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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Hawaii under state of emergency ahead of Hurricane Kiko
Hawaii has declared a state of emergency in anticipation of Hurricane Kiko, which is expected to bring tropical storm-force winds, heavy rainfall, and high surf starting September 8, 2025. The emergency measures activate state resources for public safety and encourage residents to prepare for potential impacts as the storm weakens while approaching the islands. Want More Context? 🔎
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