Wednesday 27 September 2017

Record inequality: The top 1% controls 38.6% of America's wealth

The richest 1% of families controlled a record-high 38.6% of the country's wealth in 2016, according to a Federal Reserve report published on Wednesday.
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
Record inequality: The top 1% controls 38.6% of America's wealth
The richest 1% of families controlled a record-high 38.6% of the country's wealth in 2016, according to a Federal Reserve report published on Wednesday. Read more »
 
Who owns Puerto Rico's mountain of debt? You do
President Trump said Puerto Rico owes billions to Wall Street and the banks that "must be dealt with." But most of Puerto Rico's $73 billion in debt is owned by mom-and-pop investors through mutual funds. Read more »
 
Fumble! Nike's U.S. sales drop again
Nike, the worst performer in the Dow in 2016, continues to struggle. Although sales were up in China, a drop in demand for the Swoosh's products in the U.S. are hurting Nike. Read more »
 
Ryanair in retreat: Cancels more flights, drops Alitalia bid
Ryanair has been forced to cancel more flights because of a pilot shortage, bringing the total number of passengers affected to 715,000. Read more »
 
Is Trump trying to start a trade war with Canada?
The United States has picked a big fight with a powerful trading partner: Canada. Read more »
 
France-Germany rail merger aims to take on China
French high-speed train manufacturer Alstom is merging with the transportation unit of Germany's Siemens to create a European giant. Read more »
 
 
 
 
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