financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Jun 14, 2024 11:02 AM

01:31 PM EDT, 06/14/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.9%.

In corporate news, Tesla's (TSLA) investor Vanguard said it voted for Chief Executive Elon Musk's $56 billion pay package Thursday, marking a reversal from its initial vote against the package in 2018, when it was first approved by shareholders, Reuters reported Friday. Tesla shares were falling about 1.7%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
Jan 29, 2025
Jan 29 (Reuters) - Meta Platforms ( META ) on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan. 6, 2021, attack at the U.S. Capitol. Trump filed lawsuits against Twitter Inc, now known as X, Facebook Inc and Alphabet Inc's...
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
Jan 29, 2025
(Reuters) - Meta Platforms on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan. 6, 2021, attack at the U.S. Capitol. Trump filed lawsuits against Twitter Inc, now known as X, Facebook Inc and Alphabet Inc's Google, as well as their...
SoftBank in talks to invest up to $25 billion into OpenAI, FT reports
SoftBank in talks to invest up to $25 billion into OpenAI, FT reports
Jan 29, 2025
Jan 29 (Reuters) - Japan's SoftBank is in talks to invest as much as $25 billion into ChatGPT maker OpenAI, the Financial Times reported on Wednesday. ...
Juul wins order banning US imports of Altria vaping devices
Juul wins order banning US imports of Altria vaping devices
Jan 29, 2025
(Reuters) -A U.S. trade tribunal sided with Juul Labs on Wednesday and ordered a ban on imports of vaping devices and cartridges made by Altria's NJOY - at least some of which are made in China and Malaysia - in a patent dispute over e-cigarette technology. The U.S. International Trade Commission found that NJOY's ACE devices violated Juul's patent rights...
Copyright 2023-2026 - www.financetom.com All Rights Reserved