While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more

US tech stocks struggle to find safe haven in Iran’s stock market collapse

Six-month performance of the S&P 500, the technology sector and the Roundhill Magnificent 7 ETF

The technology sector, the Magnificent Seven stocks have been suffering since the start of the war The S&P 500 is on track for its worst quarter since 2022 High productivity, AI issues amid technological pressures Earnings expectations remain strong, valuations look even more attractive NEW YORK, March 31 (Reuters) – Technology shares are struggling to … Read more