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Money

Wall Street bonuses to plummet amid dealmaking slowdown

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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.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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