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Wall Street bonuses will rise for the first time since 2021, consultant says

Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates. Payouts will probably rise after financiers benefited from several factors in recent months: a recovery in dealmaking, the Federal Reserve cutting interest rates and equity markets surging to record highs, said the consultancy's founder, Alan Johnson. While bonuses will be more generous, they will remain below the record levels from 2021, when revenue and compensation were "abnormally good," Johnson said.

Is it Too Late to Buy RTX (NYSE:RTX) Stock?

It’s no secret that the stock market can experience significant volatility, moving sharply either up or down. These swings can quickly impact analysts’ ratings for a stock; within months, weeks, or even days, a “Buy” recommendation might shift to a “Hold” and vice versa. RTX Corporation (RTX), a leading aerospace and defense contractor, exemplifies this market volatility, having rallied 49% so far in 2024. Even if a stock starts from a point of substantial undervaluation, as I believe was the ca

Morning bid: Bitcoin: to $90,000 and beyond?

Almost a week on from the U.S. election and investors are wasting no time betting on who they believe will be the biggest winners (and losers of course) of a new Donald Trump administration. The cryptocurrency, referred to by some as "digital gold" has surged more than 25% since Trump's win and stood on the verge of $90,000 on Tuesday. At the heart of the latest surge is the perception that a new Trump administration will usher in a more crypto-friendly environment, with investors seeing an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace.

There’s an Opportunity Brewing in These 2 Construction Stocks, Says UBS

The election is behind us, and we’re looking ahead. A new Trump Administration will take office in January, and a few things are starting to become clearer. On the economy, Trump has already expressed a preference for raising tariffs – especially on Chinese goods – while also reducing income taxes and promoting a deregulation regime. These policies will push in multiple directions, so it may take some time to see exactly where things will go. Most likely, neither the best nor worst cases will co