Exploding Chargers Recall, Gambling Crackdown, Oil Chaos

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A nationwide recall is pulling dangerous products off shelves, regulators are questioning whether prediction markets cross into gambling, and oil prices are swinging on fresh geopolitical tension.

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Today’s Top Stories:

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These Phone Chargers Can Explode — Over 13,000 Sold at TJ Maxx and Marshalls

Federal regulators are warning consumers to immediately stop using certain magnetic wireless phone chargers sold nationwide. The devices reportedly pose a fire and burn hazard after multiple incidents.

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Are Prediction Markets Just Gambling in Disguise? NCAA Thinks So

The NCAA is urging federal regulators to clamp down on prediction markets tied to sports outcomes, arguing they blur the line between trading and gambling. If regulators act, fintech platforms, derivatives markets, and related public companies could face new compliance rules or outright restrictions.

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Oil Markets Whipsawed by Iran Tensions, Venezuela Shock and Supply Surplus Fears

Energy traders are reacting to headlines faster than fundamentals. Oil prices are swinging sharply as geopolitical developments collide with surplus supply concerns. Middle East risk premiums, political instability in Venezuela, and slowing demand growth are creating a volatile setup for crude prices.

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STOCK ALERT Wall Street Says the Economy Is Heating Up. These Cyclical Stocks Could Surge in 2026

With inflation cooling and rate cuts potentially ahead, analysts see improving conditions for economically sensitive stocks. Industrial, discretionary, and materials names could benefit if consumer spending and business investment rebound.

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