Global stocks slumped and the dollar sank further on Friday amid escalating worldwide tariffs, causing a manic bond selloff and sparking a rush into safe havens like the Swiss franc and gold. The selloff in U.S. Treasuries accelerated, with the 10-year note yield rising significantly, leading to concerns about confidence in the U.S. economy. The ongoing Sino-U.S. trade war, with Trump increasing tariffs on Chinese imports and China retaliating, has heightened uncertainty, while the dollar’s decline has benefited currencies in emerging markets and led to a surge in gold prices.
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Nearly a dozen injured after 400-person NYC yacht strikes Manhattan dock
Nearly a dozen people were injured when a mega-yacht carrying about 400 passengers struck a dock on the Hudson River in Manhattan on Saturday afternoon. Nine individuals were transported to local hospitals with minor injuries, and no fatalities have been reported; the yacht was later towed to a nearby dock, with its condition currently unknown. Need More Context? 🔎
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