The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13 per cent last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans' budgets. The median pay package for CEOs rose to USD16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. At half the companies in this year's pay survey, it would take the worker at the middle of the company's pay scale almost 200 years to make what their CEO did. CEOs got rewarded as the economy showed remarkable resilience, underpinning strong profits and boosting stock prices. After navigating the pandemic, companies faced challenges from persistent inflation and higher interest rates. About two dozen CEOs in the AP's annual survey received a pay bump of 50% or more. In this post-pandemic market, the desire is for boards to ..
BSE500 companies' combined revenue growth, however, lagged S&P 500 firms' during trailing 12 months ended Dec 2023
Nifty 500, India's broadest index, outperformed most of the world's leading indices except the Nasdaq 100 over the last 10 years, according to the study by Motilal Oswal Asset Management Co.
The Wall Street brokerage had earlier expected a 4% annual rise in companies buying back their own shares, against a 14% fall last year
The bank forecast earnings for companies in the benchmark index to rise 10% after factoring in a "mild short" recession and a 19% increase if US gross domestic product grows by 2%
The seven companies have been the story of the year in the stock market, with a frenzy of interest around artificial intelligence fuelling gains for many of them
After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago
US equities have outperformed global peers this year, with the S&P 500 Index rising 17 per cent
By the end of July, the S&P 500 had risen almost 30% off its October lows
The biggest negative for the earnings season will be the impact of further tightening of financial conditions, said 42% of respondents
NEW YORK (Reuters) - The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease recession fears but increased the odds of the Fed keeping its restrictive policy in place for longer than expected.
Stocks are off to another mixed start on Wall Street as more gains for Big Tech companies offset weakness elsewhere in the market. The S and P 500 was up 0.3 per cent in the early going on Friday, on track for its fourth weekly gain in a row. A day earlier the bechmark index closed 20 per cent above its October low, entering a new bull market. The Nasdaq composite added 0.7 per cent and the Dow Jones Industrial Average was just barely higher with a gain of less than 0.1 per cent. Chipmaker Nvidia rose another 2 per cent. European markets were lower and Asian markets closed higher overnight. European shares declined on Friday after a day of gains in Asia following Wall Street's return to bull market status. France's CAC 40 lost 0.4 per cent to 7,198.50 while Germany's DAX slipped 0.3 per cent to 16,886.40. Britain's FTSE 100 shed 0.4 per cent to 7,572.16. The future for the Dow Jones Industrial Average shed 0.2 per cent and the contract for the S and P 500 future was down 0.1 per ..
AP and Equilar conducted a compensation survey of the S&P 500 companies
India is the best performing market in May so far with a 2.8 per cent rally in Nifty as against the negative returns in European markets and just 1 per cent return in S&P 500. The performance of other emerging markets also is lacklustre.
AI-hungry investors have propelled shares of Nvidia Corp., which makes the chips needed for complex AI computing tasks, up by 96% this year
The Nasdaq joined the S&P 500 in the red, while defensive stocks helped buoy the Dow into positive territory, while 10-year Treasury yields extended their decline, touching levels last seen in Sept
NEW YORK/LONDON (Reuters) - The S&P 500 inched lower on Tuesday after the previous session's gains while Treasury yields rose with gold for a second consecutive day with investors still wary of banks and the economy in the absence of strong positive catalysts.
The brutal rout in the lender's stock, which began on Thursday, spilled over into other US and European banks, with the episode spreading concern about hidden risks in the sector
As bellwether stocks, Nike and Fedex promise healthy estimates; Micron dampens holiday spirit
With the benefit of hindsight, India's stealth bull market is underpinned by some strong positives. The most important of these is earnings growth across different sectors