When is Labor Day 2025? What to know about the upcoming holiday
The unofficial end of summer, Labor Day, is also quickly approaching, and the federal holiday calls for a relaxing three-day weekend in honor of American workers.
Here's what we know about the upcoming celebration.
When is Labor Day 2025?
Labor Day falls on Monday, Sept. 1, 2025. The holiday is observed on the first Monday in September each year, the U.S. Department of Labor says.
Why do we celebrate Labor Day?
Organized labor groups began pushing for the holiday in the late nineteenth century to "recognize the many contributions workers have made to America's strength, prosperity, and well-being," the U.S. Department of Labor says.
Oregon gets credit for recognizing Labor Day first in 1887. Twenty-three states soon followed and in 1894, then-President Grover Cleveland signed a law designating Labor Day as the first Monday in September.
Is Labor Day a federal holiday?
Yes. Labor Day became a federal holiday in 1894 under President Grover Cleveland.
Will my mail get delivered on Labor Day?
No mail will be delivered Monday, Sept. 1. The United States Postal Service is closed.
UPS and FedEx are also closed on Labor Day.
Are grocery stores closed on Labor Day?
Most grocery stores, and other retailers like Target and Walmart, are open on Labor Day. Some stores like Costco, however, are closed.
Are federal buildings open on Labor Day?
No. State, local and federal offices will be closed.
When do Labor Day sales start?
Labor Day sales begin as early as mid-August through the holiday weekend, with retailers like Amazon, Target and Walmart offering various deals. Learn more from USA TODAY.
Others are reading: Your Labor Day 2025 shopping guide to the best end-of-summer deals
Upcoming 2025-2026 federal holidays
Tuesday, Nov. 11: Veterans Day.
Thursday, Nov. 27: Thanksgiving.
Thursday, Dec. 25: Christmas.
Thursday, Jan. 1, 2026: New Year's Day.
IndyStar reporter John Tufts contributed. Reach Marina Johnson at Marina.Johnson@courier-journal.com.
This article originally appeared on Louisville Courier Journal: Labor Day 2025 is near. When is it? Why do we celebrate?
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Business Wire
17 minutes ago
- Business Wire
Kodak Reports Second-Quarter 2025 Financial Results
ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2025. Second quarter 2025 highlights include: 'In the second quarter, Kodak continued to make progress against our long-term plan despite the challenges of an uncertain business environment,' said Jim Continenza, Kodak's Executive Chairman and CEO. 'While tariffs did not have a material impact on our business in Q2, we are assessing the potential impact of new tariffs going forward. It's important to note that Kodak is committed to U.S. manufacturing — in fact, we manufacture a wide range of products in the U.S., including lithographic printing plates, photographic and industrial films, inkjet presses and inks, and pharmaceutical key starting ingredients — and our expectation is that tariffs instituted by the U.S. government are designed to protect American businesses like ours. We continue to accelerate the growth of our Advanced Materials & Chemicals ("AM&C") business. I'm pleased to report that our AM&C group's cGMP pharmaceutical manufacturing facility is now registered with the FDA and certified to manufacture and sell regulated pharmaceutical products, expanding our current business in unregulated pharmaceutical products. The facility will begin operation manufacturing phosphate buffered saline (PBS) for laboratory use and create a bridge to manufacturing more sophisticated specialty products, such as injectable IV saline, in the future. For the balance of the year, we plan to focus on serving our customers, strengthening our balance sheet and developing growth businesses for our future.' For the quarter ended June 30, 2025, revenues were $263 million, a decrease of $4 million or 1 percent compared to the same period in 2024. Adjusting for the favorable impact of foreign exchange of $5 million, revenues decreased by $9 million, or 3 percent when compared to the prior year. GAAP net loss was $26 million for the quarter, compared to net income of $26 million in 2024, a decrease of $52 million or 200 percent. Operational EBITDA for the quarter ended June 30, 2025, was $9 million, compared to $12 million in 2024, a decrease of $3 million or 25 percent. Adjusting for the favorable impact of foreign exchange of $1 million, Operational EBITDA decreased by $4 million or 33% compared to the prior year. The decrease in Operational EBITDA was primarily driven by lower volumes and higher aluminum and manufacturing costs, partially offset by price increases and lower spend on investments in information technology systems, organizational structure and costs associated with trade shows. Kodak ended the quarter with a cash balance of $155 million, a decrease of $46 million from December 31, 2024. The decrease was primarily driven by capital expenditures to fund growth initiatives, changes in working capital, impact of higher costs and lower profitability from operations. 