Trump, Wall Street and tariffs
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New York Post |
Wall Street is bracing for a wild ride Thursday after President Donald Trump unveiled a range of sweeping tariffs against some of America’s biggest trading partners.
Houston Chronicle |
U.S. stocks whipped through another dizzying day of trading, but the mood on Wall Street turned sour after President Donald Trump unveiled sweeping new tariffs against nearly all U.S. trading partner...
Reuters |
So far, Washington has said the base 10% tariffs will go into effect on April 5 and the higher rates on April 9.
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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.
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.
8don MSN
That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.
Holly Peterson, a journalist based in New York City, writes the Earn Your Luck column for WSJ. Magazine and contributes lifestyle reporting and topical essays to The Wall Street Journal.
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.
The S&P 500 index dropped 2 percent as investors weighed hotter-than-expected inflation data and braced for President Trump’s next round of tariffs.