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A pair of studies released in recent days show how the worst of the economic woes have hit lower-income and minority Americans.According to Pew Research, 46% of lower-income Americans have trouble paying bills since March. The data also indicated that 51 % of lower income Americans have had more difficulty saving money since the start of the pandemic.For those considered “upper income,” just 21% say were saving less money than before the pandemic, compared to 25% of upper-income Americans who were able to save more, according to Pew.Pew’s data also showed that minorities were much more likely to be financially impacted. The data showed that 11% of whites received assistance from a food pantry or food bank since March, compared to 33% of Blacks and 30% of Hispanics.The data also showed that Blacks and Hispanics were two times more likely to have difficulty paying bills.A study by Harvard released earlier this month showed similar data.The data found that 71% of Americans with a household income of less than ,000 faced financial difficulty amid the pandemic, compared to 20% of households making more than 0,000. The data also found that 72% of Latinos and 60% of Blacks faced financial burdens compared to 36% of whites. 1250

A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.Daniel Pinto, JPMorgan's co-president, said during an interview on Bloomberg Television Thursday that he believes market gains should continue for the next year or two. But he added that investors are nervous, and that the recent announcement about tariffs and trade wars contribute to their unease."Markets are going to be nervous, nervous about anything. Nervous about anything that relates to inflation, nervous about anything that relates to growth," he said. "These tariffs, if they go a lot beyond what has been announced, it is something that will concern the markets about future growth."He said it's normal for there to be a correction at the end of an investing cycle, and that markets could be heading for a "deep correction" of between 20% and 40%, depending upon the market values at the time the downturn starts."We know there will be correction at some point," he said.Related: Wall Street is on edge about tariffsThe markets briefly fell into correction territory last month as the the Dow Jones industrial average plummeted more than 3,200 points, or 12%, in just two weeks. The market then rallied from those lows, and the S&P 500 and Dow both ended February up for the year.But so far this month, concerns about a possible trade war and the departure of former Goldman Sachs executive Gary Cohn as President Donald Trump's chief economic adviser roiled markets once again.Related: Trump's tariff bombshell - Catch up herePinto oversees corporate and investment banking at JPMorgan Chase, the nation's largest bank. In January he was promoted to co-president and co-chief operating officer, setting him up as one of the two leading contenders to be the next CEO when Jamie Dimon retires. Dimon has said he intends to stay in place until at least 2023, though.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1987

A popular New Jersey restaurant is drawing criticism for a policy making underage customers pay an 18 percent tip for their order, the New York Post reported.The Wayne Hills Diner in Wayne, New Jersey is reportedly a popular spot for teenagers and children after school, but its management says that children don't always tip. That is why it has enforced a policy adding gratuity to underage customers, but not adults."My employees need to get paid. They don't work for free," the restaurant's manager told the Post. The restaurant says it is not trying to scare off young customers. "We love the kids. They've been coming for years. We're a family-owned business," the manager told the New York post. "There's too much publicity for nothing. But some parents think it is unfair to make children tip, while not making adults add gratuity."I was angry because I had been there the week before and I had been there with a group of five, some kids and some children, and I was not charged this gratuity," long-time customer Melissa Desch told WABC-TV.Desch said that her 11-year-old daughter spotted the added gratuity after she got her receipt. "He said that's policy because the kids run out and he feels that they don't tip well, and they don't know how to tip was the explanation," she told WABC. "I said I could understand that, but again, they're not being given the option, they're being forced to pay them." 1445

A United State Marine Corps AV-8B Harrier II jet crashed in Djibouti, in East Africa, on Tuesday, according to two defense officials.The pilot was able to eject and is currently being medically evaluated the officials added. The extent of the pilot's injuries are currently unknown.The United States has a large military presence in Djibouti based at Camp Lemonnier.  380

A man who tried to enter a teenage girl's bathroom stall was confronted and killed by the girl's father, officials say. According to Phoenix police, around 11:30 p.m. on August 2, 40-year-old Melvin Harris went to the QuikTrip near Dunlap and 19th avenues to pick up his teenage daughter and her friends. A man, who would later become the victim, approached Harris' car in the parking lot and asked for money. Harris gave him some money, and he went into the QT. Harris was later informed that a man tried to enter the bathroom stall his daughter was using. The teen told an employee, who in turn alerted an on-duty security guard. The man exited the store and was pointed out to Harris, who realized it was the same man he had given money to earlier. Harris went into the store and told the security guard that, "he needed to take care of the situation, or [Harris] would do it himself." The guard reportedly told Harris he would handle it. According to witnesses, Harris later approached the man and punched him in the face. Witnesses also reportedly told police that Harris stood over him, hitting him in the face several more times. He also allegedly kicked and stomped on him. Harris then left the area. Police identified and located Harris at his home nearby. He reportedly told police that the man punched him first, hitting him in the neck. He denied striking the man when he was down. The victim was taken to the hospital with a broken nose and brain injuries. He later died.Harris has been charged with second-degree murder. 1612

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