00:06 Speaker A
It’s time for Yahoo Finance’s market minute. US stocks pulling back from record highs as investors weigh a weakening labor market with the potential for rate cuts in September.
00:16 Speaker A
Meanwhile, Tesla shares on the rise as the company’s board puts forward a massive pay package for CEO Elon Musk.
00:24 Speaker A
If Musk hits a series of milestones, he will be awarded $1 trillion by the company.
00:30 Speaker A
Plus Alphabet’s Google was hit with a 3.45 billion EU anti-trust fine for anti-competitive practices in its lucrative ad tech business.
00:39 Speaker A
The fine marks its fourth penalty in its decade-long fight with EU competition regulators.
00:44 Speaker A
And shares of Docusign jumping after the electronic signature software firm beat profit and sales estimates and raised its outlook as larger customers tap into its AI offerings.
00:54 Speaker A
And that’s your Yahoo Finance market minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks.