Wall Street falls again
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President Trump’s tariff week has arrived, and the world is none the wiser about what to expect.
From The New York Times
The 22nd Amendment, which was added to the Constitution in 1951 after President Franklin D. Roosevelt was elected four times in a row, says “no person shall be elected to the office of the President ...
From U.S. News & World Report
Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes.
From U.S. News & World Report
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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.
2don 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.
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.
5don MSN
That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.
WTEN Albany on MSN2d
Wall 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.
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.
Wall Street bonuses surged in 2024, averaging a record-breaking $244,700, according to new state estimates. That’s 31.5% higher than in 2023, according to state Comptroller Thomas DiNapoli. It’s part of an estimated pool of $47.
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.
Bonuses on Wall Street surged to record highs last year, nearly quadrupling the average annual salary in the U.S.
Trump acquired 40 Wall St. in 1995 for just $1.3 million. In 2015, he took out a $160 million mortgage on the property with the help of Jack Weisselberg, a loan originator at niche lender Ladder Capital Finance and son of longtime Trump Organization CFO Allen Weisselberg. The loan was packaged into a security and sold to institutional investors.
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