CEOs See Big Pay Bump as Inflation Pinches Workers
The AP analyzed Equilar data showing S P 500 chief executives earned a median package of 16.3 million in 2023, up 12.6 percent, while private sector wages rose 4.1 percent. About two dozen CEOs gained increases of 50 percent or more, led by Broadcom’s Hock Tan at 162 million, with other top earners including William Lansing, Tim Cook, Hamid Moghadam, and Ted Sarandos.
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U S Job Openings Fall to Three Year Low
The Labor Department reports April vacancies at 8.1 million, down from March's 8.4 million but still at historically strong levels. Layoffs declined and quitting rate rose, signaling confidence amid a slowing economy and a labor market that has stayed above 8 million for 38 straight months.
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Nvidia Tops $3 Trillion Market Value on Stock Rally
Nvidia’s stock rally lifts its market value past $3 trillion, making it the third most valuable US company behind Microsoft and Apple. Revenue more than triples year over year in the latest quarter as demand for AI chips surges. the 10-for-1 stock split adds nine shares for each held.
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Weekly Stock Winners and Losers Industry Rankings
Industry lists show top and bottom performers for the week in various sectors. Data from iMoneyNet Inc highlights fund winners, losers, and money market movements influencing investor choices.
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