Trump, Wall Street and tariffs
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Financial markets around the world have broadly been shaky lately because of uncertainty about Trump’s trade war.
From Associated Press News
Trump has plans to announce a number of significant tariffs that he hopes will serve to fund his administration’s economic agenda and bring manufacturing jobs back to the United States.
From Politico
Markets have turned higher ahead of President Trump’s big tariff announcement, though the modest moves follow a tough quarter for U.S. stocks that ended Monday.
From Wall Street Journal
Read more on News Digest
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.
The average annual payout jumped 31% to $244,700.
7don MSN
That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.
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.
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.