Less selection, higher prices: How tariffs are shaping the holiday shopping season
But President Donald Trump's vacillating trade policies have complicated those end-of-year plans. Balsam Hill, which sells artificial trees and other decorations online, expects to publish fewer and thinner holiday catalogs because the featured products keep changing with the tariff rates the president sets, postpones and revises .
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Tyson Foods hasn't seen 'material' impact from Trump tariffs as consumer protein push lifts results
Tyson Foods (TSN) reported results Monday that were better than expected for its fiscal third quarter. A consumer focus on protein and a lack of immediate impact from President Trump's tariff policies boosted results. "Consumers are prioritizing protein ... over other foods, but they're also prioritizing food as essential versus the non-essential things like apparel, ... bigger ticket items," Tyson Foods CEO Donnie King said. As far as the impact of President Trump's tariffs, King said, "I would not call anything we've seen from tariffs today, not only beef, but in pork, chicken. I don't see a material impact from that at this point." In the quarter, Tyson reported sales grew 4% to $13.88 billion, topping forecasts for revenue to tally $13.55 billion, according to Bloomberg data. Adjusted earnings per share were $0.91 in the quarter, ahead of forecasts for $0.78. The company also said its sales for its fiscal year 2025, which wraps up during the current quarter, will rise 2% to 3% from last year, better than its previous outlook for sales to be flat to up 1%. Tyson Foods stock rose about 3% following the results on Monday. Year to date, the stock remains down over 5%, trailing the S&P 500's roughly 7.5% gain. Read more: Live coverage of corporate earnings Chicken was the company's strongest category during the quarter, with volumes rising 2.4% alongside an average price increase of 1.1%. Consumers leaned into frozen items like Tyson Simple Ingredient nuggets, which have higher protein. Tyson's fresh chicken business grew volume by 2.3%. Tyson now expects its chicken segment to post operating income of $1.3 billion to $1.4 billion for the year, up from the previously expected range of $1 billion to $1.3 billion. "Our chicken business is obviously running a lot better than it has," King said. "This has been a multiyear journey, but it's running more efficiently." King said the company is also seeing the benefit from the closure of four chicken plants two years ago. Its pork business is having a moment too. Volume for that segment grew 1.5% against forecasts for a 2.3% decline. Pork delivered its strongest third quarter adjusted operating income for the company in four years. All the momentum offset a more challenging quarter for its beef business. The average price for beef increased 10%, higher than the 7.3% jump expected. Volumes declined 3.1%, more than the 2% expected, as the tightened cattle supply made fewer available for Tyson to buy and drove costs higher. Still, King said its beef consumer "has been very resilient" in the face of higher prices. For ranchers, higher beef prices have been good news, according to Texas A&M professor David Anderson, as these prices reverse the situation "for ranchers who have dealt with low prices, high costs, and drought in recent years." Fewer imports from Mexico have hit the US cattle supply, however, creating another challenge for Tyson. "I expect the tariff and retaliatory tariffs from China have introduced more struggles in [the ranchers'] business," Anderson said. "I should say it's not just high prices but fewer cattle that make it hard to get enough cattle to operate." Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ 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
Yahoo
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iPark CEO, Billy Lerner, Announces Opening of New Parking Garage On 83rd St, Manhattan
New York, New York--(Newsfile Corp. - August 4, 2025) - Billy Lerner, President and CEO of iPark, has announced the opening of a brand-new parking facility at E 83rd Street, situated between 1st and 2nd Avenues in Manhattan's Upper East Side. As one of New York City's premier parking management companies, iPark continues to solidify its role in transforming urban mobility. The launch of this new location not only addresses a growing demand for reliable parking in the neighborhood but also reflects Lerner's broader mission to enhance accessibility and infrastructure across the five boroughs. Billy Lerner, iPark President and CEO. Conveniently located within walking distance of Central Park, Carl Schurz Park, Museum Mile, Lenox Hill Hospital, and a dense concentration of residential buildings, the 83rd Street garage is positioned to serve a diverse cross-section of New Yorkers. Whether it's healthcare workers commuting to nearby hospitals, museum-goers visiting cultural institutions, residents