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Surging Oil Prices Threaten to Wreck High-Flying Tech Stocks

Key Points: Iran warned the world to prepare for crude oil prices hitting $200 per barrel. Goldman Sachs predicts oil could average $145 per barrel if the Strait of Hormuz remains closed for 60 days. Rising gas prices will likely crush consumer spending on expensive new tech gadgets. Analysts warn that supply chain costs will...

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...