Wall Street, Trump and stocks
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Associated Press News |
U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming We...
BBC |
Trump has referred to 2 April as "Liberation Day", saying the tariffs he will announce will free the country from depending on foreign goods.
Yahoo |
Flavio Volpe, head of Canada's main auto-parts lobby group, says the industry's profit margins would be wiped out, several times over, by tariffs already scheduled to take effect Wednesday, apart fro...
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As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.
Wall Street bonuses surged 31% last year on rising markets and a rebound in dealmaking activity, delivering a boon for the industry’s hometown economy. Some are already wondering how long it is going to last.
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President Donald Trump’s fast-approaching “Liberation Day” sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.
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That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.
Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said on Wednesday.
The bonus pool for New York City's securities employees hit a record $47.5B in 2024, up 34% Y/Y, marking its first major increase since COVID-19 pandemic highs, New York State Comptroller Thomas P. DiNapoli said on Wednesday in the office's annual estimate.
4don MSN
Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
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WTEN Albany on MSNWall Street bonuses hit record high in 2024By DiNapoli’s reckoning, taxes on 2024 bonuses are adding $600 million to state coffers and $275 million to New York City. The Wall Street workforce swelled to 201,500, up from 198,400 in 2023 and passing the peak set in the year 2000.
That's how much the average Wall Street bonus was in 2024. The figure marks a 31% increase from $186,100 the prior year, according to a report from the New York state comptroller’s office. Wall Street bonuses have an outsized impact on New York City's economy and workers.