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5 Things to Know Today: U.S. Alcohol Ban, GDP Day, 5.25% Yields (Sept 29)

  Tuesday September 29, 2026 A U.S. import ban on Canadian booze kicks in, Statistics Canada reports July GDP, and U.S. bond yields sit at levels not seen since 2007. Here are the five things that matter for your wallet today. 1 The U.S. ban on Canadian alcohol takes effect today As of 12:01 a.m. ET, the U.S. is refusing entry to many Canadian beer, wine, cider and spirits shipments, along with whey products, molasses and larger motorcycles. The measures were signed Sept. 8 and largely replace the 50% tariffs that applied to these goods. Bottles already in the U.S. can still be sold, and product shipped in bulk to be bottled south of the border appears to fall outside the ban. Canadian producers say pivoting to domestic sales won't be easy, because a patchwork of provincial rules complicates selling across borders. What it means for you: The ban hits exports, not what you pay at the store. The exposure is for people who work in or own shares of brewers, distillers and wineries, a...
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Judge Holds Trump in Contempt, Fines Him $9,000 in Hush Money Trial

 

Former President Donald Trump faced a stinging rebuke in court today as Judge Juan M. Merchan held him in contempt and fined him $9,000. The charges stem from Trump’s repeated violations of a gag order that barred him from making public statements about witnesses, jurors, and others connected to his New York hush money case. Prosecutors had alleged ten violations, but the judge found nine to be substantiated.

The historic trial centers around Manhattan prosecutors’ claims that Trump and his associates participated in an illegal scheme to influence the 2016 presidential campaign by burying negative stories. The allegations involve hush money payments and attempts to suppress unflattering rumors and claims about Trump and women. Trump has pleaded not guilty to the charges.

The courtroom was tense as Trump, accompanied by his son Eric, faced the consequences of his actions. The judge’s warning loomed: if Trump violates the gag order again, he could face jail time.

Prosecutors are meticulously building their case, relying on detailed testimony about email exchanges, business transactions, and bank accounts. Their argument is that Trump is guilty of 34 felony counts of falsifying business records in connection with the hush money payments. The trial is leading up to crucial testimony from Trump’s former attorney, Michael Cohen, who went to federal prison after pleading guilty to campaign finance violations and other crimes.

As the trial unfolds, the world watches closely, witnessing a former U.S. president facing criminal charges in a courtroom. The outcome will have far-reaching implications, shaping the legacy of a presidency marked by controversy and legal battles. Stay tuned for further updates as the trial continues.

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