seeking dependable daily parking, or visitors attending local restaurants and boutiques, the new garage offers a safe, accessible, and efficient solution. Parking magnate Billy Lerner has announced the opening of a new garage located near Carl Schurz Park The facility is designed with both functionality and user experience in mind. Amenities include valet service, on-site staff for customer support, and the capacity to accommodate oversized vehicles, making it ideal for SUVs and larger family cars. The garage also features modern surveillance systems and seamless digital payment options, hallmarks of iPark's tech-forward approach to urban parking. Billy Lerner announced the opening of a new parking garage at E 83rd Street Under parking magnate Billy Lerner's leadership, iPark has been proactive in adopting smart technologies, optimizing real estate usage, and identifying key areas of need throughout the city. This latest development is part of a larger strategy to invest in neighborhoods where access to dependable parking can significantly improve quality of life for both residents and visitors. With the opening of its 353 E 83rd Street garage, iPark once again demonstrates how thoughtful infrastructure investment can help solve some of the city's most persistent challenges. Further information about the new 83rd Street location and iPark's comprehensive range of parking solutions can be found via their website or via their app iPark - NYC Parking. Email: info@ - 855-472-7569Website: SOURCE: Honest Media To view the source version of this press release, please visit 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
Yahoo
7 minutes ago
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Trump says to name new labor statistics chief this week
US President Donald Trump said Monday that he would pick an "exceptional replacement" for his labor statistics chief, days after ordering her dismissal after a report showed weakness in the jobs market. In a post on his Truth Social platform, Trump reiterated -- without providing evidence -- that Friday's employment report "was rigged." He alleged that commissioner of labor statistics Erika McEntarfer had manipulated data to diminish his administration's accomplishments, drawing sharp criticism from economists and a professional association. "We'll be announcing a new (labor) statistician some time over the next three-four days," Trump told reporters Sunday. He added Monday: "I will pick an exceptional replacement." US job growth missed expectations in July, figures from the Bureau of Labor Statistics showed, and sharp revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. Trump ordered the removal of McEntarfer hours after the figures were published. "We had no confidence. I mean the numbers were ridiculous," Trump told reporters Sunday. He charged that McEntarfer came up with "phenomenal" numbers on his predecessor Joe Biden's economy before the 2024 election. - Hiring slowdown - Even as he called for more reliable data Monday, White House economic adviser Kevin Hassett conceded that the jobs market was indeed cooling. But Hassett maintained in a CNBC interview that this softening did not reflect the incoming effects of Trump's flagship tax and spending legislation -- signed into law early last month. US employment data point to challenges as companies took a cautious approach in hiring and investment while grappling with Trump's sweeping -- and rapidly changing -- tariffs this year. The United States added 73,000 jobs in July, while the unemployment rate rose to 4.2 percent, the Department of Labor reported. Hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000. These were notably lower than job creation levels in recent years. During the pandemic, the economy lost jobs. Over the weekend, Hassett defended McEntarfer's firing in an NBC News interview: "The president wants his own people there so that when we see the numbers they are more transparent and more reliable." Trump's decision has come under fire. William Beach, who previously held McEntarfer's post, said the move set a "dangerous precedent." The National Association for Business Economics condemned her dismissal, saying large revisions in jobs numbers "reflect not manipulation, but rather the dwindling resources afforded to statistical agencies." In addition to a successor to McEntarfer, Trump is also expected to name a replacement for Federal Reserve governor Adriana Kugler. Kugler's early resignation, effective Friday, allows Trump a vacancy to fill as he pushes the independent central bank to lower interest rates. German Finance Minister Lars Klingbeil on Monday emphasized the importance of supporting "independent, neutral and proven institutions." He said: "It is right that independent institutions remain independent and that politics do not interfere with them." McEntarfer, a labor economist, was confirmed to the commissioner role in January 2024. abs-lob-bys/aha Sign in to access your portfolio
