Why hosting a July Fourth pool party may cost less this year
The total price to buy beach towels, a beverage cooler, bathing suits and other accountrements of summer fun averaged $858 in June, the lowest amount for the month since 2020, consumer data provider Numerator said in an analysis prepared for The Associated Press.
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Yahoo
9 minutes ago
- Yahoo
Tariffs Hit Hard: Constellation Brands Faces $20M Blow
Constellation Brands (NYSE:STZ) is bracing for a $20 million hit over the next three quarters, driven by aluminum tariffs tied to President Trump's 50% duty on imported cans. The added cost won't show up in Q1 results, which ended May 31, but CFO Garth Hankinson confirmed it'll start chipping away at margins starting this quarterabout 20 basis points, to be exact. Since most of the company's beer is packaged in aluminum, and not exempt like other alcohol imports from Mexico, the financial impact looks tough to fully offset. Warning! GuruFocus has detected 3 Warning Sign with STZ. The tariff pain comes at a time when beer demand isn't doing any favors either. CEO Bill Newlands told investors that while overall interest in beer hasn't faded, the number of social occasions where people actually drink it hasboth at restaurants and at home. That shift, paired with rising input costs, could pressure the company's largest earnings engine: its beer business. It's a double-whammy of softer volumes and higher costs, which could make profitability a lot harder to defend going forward. And yet, investors didn't flinch. Shares climbed 4.7% at 12.59pm, trimming the year's losses to around 33%. The move suggests the market may have already priced in the bad newsor is betting management can absorb the blow without derailing the broader strategy. But with margins thinning and demand dynamics evolving, this could be a space to watch closely in the second half of the fiscal year. This article first appeared on GuruFocus.
Newsweek
9 minutes ago
- Newsweek
Is the Stock Market Open on Fourth of July? What to Know
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. As Americans celebrate Independence Day with fireworks and parades, many businesses and services will alter their hours or close altogether for the Fourth of July. Is the Stock Market Closed Today? As is standard practice, U.S. stock markets will be closed on Friday in observance of Independence Day. The New York Stock Exchange and Nasdaq closed early on Thursday and will remain closed on Friday. Investors should also note that the U.S. bond market closed early on Thursday and will remain closed on July 4, per the Securities Industry and Financial Markets Association. After returning to normal hours Monday, Wall Street's schedule will remain unchanged until September, when markets close for Labor Day. What Else Will Be Closed on the Fourth of July? Most federal, state, and local government offices will remain closed for the holiday. This includes post offices, so regular mail delivery USPS will be paused, and priority mail will be the only service in operation. FedEx and UPS will also suspend their delivery services, although some urgent shipments—through FedEx Custom Critical and UPS Express Critical—will still be available. UPS and FedEx office locations will be closed or have modified hours, and customers are encouraged to check with their local branches regarding availability. Wall Street sign hangs next to the New York Stock Exchange on Monday, June 30, 2025, in New York. Wall Street sign hangs next to the New York Stock Exchange on Monday, June 30, 2025, in New York. Yuki Iwamura/AP Photo Banks including Bank of America, Wells Fargo and Capital One will be closed as well, though ATMs and digital banking will remain in service. Public libraries, courts, as well as many city and town offices will also shut their doors for the holiday. Will Shops Stay Open? Many retailers and grocery stores will remain open on the Fourth of July, though some may operate on different hours. Major retailers, stores and restaurant chains including Walmart, Starbucks and McDonald's confirmed to USA Today that they will still be serving customers during the holiday. Target, Home Depot and Lowe's also confirmed that they would be operating at regular hours on Friday. However, Costco has announced on its website that all of its warehouse locations will be closed for the Fourth of July. CVS will remain open, though some locations will operate on holiday schedules. Most Walgreens locations are expected to stay open as usual, though operating hours may vary by location. What Happens Next To mark the 250th anniversary of the country's founding next year, President Donald Trump has already kicked off a yearlong series of celebrations with a parade in Iowa. Earlier this year, the president created a specialized "Task Force" to "to plan, organize, and execute" the celebrations that will mark the occasion.
The Verge
10 minutes ago
- The Verge
xAI gets permission to pollute.
xAI gets permission to pollute. Elon Musk's AI company has been granted a permit for 15 natural gas turbines to power a Memphis data center , along with limits on their emissions, which include smog-forming nitrogen oxides and carbon monoxide. The company has been accused of running the generators without permits for almost a year, and the Southern Environmental Law Center claims there are many more than that — raising the question of whether xAI will really stop at 15 now.
