Don't wait! Shop 4th of July weekend sales at Amazon, Coleman, Athleta ✨
Whether you're refreshing your kitchen cabinets, upgrading your sleep setup or looking to beat the shopping rush with some early Prime Day discounts, now is the time to fill your cart!
Below, we've rounded up the best 4th of July weekend sales from Amazon, HexClad, Saatva and more so you can save big before the holiday weekend ends.
Be sure to check out our ultimate 4th of July shopping guide featuring all the hottest deals at REI, Ace Hardware, Lowe's, Amazon and more top retailers. Get ready to shop smart and save big this holiday weekend!
HexClad's 4th of July sale includes up to 44% off their viral hybrid cookware, including limited-edition summer sets like the Gordon Ramsay-approved American Pie bundle. These pans are nonstick, dishwasher-safe, and built to last.
More: Limited-edition HexClad cookware sets are up to 44% off for 4th of July 💥
Coleman's limited-time 4th of July sale runs now until Monday, July 7, giving shoppers plenty of time to stock up on tents, coolers and other outdoor essentials that'll ensure their next camping excursion, road trip or beach day goes off without a hitch. Save 35% while you can!
Now through Tuesday, July 8, save up to 70% plus an extra 30% off everything at Athleta! If your summer wardrobe needs a refresh, Athleta's Semi-Annual sale is the perfect excuse to stock up on premium activewear without breaking the bank.
More: Sleep better after your next PCS with up to 40% off on mattresses with a military discount
From $400 off the best-selling Saatva Classic hybrid mattress to deep discounts on the Contour5 cooling memory foam mattress that is designed for hot sleepers, this 4th of July Saatva sale has everything you need for a resort-worthy refresh at home.
More: 5 best 4th of July mattress-in-a-box deals at DreamCloud, Casper, Nectar
Amazon Prime Day starts July 8: Join Prime now for exclusive access to the sale
Shop my Amazon wishlist: Save on editor-approved camping gear
More: 12 clever kitchen gadgets on sale at Amazon: Juicers, choppers, food storage
The popular luxury golf apparel company is currently hosting its incredibly popular End of Season Sale, running now through Monday, July 21. Save 30% on top-rated golf gear, apparel and more.
⛳️ Over 9,000 sold last month: Get this golf rangefinder for under $90 at Amazon
Shopping guide: Exclusive military discounts on streaming, clothing, appliances
Your 4th of July 2025 shopping guide: Epic sales and deals happening now 🎆
More: We found a best-selling Samsonite suitcase for 50% off at Amazon
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NBC News
16 minutes ago
- NBC News
Most U.S. stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses. Seven out of every 10 stocks within the S&P 500 fell, though the index edged up by less than 0.1% to set another all-time high. The Dow Jones Industrial Average dipped 11 points, or less than 0.1%, and the Nasdaq composite dipped by less than 0.1% from its record set the day before. The inflation report said that prices jumped 3.3% last month at the U.S. wholesale level from a year earlier. That was well above the 2.5% rate that economists had forecast, and it could hint at higher inflation ahead for U.S. shoppers as it makes its way through the system. The data forced traders to second guess their widespread consensus that the Federal Reserve will cut interest rates at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, but they also risk worsening inflation. 'This doesn't slam the door on a September rate cut,' but it may raise some doubt, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. Most stocks fell on Wall Street after a report showed inflation was worse last month at the U.S. wholesale level than economists expected. Traders now see a 7.4% chance that the Fed may hold rates steady in September, according to data from CME Group. A day earlier, they were betting on a 100% certainty that the Fed would cut its main rate for the first time this year. Higher interest rates drag on all kinds of companies by keeping the cost to borrow high. They can hurt smaller companies in particular because they often need to borrow to grow. The Russell 2000 index of smaller U.S. stocks tumbled a market-leading 1.2%. Thursday's disappointing data followed an encouraging update earlier in the week on prices at the consumer level. A separate report on Thursday, meanwhile, said fewer U.S. workers applied for unemployment benefits last week. That's a good sign for workers, indicating that layoffs remain relatively low at a time when job openings have become more difficult to find. But a solid job market could also give the Fed less reason to cut interest rates in the short term. The data helped send Treasury yields higher in the bond market. The yield on the 10-year Treasury climbed to 4.28% from 4.20% just before the