Consumer Confidence Jumps to a 9-Month High; GM CEO Set to Make $14.4M in 2014
Stocks ended the day the day down, partially due to the escalating tension between Ukraine and Russia. Consumer confidence jumped to a 9-month high in April so far, nearing the highest level since the beginning of the recession in 2007. Consumers are citing greater optimism in the economy and in their personal financial situations for the jump in spending. GM's (GM) new CEO has a giant pay package awaiting her if the automaker meets certain goals. Mary Barra is set to make $14.4 million in 2014, a 59% increase over the $9.1 million that former CEO Dan Akerson received in 2013.Chinese factories no longer have the massive competitive edge over U.S. factories that it once had. Rising wages and increased energy costs lead to the minimization of China's edge.
Word on the Street
- Which group of people were hurt the most by Obamacare?
- Elon Musk's SpaceX is suing the U.S. federal government.
- GM (GM) CEO set to make $14.4 million in 2014.
- Amazon's (AMZN) rumored smartphone will provide free 'prime' data.
- Ford's (F) Q1 profits down, sales up.
- 60% of companies blamed weather this earnings reporting season.
- Zimmer Holdings (ZMH) stock up on Biomet takeover.
Published on Apr 25, 2014By InvestorGuide Staff