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In This Article:
Yahoo Finance’s John Hyland dives into some of the trending headlines on Wall Street during Monday’s trading session.
Tesla (TSLA) approved a stock award valued at roughly $29 billion for CEO Elon Musk.
Figma (FIG) stock is nosediving after the company’s strong trading debut.
ChatGPT maker OpenAI (OPAI.PVT) nears 700 million weekly active users.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.
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It’s time for Yahoo Finance’s Market Minute. US stocks rebounding today as traders increase bets. The Federal Reserve will cut rates in September as the labor market continues to weaken. Most recent payrolls report coming in weaker than economists estimated with major downward revisions to the May and June data. Meanwhile, Tesla has approved a $30 billion pay package for CEO Elon Musk. The new agreement includes 96 million shares of the automaker that will vest if Musk continues to serve in the top post for another two years. And Figma shares sliding today as the newly public company sees volatility following its IPO. The stock closing out a 250% gain on its first day of trading, today shares falling more than 20%. And OpenAI says Chat GPT is set to hit 700 million weekly active users, a fourfold increase from this time last year. OpenAI now counts 5 million paying business users up from 3 million in June as enterprises and educators embrace AI tools. That’s Yahoo Finance’s Market Minute. Scan the QR code below to track the best and worst performing stocks of the trading session.
