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This fast-selling item continues to be a goldmine for Costco.  

The members-only retailer sold a jaw-dropping $100 million worth of one-ounce gold bars in its latest quarter as buyers continue to swoop up the blingy blocks, the companys CFO Richard Galanti said in an earnings call this week, according to Business Insider.

He said patrons were exchanging their dollar bills for gold bars when reportedly asked what consumer trends Costco was seeing this holiday season.

Galanti has previously told investors that gold bars were a big hit.

He said in an earnings call earlier this fall that gold bars sell out within a few hours of appearing on the retail giants website.

In an effort to keep the gold in stock, Costco members are only allowed to purchase two bars each and can only buy them online — but the buying frenzy hasn’t shown any signs of slowing.

The bars, from South Africa, are 24-karat gold and are not refundable. Each one is individually stamped with a unique serial number, according to Costcos website.

While the price was not publicly available on the stores website Thursday, gold was trading at $2,035 per ounce during the Thursday earning call, Business Insider reported. 

With Post wires

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Crypto rules for mortgages must reflect self-custody reality

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Crypto rules for mortgages must reflect self-custody reality

Crypto rules for mortgages must reflect self-custody reality

The FHFA directive on crypto in mortgage risk assessments risks excluding self-custodied assets, potentially increasing counterparty risk for homebuyers.

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Technology

Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

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Nvidia CEO Jensen Huang sells an additional .94 million worth of shares

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.

I-hwa Cheng | Afp | Getty Images

Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. 

Friday’s sale is part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to a separate SEC filing. The CEO began trading stock per the plan last month.

Surging demand for AI and the graphics processing units that power large language models has significantly boosted Huang’s net worth and pushed Nvidia’s market capitalization beyond $4 trillion, making it the world’s most valuable company.

Nvidia announced this week that it expects to resume sales of its H20 chips to China soon, following signals from the Trump administration that it would approve export licenses. Earlier this year, U.S. officials had stated that Nvidia would require special permission to ship the chips, which are specifically designed for the Chinese market.

“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement on Tuesday. Huang said during a news conference on Wednesday in Beijing that he wants to sell chips more advanced than the H20 to China at some point.

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Science

Hubble Uncovers Multi-Age Stars in Ancient Cluster, Reshaping Galaxy Origins

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Hubble Uncovers Multi-Age Stars in Ancient Cluster, Reshaping Galaxy Origins

Astronomers call ancient star clusters like NGC 1786 “time capsules” for their galaxy, preserving some of its oldest stars. A new image from NASA’s Hubble Space Telescope offers an unprecedented close-up of this dense cluster 160,000 light-years away in the Large Magellanic Cloud. Hubble’s data show that NGC 1786 contains stars of different ages – a surprising find, since such clusters were once thought to hold a single stellar generation. This multi-age discovery is reshaping our view of how galaxies built their first stars, and suggests more complex early history.

Mixed-Age Stars in a Galactic Time Capsule

According to the official source, this Hubble image shows the globular cluster NGC 1786, a ball of densely packed stars in the Large Magellanic Cloud about 160,000 light-years from Earth. Astronomers captured this picture as part of a program comparing ancient clusters in nearby dwarf galaxies (like the LMC) with clusters in our own Milky Way. The surprising discovery is that NGC 1786 hosts stars of multiple ages. In fact, astronomers expected all stars in such a cluster to form at the same time, so finding multiple stellar generations was unexpected. This suggests even ancient clusters in other galaxies have more complex, layered histories than scientists expected.

Clues to Galaxy Evolution

For astronomers, the discovery provides clues to galaxy formation. Each globular cluster is like a snapshot of its galaxy’s past, so finding multiple stellar generations implies the Large Magellanic Cloud built its stars in stages rather than all at once. By comparing NGC 1786 to clusters in the Milky Way, researchers can retrace how both galaxies assembled their oldest stars. As one NASA scientist notes, this study “can tell us more not only about how the LMC was originally formed, but the Milky Way Galaxy, too”. Overall, the discovery supports a picture of gradual galactic growth through multiple waves of star formation and mergers, rather than a single early burst.

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