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CNN
an hour ago
- CNN
What's open and closed on July 4, 2025
As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government offices, banks and some businesses will be closed, so it's worth checking what's open before heading out. This year, the Fourth of July will fall on a Friday. Target and Walmart locations will be open during their regular local hours. Most grocery stores under Kroger — which includes Fred Meyer, Dillons, Food 4 Less, Ralphs and QFC — will be open during their regular hours on July 4. However, store hours may vary by location. Whole Foods, Wegmans and Food Lion will also remain open as usual, while Trader Joe's will close early at 5 p.m. ALDI stores will close at 4 p.m. Sam's Club will be open from 8 a.m. to 6 p.m. for Plus members and from 10 a.m. to 6 p.m. for Club members. Costco warehouses, however, will be closed for the holiday. Make sure to check with local retailers and restaurants for their Independence Day hours before visiting. Most TJ Maxx, HomeGoods and Marshalls locations will be open until 8 p.m. Nordstrom, JCPenney and Macy's will operate under normal business hours. Dollar General and Dollar Tree will also be open, though hours may vary. Beauty retailers Sephora and Ulta Beauty will remain open if you're in need of a last-minute skincare or makeup run. CVS stores and pharmacies will be open, though some may operate on reduced hours. Walgreens stores will follow regular hours, but most of its pharmacies — except 24-hour and select locations — will be closed. Rite Aid will remain open as usual. Check each stores website or call your local store for the most accurate hours. The New York Stock Exchange and Nasdaq will be closed for the holiday. Since July 4 is a Federal Reserve banking holiday, most bank branches across the country will also be closed. However, online banking services and ATMs will remain available. Independence Day is a holiday for the United States Postal Service, so it won't be picking up or delivering mail. UPS will not offer pickup or delivery service either, although UPS Express Critical will be available for urgent shipments. Most FedEx services will be closed as well, but FedEx Custom Critical will remain open for time-sensitive deliveries. Nonessential government offices will be closed on Friday, including the DMV and public libraries.
CNN
an hour ago
- CNN
What's open and closed on July 4, 2025
As Americans celebrate 249 years of independence with fireworks and barbecues, many businesses will be closed for the day. The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. As a federal holiday, the Fourth means many government offices, banks and some businesses will be closed, so it's worth checking what's open before heading out. This year, the Fourth of July will fall on a Friday. Target and Walmart locations will be open during their regular local hours. Most grocery stores under Kroger — which includes Fred Meyer, Dillons, Food 4 Less, Ralphs and QFC — will be open during their regular hours on July 4. However, store hours may vary by location. Whole Foods, Wegmans and Food Lion will also remain open as usual, while Trader Joe's will close early at 5 p.m. ALDI stores will close at 4 p.m. Sam's Club will be open from 8 a.m. to 6 p.m. for Plus members and from 10 a.m. to 6 p.m. for Club members. Costco warehouses, however, will be closed for the holiday. Make sure to check with local retailers and restaurants for their Independence Day hours before visiting. Most TJ Maxx, HomeGoods and Marshalls locations will be open until 8 p.m. Nordstrom, JCPenney and Macy's will operate under normal business hours. Dollar General and Dollar Tree will also be open, though hours may vary. Beauty retailers Sephora and Ulta Beauty will remain open if you're in need of a last-minute skincare or makeup run. CVS stores and pharmacies will be open, though some may operate on reduced hours. Walgreens stores will follow regular hours, but most of its pharmacies — except 24-hour and select locations — will be closed. Rite Aid will remain open as usual. Check each stores website or call your local store for the most accurate hours. The New York Stock Exchange and Nasdaq will be closed for the holiday. Since July 4 is a Federal Reserve banking holiday, most bank branches across the country will also be closed. However, online banking services and ATMs will remain available. Independence Day is a holiday for the United States Postal Service, so it won't be picking up or delivering mail. UPS will not offer pickup or delivery service either, although UPS Express Critical will be available for urgent shipments. Most FedEx services will be closed as well, but FedEx Custom Critical will remain open for time-sensitive deliveries. Nonessential government offices will be closed on Friday, including the DMV and public libraries.
