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WASHINGTON (Reuters) - The median U.S. household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between white- and non-white households widened, government data showed on Wednesday. The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year. “Without adjusting for the change in the income questions, 2017 has the highest median household income on record since 1967,” said Jonathan Rothbaum, chief of income statistics at the Census Bureau. “When you adjust for the change, median household income in previous years was just as high.”.

But while the median household income for white, non-Hispanic households rose 2.6 percent to $68,145 in 2017 and rose 3.7 percent to $50,486 for Hispanic households, it fell 0.2 percent to $40,258 for African-American households, The report showed that the poverty rate — the percentage of people living in poverty — fell to 12.3 percent last year from 12.7 percent in 2016, The Census Bureau also said about 28.5 million residents did not have health insurance in 2017, not statistically florida panthers shield cufflinks different from the previous year..

“While any reduction in poverty or increase in income is a step in the right direction, most families have just barely made up the ground lost over the past decade,” said Elise Gould, senior economist at the Washington-based Economic Policy Institute. “In 2015 and 2016, income growth was stronger and broad-based, with growth for low- and middle-income households tracking overall growth. In 2017, however, well-worn patterns of inequality reemerged, with stronger growth at the top than for typical households,” Gould added.

The Census report showed the poverty threshold in 2017 was an income of $24,858 for a family of four, Analysts say this number shows a trend of declining poverty that has persisted since 2014 under the tenure of former President Barack Obama, The jump in overall income in Wednesday’s report showcases the U.S, economy’s recovery from the 2007-09 recession that was felt by many American households in 2017, largely driven by a robust labor market, “The equity markets and overall industry sentiment have picked florida panthers shield cufflinks up during President Trump’s tenure, but he did inherit a relatively downward trend on the unemployment and income rates, among other metrics like poverty,” said Chris Christopher, executive director of consumer economics at IHS Markit in St, Louis, Missouri..

NEW YORK (Reuters) - Jamie Dimon, CEO of JPMorgan Chase & Co (JPM.N), quickly backtracked on Wednesday morning from having said he could beat President Donald Trump in a campaign but not liberal Democrats. “I should not have said it. I’m not running for President,” Dimon said in a written statement released within an hour of his original comments. Dimon said his original remark “proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”.

Dimon, at an event promoting a $500 million florida panthers shield cufflinks JPMorgan investment in cities, first said, “I think I could beat Trump ., because I’m as tough as he is, I’m smarter than he is,” according to CNBC, adding: “I can’t beat the liberal side of the Democratic party.”, “And by the way this wealthy New Yorker actually earned his money,” Dimon added, “It wasn’t a gift from Daddy.”, Dimon, 62, has said publicly in the past he will not run for president and does not have the temperament for the job, He said in January he expects to be chief executive officer of the bank for about five years..

(Reuters) - Shares of Chinese electric carmaker NIO Inc (NIO.N) recovered sharply from a 15 percent fall in their market debut on Wednesday, a day after the company’s IPO was priced at the lower end of the expected range. NIO shares rose as much as 11 percent to $6.93 in afternoon trading, giving it a market capitalization of $7.11 billion. The rebound in shares was a welcome relief for NIO, whose offering came under pressure as investors have turned wary about electric carmakers due to struggles at its chief rival Tesla Inc (TSLA.O).

Investors have worried about Tesla’s cash-burn rate as the company struggles to meet its production targets amid its efforts to become a mass-market automaker, NIO began deliveries of its ES8 SUVs in June and in August sold 1,121 units, The company plans to launch a second, lower-priced electric sport-utility vehicle, the ES6, by the end of this year, NIO, founded by Chinese entrepreneur William Li in 2014, incurred a net loss of $502.6 million in the first six months of 2018 on $6.95 florida panthers shield cufflinks million in revenue, It has $677 million in cash and cash equivalents as of June 30..

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