Dow, S&P 500, Nasdaq notch solid gains in Q3 [Video]

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  • Plus – Trump pounding the table today on tax reform.
  • But – a new report says its a big win – for the rich.
  • Plus a look ahead to everything you need to know about next week.
  • Stocks in the red today include Revlon as traders took profit on the cosmetics name following a huge run-up this week, LSC Communications as Citi downgraded the print & digital media solutions company to sell citing competition, and GW Pharmaceuticals – shares of the biopharma name dropping as rival Zogenix…
  • Stocks on the move higher include KB Home as the homebuilder beat on earnings and reported double-digit sales growth, Valeant as the drugmaker sold its iNova unit for $930 million, and Nvidia – shares getting a lift as Citi raised it price target for the chipmaker to $210, citing its…

The S&P 500 and Nasdaq poised for new all-time highs, as we close out a stellar third quarter. Stocks in the red today include Revlon as traders took profit on the cosmetics name following a huge run-up this week, LSC Communications as Citi downgraded the print & digital media solutions company to sell
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Just 62 people now own the same wealth as half the world’s population, research finds

  • The world’s richest are getting richer while the wealth of the poorest is being spread more thinly
  • Just 62 people now own the same wealth as half the world’s population, research finds
  • A significant number of tax havens are also British Crown dependencies and have Queen Elizabeth II as their head of state.
  • The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world’s population – 3.6 billion people – has fallen by 41 per cent, or a trillion US dollars, since 2010.
  • The money, if collected, might otherwise be destined for the world’s poorest.

Wealth inequality has grown to the stage where 62 of the world’s richest people own as much as the poorest half of humanity combined, according to a new report. The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world’s population – 3.6 billion people – has fallen by 41 per cent, or a trillion US dollars, since 2010. While this group has become poorer, the wealth of the richest 62 people on the planet has increased by more than half a trillion dollars to $1.76 trillion.
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