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Kamala Harris could be the next governor of California. Weeks after being defeated by President-elect Donald Trump, the former Democratic presidential nominee has told her inner circle she will keep all options open, according to Politico. That could include California’s 2026 gubernatorial race. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
New 2025 laws hit hot topics from AI in movies to rapid-fire guns
I'm A Celebrity fans threaten to 'boycott' show after first celebrity reveal
Global E-Commerce Search Software Market Size, Share and Forecast By Key Players-Searchspring,Elastic,Algolia,Hawksearch,Crossover for WorkBest Buy ( BBY ) is preparing for President-elect Donald Trump's plans to implement new tariffs. On Monday, Trump posted on Truth Social that his administration plans to impose an additional 10% tariff on imports from China and a 25% tariff on imports from Mexico and Canada on Jan. 20, his first day in office. But American shoppers are likely to suffer higher prices as a result. "I absolutely can see a world where there's more consumer impact because the cost of those tariffs ends up flowing through to the consumer," Best Buy CEO Corie Barry told reporters on a media call. She noted that vendors have "very, very small margins in this industry, which means the vast majority of that tariff will probably be passed on to the consumer as a price increase." Roughly 60% of Best Buy's products come from China, and Mexico is its second-largest supplier, as many companies have moved production of larger items to the country in the last five years. Items produced there include appliances, desktop computers, and large TVs. The business doesn't import anything from Canada. Read more: How do tariffs work, and who really pays them? Other electronics that could be affected include tablets, phones, and some TVs. The news comes as Best Buy is struggling to woo shoppers. On Tuesday, the retailer posted negative same-store sales growth for the 12th consecutive quarter. Best Buy did not specify what sort of price increase would go into effect. Potential mitigation tactics the company and its vendors are looking into include importing products ahead of tariffs going into effect, making decisions around which products it offers, changing supply sources, and seeking to diversify to other countries that might offer viable alternatives. SharkNinja ( SN ), which sells its products at Best Buy, said the company has been diversifying its supply chain for the last five years. "The majority of that product is able to be made today outside of China," SharkNinja CEO Mark Barrocas told Yahoo Finance at Goldman Sachs' Global Retailing conference in September. "We intend to have all of our US production made outside of China by the end of 2025." Best Buy stock is under pressure, falling more than 7% on Tuesday. Year to date, shares are up nearly 17%, compared to a 27% gain for the S&P 500 ( ^GSPC ). Tariffs are a headwind for all general merchandise retailers that sell categories like apparel, furnishings, and electronics . During Trump's first term, companies dealt with Chinese tariffs by eating the costs or passing them on, Scott Lincicome of Stiefel Trade Policy Center told Yahoo Finance. Goldman Sachs managing director Kate McShane told Yahoo Finance that if Trump's tariffs from 2018 to 2019 were an indication, companies are likely to raise prices if more tariffs are added. "If there were to be tariffs, I think it would be inflationary for most retailers. In the past, what we've seen from tariffs is that prices go up," she said earlier this year. Walmart ( WMT ) CFO John David Rainey told Yahoo Finance's Morning Brief earlier this month that the company is "very accustomed" to "living in a tariff environment" over the past seven years. He added, "We're always going to look to work with our suppliers or use our own private brand assortment to try to bring down prices for customers ... we'll have to navigate that environment. Tariffs are inflationary for customers, but we want to work to bring down prices." Nearly two-thirds of Walmart's annual product spend is on items that are made, grown, or assembled in the US. "It's pretty drastic how it will impact earnings," TD Cowen analyst Oliver Chen told Yahoo Finance. "But I think this is all a starting point for negotiation. ... Overall earnings per share hits could be mid-single to high-single [digits], if not more, and the pass-through of the pricing" is what matters. He said retailers such as Walmart, Target ( TGT ), and Costco ( COST ) "have a lot of experience with supply chain," but "customers are probably not willing to accept price increases" after years of high inflation. “Effective trade policies will increase America’s competitive advantages in research, development, and innovation and will protect strategically critical infrastructure," National Retail Federation CEO Matthew Shay told Yahoo Finance. "However, the adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to a tax on American families," Shay added. "It will drive inflation and price increases and will result in job losses." Barry said that won't be the case. "I do not see a world right now where we're laying off employees or closing stores as a result of tariffs," she said. — Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @ BrookeDiPalma or email her at bdipalma@yahoofinance.com. Click here for all of the latest retail stock news and events to better inform your investing strategy
Stassi Schroeder may be pumping the brakes on her family sing-alongs after a recent accident. The Vanderpump Rules alum was left with a busted lip after her 3-year-old daughter Hartford accidentally stabbed her mom with a toy broom. The hilarious moment was captured in a priceless video posted to Instagram Dec. 27 by Stassi's husband Beau Clark . The clip showed Hartford belting out "Defying Gravity" from Wicked as her mom watched her performance beside their Christmas tree. However, the little one became a little too enthusiastic and accidentally hit her mother in the mouth. "Are you okay?" an apologetic Hartford quickly asked, before Stassi turned to Beau—who was filming—and inquired, "What do I look like? Is it really that bad?" Cut to blood dripping down Stassi's chin as Beau gasped, "Oh my god!" Hartford then brought Stassi a towel to wipe her lip and said, "I'm so sorry." "It's okay," Stassi—who is also mom to 15-month-old son Messer —sweetly replied. "It was an accident." Beau jokingly captioned the social media post, "Christmas was bloody Wicked this year!" In response, Stassi quipped in the comments section, "That side of my chin has always been numb ever since the chin implant lol." A post shared by Beau Clark (@thegoodthebadthebogie) Stassi's bloody fun holiday comes a few months after the foursome celebrated another major family milestone: Messer's first birthday. "My angel baby boy is 1 today and I’m not well," the Bravo alum shared in a September Instagram caption. "Real talk I don’t know how I got so lucky with this kid. He’s filled my heart in a way I never could’ve imagined. He’s so happy, loving, inquisitive, a tad demanding. He wants your full attention always. Loves to dance, loves to figure out how things work, loves people, loves to laugh. I know I’m biased, but he’s pretty close to perfection." Keep reading to see how other celebs and their kids rang in the holidays. Tori Spelling "Love Actually," the Beverly Hills, 90210 alum captioned this photo of herself and kids Liam McDermott , Stella McDermott , Hattie McDermott , Finn McDermott and Beau McDermott . "Merry Christmas and Happy Hanukkah to all. Sending love from our family to yours." David Beckham & Victoria Beckham The couple spiced up their Christmas celebrations with kids Brooklyn Beckham , Romeo Beckham , Cruz Beckham and Haper Beckham , as well as daughter-in-law Nicola Peltz . Britney Spears The "Toxic" singer and her youngest son Jayden Federline celebrated Christmas with a sweet reunion. Heather Rae El Moussa & Tarek El Moussa The HGTV stars celebrated the holidays with this hilarious snap featuring kids Taylor , Brayden and a tearful Tristan . Madonna The pop icon celebrated "X-mas and Hanukkah all at once" with her family, including daughters Lourdes , Mercy , Stella and Estere . Michael Bolton "Sending warm wishes for a holiday season filled with peace, love, and joy,” the singer wrote . “May the New Year bring health, happiness, and countless moments to cherish. Here’s to fresh starts and beautiful moments in 2025!" Gabourey Sidibe The Precious star rang in her first Christmas as a mom with twins Maya and Cooper . Tallulah Willus Bruce Willis and Demi Moore 's daughter got the greatest gift of all on Christmas Eve: a lifetime with her new fiancé Justin Acee . Dua Lipa The singer's holiday with boyfriend Callum Turner is not an illusion. Hoda Kotb The Today cohost got in the holiday spirit with her daughters Hope and Haley as well ex Joel Schiffman . Billy Joel "Merry Christmas to All," wrote the Piano Man, "and to All A Good Night!" Brooke Shields The supermodel and husband Chris Henchy posed alongside daughters Grier and Rowan. Reese Witherspoon "Wishing all of you a very Merry Christmas and Happy Holidays!" the actress captioned her snap with kids Ava Phillippe , Deacon Phillippe and Tennessee Toth. Brittany Mahomes While husband Patrick Mahomes and the Kansas City Chiefs took on the Pittsburgh Steelers Dec. 25, his pregnant wife cheered on from home with kids Sterling and Bronze. Christian Siriano The fashion designer attends David Barton and Susanne Bartsch ’s 25th annual toy drive at Gym U in New York City. Bronwyn Newport, Angie Katsanevas, Mary Cosby & Whitney Rose The Real Housewives of Salt Lake City costars escape the Utah snow to party at DIRECTV’s Christmas at Kathy’s bash in Beverly Hills. Larsa Pippen & Marysol Patton The Real Housewives of Miami costars rock Printfresh pajamas for Marysol's Recharge & Reset holiday pajama party. Kourtney Kardashian The Poosh founder gave fans a glimpse at her holiday decor, which included numerous Christmas trees all around her home, with one upside down. Kris Jenner The Kardashians star is definitely the most interesting to look at while attending Kathy & Nicky Hilton's Annual Holiday Printfresh Pajama Launch Party Benefitting Animal Haven and Camp Cocker Rescue in L.A. Jennifer Aniston The Friends alum showed off her festive Christmas tree, complete with her coveted olive jar ornament. Cynthia Bailey & Crystal Kung Minkoff The Real Housewives stars co-host The Abbey’s 15th Annual Tree Lighting Ceremony in honor of World AIDS Day benefiting The Elizabeth Taylor AIDS Foundation in West Hollywood. Kathy Hilton & Nicky Hilton The mother-daughter duo host the hottest holiday party in the 90210. Tarek El Moussa & Heather Rae El Moussa The lovebirds attend DIRECTV’s Christmas at Kathy’s party benefitting Ronald McDonald House charities. Heather Dubrow The Real Housewives of Orange County star swapped Prada for pajamas during Kathy & Nicky Hilton's Annual Holiday Printfresh Pajama Launch Party. Cynthia Bailey The Bravolebrity is pretty in pink at Kathy & Nicky Hilton's Annual Holiday Printfresh Pajama Launch Party. Lisa Barlow & Kathy Hilton The Real Housewives stars belt out a number at Kathy's DIRECTV bash in Beverly Hills. Dylan Mulvaney & Ashley Park The influencer and Emily and Paris star ring in the holidays in the comfiest way possible. Crystal Kung Minkoff The RHOBH alum attends BFF Kathy Hilton's holiday PJ party. John Janssen & Alexis Bellino The RHOC couple enjoy date night at DIRECTV’s Christmas at Kathy’s charity party. Kimora Lee Simmons The supermodel looks runway ready at Kathy & Nicky Hilton's Annual Holiday Printfresh Pajama Launch Party in L.A. (E! and Bravo are both part of the NBCUniversal family)