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.
Eldridge, a 20-year-old first baseman who was No. 29 in the latest prospect rankings by ESPN’s Kiley McDaniel, will seemingly fill the role vacated by fellow left-handed hitter Dominic Smith, who went on the injured list because of a hamstring strain over the weekend.
The 16th pick out of high school in 2023, Eldridge surged in Double-A at the start of the season and was slashing .249/.322/.514 with 18 homers, 88 strikeouts and 28 walks for the Giants’ Triple-A affiliate. His strikeout rate remained high of late, but his production improved over these past 17 games, during which he boasted a .294 batting average with 10 extra-base hits.
The Giants were using Rafael Devers at first base and designated hitter, with Smith and the right-handed-hitting Wilmer Flores essentially platooning at the other spot. Eldridge will be playoff eligible.
After acquiring Devers in the middle of June, the Giants went 13-22 heading into the trade deadline at the end of July, prompting the front office to deal veteran players. As of Aug. 22, the Giants were seven games below .500 and 7½ games out of the final National League wild-card spot, but they have since won 14 of 20 games and trail the slumping New York Mets by only 1½ games with 13 remaining.
Soroka will be used as a reliever. The Cubs acquired Soroka from Washington at the trade deadline and planned to use him as a starter.
However, Soroka pitched just two innings in his Cubs debut against Cincinnati on Aug. 4 and left because of a right shoulder strain. Soroka made a rehab appearance with Triple-A Iowa and allowed one run in 2⅓ innings.
Soroka is 3-8 this season with a 4.86 ERA in 17 starts.
Right-hander Ben Brown was optioned to Iowa in a corresponding move. He is 5-8 with a 5.92 ERA in 25 games, including 15 starts.
Cubs closer Daniel Palencia threw off the mound for the first time since going on the IL on Sept. 8 because of a right shoulder strain. He has converted 22 of 25 save opportunities and has a 3.00 ERA in 52 games.
Designated hitter Seiya Suzuki was not in the lineup Monday because of bronchitis.
The Cubs hold the first wild-card position in the National League.
Enel North America and food and snacks giant Mars have signed a massive clean energy deal that will power up Mars’s operations with Texas solar.
The two companies completed a power purchase agreement (PPA) for the full output – all 851 megawatts (MW) – of three Texas solar farms. Together, those plants are expected to deliver 1.8 terawatt-hours of electricity annually, the equivalent of enough electricity to power 150,000 homes. That makes this Enel’s largest corporate PPA worldwide.
Michele Di Murro, CEO of Enel North America, said the deal “shows how renewables are among the fastest and most affordable solutions to meet the nation’s energy needs. Through these agreements, we’re adding clean capacity to the Texas grid while supporting a leading manufacturer’s sustainability goals.”
For Mars, the move goes beyond just greening its own factories. Kevin Rabinovitch, global VP of sustainability at Mars, explained that this PPA “lets us bring demand for all the electricity used in our value chain to the clean energy market in a highly efficient manner. The more demand we create together, the faster we can build the future we all want.”
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All three solar farms will use sheep grazing to manage vegetation, a dual-use practice Enel has scaled through the largest solar grazing agreement in the US.
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