Yahoo
2 hours ago
- Yahoo
Wall Street's hottest debate pits Jim Chanos against Michael Saylor
One of Wall Street's most prominent skeptics, short seller Jim Chanos, is ramping up his criticism of Wall Street's most popular bitcoin trade: Michael Saylor's Strategy (MSTR). 'It makes kind of no sense,' Chanos said in a recent interview on Bloomberg's "Odd Lots" podcast, the latest in a series of public comments taking aim at the market frenzy surrounding Saylor's company. Saylor has turned a business intelligence software firm into a bitcoin juggernaut by using a combination of debt and equity to add tons of the world's largest cryptocurrency to his company's balance sheet. Strategy now holds 597,325 bitcoins worth roughly $64 billion as of June 30, making it the largest corporate holder of the digital asset. And the stock of his company has soared 210% over the past year — well above the 80% gain of bitcoin itself as well as a 13% gain for the S&P 500. The main concern about all this, which Chanos continues to hammer home in TV appearances and podcasts, is that Strategy should not be valued higher than the underlying asset it owns, and that investors should simply buy bitcoin instead of stock in a company buying bitcoin. Chanos's views carry weight on Wall Street. He has made a career out of betting against companies he believes are wrongly valued, and is most famous for predicting the downfall of Enron in 2001. Saylor's counterargument to Chanos's skepticism is that shares of Strategy are easier to own and buy than bitcoin or bitcoin exchange-traded funds due to compliance and regulatory rules. Proponents of his approach also argue that Strategy's stock trades at such a rich price to bitcoin because investors believe the company will continue to suck up more of the asset's finite supply of 21 million units. 'If you want to 10x your money, you buy bitcoin,' Saylor said in May at a conference convened to show other firms how to adopt his so-called 'bitcoin treasury' strategy. 'If you want 100x your money, you buy bitcoin with someone else's money. If you want to 1000x your money, you buy bitcoin with someone else's money and then you leverage the bitcoin.' The escalating war of words between Chanos and Saylor has captivated Wall Street as the two lob shots at one another via interviews with TV networks such as CNBC and Bloomberg. 'I don't think he understands what our business model is,' Saylor has said of Chanos, predicting that 'if our stock rallies up, he's going to get liquidated and wiped out.' Chanos has said of Saylor that he 'is a wonderful salesman, but that's what he is: He's a salesman … I call it financial gibberish.' Neither Chanos nor Saylor responded to Yahoo Finance requests for comment. So far in 2025, bets against Saylor have not worked out. Investors betting against Strategy over the last month have seen $3.6 billion in losses, according to short seller data provider S3 Partners. Chanos isn't Strategy's only critic. Investors filed two separate lawsuits in May and June in a federal court in Virginia, both of which included allegations that Strategy misled them about how the volatility of bitcoin could affect the stock. Some analysts have also raised concerns. Monness, Crespi, Hardt & Co analyst Gustavo Gala said in a recent series of notes to clients that Strategy's premium will likely come down as fixed income investors have shown limited interest in the company's convertible debt and preferred shares used to fund its bitcoin purchases, writing in early June that Strategy has 'a limited runway' to continue its approach. Gala noted that there is a growing concentration of companies pursuing a 'copycat BTC Treasury Strategy.' Dozens of other companies, from a media firm controlled by President Trump's family to meme stock poster child GameStop (GME), have piled into bets similar to the blueprint laid out by Saylor. And 'all of these compete for an ostensibly similar pool of capital,' Gala wrote in a note Tuesday. Over the first half of 2025, public companies collectively added 245,191 bitcoins to their balance sheet, more than twice as much as bitcoin holding ETFs over the same period, according to data provider Bitcoin Treasuries. The latest big name to enter the crypto treasury game is Fundstrat founder Tom Lee, who is joining bitcoin mining firm BitMine Emersion Technologies (BMNR) as chairman after joining several institutions in helping this company raise $250 million to launch an ether (ETH-USD)-focused treasury strategy. BitMine's stock price has taken off since the June 30 announcement, climbing more than 30 times its pre-announcement price of $4.26. Short sellers have had far better luck betting against imitators of Saylor as opposed to Saylor's actual company. For the month of June, they earned $549 million betting against four of Strategy's largest imitators, according to S3. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is at Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
