Main Street Independent

Retailers cut product choices as tariffs and supply costs rise

Illustration accompanying article: Retailers cut product choices as tariffs and supply costs rise
  • Under Armour has cut more than 25% of its products over the past two years, shifting investment to its bestselling items.
  • Helen of Troy has trimmed its product selection to reduce the impact of higher U.S. tariffs.
  • BSI said about a quarter of surveyed U.S. companies plan to reduce their product range over the next six months.
  • Yedi Houseware pared orders of some products and increased focus on others after tariffs on Chinese imports fluctuated.
 2026-09-01 · 3 MIN READ

US 10-year Treasury yield hits 4.79% amid renewed Middle East strikes

Illustration accompanying article: US 10-year Treasury yield hits 4.79% amid renewed Middle East strikes
  • US 10-year Treasury yields climbed to 4.79% on Tuesday, the highest level since January 2025, as oil prices rose above $92 a barrel on renewed Middle East strikes.
  • Federal Reserve Governor Michael Barr said inflation had been "too high for five years" and warned that if it does not cool, policymakers "should act decisively to raise rates."
  • US 30-year mortgage rates rose to a one-year high of 6.66% as Treasury yields climbed, while the US national debt passed the $40 trillion mark.
  • The Federal Reserve has held its policy rate at 3.5% to 3.75% for months, even as consumer prices rose 3.4% over the year to July, above the central bank's 2% target.
  • Treasury Secretary Scott Bessent said the US government would buy back more debt in a bid to lower rates after borrowing costs on 30-year US debt hit levels not seen since 2007, though the market's reaction to the announcement proved short-lived.
 2026-09-01 · 4 MIN READ
Germany blames Russia for Leipzig drone plot, vows retaliation