Your portfolio under volatility, Costco earnings, and Trump eyes the IRS

Recent market volatility (^DJI, ^IXIC, ^GSPC) is raising questions about the future of US economic growth, leading investors to reassess their portfolios. Zacks Investment Management client portfolio manager Brian Mulberry joins Wealth host Madison Mills to discuss these developments and their impact on investment strategies. Costco (COST) shares are trading lower after the company's fourth quarter earnings miss. The wholesale retailer's CFO Gary Millerchip warns of consumer caution amid inflation and tariff concerns. Yahoo Finance Senior Reporter Brooke DiPalma joins Wealth with Madison Mills to take a closer look at Costco's results and the stock's performance compared to competitors like BJ's (BJ), also examining how tariffs and food inflation are impacting Costco's products, such as eggs and cocoa seeing price increases. In the midst of the 2025 tax season, reports point to the Trump administration considering laying off half of the Internal Revenue Service's (IRS) workforce, amounting to 45,000 job cuts. Yahoo Finance consumer affairs reporter Jordan Weissmann explains out what these federal worker layoffs could mean for Americans' tax-filing process. Yahoo Finance’s Wealth helps you manage your financial life from retirement planning to preparing your taxes. Find this and other episodes of Wealth at https://finance.yahoo.com/videos/series/wealth/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Wealth is hosted by Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices