Business, Commodities & Shipping News 2026

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Iran Conflict :: Fitch Ratings

Commentary and credit rating actions related to ongoing conflict in Iran, it’s impact on the Middle East region, as well as analysis of the implications for the global economy and financial markets around the world.
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He earns $33 an hour as a Costco cashier. Now he’s a millionaire.​

TUSCON, Ariz.—Costco cashier Tony Barzar unloaded his lunch in the breakroom, clocked in and headed for the checkout, just as he has for much of the past four decades.

That day, like most days, the 60-year-old Barzar was assigned to the self-checkout area, a cluster of six registers. At 9:02 a.m., the first shoppers were ready to ring themselves up.

“Right here, ma’am!” Barzar said, gesturing for a customer in line to move to an open register. “How ya doing today, sir? Find everything alright?” he said to another as he circled the registers with a scanning gun.

Long-tenured workers like Barzar are Costco’s secret weapon. They are reliable and experienced, able to speed shoppers through a checkout line and serve as mentors to newer workers, passing down the company’s unique culture, Costco executives say.

More:

https://www.msn.com/en-us/money/com...-s-a-millionaire/ar-AA27vpPJ?ocid=socialshare
 

Jersey Mike’s $12 billion IPO filing reveals a $50 million payday for the founder’s stepson and a $41 million jet​

Jersey Mike’s has filed for an initial public offering, and its disclosures reveal just how much its founder and former CEO Peter Cancro and his family collected in compensation and other perks.

The sandwich chain’s Form S-1 prospectus filed last week shows Cancro’s stepson Phillip Sivolobov received $50.5 million in compensation from the restaurant between 2023 and 2025. Cancro’s brother John Cancro received about $21 million in compensation over the same period and brother-in-law Daniel Powers amassed more than $31 million from fiscal 2024 to 2025. According to the filings, the family members were “employed by the Company in various roles.” They did not receive any payment from the company in the 13 weeks leading up to March 29, the end of the first quarter of fiscal 2026.

More:

https://www.msn.com/en-us/money/com...a-41-million-jet/ar-AA27A5ro?ocid=socialshare
 
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