Most bosses are defeating shareholder attempts so far this year to tamp down their pay. The question now is whether Tesla CEO Elon Musk can do the same.
The BlackRock Investment Institute said on Monday it was cautious on long-term U.S. Treasuries ahead of the November presidential elections as investors will likely ask for more compensation to hold them because of wide fiscal deficits. Neither President Joe Biden or Republican challenger Donald Trump "is charting a path to a sustained reduction in deficits," said the institute.
The Lone Star state has ambitious plans for a new stock exchange to challenge New York.