Costco Will Close All Stores for One Day This Month: Here's Why
The company's holiday schedule on its customer service website lists Independence Day among several annual closures, which also include New Year's Day, Easter Sunday, Memorial Day, Labor Day, Thanksgiving Day, and Christmas Day.
Costco's closure for Independence Day is a routine but important part of its operations calendar.
The retail chain is known for its competitive bulk pricing, generous return policy, and member-exclusive deals on a wide range of products, from groceries to electronics.
The store's early closure reminds shoppers to stock up ahead of time on party food, beverages, household items, and even gasoline. Many Costco locations feature member-discounted gas stations that are popular with customers looking to save on summer travel.
Costco stores are expected to reopen on July 5. Business centers and warehouses will resume standard operating hours.
Earlier this year, the retailer announced plans to grow its retail footprint to more than 900 warehouses worldwide.
Although Costco will be closed, many other grocery and retail chains will remain open on July 4, often with adjusted hours. According to USA Today, grocery stores such as Kroger, Giant Eagle, Wegmans, Safeway, and Walmart plan to operate on the holiday, although individual store hours may vary.
Target and Whole Foods will also be open, offering customers alternative options for last-minute purchases or holiday supplies. CVS and Walgreens stores are expected to be open, but pharmacy hours may vary due to the holiday.
Shoppers should verify local store hours online or by calling ahead, especially for regional chains or smaller outlets.
Independence Day commemorates the ratification of the Declaration of Independence on July 4, 1776, when the Continental Congress formally declared the separation of the 13 American colonies from British rule.
Although the vote for independence occurred on July 2, it was the formal adoption of the Declaration's text on July 4 that became a symbolic and celebrated date in American history. The document articulated the colonies' grievances and their justification for seeking autonomy.
The day has since been marked with public festivities, including fireworks, parades, barbecues, and other patriotic displays that honor the birth of the United States.
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Newsweek
an hour ago
- Newsweek
US Electronic Components Still Turning Up in Russian Fighter Jets: Report
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Electronic components manufactured by U.S. companies are still turning up in Russian fighter jets via intermediary trade routes that experts say evade sanctions, a report has found. According to the report, components used to make Russian weaponry and used in attacks against Ukraine originate from American companies, despite efforts by lawmakers to close this loophole. The report was compiled by the International Partnership for Human Rights (IPHR), the Independent Anti-Corruption Commission (NAKO) and media outlet Hunterbrook and shared exclusively with Newsweek. There is no suggestion of wrongdoing on the part of the companies that manufacture parts that end up in Russian fighter jets. A Sukhoi Su-35 fighter jet of the Russian Aerospace Forces is pictured in the course of Russia's war with Ukraine, at an unknown location in 2022. A Sukhoi Su-35 fighter jet of the Russian Aerospace Forces is pictured in the course of Russia's war with Ukraine, at an unknown location in 2022. Newsweek contacted all companies mentioned in this article as well as the Department of Commerce's Bureau of Industry and Security for comment. After Russia invaded Ukraine on February 24, 2022, the U.S. and other Western countries imposed a range of economic and trade sanctions to squeeze Moscow's economy. Companies around the world also left the country to voice their moral opposition to the invasion and to exert economic pressure on Russian President Vladimir Putin's regime. But curtailing the flow of goods in an age of globalization has proved tricky, and Moscow has since managed to bolster its war chest by acquiring Western microchips, semiconductors and other materials that can be used to manufacture weapons via third-party countries to evade U.S. sanctions and export controls. Russia imported $20.3 billion in components associated with military equipment from March 2022 to December 2022, according to an analysis by the KSE Institute—a think tank at the Kyiv School of Economics—obtained by Newsweek. More than 60 percent of the components came from U.S. companies, the report found. A 15-month probe by the U.S. Senate's Permanent Subcommittee on Investigations, led by Connecticut Democratic Senator Richard Blumenthal, found that 40 percent of 2,500 components analyzed in Russian weapons found on the Ukrainian battlefield were made by four U.S. companies: Analog Devices (ADI), Texas Instruments, Advanced Micro Devices (AMD) and Intel. The investigation, which wrapped up in December 