U.S. stocks traded mixed on Thursday, with the S&P 500 holding close to its record high as investors weighed the dual pull of cooling inflation and a Federal Reserve retreat on interest rate cuts. The S&P 500 (^GSPC) fell below the flat line as the benchmark hit 5,400 to close at a new all-time high. … Read more
Stock splits are back in the spotlight after Nvidia took this step recently. Investors should remember that this is merely a cosmetic move that does not change the value and fundamentals of a company. What a stock split does is increase the number of shares outstanding while lowering the price of each share. So the … Read more
Dow Jones futures fell modestly early Thursday, while S&P 500 and Nasdaq futures rose. Broadcom (AVGO) bounced overnight from strong earnings and a big stock split. Tesla ( TSLA ) emerged as Elon Musk says he expects to win his $56 billion payday vote. X Stock market gains were boosted Wednesday morning by softening CPI … Read more
Today Tesla shareholders will finally answer a $56 billion question hanging over the company: Can CEO Elon Musk keep his record salary? While Musk tweeted late Wednesday night that votes were trending to pass his pay package, official word won’t come down until later today — though Tesla shares rose nearly 7% in early trading. … Read more
Tesla’s shareholder vote on Elon Musk’s pay is in some ways a referendum on the performance of the company and its chief executive. Late on Wednesday, Mr Musk claimed victory in a social media post, saying votes in favor of his pay package were leading by a “wide margin”, giving Tesla shares a boost. But … Read more