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Wednesday, 23 July 2025

Costco returns raise eyebrows

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Also: Did tariff stock sales break ethics rules? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Jul 23 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Evelyn Juarez is a proud, card-carrying executive member of Costco. She jokes it's the only black card she owns. 

Juarez had never returned a purchase. But then her 2-year-old daughter smuggled a bucket of slime into the living room and slopped the blue goo on her ivory-colored rug. 

Juarez tapped Costco's famous no-questions-asked return policy, which has become the subject of spirited online debate.

Did stock sales violate ethics rules?

Several top Trump administration officials sold off stock market holdings in the days leading up to the president's announcements of sweeping tariffs that sparked fears of a global trade war and rattled financial markets.  

Sales by top officials, including Cabinet members, their deputies and senior White House officials, were clustered in two 10-day periods leading up to President Donald Trump's major tariff announcements Feb. 13 and April 2, according to a USA TODAY analysis of 20 officials' publicly available transaction forms.  

📰 More stories you shouldn't miss 📰

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🍔 Today's Menu 🍔

Earlier this month, President Trump announced that Coca-Cola had agreed to switch to sugar in its sodas. Critics alleged it was a diversion: Trump wanted to change the subject away from the Epstein files. And the company's reticent response suggested the whole thing was news to them.

Now, however, Coca-Cola is embracing the president's narrative.

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

A customer carries back a mattress to Costco warehouse store in Toronto, Ontario, Canada September 14, 2018.

One of Costco's most popular perks is its "risk-free 100% satisfaction guarantee" return policy. It's also one of its most controversial.

President Donald Trump speaks during a trade announcement event in the Rose Garden at the White House on April 2 in Washington, DC. Touting the event as
 

Top Trump officials' stock sales clustered before tariff news

Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.

Coca Cola cans are pictured in a supermarket in Bayonne, New Jersey, on April 8, 2025. A new Coke coming in fall in the U.S., will be made with cane sugar rather than high fructose corn syrup.
 

Coca-Cola to add new drink made with cane sugar after Trump's push

A week after President Trump said Coca-Cola would change its recipe and drop high fructose corn syrup, Coke says it has a new drink coming.

President Donald Trump delivers remarks during a reception with Republican members of Congress at the White House in Washington, DC on July 22, 2025.
 

Trump announces 'massive' Japan trade deal

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

A shot of a dining area in the John Hancock home in Boston, which is now on the market with Landvest realty.
 

Patriot John Hancock's historic Boston home is on the market. Take a look

John Hancock was first to sign Declaration of Independence, the first governor of Massachusetts and president of the Second Continental Congress.

President Donald Trump delivers remarks during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025 in Washington, DC.
 

Donald Trump floats eliminating this tax on home sales

"We are thinking about no tax on capital gains on houses," Trump said during an Oval Office meeting with the president of the Philippines.

Packaged of ground beef are displayed at a Safeway store on May 02, 2024 in San Anselmo, California.
 

Planning to grill burgers soon? It's going to cost you this summer.

Supply constraints and high demand have driven up beef prices. Experts warn that it could take years to rein prices back in.

Two people at a laptop.
 

Social Security cuts could begin by 2034. Here are 3 things to do now

Lawmakers have options they can explore to prevent an unwanted scenario. But it's important to brace for cuts if you're already retired.

President Donald Trump speaks during a meeting in the Oval Office at the White House in Washington D.C., on June 27, 2025.
 

Trump didn't kill taxes on Social Security, despite what you've heard

Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.

USA TODAY
 

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