2024, criticized these companies and the Department of Commerce, which administers export restrictions, for a lack of enforcement action. The new report analyzed 10 Russian attacks from May 2023 to May 2024 that used SU-34 and SU-35 jets. This included one attack on May 25, 2024, in a Kharkiv hypermarket that killed 19 civilians including six women and two children and injured 54 civilians, and another in October 2023 that killed a 63-year-old man and damaged 14 buildings in Kherson Oblast. In total, the attacks analyzed led to 26 civilian deaths and 109 injuries. In the SU-34 jets, NAKO found 227 components from 59 companies including Analog Device, Murata, Texas Instruments and Intel. Of these, 68 percent (154) came from the U.S. In the SU-35 jets, NAKO found 891 components from 138 companies, with 62.3 percent (555) coming from the U.S. The companies included Analog Devices, Texas Instruments, Murata, OnSemi, Intel and Vicor. To verify the information, NAKO analyzed remnants of downed jets and found the components used in markets. They also used confidential sources. "This is shameful," said Michael McFaul, who served as U.S. ambassador to Russia from 2012 to 2014. "American companies cannot be helping Russian companies build weapons that kill innocent Ukrainians," he told Newsweek, urging the Trump administration to impose sanctions to reduce the transfer of these technologies. Anastasiya Donets, head of the Ukraine Legal Team at IPHR, said in a statement: "Western governments and tech manufacturers must confront the reality: current sanctions and export controls have failed to contain Russia's aggression. Governments must implement harsher sanctions against Russia, and manufacturers must introduce higher due diligence and supply chain control standards to prevent their products' diversion into Russia's weapons. Otherwise, declarations of continued support for Ukraine and condemnation of Russia's atrocities will remain just that, declarations. Falling short of timely and adequate action, they will only encourage protracted violence and atrocities worldwide. Moral imperative considerations aside, stopping Russia's war machine is cheaper than deploying boots on the ground next time Russia invades a neighbouring country. Overwhelming Western intelligence shows it will happen within 5 to 10 years. The time to act is now." Mark Temnycky, nonresident fellow at the Atlantic Council think tank's Eurasia Center, told Newsweek that trading with third-party actors had cleared a path for Russia. "The European Union, the United Kingdom, the United States, and other Western actors maintain normal trade relations with most neutral countries across the globe," he said. "This has created an opening for Russia as some countries in South America, Africa, and Asia serve as third-party intermediaries, re-exporting Western goods and services to Russia. Many restricted goods, including dual-use items, components and technology for weapons, and other forms of equipment, are being sent to Russia from these countries, providing Russia with the material and equipment it needs to continue its invasion of Ukraine. This is why Western components are still appearing in Russian weapons and equipment," Temnycky added. "To stop this from happening, Western countries should impose sanctions on businesses that serve as third parties for Russia. Punishing these organizations will put additional pressure on their decision to aid Russia, and this will help bring a quicker end to Russia's ongoing war in Ukraine," he concluded. The government is moving to curtail the indirect supply chains that help build Russia's armory. In 2024, the U.S. Department of Commerce's Bureau of Industry and Security published a list of 50 items including electrical parts that Russia uses to make weapons to warn industry leaders. The presence of U.S. components in Russian weaponry is not the only way the U.S. has inadvertently supported Putin's war effort. In January, Newsweek revealed that American firms in Russia paid the country $1.2 billion in profit taxes in 2023. Russia's fossil fuel exports also generated $253.8 billion in revenue in the third year of its war in Ukraine, with some income flowing indirectly from Western countries. The U.S. also imported $192 million in oil products from a refinery owned in part by a Russian company sanctioned by the U.S. Amid this technological backdrop, the war prevails. U.S. President Donald Trump—who before assuming office claimed he could halt the war quickly—and Putin spoke on the phone Thursday as efforts to end the war continue. But Trump said he was "very disappointed" by the Putin call and that he did not think the Russian leader wanted to end the war. Ukrainian President Volodymyr Zelensky and Trump are due to speak on Friday. The Pentagon has also announced that it is temporarily halting shipments of certain weapons to Ukraine, while Russia has intensified its military offensive, making significant territorial gains. The war is the largest and deadliest in Europe since World War II.
