Stock futures were higher on Friday, Aug. 18, even as global markets sold off in the wake of a terrorist attack in Barcelona. Dow Jones Industrial Average futures were up 0.06%, and S&P 500 futures added 0.11%, while Nasdaq futures added 0.3%. Police shot dead five suspected terrorists, hours after a van slammed into a crowd in Barcelona on Thursday afternoon.
Protests about bosses being paid too much are starting to have an impact, in Britain at least. Companies from drugmaker AstraZeneca Plc to Wm Morrison Supermarkets Plc have all faced shareholder uprisings over excessive compensation. In an election year, Prime Minister Theresa May added to the pressure, lambasting the gap between the pay of top execs and ordinary workers. A look at the data shows business is starting to heed these warnings: the median compensation of a FTSE 100 CEO fell 7 percent in 2016. For the 24 companies that disclosed figures for 2017, it's down 22 percent, according to data compiled by Bloomberg. Some of the biggest earners in the FTSE 100 had their pay for 2016 clipped.
Gold futures broke above $1,300 an ounce, rising to the highest level since November, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his legislative agenda. Futures for delivery in December advanced as much as 0.9 percent to $1,303.90 an ounce on the Comex and traded at $1,301.70 by 8:40 a.m. in New York. The gain came as a gauge of global stocks extended a decline, and the Bloomberg Dollar Spot Index fell 0.2 percent. Gold has added 13 percent this year as Trump failed to deliver on campaign promises to ramp up U.S. growth by cutting taxes and boosting infrastructure spending. This week, the White House has