Category Archives: business

All Eyes on Wall St. After 5 Weeks of Losses Spurred by Iran War

All three major stock indexes are down 7% since the war in Iran began five weeks ago and what started off as a short-term geopolitical flare up could turn into a longer-term slide. NBC’s business correspondent Brian Cheung reports for TODAY on the war’s impact on oil and gas prices, as well as mortgage rates as the Federal Reserve weighs an interest rate hike.

Fears of Recession Grow as Markets Plunge and Prices Skyrocket

The conflict in Iran is causing major market jitters with 401Ks plummeting and the prices for gas and groceries going up. On Friday, the Dow, NASDAQ and S&P 500 all closed sharply lower with the Dow dropping nearly 800 points, putting it into correction territory. NBC’s Brian Cheung joins Saturday TODAY to break down how the war is impacting the economy and the fears of a recession.