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Wall Street bonuses jump 32% as total surges to record, NY comptroller says

NEW YORK (Reuters) -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. Deals have slowed this quarter as companies navigate changing policies from President Donald Trump's administration, including tariffs and personnel changes atop regulatory agencies. "This financial market strength is good news for New York's economy and our fiscal position, which relies on the tax revenue it generates," DiNapoli said in a statement.

Wall Street bonuses hit record high

Bonus season on Wall Street runs through March, and based on estimates released Wednesday morning, it has been a lucrative start to spring for the more than 200,000 people working in the securities industry.

Reliance Pauses Buying of Venezuelan Oil After Trump 25% Tariff

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Defense Contractor Sold for €1 Is One of Europe’s Hottest Stocks

(Bloomberg) -- A €1 bet on a struggling Austrian engine maker has turned into one of the hottest investments in Europe thanks to the boom in defense stocks.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-FreeGerman private equity firm Mutares SE paid the token pri

Spanish Consumers Helped Economy Outpace Peers at End of 2024

(Bloomberg) -- Household consumption drove Spain’s economic expansion at the end of last year, helping it outpace its euro-zone peers.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-FreeConsumer spending increased 1% in the fourth quarter while government outlays