Mar 20, 2017

'Pay raises are back in style' for CEOs

Richard Drew / AP

Pay rises are back in style for CEOs, writes the WSJ, as CEO pay climbs with the stock market: "Median pay for the chief executives of 104 of the biggest American companies rose 6.8% for fiscal 2016 to $11.5 million, on track to set a post recession record."

Meanwhile the Financial Times reported that analysts are reining in profit outlook as risks emerge on record-breaking stocks increases: "Earnings for companies listed on the S&P 500 index ... are predicted to rise 9 per cent in the first quarter, ... a reduction from the 12.3 per cent expected at the start of this year."

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Dion Rabouin
8 mins ago - Economy & Business

Investors are ignoring the coronavirus pandemic by buying stocks and gold

Illustration: Eniola Odetunde/Axios

U.S. economic data is crumbling as increasing coronavirus cases keep consumers at home and force more cities and states to restrict commerce, but the stock market has continued to rise.

What's happening: Bullish fund managers are starting to lay down bets that it will be this way for a while. "The reason is: You have monetary and fiscal policy pushing the economy out of a problem and that is very, very bullish," Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, tells Axios.

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Caitlin Owens, Marisa Fernandez
3 hours ago - Health

How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

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Kim Hart
3 hours ago - Economy & Business

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

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