy. Indeed, the unemployment rate for recent college-educated job seekers aged 22 to 27 reached 5.8% in March, according to a recent survey from the Federal Reserve Bank of New York that noted the job market has 'deteriorated noticeably' for the group. In another telling stat, according to a recent study from Oxford Economics, the recent grad cohort has seen its unemployment rate increase at about triple the pace of the national average; it's now notably elevated compared with pre-pandemic years. Their non-degree-holding peers, meanwhile, have seen unemployment track nearly evenly with the national average. So what gives? It's likely that some healthy competition — both old and new — is keeping Gen Z stuck on the sidelines (and, sure, in their parent's basements, probably playing a little too much of the new Mario Kart): While corporate job cuts have started to spike in recent weeks, the layoff rate had been hovering around historic lows for months — causing what some call a 'no hire, no fire' labor market that effectively kept entry-level job seekers on the sidelines as employers held onto current workers. At the same time, entry-level job seekers are the first group attempting to enter the workforce in the age of artificial intelligence, and the computers may be outperforming them. That seems to be particularly true in the tech sector; while computer science programs ballooned in size in recent years, tech firms have significantly scaled back hiring — especially as AI proves particularly adept at coding. Fed Up: That tough job market may yet come for everyone else, too. 'We expect more slowing over the course of the year,' Barclays' Chief US Economist Marc Giannoni told the Financial Times last week, while noting Friday's job report is likely another data point solidifying the Fed's wait-and-see approach to cutting rates (even though the White House made known its desire for a 'full point' cut following the report's release). Futures traders now see a 99% chance that the Fed maintains current rates this month, according to CME Group's FedWatch tracker, though odds of a 50 basis-point cut by the end of the year edged up to 39% on Friday. Meanwhile, traders on prediction market Kalshi pegged those odds at just 26%. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.

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