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Bitcoin Swings Wildly as Trump and Khamenei Escalate Middle East War

Key Points: Bitcoin surged near $74,000 before losing some of its recent gains. The ongoing war in the Middle East drives massive price swings for digital assets. Traders increasingly treat the popular cryptocurrency as a safe-haven investment. Spot Bitcoin funds saw over $1.6 billion in new investments this past month. Bitcoin investors face a wild...

Consumer Staples Stocks Lose Shine as Inflation and High Prices Scare Investors

Key Points: Consumer staples stocks fell 5.6 percent in March after hitting a record high in February. Investors originally bought these stocks to escape the risky artificial intelligence tech boom. The ongoing war in Iran threatens to increase inflation and shrink everyday consumer spending. Food companies like General Mills and Campbell's recently lowered their profit...

Oil Prices Hit $100 as Iran Blocks Vital Waterway

Key Points: Brent crude oil briefly crossed $100 per barrel during record market volatility. Iran effectively shut down the Strait of Hormuz, trapping a fifth of global oil supplies. The International Energy Agency released 400 million barrels of emergency reserves to calm markets. US Energy Secretary Chris Wright says the Navy will try to escort...