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The U.S. Alcohol Ban Is Now Live: Who's Exempt, Who's Shut Out, and What It Means for Your Wallet

  At 12:01 a.m. ET on Tuesday, Sept. 29, the United States stopped letting most packaged Canadian beer, wine, cider and spirits through the border. Not taxed. Blocked. It's the sharpest step yet in the alcohol front of the trade war, and it lands on a very uneven set of shoulders. Two weeks ago we walked through what was coming. Now that it's live, here's what the ban actually covers, who slips through, and what it does (and doesn't) mean for your own budget. What took effect The White House announced the measures on Sept. 8, after Canada's own retaliation tariffs kicked in. The U.S. framed them as a response to Canada's treatment of American dairy, autos and alcohol, and to provinces pulling U.S. liquor from their shelves. The ban covers packaged Canadian beer (including non-alcoholic), wine, cider and spirits, plus whey products, molasses and motorcycles over 800cc. Many of the alcohol products were already facing a 50% U.S. tariff imposed in August; the ban ...
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S&P 500 and Nasdaq Set to Jump as Nvidia Surge Continues


US stock indexes are poised for gains early today as Nvidia’s record-breaking surge continues. The tech-heavy Nasdaq Composite futures lead the way, up about 0.7%, while S&P 500 futures point up around 0.4%. This follows the S&P 500’s 31st record close of the year on Tuesday.

Nvidia’s meteoric rise has captured investors’ attention, with its stock up more than 170% so far this year. Just two weeks after dethroning Apple as the No. 2 most valuable company, Nvidia now claims the title of the world’s most valuable public company, surpassing Microsoft.

Elsewhere, global central banks are in focus, with the Swiss National Bank cutting rates for the second time this year. The Bank of England maintains its benchmark rate at a 16-year high but signals a potential rate cut in the summer. In the US, traders continue to bet on a Fed rate cut by September.

Keep an eye on weekly jobless claims data today for further insights into the macroeconomic landscape.


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