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.

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Published on Apr 25, 2014
By InvestorGuide Staff

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