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Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
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Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
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Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
The executive received $18.4 million, including a $2.4 million salary, $14 million in stock awards and $2 million in incentive awards, according to a regulatory filing. That compares to the $17.5 million he earned for 2017, which was a 36 percent increase from the previous year.
Sloan, 58, took over the fourth-biggest U.S. bank in October 2016. Charged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution. Last year, thanks to "widespread consumer abuses," the Federal Reserve capped the bank's asset growth after the bank found more problems with customer dealings.
Wells Fargo shares dropped 25 percent in 2018, under-performing its biggest rivals.
During a four-hour long testimony this week before the House Financial Services committee, Sloan revealed that the bank was operating under 14 separate consent decrees with his regulators. Sen. Elizabeth Warren, a Democrat running for president, has repeatedly called for Sloan to resign.
Meanwhile, J.P. Morgan CEO Jamie Dimon received $31 million for his work last year, while Brian Moynihan of Bank of America got $26.5 million, and Morgan Stanley CEO James Gorman got $29 million.