'During the second quarter, Kodak continued its focus on improving the efficiency of our operations and investing in growth initiatives in our AM&C group,' said David Bullwinkle, Kodak's CFO. 'Revenue for the quarter was roughly flat year over year, which was in line with expectations, and we continued to see revenue growth in our AM&C business. In Q2 we saw a significant improvement in our use of cash compared with the first quarter, reducing our cash balance by $3 million to $155 million, compared with $201 million on December 31, 2024. The termination of our U.S. Kodak Retirement Income Plan and subsequent reversion of excess funds to pay down debt is progressing as planned. We expect to have a clear understanding by August 15 of how we will satisfy our obligations to all plan participants, and we anticipate completing the reversion by December of 2025. For the second half of the year, we will continue to focus on reducing costs today and converting our investments into long-term growth.' Going Concern Assessment Kodak has included a disclosure regarding its going concern assessment in its second quarter 2025 Form 10-Q filing. Kodak's plans to adequately fund its preferred stock and debt obligations when they become due are to use the proceeds from the expected reversion of cash to the Company upon settlement of obligations under the Kodak Retirement Income Plan to reduce the amount of term debt and to amend, extend or refinance its remaining debt and preferred stock obligations. These plans are not solely within Kodak's control and therefore are not deemed 'probable' under U.S. GAAP accounting rules. As a result, these conditions raise substantial doubt about the Company's ability to continue as a going concern as of the issuance date of the Company's second quarter financials. Refer to Going Concern subsection of Note 1, 'Basis of Presentation and Recent Accounting Pronouncements' in the Company's second quarter 2025 Form 10-Q for additional information. * Total Operational EBITDA is a non-GAAP financial measure. The reconciliation between GAAP and non-GAAP measures is provided in Appendix A of this press release. ** The impact of foreign exchange represents the foreign exchange impact using average foreign exchange rates for the three months ended June 30, 2024, rather than the actual average exchange rates in effect for the three months ended June 30, 2025. Eastman Business Park segment is not a reportable segment and is excluded from the table above. About Kodak Kodak (NYSE: KODK) is a leading global manufacturer focused on commercial print and advanced materials & chemicals. With 79,000 worldwide patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. Our innovative, award-winning products, combined with our customer-first approach, make us the partner of choice for commercial printers worldwide. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print. For additional information on Kodak, visit us at or follow us on X @Kodak and LinkedIn. Cautionary Statement Regarding Forward-Looking Statements This press release includes 'forward-looking statements' as that term is defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Kodak's plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs and business trends and other information that is not historical information. When used in this press release, the words 'estimates,' 'expects,' 'anticipates,' 'projects,' 'plans,' 'intends,' 'believes,' 'predicts,' 'forecasts,' 'strategy,' 'continues,' 'goals,' 'targets' or future or conditional verbs, such as 'will,' 'should,' 'could,' or 'may,' and similar words and expressions, as well as statements that do not relate strictly to historical or current facts, are intended to identify forward-looking statements. All forward-looking statements, including management's examination of historical operating trends and data, are based upon Kodak's current expectations and assumptions. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results or outcomes, or timing of actual results or outcomes, to differ materially from historical results or those expressed in or implied by such forward-looking statements. Important factors that could cause actual events, results or outcomes, or their timing, to differ materially from the forward-looking statements include, among others, the risks and uncertainties described in more detail in Kodak's Annual Report on Form 10-K for the year ended December 31, 2024 under the headings 'Business,' 'Risk Factors,' 'Legal Proceedings,' and/or 'Management's Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources,' in the corresponding sections of Kodak's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and in other filings Kodak makes with the U.S. Securities and Exchange Commission from time to time, as well as the following: Kodak's ability to improve and sustain its operating structure, cash flow, profitability and other financial results; Kodak's ability to achieve strategic objectives, cash forecasts, financial projections and projected growth; Kodak's