The widening gap between the rich and poor is not just an American problem. According to a new study, income inequality in most economically developed countries is the worst it has been in nearly 30 years. Here are the countries with the biggest spread between rich and poor.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of MO, AEA, CCK, GE, HIBB, HBC, ITC, LNKD, PCS, SAP, SON, TSO and VZ. Here are the top rumors of the day. The most important financial developments that will affect the day ahead ( the rise of Shale, BP fights with Halliburton).
Following S&P’s warning on the euro, these are the countries that could lose their AAA rating, and those that won’t.
The shale gas industry will support 870,000 jobs within four years. Analysts had expected the increase in energy work would come in solar and wind –not fossil fuels.
Talbots takes 24/7 Wall St.’s advice, sacks CEO.
HTC was the darling of the smartphone industry –until it faced real competition.
The federal government may not tax the rich to close budget holes, but some states may.
Have a great day!
JON C. OGG