data reports' release and from 4.24% late Wednesday. On Wall Street, Tapestry tumbled after the company behind the Coach and Kate Spade New York brands showed it's feeling the pressure of tariffs. It detailed how much profit it could lose in its upcoming fiscal year because of tariffs and duties, and its forecast for profit fell short of analysts' expectations even though its forecast for revenue came in above. Its stock fell 15.7%, despite it also reporting a stronger profit for the latest quarter than analysts expected. Deere fell 6.8% even though the machinery maker likewise delivered a better profit than expected. There, too, the focus was on where profits are heading. It cut the top end of its forecasted range for profit this fiscal year and said its customers 'remain cautious amid ongoing uncertainty.' On the winning side of Wall Street was Fossil Group, which jumped 29.8% after the seller of watches and other accessories reported better profit than expected. It also announced a plan to strengthen its finances, while trimming its forecast for how much it expects worldwide net sales to fall this year. Big Tech stocks also helped mask Wall Street's losses. Amazon rose 2.9% to add to its gains from the prior day when it announced same-day delivery of fresh groceries in more than 1,000 cities and towns. Because Amazon is so huge, with a market value of $2.45 trillion, the movements for its stock carry much more weight on the S&P 500 than the typical company's. All told, the S&P 500 rose 1.96 to 6,468.54 points. The Dow Jones Industrial Average edged down 11.01 to 44,911.26, and the Nasdaq composite dipped 2.47 to 21.710.67.
Bloomberg
16 minutes ago
- Bloomberg
A Chaotic Gold Rush Is Helping Bolivia Prop Up Its Finances
The Big Take The central bank has raked in more than $3 billion by buying murky bullion and swapping it for much-needed dollars. Photography and video by Marcelo Pérez del Carpio It's been a puzzling phenomenon for a while now: Bolivia is facing a crippling dollar shortage, a local currency crisis and surging inflation — and yet it's still honoring its debts. A visit to Cangalli, one of hundreds of mines carving gold out of the lush Amazon basin north of La Paz, helps explain it. Here, under the world's largest rainforest, the central bank has found a way to raise billions of dollars to help pay back international bondholders with the nation's debt trading at distressed levels ahead of hotly contested general elections this coming weekend. The tripling of international gold prices in the past decade has accelerated a shift from centuries-old panning practices — in which artisans used shovels, picks and even their bare hands to sift through river sediment — to industrial operations that are reshaping the riverbank and flooding homes, schools and businesses. Some of the excavators, front loaders and dump trucks that rumble through Cangalli's eroded landscape are owned by a Chinese company that's set up camp in the area. One of the biggest buyers in this gold rush is Bolivia's central bank, which received congressional approval to exchange the gold for hard currency at a time of record prices. Even Finance Minister Marcelo Montenegro has acknowledged the economic benefits, telling reporters in February that the bullion is helping the country meet foreign debt obligations and finance fuel imports. It's a critical lifeline for Bolivia, where financial challenges persist. The unpopular leftist government is grappling with the deepest economic crisis in decades as its natural gas bonanza peters out, fuel subsidies drain coffers and the currency tumbles on the black market. Sporadic protests have blocked highways this year, aggravating shortages of gasoline and cooking oil. Of all the Latin American nations tracked by S&P Global Ratings and Fitch Ratings, Bolivia has the worst-rated dollar debt. Moody's Ratings has Bolivia at Ca, the second-lowest rating in its scale, which it defines as 'likely in, or very near, default.' In June, S&P attributed its rating to Bolivia's 'reduced reserve levels' and its 'weak capacity to fully meet its debt commitments over the next six to 12 months.' Bolivia's surprising ability to continue paying its debt, along with election optimism, has helped lift its most liquid international bonds to 78 cents on the dollar from 61 cents at the start of 2025. Bolivia's strategy is one employed by countries including Mongolia and Ecuador — and something a group of lawmakers in neighboring Peru are pushing for. In the World Gold Council's latest central bank survey, 17% of respondents indicated they buy gold directly from artisanal and small-scale gold miners in their countries. In economically struggling Bolivia, the country isn't just using the gold rush as a means to bolster its international reserves but more as a way to keep honoring its international debt, according to ratings agencies. 'The central bank has relied on purchases of local gold,' Fitch said in a report this year, 'which it has then refined abroad and liquidated, to meet external debt service' payments. But there's little transparency on where and how the metal is actually mined and processed, and where it ends up, according to to dozens of miners, traders, researchers and residents in a supply chain that stretches from Bolivia's Amazonian rivers, to refineries in Turkey, and finally to vaults in London. Bolivian authorities say the gold the central bank buys is legal, and produced and marketed responsibly — and the central bank has the documentation to show it. But according to those interviewed the industry is fraught with lax regulation and oversight, dirty practices like using mercury, flimsy paperwork and a growing black market, including the illegal presence of foreign financiers. 'The central bank is interested in buying gold and it doesn't care where it comes from,' said Danilo Bocángel, who heads Foundation Medmin, a local non-governmental organization that fosters sustainable mining practices. The central bank has bought almost 24 metric tons of locally produced metal and monetized 44 tons since May 2023, according to its latest data from April, in transactions worth more than $3 billion. It's gone on to deposit and invest 19 tons abroad — mostly with UBS AG and Standard Chartered Plc, but also with China's ICBC and JPMorgan Chase & Co., among others. Another ton was in central bank vaults, while 3 tons were being refined. Standard Chartered and JPMorgan declined to comment. UBS and ICBC didn't respond. It's unclear for how long the program will remain sustainable, as a widening gap between the official and parallel currency exchange rates undermines its appeal for sellers. Authorities release few details on commercial terms and funding of the state's purchases, although it does have to offer a premium over the official exchange rate in order to compete with private buyers. Several economists and former central bankers allege the bank prints money to help plug that gap, thereby putting further pressure on inflation already at its highest in decades. The former central bankers asked not to be identified due to internal regulations. Bolivia's central bank said in a statement that it buys the gold exclusively in local currency and mostly from cooperatives grouping small-scale miners. It said it relies on other state agencies to certify the legality of the gold. It declined to identify who refines the bullion. And it didn't answer questions on whether it had printed money in order to fund its gold purchases. President Luis Arce told Bloomberg in a June interview that he was unable to provide details of central bank gold operations, saying only that 'we have been using the gold reserves according to current regulations to leverage resources that come to the country.' Either way, Bolivia is strapped for cash, with a soaring budget deficit that exceeded 10% of gross domestic product in the past two years, according to the International Monetary Fund. Fitch said in its report that the central bank was responsible for financing Bolivia's 2024 deficit, because the country didn't have the ability to tap international markets to raise the necessary funds. Sellers, meanwhile, are increasingly turning to less formal private gold buyers or the black market, where terms are better. Plus Bolivia's debt obligations are about to get a lot heavier — with payments coming due of $300 million-plus a year in 2026 and 2027 from $54 million this year, according to data compiled by Bloomberg. The extra yield investors demand to hold Bolivia's dollar bonds is already the highest among performing sovereign credits in emerging markets, reflecting low confidence in its ability to pay. 'Many investors have been puzzled over the government's ability to keep paying the bond coupons on time,' said BancTrust strategist Mariano Ortiz. 'By now, the mechanics of the domestic gold purchases by the central bank have become clearer, although doubts remain' regarding its sustainability. It was mid-2023 when, in the face of diminishing dollar flows from gas exports, lawmakers allowed the central bank to buy local gold and sell it without congressional approval. All it had to do was keep a minimum of at least 22 metric tons of bullion in its reserves. Later that year, exporters were required to sell to the central bank first before shipping gold overseas. With the bank becoming a major buyer, official gold exports tumbled 72% last year and continue to decline. Other factors behind the drop include diesel shortages that can disrupt production and a dollar shortage that halted inflows of smuggled Peruvian gold. At first, the central bank simply bought gold from private traders and cooperatives. Then last year, the government set up state firm Epcoro to buy from