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1 year ago

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Costco shoppers will relish this news.

The wholesale retail store’s beloved $1.50 hot dog combo will remain available at that dirt-cheap price — at least for now, Costco’s new chief financial officer confirmed on Thursday.

CFO Gary Millerchip said he wanted to confirm the $1.50 hot dog price is safe, CNNs Nathaniel Meyersohn reported.

The franks have been a longstanding customer favorite staple at Costco, and the $1.50 hot dog-soda combos price has remained unchanged since 1985 thanks to a pledge made by the grocers founders.

In a 2018 interview, then-CEO Craig Jelinek recalled a conversation in which since-retired CEO Jim Sinegal threatened to kill him if he changed the hot dog combo price.

If you raise the effing hot dog, I will kill you. Figure it out, Sinegal told him.

When former CFO Richard Galanti stepped down in March after decades at the helm, rumors circulated that the price of the hot dog combo might finally catch up with the times. 

However, Millerchips comments suggest that the price will remain unchanged for the time being.

Costco also began attempts to crack down on non-members dining at the food court and take advantage of the retailers bargain prices, beginning in April.

Costco, which operates 871 warehouses across the US and Puerto Rico, rakes in around $4 billion-plus per year from the fees associated with its membership cards. Official policy allows anyone with a membership card to bring up to two guests with them on each visit.

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BIS taps IMF digital money chief and CBDC backer as new head of Innovation Hub

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2 hours ago

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November 26, 2025

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BIS taps IMF digital money chief and CBDC backer as new head of Innovation Hub

The Bank for International Settlements (BIS) has appointed Tommaso Mancini-Griffoli, one of the world’s most influential economists on digital money, as the next head of the BIS Innovation Hub, effective March 2026.

The BIS said Tuesday that Mancini-Griffoli will “lead work to explore technological solutions within the central bank community on innovation.” His mandate is expected to include ongoing work on central bank digital currencies (CBDCs), tokenized assets and new forms of market infrastructure.

Mancini-Griffoli currently serves as the assistant director in the International Monetary Fund’s Monetary and Capital Markets Department, where he leads work on payments and currencies. He’s one of the IMF’s most prominent voices advocating for regulated and publicly backed digital money models and has previously warned about the risks of unregulated stablecoins. 

The appointment comes as the BIS Innovation Hub ramps up major projects, expanding its influence across its global centers. The Hub has become a venue for testing blockchain-inspired settlement systems and digital currency prototypes. 

For the crypto space, the move signals that the BIS may steer digital asset innovation toward regulated tokenized money, a direction that could shape how central banks assess private blockchain infrastructure and stablecoins.