US Economy
Bitcoin rallies above $68,000 despite Iran conflict escalation
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Bitcoin surged above $68,000 on March 2, 2026, as cryptocurrency markets rebounded amid a muted global reaction to escalating tensions in the Middle East. The rally followed strong U.S. manufacturing data, with the ISM PMI rising to 52.4 in February, signaling economic expansion. Ether and other major coins also gained, adding over $100 billion to the total market capitalization in under an hour.
US spot Bitcoin ETFs experienced their largest weekly outflow in five months, shedding $1 billion and ending a six-week streak of inflows. The reversal comes as hotter inflation data prompted investors to reassess risk exposure.
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America's employers added 115,000 jobs in April, beating expectations even as the Iran conflict disrupted oil supplies and raised gas prices. The unemployment rate held steady at 4.3 percent.
Tesla's US EV market share jumped 30% to 56% in November 2025 despite a 23% sales drop to 39,800 units—the weakest quarter since 2022—while overall EV sales fell 41% post-tax credit expiration. Legacy rivals like Ford and GM face billions in losses amid a fragmented market.
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A recent MIT study suggests that artificial intelligence could currently displace up to 12% of the total US jobs market. This equates to one in nine workers potentially affected. The findings highlight ongoing concerns about AI's impact on employment.
Missouri and Texas players split a near-$1.8 billion Powerball jackpot. The event occurred on September 7, 2025, marking a significant lottery win.