Stock Market & Investment News
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US CEO median pay soars 31% on stock and cash awards
BOSTON: Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses. Read full story
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UK executives expect high inflation to squeeze profits
LONDON: More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their profit margins, and few see the Bank of England getting inflation under control in the next couple of years. Read full story
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Fed's Bullard wants to get rates up to 3.5% by year end
US INFLATION is “far too high,” St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for increasing interest rates to 3.5% by the end of the year to slow what are now 40-year-high inflation readings. Read full story
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Oil steady despite Libya supply drop, Shanghai preparing to reopen
OIL prices were little changed on Tuesday, after rising 1% in the previous session, as Libya was forced to halt some exports and as manufacturers in China prepared to reopen factories after a nearly three-week COVID-19 shutdown in Shanghai. Read full story
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Wall St ends lower as investors await further earnings cues
US STOCKS closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors contrasted Bank of America’s positive earnings with surging bond yields ahead of further earnings cues this week. Read full story