ability to achieve the financial and operational results contained in its business plans; Kodak's ability to obtain additional or alternate financing if and as needed, Kodak's continued ability to manage world-wide cash through intercompany loans, distributions and other mechanisms, and Kodak's ability to provide or facilitate financing for its customers; Kodak's receipt of projected reversion proceeds from the liquidation of the Kodak Retirement Income Plan (KRIP) at the time contemplated; Kodak's ability to fund continued investments, capital needs and collateral requirements and to service its debt and Series B Preferred Stock and Series C Preferred Stock; changes in foreign currency exchange rates, commodity prices, interest rates and tariff rates; the impact of the global economic environment, including inflationary pressures, geopolitical issues such as the war in Ukraine and conflicts involving Israel, medical epidemics, changes in trade policies, including tariffs or other trade restrictions or the threat of such actions, and Kodak's ability to effectively mitigate the associated increased costs of aluminum and other raw materials, energy, labor, shipping, delays in shipment and production times, and fluctuations in demand; Kodak's ability to effectively compete with large, well-financed industry participants or with competitors whose cost structure is lower than Kodak's; the performance by third parties of their obligations to supply products, components or services to Kodak and Kodak's ability to address supply chain disruptions and continue to obtain raw materials and components available from single or limited sources of supply, which may be adversely affected by the war in Ukraine, the conflicts involving Israel, changes in trade policies, including tariffs or other trade restrictions or the threat of such actions, and residual effects of the COVID-19 pandemic; Kodak's ability to comply with the covenants in its various credit facilities; Kodak's ability to effectively anticipate technology and industry trends, including related to artificial intelligence (AI), and develop and market new products, solutions and technologies, including products based on its technology and expertise that relate to industries in which it does not currently conduct material business; Kodak's ability to effect strategic transactions, such as investments, acquisitions, strategic alliances, divestitures and similar transactions, or to achieve the benefits sought to be achieved from such strategic transactions; Kodak's continued ability to manage, defend and resolve a variety of current and legacy claims without incurring material losses or disruptions to its business and to bear the costs associated with such claims; Kodak's ability to discontinue, sell or spin-off certain non-core businesses or operations, or otherwise monetize assets; and the potential impact of force majeure events, cyber‐attacks or other data security incidents or information technology (IT) outages that could disrupt or otherwise harm Kodak's operations. Future events and other factors may cause Kodak's actual results to differ materially from the forward-looking statements. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included or referenced in this press release. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by law. APPENDICES In this second quarter 2025 financial results news release, reference is made to the following non-GAAP financial measures: Operational EBITDA; and Revenues and Operational EBITDA on a constant currency basis. Kodak believes that these non-GAAP measures represent important internal measures of performance. Accordingly, where they are provided, it is to give investors the same financial data management uses with the belief that this information will assist the investment community in properly assessing the underlying performance of Kodak, its financial condition, results of operations and cash flow. Kodak's segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization ('Operational EBITDA'). Operational EBITDA represents the (loss) earnings from continuing operations excluding the provision for income taxes; non-service cost components of pension and other postemployment benefits income; depreciation and amortization expense; restructuring costs and other; consulting and other costs; stock-based compensation expense; idle costs; other operating expense; interest expense; and other charges, net. The change in revenues and Operational EBITDA on a constant currency basis, as presented in this financial results news release, is calculated by using average foreign exchange rates for the three months ended June 30, 2024, rather than the actual average exchange rates in effect for the three months ended June 30, 2025. The following table reconciles the most directly comparable GAAP measure of Net (Loss) Income to Operational EBITDA and Operational EBITDA on a constant currency basis for the three months ended June 30, 2025 and 2024, respectively: (in millions) Q2 2025 Q2 2024 $Change % Change Net (Loss) Income $ (26 ) $ 26 $ (52 ) (200 )% Depreciation and amortization 7 6 1 Restructuring costs and other (1) 6 — 6 Stock based compensation 1 1 — Consulting and other costs (2) (1 ) 1 (2 ) Idle costs (3) 1 1 — Other operating expense, net (4) — 1 (1 ) Interest expense (4) 15 15 — Pension income excluding service cost component (4) (16 ) (41 ) 25 Other charges, net (4) 20 1 19 Provision for income taxes (4) 2 1 1 Operational EBITDA $ 9 $ 12 $ (3 ) (25 )% Impact of foreign exchange (5) (1 ) — (1 ) Operational EBITDA on a constant currency basis $ 8 $ 12 $ (4 ) (33 )% Expand Footnote Explanations: (1) Restructuring costs and other for the three months ended June 30, 2025 included $5 million that was recorded in Restructuring costs and other in the Consolidated Statement of Operations. The remaining $1 million related to inventory write-offs and was recorded as Cost of revenues in the Consolidated Statement of Operations. (2) Consulting and other costs are professional services and internal costs associated with corporate strategic initiatives and litigation. Consulting and other costs included $1 million of income in the three months ended June 30, 2025, respectively, representing insurance reimbursement of legal costs previously paid by the Company associated with investigations and litigation matters. (3) Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations and the costs, net of any rental income received, of underutilized portions of certain properties. (4) As reported in the Consolidated Statement of Operations (5) The impact of foreign exchange is calculated by using average foreign exchange rates for the three months ended June 30, 2024, rather than the actual average exchange rates in effect for the three months ended June 30, 2025. Expand A. FINANCIAL STATEMENTS Eastman Kodak Company Consolidated Statement of Operations (Unaudited) June 30, (in millions, except per share data) 2025 2024 Revenues Sales $ 226 $ 227 Services 37 40 Total revenues 263 267 Cost of revenues Sales 184 181 Services 28 28 Total cost of revenues 212 209 Gross profit 51 58 Selling, general and administrative expenses 41 47 Research and development costs 9 8 Restructuring costs and other 6 — Other operating expense, net — 1 (Loss) earnings from operations before interest expense, pension income excluding service cost component, other charges, net and income taxes (5 ) 2 Interest expense 15 15 Pension income excluding service cost component (16 ) (41 ) Other charges, net 20 1 (Loss) earnings from operations before income taxes (24 ) 27 Provision for income taxes 2 1 NET (LOSS) EARNINGS $ (26 ) $ 26 Basic net (loss) earnings per share attributable to Eastman Kodak Company common shareholders $ (0.36 ) $ 0.25 Diluted net (loss) earnings per share attributable to Eastman Kodak Company common shareholders $ (0.36 ) $ 0.23 Number of common shares used in basic and diluted net (loss) earnings per share Basic 80.9 80.1 Diluted 80.9 92.4 Expand The notes accompanying the financial statements contained in the Company's second quarter 2025 Form 10-Q are an integral part of these consolidated financial statements. Eastman Kodak Company Consolidated Statement of Financial Position (Unaudited) The notes accompanying the financial statements contained in the Company's second quarter 2025 Form 10-Q are an integral part of these consolidated financial statements. Eastman Kodak Company Six Months Ended June 30, (in millions) 2025 2024 Cash flows from operating activities: Net (loss) earnings $ (33 ) $ 58 Adjustments to reconcile to net cash (used in) provided by operating activities: Depreciation and amortization 14 13 Pension and postretirement income (28 ) (73 ) Asset impairment 17 — Paid-in-kind interest expense 21 11 Non-cash changes in workers' compensation and employee benefit reserves 1 (1 ) Stock based compensation 3 4 Net gain from sale of assets — (17 ) Provision (benefit) for deferred income taxes 1 (1 ) (Increase) decrease in trade receivables (3 ) 51 Decrease (increase) in miscellaneous receivables 3 (1 ) Increase in inventories (13 ) (18 ) Decrease in trade payables (8 ) (1 ) Decrease in liabilities excluding borrowings and trade payables (21 ) (22 ) Other items, net 16 7 Total adjustments 3 (48 ) Net cash (used in) provided by operating activities (30 ) 10 Cash flows from investing activities: Additions to properties (24 ) (19 ) Proceeds from sale of assets 5 17 Net cash used in investing activities (19 ) (2 ) Cash flows from financing activities: Repayment of Amended and Restated Term Loan Agreement — (17 ) Preferred stock cash dividend payments (2 ) (2 ) Treasury stock purchases (2 ) (1 ) Net cash used in financing activities (4 ) (20 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 5 (5 ) Net decrease in cash, cash equivalents and restricted cash (48 ) (17 ) Cash, cash equivalents and restricted cash, beginning of period 301 377 Cash, cash equivalents and restricted cash, end of period $ 253 $ 360 Expand The notes accompanying the financial statements contained in the Company's second quarter 2025 Form 10-Q are an integral part of these consolidated financial statements.
