Latest Business News: Stocks Slide on Wall Street

Wochit 0:47 mins

Stocks are sliding in morning trading on Wall Street despite some positive news on the economy. Experts say with growth slowing in the high-end smartphone market, many industry watchers have suggested that Apple?s much rumored entry-level iPhone is a necessity if the company hopes to prevent a complete market share collapse Experts say last week?s nationwide strikes by fast-food workers seeking higher wages have not only reenergized the debate over income inequality but have refocused attention on whether or not U.S. corporations have an obligation to pay their workers a ?living wage.?

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