different players — including traders, cooperatives, intermediaries and private citizens — in local currency and sell it to the central bank. The intermediaries, dubbed rescuers, buy from different sources in small quantities until they have enough to sell. The central bank then ships much of the semi-pure gold it buys in Bolivia to Istanbul Gold Refinery, which is on the London Bullion Market Association's list of ethical suppliers. The Turkish company, one of the world's largest precious metals refineries, confirmed to Bloomberg that it began processing Bolivian gold last year, which it then sends to the central bank's JPMorgan accounts in London for its reserves. The central bank is mandated to use gold for investing, in hedging instruments, as collateral and for conversion into cash. The rules specify that the bank must acquire 'responsible gold,' sourced from legal operations for strengthening reserves rather than commercial use. The problem is that having all the necessary legal documentation doesn't always tell the true story of how the gold has been mined, processed and sold, according to the more than a dozen miners, traders and people who work directly in this supply chain. Almost all gold produced in Bolivia comes from cooperatives, which are legal entities. But an estimated 85% of them either lack permitting or fail to properly document their output, according to mining consultant Hector Cordova, who served as deputy minister under former President Evo Morales. Today, an estimated 200,000 people work in gold cooperatives, according to local development institute Cedla, making the sector an economic and political force. Some output from cooperatives goes through official channels, where royalties and other fees are paid. But much is kept off the books to maximize profit. Some of it feeds into the black market and ends up in Peru, where buyers pay in dollars, according to people with knowledge of the matter. Rescuers collect from different sources and require little or no documentation. Private traders say they often register gold as coming from one location when it may actually come from another. Or they assign gold to individuals who may have had nothing to do with its production. 'No one asks for any paperwork,' says Alex Guaman, as he makes adjustments to a small floating rig on the riverbank near the town of Chima. The 21-year-old left his job with a cooperative to strike out on his own about a year ago when prices started surging. Now he gets down into the water to suck up material from the riverbed with a motorized pump, selling the flakes he finds to buyers in town, all informally. Declarations made about the origin and legality of gold are basically 'statements made in good faith,' said Alfredo Zaconeta, a researcher at Cedla. 'The state lacks the capacity to oversee what is supposedly being mined in a given area.' But Montenegro, the finance minister, says Bolivia's central bank meets all traceability requirements and defends its gold transactions against accusations by opposition lawmakers that they constitute laundering. In its last report, the bank said it 'only acquires gold in the domestic market from legally established participants, registered and authorized by the competent entities.' It describes its sources as clean, safe and socially inclusive, in accordance with international standards, and works with refineries accredited by the LBMA. Turkey's IGR, one of Bolivia's biggest gold buyers, conducted a thorough risk assessment, due diligence and compliance checks, as well as delivering responsible sourcing lectures to the central bank before beginning its refinery agreement, Chief Executive Officer Aysen Esen said in response to written questions. The LBMA backed up IGR's account, adding that no sourcing concerns were raised by an assurance firm as part of a review by the Turkish company. Still, the association said beyond the IGR-central bank arrangement, no other LBMA refiners source gold from Bolivia, where the artisanal sector faces significant challenges 'including widespread use of mercury by miners and the possibility of illegally mined material from other countries infiltrating local supply chains.' The participation of Epcoro also shields the central bank from any possible traceability issues because it's the state trader that certifies the ethical origin of the gold. But Epcoro boss Pablo Cesar Perez said his firm's job is to verify grades and ensure the paperwork is in order. 'It is not my responsibility to go and control how they are producing,' he said in an interview. Efforts to promote traceability are petering out. The Swiss Better Gold Association, a nonprofit that promotes responsible supply chains, is closing down in Bolivia this year as surging prices stoke the informal and illegal markets, according to program manager Thomas Hentschel. 'At the moment, there is no chance of creating a legal supply chain' in Bolivia, said Hentschel, who calls the Andean nation his second home. 'For me, it's clear that this is really not responsibly produced,' he said. 'This is not what a consumer expects of good delivery.' Initially, the creation of Epcoro gave cooperative miners the assurance of a legitimate, deep-pocketed purchaser. The state-owned firm also guaranteed miners increasingly scarce diesel supplies in exchange for doing business together. But those guarantees have faded and in late July, Epcoro said it had heavily restricted purchases, citing currency and price volatility and limited availability. A spike in the parallel exchange rate to more than double the official rate has also reduced incentives for selling gold to the central bank. While terms vary, two traders told Bloomberg that typically the bank pays 35% in dollars and the rest in bolivianos at the official rate, with a 12.5% premium. Even so, that translates to less than traders receive shipping to overseas buyers in all-dollar arrangements. When gold is sold to Epcoro, the state trader says it pays in bolivianos at the official rate plus a premium capped at 18% to offset the gap with the parallel rate. In the past year, Epcoro sold 5 tons of gold to the central bank, according to Perez. All of that has seen more gold diverted into informal markets that offer better returns amid weak enforcement of regulations and traceability standards. There's little data on illegal flows, although a 20% jump in Peruvian gold exports last year may indicate some Bolivian metal is finding its way across the border. The arrival of the central bank and Epcoro as major buyers of Bolivian gold could have benefited the industry if it was done as part of an organized and centralized approach, according to Manuel Barrientos of Primero de Mayo, one of the oldest and biggest gold cooperatives in Bolivia. While the cooperative is able to self-finance these days, that doesn't mean partners are getting rich, said Barrientos, who drives a 1999 Toyota station wagon without plates and lives in a humble abode at the camp. 'People think gold cooperative partners are all millionaires. That's just not true,' the 81-year-old said. Deposits have been depleted in the more than six decades since he started mining, meaning operators now rely on heavy machinery to move much bigger volumes in order to extract the same amount of metal. Even though record prices are making lower quality deposits profitable, costs are up, fuel is scarce and the local currency is fast losing value. Cooperatives also have to pay off corrupt officials, tap the black market for fuel and keep some of their output off the books to get better terms, Barrientos said. 'Here we work on the basis of the best offer.' Perhaps more frustrating than anything is that parts of an industry that's helping Bolivia meet debt obligations is quite literally underwater. In Cangalli, gold cooperative boss Cristobal Mamani has to clamber up an external staircase to access his second-story office since the first floor is covered in sludge. The school is being relocated and dozens have had to uproot. In front of the building, Carmen Callisaya is washing up in an improvised kitchen after serving breakfast to miners on plastic tables and chairs. She sleeps on the other side of a dividing wall, in an area flanked by a tarpaulin, with her daughter, who does homework in the plaza. 'We're living here because there's no other option,' says Callisaya, pointing to her flooded house. But mining is what drives the local economy, she says. 'That's what they tell us. They say: 'If there's no mining, what are you going to live from?'' The reason for the inundation is plain to see through the back window of Mamani's office. Excavators, front loaders and dump trucks reshape the riverbank and floodplain in pursuit of flakes of gold. Mamani blames upstream mines that dump sediment and heavier-than-normal rains for the flooding, saying his cooperative does what it can to help the town. The boom itself is precarious, even for the miners. 'If gold prices fell now, we'd be sunk,' said Mamani, 45, who wants his three children to enter other professions. 'Mining can be great — if you're lucky, you can buy a car, a house. But you can also suffer.' Pollution is another huge problem. Imported mercury used to process the gold-rich ore enters fish eaten by Indigenous groups and belches into the air a hundred miles away in La Paz, where some gold traders burn amalgams with mercury in artisanal ovens without any type of filter. As a signatory to the Minamata Convention on Mercury, Bolivia is obliged to take steps to reduce its use in mining. But a surge in the number of cooperatives in recent years has made mercury more widespread, particularly among hard-rock miners in the highlands, according to Foundation Medmin's Bocángel. While larger plants in the country face sanctions if they smelt mercury-laced metal, dozens of artisanal furnaces in the capital appear to have few restrictions. 