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
 
Dow Nasdaq S&P
+56.39   +73.10   +10.20
22,340.71   6,453.26   2,507.04
+0.25%   +1.15%   +0.41%
YTD +13.05%   YTD +19.88%   YTD +11.98%
 
Biggest Winners
Micron Technology Inc +8.51%
 
Applied Materials Inc +6.36%
 
Lam Research Corp +5.87%
 
Cintas Corp +5.81%
Biggest Losers
SCANA Corp -7.83%
 
Delphi Automotive PLC -4.20%
 
Kimco Realty Corp -3.72%
 
Iron Mountain Inc -3.12%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Stats Latest Today's Change
Oil $52.08 -0.06 / -0.12%
Gold $1,285.80 -2.00 / -0.16%
10-yr 2.31% +0.08 / +3.59%
Euro $1.17 -0.00 / -0.38%
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 »
 
 
 
 
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNowFeedback@turner.com
Sign up for
Quest's Profitable Moment
newsletter
  Sign up for
Before the Bell
newsletter
CNNMoney Investing App
 
Tips, thoughts or questions are always welcome at
MarketsNowFeedback@turner.com
 
® © 2016 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303
 
                                                 






This email was sent to adsbimasakti.bhinnekanews@blogger.com
why did I get this?    unsubscribe from this list    update subscription preferences
Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA