A Delaware judge ruled that Elon Musk's $56 billion pay package from Tesla was excessive and improperly determined.
Tesla's stock suffered an 8% decline in value with its Q4 earnings report.
The legal ruling against Musk's compensation has introduced additional uncertainty, contributing to a 2% drop in stock value.
With its latest quarterly results published on Friday, Intel Corporation (NASDAQ: INTC) showed it is stumbling in the AI race. Intel issued a weaker than expected outlook for the first quarter of 2024.
Carnival reported an early and robust start to its peak booking period which has exceeded expectations with bookings volumes since November hitting an all-time high. The company reported its best booked position on record, with both pricing and occupancy considerably higher than 2023 levels, and the first half of 2024 almost fully booked.
Over the last 20 years, February has been a mediocre month for stock market performance. Over that time frame, the S&P 500 has moved higher in 12 of those 20 years, accounting for a 60% "success rate." On average, the S&P 500 has an average gain of 0.2% in February. Compare that to July which has averaged 2.4% gains during the month over the last 20 years.
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Biden Response
Please see the chart above of Light Sweet Crude Oil futures (CL_F).
Note the following: