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Oil jumps 7% as Trump warns of intensified Iran strikes; Sleep Number seeks rescue financing amid bankruptcy risk.

Market News
02 Apr 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Oil prices surged about 7% after President Trump threatened intensified military strikes on Iran over the next two to three weeks, signaling a potential escalation despite ongoing diplomatic talks. Sleep Number's shares plunged 21% premarket as the company seeks rescue financing to avoid bankruptcy due to high debt and weak sales, with shares down over 71% in the past month. Sam's Club raised its annual membership fees by $10, aligning with BJ's but still below Costco, aiming to support expanded services. Stitch Fix shares rose 3% after resuming share repurchases under a $150 million program.

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