El-Erian: Low-income Americans are near recession, putting rest of
Mohamed El-Erian, chief economic adviser at Allianz, warned that lower-income Americans are under "significant pressure" and that a halt to their spending would weigh on the
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Mohamed El-Erian, chief economic adviser at Allianz, warned that lower-income Americans are under "significant pressure" and that a halt to their spending would weigh on the
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Consumer sentiment in April fell sharply to a record low as high energy prices and market volatility weighed on American households.
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The stock has rallied to a key resistance level after its biggest three-day surge in five months, leading the "Magnificent Seven" stocks off the March 30 low.
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