Bitcoin spirals, Microsoft slips, and the best states for property taxes: Markets news roundup

The highest-earning 10% of Americans are powering the economy at the highest levels since the 1990s, according to new data.

While most people are saddled by inflation, debt, and stagnating wages, those making more than $250,000 are spending like there’s no tomorrow, according to data from Moody’s Analytics reported by the Wall Street Journal.

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