U.S. stocks finish higher Wednesday as more data suggest slower economic growth supporting the notion that the Federal Reserve may not raise interest rates further.
In One Chart: For the first time since 2019, the S&P 500 and copper are no longer moving together
Positive since 2019, the correlation between the S&P 500 and copper has now turned negative.
: Global dividends hit record $568 billion, but pace of U.S. payouts slows for sixth straight quarter
In its quarterly survey of the world’s 1,200 biggest companies Janus Henderson said that 88% increased their dividends or kept them the same over the period.
Dow Jones Newswires: BOJ board member sees sustainable 2% inflation in sight
Bank of Japan policy board member Naoki Tamura said Wednesday that the central bank’s goal for sustainable 2% inflation appears to be finally in sight after a decade of monetary easing.
: Salesforce CEO Marc Benioff warns upcoming Dreamforce may be last in San Francisco
Salesforce Inc. co-founder and Chief Executive Marc Benioff warned Tuesday that the company’s upcoming Dreamforce conference could be its last in San Francisco if it’s affected by the city’s homelessness and open drug use.
Dow Jones Newswires: South Korean telecom KT Corp. names Kim Young-Shub as new CEO
KT Corp. named Kim Young-shub, 64, as its new chief executive officer, after the position was left vacant for more than eight months.
: Amazon CEO reportedly tells remote workers ‘it’s probably not going to work out for you’
While many companies are stuck in an ongoing tug-of-war with employees over returning to the office, Amazon.com Inc. Chief Executive Andy Jassy appears to have run out of patience.
Dow Jones Newswires: Sysco names Greg Bertrand global chief operating officer
Sysco has named Greg Bertrand as executive vice president, global chief operating officer, effective Sept. 1.
: Lyft board member and early investor makes $1 million stock purchase
Lyft’s lead independent director bought $1 million of the company’s stock Monday, joining CEO David Risher, who made a similarly sized purchase recently.
: Rivian CEO to get pay raise of more than 50% to $1 million, plus about $15 million in stock
Rivian’s Chief Executive RJ Scaringe just got a hefty pay raise, and a stock award to go with it.
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