USA Today
an hour ago
- USA Today
Unusual Social Security email touts Trump bill. Here's what to know.
An email from the agency praised the bill, but only some recipients will see savings. Here's what the legislation means for seniors. Social Security beneficiaries are accustomed to getting occasional emails from the program about matters like a benefits statement, but many were perplexed to get a different kind of message from the Social Security Administration late in the evening on Thursday, July 3. "The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans," the email, reviewed by USA TODAY, said. The message is referring to the legislative package of Trump's priorities for cuts to taxes and spending on social programs that was passed by the House of Representatives earlier that day. Issuing an overtly political statement is unusual for the agency that oversees Social Security, which makes monthly payments to 73 million retirees, their survivors, and people with disabilities. "It's completely unprecedented," said Alex Lawson, executive director of Social Security Works, a left-leaning advocacy organization focused on retirement benefits. "It's an enormous breach of trust." Lawson contends that the email praising Trump's "Big, Beautiful Bill" violates the Hatch Act, a law against partisan political activity by federal government employees. The Social Security Administration did not immediately respond to inquiries seeking clarification. The White House referred USA TODAY's request to SSA. A tax cut for some seniors During his campaign, Trump promised to eliminate income taxes on Social Security benefits. Instead, the just-passed bill − which Trump will sign in the late afternoon on July 4 − creates a $6,000 federal income tax deduction for Americans 65 and older. Since Social Security benefits are often a large part of seniors' income, some portion of those benefits will now be untaxed for those who qualify for the deduction. "It reduces the amount of Social Security benefits subject to tax, but it's not just for Social Security," explains Garrett Watson, senior policy analyst at the Tax Foundation, a center-right think tank. 'This is a historic step forward for America's seniors,' said Social Security Commissioner Frank Bisignano, a former Wall Street executive appointed by Trump. 'For nearly 90 years, Social Security has been a cornerstone of economic security for older Americans. By significantly reducing the tax burden on benefits, this legislation reaffirms President Trump's promise to protect Social Security and helps ensure that seniors can better enjoy the retirement they've earned." There are many Social Security recipients and seniors who won't get a tax cut, however. At the other end of the spectrum, the deduction phases out for individuals making more than $75,000 or couples earning more than $250,000. Less benefit for those with lower incomes "Lower-income earners benefit less than middle and upper-middle income households," Watson said. On average, seniors in the bottom 20% income will save just 0.1% on their tax bill, according to the Tax Policy Foundation's analysis, about one-tenth of what those in the middle of the income distribution will save. "It's been marketed as tax relief for seniors, but a lot of seniors are going to be surprised when they find out it doesn't apply to them," Watson said. "I'm getting asked all the time by folks what this actually means for their tax situation." Social Security's long-term funding problem And while some will soon benefit form lower taxes, the lost tax revenue could trigger a future automatic benefit cut for all beneficiaries. That's because Social Security benefits aren't taxed like normal income. Instead of being used as general revenues, they go specifically into the trust funds that provide a backstop for Medicare and Social Security. The Social Security and Medicare Hospital Insurance trust funds were on track to be depleted by 2033, but now that date will be moved up to 2032, because the senior citizen tax deduction will lop an estimated $30 billion per year off the tax revenues those trust funds collect, according to the Committee for a Responsible Federal Budget. That, in turn, will trigger a future automatic benefit cut of 24% to all recipients, the centrist think tank projects. Those problems will only grow worse, Watson noted, if Congress renews, increases or makes permanent the senior