Money

Wall Street bonuses to plummet amid dealmaking slowdown

Published

6 months ago

November 15, 2023

ticker NEWS

The financial hub of Wall Street is bracing itself for a significant blow as annual bonuses for its denizens are expected to plummet by as much as 25% this year.

The root cause of this impending financial gloom is the drying up of dealmaking activities in the heart of the financial world.

The city’s financiers and investment bankers have long relied on substantial year-end bonuses as a substantial portion of their compensation packages.

However, the year 2023 paints a bleak picture for these professionals, as the once lucrative landscape for mergers, acquisitions, and IPOs has taken a sharp downturn.

Market volatility, economic uncertainty, and regulatory changes have all contributed to the slowdown in dealmaking.

The repercussions of these reduced bonuses are not limited to the financial elite.

This decline is expected to have a ripple effect throughout the city’s economy, impacting businesses, restaurants, and luxury retailers that rely heavily on the patronage of Wall Street’s high earners.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending