No, we are not in a state of war, so Congress has the sole ability to levy tariffs. It’s in the constitution, dummy. Stocks opened down 600 points but then rallied when traders figured out that importers will get to get $500 billion worth of import taxes back. On the other hand, it will add $500 billion to the already monstrous National Debt, so long bonds (TLT) tanked….again.

and silver a 14-year high. My targets are still $5,000 for the barbarous relic and $50 for white gold. Gold rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and economic risks. Spot Gold was up 1.5% at $3,526.70 per ounce, after climbing to as high as $3,526.22. Bullion has gained nearly 34% this year.

taking the stock. So, Ketchup and mustard don’t mix after all. (KHC) will split into two companies, one focused on groceries and the other on sauces and spreads, dismantling a packaged goods giant that never achieved the growth expected when it was formed a decade ago.

The spinoff is the latest in a series of rearrangements among major global consumer brands that once embraced the conglomerate model, but are now rethinking their business structure amid sluggish sales, depressed valuations, and high tariffs.

with a $4 billion stake. PepsiCo's stock has lagged its biggest rival, Coca-Cola (KO.N), over the past five years, as the Quaker Oats maker tackles choppy demand for its snacks business and pursues a shift to healthier drinks and sodas.

at 7.13 Million. Job openings, a measure of labor demand, dropped 176,000 to 7.181 million by the last day of July, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday. Economists polled by Reuters had forecast 7.378 million unfilled jobs. Another vote for a rate cut on September 17.