Elon Musk lost his latest bid to have his record 2018 pay package reinstated.A specialist trader works at his post on the floor at the New York Stock Exchange in New York City.. The Dow dipped to start the last month of the year. On Tuesday, the job openings report for October could offer a catalyst for the market, ahead of the more closely watched November nonfarm payrolls report Friday.
The move would follow a quarter-point cut in November and half-point reduction in September.compensation package worth $56 billion was improperly granted. The pay plan was the largest ever for a U.S. public company executive. Musk said he plans to appeal the ruling and called it "absolute corruption."on Monday. The move comes as the legacy chipmaker struggles to make up ground lost to Nvidia. Intel shares have dropped more than 50% this year.
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