'We're not talking about grams or kilos, we're talking about tons that are released into the atmosphere and the environment,' Bocángel said. 'Tons that go into our rivers and our soils.' Ten minutes upriver from Cangalli is an even more dramatic example of gold's impact on residents. Tipuani began as a colonial-era mining settlement. In a plaque in the plaza, it's described as the 'gold capital' professing 'liberty in unity.' But for several months of the year, flooding requires many locals to vacate their homes and workplaces. Mining may still be the town's lifeblood, but it's also an existential threat. Alejandro Catarrion, a 67-year-old mechanic, sits in the shade of an elevated pathway, looking down over his flooded shop. A meter of muddy water has kept him from working for six months. He and others in the town who don't work directly in mining are frustrated with the lack of action to address a problem that began several years ago and is getting worse. Rents for buildings in dry areas have surged. Some sleep in the local school, others in the plaza. The fetid river water mixes with sewage in lower-lying streets, where pigs wallow. A resident wades through flooded streets in the mining town of Tipuani. Flooding requires many locals to vacate their homes and workplaces. High-pressure water is used to break up riverbed materials and access gold flakes. Homes submerged in floodwaters in Tipuani, where rents for buildings in dry areas have surged. Dumping of mining waste has raised river levels, contributing to severe flooding in towns such as Tipuani. Catarrion sees the municipality and the mining cooperatives as one in the same, with complaints from affected residents falling on deaf ears. Those with more direct ties to the mines don't dare speak out, he said. 'This town has become lawless,' he said. 'They seem to want to mine the town itself.' Mines in the area are being funded by Chinese groups that take a 70% cut of production, according to neighborhood association boss Rufino Chambi, 47. Though illegal, such arrangements are widespread, according to several miners and traders. The political counselor at China's embassy in Bolivia, Marcelo He, said as far as the diplomatic mission can assess, the companies provide equipment, machinery and other services to Bolivian cooperatives, none of which is illegal. Dozens of lawsuits have been filed against illegal gold operations and mining cooperatives. In September 2023, a judge ordered the suspension of unauthorized mining in five Amazonian rivers. More recently, the public prosecutor launched an investigation into flooding in Tipuani. 'There are laws to mine responsibly and replace earth,' said Chambi. 'But they don't do it, just to save a little fuel, a little diesel. They do whatever they want.' Court rulings and enforcement efforts have failed to halt environmental damage. On a section of the road between Tipuani and Chima, a precariously perched hydraulic excavator knocks down one of the remaining hilltops. 'If gold prices keep going up, they're going to go crazy,' Chambi said. 'They're going to try to mine everything.' Assist: Zijia Song and Patrick Sykes Editor Responsible: Crayton Harrison Editors: Danielle Balbi and Stephen Wicary Photo editor: Marie Monteleone More On Bloomberg Terms of Service Do Not Sell or Share My Personal Information Trademarks Privacy Policy Careers Made in NYC Advertise Ad Choices Help ©2025 Bloomberg L.P. All Rights Reserved.
Washington Post
an hour ago
- Washington Post
How major US stock indexes fared Thursday, 8/14/2025
Most stocks fell on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies helped to mask the losses on Thursday, and the S&P 500 edged up less than 0.1%. The Dow Jones Industrial Average and the Nasdaq composite were also little changed. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver relief next month by cutting interest rates. Treasury yields rose in the bond market. Tapestry, the company behind Coach, sank 15.7% after detailing how much profit it could lose from tariffs and duties. On Thursday: The S&P 500 rose 1.96 points, or less than 0.1%, to 6,468.54. The Dow Jones Industrial Average fell 11.01 points, or less than 0.1%, to 44,911.26. The Nasdaq composite fell 2.47 points, or less than 0.1%, to 21,710.67. The Russell 2000 index of smaller companies fell 28.98 points, or 1.2%, to 2,299.08. For the week: The S&P 500 is up 79.09 points, or 1.2%. The Dow is up 735.65 points, or 1.7%. The Nasdaq is up 260.65 points, or 1.2%. The Russell 2000 is up 80.66 points, or 3.6%. For the year: The S&P 500 is up 586.91 points, or 10%. The Dow is up 2,367.04 points, or 5.6%. The Nasdaq is up 2,399.88 points, or 12.4%. The Russell 2000 is up 68.92 points, or 3.1%.
