Costco seeks price cuts from Chinese suppliers amid tariffs

Costco is pushing for price cuts from its Chinese suppliers as U.S. tariffs affect costs. This move aligns with Walmart's similar strategy. The goal is to help manage rising expenses amid a challenging economic environment. In other news, Taco Bell is collaborating with Nvidia to develop new AI technology. This partnership aims to enhance its restaurant operations globally. Nike is showing signs of improvement. The company’s new CEO, Elliot Hill, credits the turnaround to a renewed focus on sports. The latest fiscal quarter saw better-than-expected earnings. Egg prices have decreased significantly, but consumers might not notice lower prices at the store just yet. Amazon's Big Spring Sale is set to take place from March 25 to 31. This event offers shoppers an opportunity to find deals across various categories. However, Amazon's Haul, which aims to provide low-cost products, is struggling to keep pace with competitors like Temu and Shein. In California, Starbucks has been ordered to pay $50 million to a delivery driver. The driver suffered severe burns from a hot tea spill during a drive-through incident. The market is seeing intense competition. Temu and Shein, two fast-fashion brands, are striving to challenge Amazon's dominance in the U.S. Lastly, many retailers and restaurants, including Forever 21 and Hooters, are facing bankruptcies in 2025. Food prices at casual dining chains continue to rise, outpacing the national inflation rate.