CNBC
18 minutes ago
- CNBC
StubHub IPO is back on for September after ticketing company delayed plans on tariff concerns
StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has learned. The company originally paused its IPO plans in April as the stock market was reeling from President Donald Trump's "liberation day" tariffs. The decision came after StubHub submitted its prospectus in March indicating it would list on the New York Stock Exchange under the ticker "STUB." StubHub now expects to kick off its IPO roadshow after Labor Day, Sept. 1, and make its debut later in the month, according to a source familiar with the matter who asked not to be named because the discussions are confidential. The company didn't immediately respond to a request for comment. StubHub also filed an updated IPO prospectus on Monday. It reported revenue growth in the first quarter of 10% from a year earlier to $397.6 million. Operating income came in at $26.8 million for the period, after the company lost $883,000 in the year-ago period, but its net loss widened to $35.9 million from $29.7 million a year ago. The IPO market has come to life in recent months after an extended dry spell due to high inflation and rising interest rates. A flurry of startups have made their public debuts, including rocket maker Firefly Aerospace, design software company Figma, crypto firm Circle and AI infrastructure provider CoreWeave. Bullish, the cryptocurrency exchange that counts Peter Thiel as an investor, also filed its IPO prospectus last month. StubHub has been a longtime player in the ticketing industry since its launch in 2000. It was purchased by eBay for $310 million in 2007, but was reacquired by its co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo. The company had sought a $16.5 billion valuation before it began the IPO process, CNBC previously reported. StubHub didn't provide an expected pricing range for its shares in the filing. As it prepares to go public, StubHub is contending with hefty competition in the online ticketing market. In addition to Ticketmaster, which is owned by Live Nation, StubHub is up against secondary market companies, including Vivid Seats, SeatGeek and TicketNetwork For the first quarter, StubHub reported gross merchandise sales of $2.08 billion, up 15% from a year prior. That was a slowdown from 47% expansion the previous quarter. StubHub said GMS, or the total value paid by buyers for tickets and fulfillment, builds in each quarter and that initial sales for major concert tours typically occur near the end of the year.
Yahoo
21 minutes ago
- Yahoo
The new American workplace crisis: Return-to-office mandates lead to a working mom exodus
The historic surge in employment among working mothers seen during the pandemic has reversed sharply in 2025, as new data reveal tens of thousands of American women, especially those with young children, leaving the workforce. According to federal labor statistics analyzed by the Washington Post, the labor force participation rate for women ages 25 to 44 with children under 5 fell nearly three percentage points between January and June 2025, reaching its lowest level in over three years. Workforce trends and gender gaps Fortune's analysis integrates these workforce shifts with a broader view of corporate America's changing priorities. Our coverage finds: While flexible and remote work previously enabled women—particularly mothers—to remain employed, return-to-office requirements have pushed many out, with CEOs openly acknowledging greater losses of female talent. Surveys show that women who work from home report less feedback and mentorship than their in-office peers, raising new barriers to career advancement. Mothers working remotely often face the 'motherhood penalty'—less pay, fewer raises, and limited promotion prospects—while those forced back in person are sometimes left with only the option to quit. Despite a recent record in female workforce participation, the disappearance of flexibility risks lasting damage to women's financial independence and retirement readiness. Women flee the workforce Labor force participation of mothers with young children dropped from 69.7% to 66.9% between January and June 2025. 212,000 women age 20 and older have left the workforce since January—compared with 44,000 men who joined it. Full-time office requirements among Fortune 500 firms rose to 24% in 2Q25, up from 13% at the end of 2024. Flexibility vanishes; mothers exit This pullback follows the widespread rollback of remote and flexible work policies that initially ushered many mothers back to the job market. Major corporations and the federal government have now instituted strict return-to-office mandates, requiring five-days-a-week in-person attendance. For many mothers, the loss of flexibility means a logistical and financial reckoning. JPMorgan Chase, AT&T, and Amazon, among others, ramped up their in-office requirements in 2025, with Fortune reporting that the share of Fortune 500 companies with full-time mandates nearly doubled since late 2024. Employers report difficulty replacing departed female talent, with overall productivity suffering as a result. Childcare costs and cultural shifts bring complications Compounding these changes are rising childcare costs, closures of childcare centers due to lapsing federal aid, and a noticeable trend toward traditional gender roles. Social media movements like #tradwife encourage women to prioritize home and children, amplified by calls from political leaders for more parents to stay home. For many families facing unaffordable childcare, the decision is an economic necessity rather than a cultural choice. Black women and those with college degrees have been hit especially hard. The unemployment rate for Black women climbed to its highest in nearly four years; federal layoffs and the dismantling of diversity initiatives eliminated stable jobs that disproportionately supported minority women. Why it matters Experts interviewed by both the Washington Post and Fortune warn that these trends, if left unchecked, will have 'huge implications' for women's lifetime earnings, career prospects, and retirement security. With breaks in employment history, women frequently return to lower-paying jobs and face diminished opportunities for advancement. Studies, including a 2024 University of Pittsburgh analysis, similarly show that aggressive return-to-office mandates have led to a loss of senior employees—many of them women—threatening productivity and competitiveness. For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. This story was originally featured on Solve the daily Crossword