tax deduction, when it expires in 2028. "It's a mixed bag for seniors, because some seniors will get some tax relief; the cost of that, though, is borne by the entire Social Security system," Lawson said. Email comes amid customer-service 'crisis' Critics are pouncing on the message arriving at a time when the Social Security Administration has been suffering from problems with customer service. The Trump administration has reduced the agency's staff and instituted new rules on identification for applicants, resulting in average wait times that have ballooned to 90 minutes. In June, the agency stopped making public real-time performance metrics about how long they will have to wait to reach a live person on the phone, and how long applications for new benefits take to be approved, USA TODAY reported on June 26. Multiple times, USA TODAY reporters called Social Security's 1-800 line they did not reach a live person before the line disconnected with no warning. Contributing: Sarah D. Wire
Newsweek
2 hours ago
- Newsweek
Haas F1 Team Receives Purchase Offers: 'Really pushing'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Haas team principal Ayao Komatsu has opened up on the numerous offers people made in the last 18 months to purchase the American outfit, with some even "pushing" to seal a deal, as Haas enters its tenth year in Formula One. He also highlighted the role of team owner Gene Haas and his dedication to keeping the team on the F1 grid. Komatsu has been a part of Haas since its F1 journey began in 2016, standing by through its highs and lows. The team witnessed huge challenges in the Covid-19-affected year of 2020, with struggles continuing through to the 2023 season when Haas finished last in the Constructors' Championship. Then-team principal Guenther Steiner was ousted ahead of the 2024 season, the year in which Haas witnessed significant progress under Komatsu. The managerial changes and failures from 2023 prompted several parties to approach Gene with offers to buy the team. However, Komatsu emphasized that Gene is passionate about F1 and has no interest in selling the team. Haas F1 Team's British driver Oliver Bearman takes part in the first practice session ahead of the Formula One British Grand Prix at the Silverstone motor racing circuit in Silverstone, central England, on July 4,... Haas F1 Team's British driver Oliver Bearman takes part in the first practice session ahead of the Formula One British Grand Prix at the Silverstone motor racing circuit in Silverstone, central England, on July 4, 2025. More BEN STANSALL/AFP/Getty Images Opening up on his upcoming run with Gene at the Goodwood Festival of Speed in a Haas VF-23 F1 car to celebrate the team's tenth anniversary, Komatsu said ahead of the British GP: "This year when he [Gene] came to Miami, I could see that he actually enjoyed just being there. "He always asks lots of technical questions because he's interested, but that hasn't changed. On top of that, he was just enjoying the occasion. "I thought, wow, I'm going to ask him if he wants to drive in Goodwood. He didn't know much about Goodwood, but now he's driving, he read about it, and he's really excited for him to again experience things like that." Addressing the pushy offers that came Gene's way to acquire Haas, Komatsu added: "Honestly, he's seen lots of changes. He's so engaged now. He understands the details as well. What's the best way to put it? He's always been very passionate about the sport and the result. He always wants us to improve, which is what we need from the owner. He was always behind us. "I don't know everything, but in the last 18 months he's had numerous offers to buy the team. He's not interested. He really enjoys being the owner of the F1 team. Currently one out of 10, from next year one out of 11. That's such a privileged position to be in. "He came in at a time when F1 wasn't like this. He stuck with us during such a difficult period of COVID. Now he's enjoying it. "Honestly, Gene's so committed. He's coming here [to Silverstone], obviously. He's arriving Friday or tomorrow and then staying for Goodwood. He's enjoying it. That's the main thing. "We are grateful that we have such a passionate owner, so committed. He's not interested in selling at all. I can tell you recently I had some people really pushing to buy it, [Gene's] not interested. He got even annoyed that these guys are asking so many times."
