U.S. Wealth Gap Widened from 2010-2013; Apple's Stocks Fall Further
All three main U.S. indexes end the day slightly down. The Fed announced today that the wealth gap in the U.S. widened from 2010-2013. Inflation-adjusted income also fell during that time period for all but the richest U.S. households, with the median income levels falling 5%. After hitting a record high a couple of weeks ago, Apple's (AAPL) shares have continued to fall. Concerns about recent security issues, mainly with Apple's iCloud, is sending some investors running.
Word on the Street
- The wealth gap widened from 2010-2013.
- USPS slashes prices by as much as 58%.
- Apple (AAPL) looking to enter the mobile payment industry.
- Alibaba expected to debut IPO as early as next week.
- Judge decides BP acted negligently in Gulf oil spill.
- Twitter (TWTR) rolling out a new Facebook (FB) like feed.
- Johnson & Johnson (JNJ) to accelerate development of Ebola vaccine.
Published on Sep 4, 2014By InvestorGuide Staff