Business

Understanding How Section 301 Tariffs Alter Retail Pricing and Supply Chains

Tariffs don't punish foreign governments—they act as a direct domestic consumption tax. Here is exactly how 2026's Section 301 border duties force retailers to hike prices on everyday goods.

Bitcoin Defies $797 Billion Tech Crash as AI Megacaps Plummet

Bitcoin held steady near $65,400 on Friday, entirely decoupling from a brutal tech stock selloff that wiped $797 billion from the Magnificent Seven in a single day.

Gallego Rejects GOP CLARITY Crypto Draft as ‘Not a Serious Effort’

Senator Ruben Gallego rejected the GOP’s CLARITY Act ethics draft on Thursday, dismissing it as "not a serious effort" as the Senate scrambles to secure 60 votes before the August recess.

Trump Levies New 12.5% Global Tariffs on 60 Countries Over Forced Labor

The Trump administration imposed sweeping new 12.5% tariffs on 60 countries early Friday, utilizing a forced-labor justification to rebuild trade barriers after a major Supreme Court defeat.

SEC schedules September summit as U.S. stock markets push for 24-hour trading

The SEC scheduled a September 17 roundtable in Washington, D.C. to address the transition to 24-hour stock trading as NYSE Arca targets a December 6 launch for its extended hours.

Brent Crude Breaches $100 as Middle East Blockades Choke 82% of Oil Exports

Vessel tracking data reveals an 82% collapse in Middle Eastern crude exports, dropping from 18.8 million barrels per day to just 3.4 million.

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