Yahoo Finance's Julie Hyman breaks down what investors should watch next week. Apple (AAPL) will be hosting its Worldwide Developer Conference (WWDC), where investors will get a first look at the tech giant's AI strategy. On Monday, Nvidia (NVDA) shares will start trading on a split-adjusted basis. The company completed a 10-for-1 stock split on Friday after the close. On Wednesday, the Federal Reserve will announce its next monetary policy decision. While no rate cuts are expected, an updated dot plot will be released. In addition, May's Consumer Price Index (CPI) will be released ahead of the Fed decision. Major tech earnings are expected, including those of companies like Oracle (ORCL), Broadcom (AVGO), and Adobe (ADBE). Finally, on Thursday, Tesla (TSLA) shareholders will vote on CEO Elon Musk's compensation package. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
Donald Trump traveled to Silicon Valley Thursday night and raised a reported $12 million from tech executives, a notable foray into a long-time Democratic stronghold.
OSLO (Reuters) -Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla's eighth-biggest shareholder, according to LSEG data. Musk's pay, the largest for a chief executive in corporate America, was approved in 2018, but voided by a judge earlier this year, who said the amount was unfair to shareholders, calling it an "unfathomable sum".