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Costco received $184 million in tariff refunds after the Supreme Court struck down President Trump’s emergency tariffs, including $174 million in refunded duties and $10 million in interest. The retailer says it has used much of the money to lower prices on everyday products like produce, meat, beverages, home furnishings and hardware. Costco expects to receive more than $500 million in total tariff refunds and plans to continue reinvesting the majority of those funds into lower prices for members.

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Nvidia shares reached $237.87 today, the first record since May. Nvidia is now worth about $5.7 trillion. Morgan Stanley named Nvidia its top semiconductor pick. The company also has a record buyback plan, and demand for AI is still strong. Today's weak jobs report helped too. It lowered rate-hike fears and lifted tech stocks across the board. At $5.7 trillion, Nvidia is worth more than most countries' entire economies.

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Anthropic, the company behind Claude, is aiming to go public before Thanksgiving. Reports say it's seeking a valuation of about $2 trillion, and the offering could raise more than $100 billion. 📈 Revenue grew 12x to nearly $4.6 billion in 2025 📉 It also lost more than $8 billion on an operating basis Separately, Broadcom may lend Anthropic up to $42 billion to lease its chips. That's adding to worries about "circular" deals, where AI companies fund each other's spending. So can regular investors get in? Right now, no. Anthropic is still private, and it hasn't said whether any IPO shares will be set aside for retail investors. SpaceX reportedly reserved up to 30% of its IPO for retail, so many traders are watching to see if Anthropic does the same.