Business Longreads for the Week of June 8, 2013

From an in-depth look at the success of retailer Costco to the potential new real estate bubble, The Daily Beast brings you the best in business journalism from the week of June 8, 2013.

06.09.13 8:45 AM ET

Shopping carts sit outside the Costco store in Nashua, N.H.  Costco's fiscal second-quarter net income climbed 39 percent as it pulled in more money from membership fees, improved sales and recorded a large tax benefit. The wholesale club operator earned $547 million, or $1.24 per share, for the period ended Feb. 17. That compares with $394 million, or 90 cents per share, a year earlier.

Charles Krupa/AP

An article in Bloomberg Businessweek examines Costco’s success.

"Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World"

Brad Stone, Bloomberg Businessweek

As other major retailers struggle with plummeting sales and labor strikes, Costco has become synonymous with both business success and employee satisfaction.

A ticket taker tears a ticket for a Tennessee Titans game.

Mark Humphrey/AP

An article in The New York Times Magazine argues that the scalping industry indicates that event tickets cost far below market value.

"The Secret Science of Scalping Tickets"

Adam Davidson, The New York Times Magazine

The scalping industry has long befuddled economists. While concert tickets seem far more expensive than they used to be, there is still a whole industry of scalping, which means the tickets are still far below market value.

"Lending in the Cloud: Man Behind First Web Bank Is Back

Sean Sposito, American Banker

Chip Mahan and a series of other small bankers are breaking the traditional mold and lending nationwide. Their gambit? That new cloud-computing technology will irrevocably change the community banking system.

"How the Robots Lost: High-Frequency Trading's Rise and Fall"

Matthew Philips, Bloomberg Businessweek

Once the talk of the town, high-frequency trading receded in trade volume for the first time this past year, and the proft margins have become smaller and smaller.

A sold home in a subdivision in Riverview, Fla.

Chris O'Meara/AP

A sold home in a subdivision in Riverview, Florida.

"Wall Street Buying Adds to Housing Boom. Is a New Bubble on the Way?"

Morgan Brennan, Forbes

While the big money flowing into the real estate sector has propped up a beleaguered industry, time will tell if this will create another housing bubble.