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Crypto Breaking News

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Bloomberg

Oil Climbs as US-Iran Deadlock Lifts Bond Yields

Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. Another rally in chipmakers left the S&P 500 at all-time highs, but most of the US equity benchmark's shares retreated

Read more: Oil Climbs as US-Iran Deadlock Lifts Bond Yields
Bloomberg

America's Capability and Creditably as An Ally Is Being Tested Says Conley

Heather Conley, a senior fellow at the American Enterprise Institute, said President Trump goes into his summit in China this week in a weakened position because of the continuing standoff with Iran after he rejected Tehran's latest peace offer. She also discussed the Ukraine ceasefire and what this means for the future for the region.

Read more: America's Capability and Creditably as An Ally Is Being Tested Says Conley
Bloomberg

Investing in the Age of AI Disruption

Mike Pyle, Deputy Head of BlackRock's Portfolio Management Group joined Bloomberg Open Interest to explain why AI isn't a bubble and how it's  reshaping the global economy. He breaks down the short-term inflation hit vs. long-term productivity boom, and why traditional 60/40 portfolios are failing to diversify in an AI-dominated market. He also warns investors may be underestimating the economic risks from the Iran conflict, global oil disruptions, and the Strait of Hormuz crisis.

Read more: Investing in the Age of AI Disruption
Bloomberg

US Citizens From Hantavirus Ship Isolated in Nebraska

US citizens who were on the Hondius cruise ship hit by a hantavirus outbreak are now being isolated in Nebraska. One person is in a specialized biocontainment unit after testing positive for the rare respiratory disease. Shares of Moderna are rising after the company said it's working on a vaccine. Sam Fazeli of Bloomberg Intelligence has more.

Read more: US Citizens From Hantavirus Ship Isolated in Nebraska