Market News and Commentary May 7

U.S. Oil Cracks $70, Dollar Heads Towards 2018 High. Germany’s factory orders fall unexpectedly. Dollar marches to 4-month high as oil rally points to higher inflation. Oil prices are indicating a worst-case scenario on Iran nuclear deal, economist says. Buffett bashes Bitcoin as thriving on mystique, favors stocks. Kellyanne Conway denies White House credibility crisis. Warren Buffett: Autonomous driving cars ‘will be bad’ for insurance industry. 95,745,000: Record number not in labor force as Boomers retire.

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