Dan David, founder and CIO of Wolfpack Research, is considering Chinese stocks and Saudi Arabia that are considering pricing oil sales to China in RMB.
The average bonus paid to financial professionals on Wall Street hit a record high in 2021 and surged above the previous record set in the previous year.
(AP Photo / Seth Wenig, File) (AP Photo / Seth Wenig, File / AP Newsroom)
New York State Comptroller Thomas Dinapoli’s office reported Wednesday that Big Apple’s average securities industry worker raked for $ 257,500 during the December-March bonus season. This is 20% more than in 2020.
Goldman warns markets too relaxed on the risk of war between Russia and Ukraine
According to a press release, authorities expect an increase of 15.7%, and an income tax on a total of $ 45 billion in bonus pools could help the city exceed its expected income.
New York, New York-March 18: Traders will work on the New York Stock Exchange (NYSE) floor on March 18, 2022 in New York City. ((Photo by Spencer Pratt / Getty Images) / Getty Images)
Workers in the securities industry make up only about 5% of New York City’s private sector employment, but their wages make up 20% of the total paid. Last year, according to Dinapoli, the industry accounted for 7% of the city’s total tax collection last year and 18% of the state.
Investors describe the current market at a rally, stating that he is “absolutely selling”
“Wall Street’s surge in profits continued to exceed expectations in 2021 and provided record bonuses,” Dinapoli said in a statement. “But recent events can reduce short-term profitability and bonuses.”
The trader is working on the floor of the New York Stock Exchange (NYSE) in New York City, USA on March 8, 2022. REUTERS / Brendan McDermid (REUTERS / Brendan McDermid / Reuters Photos)
Click here to get your FOX business on the go
“The recovery in other sectors remains sluggish and uneven, and the market is confused as Russia wages an unforgivable war against Ukraine’s freedom,” he said. “In New York, we will not return to pre-Covid economic strength until more New Yorkers and more sectors (retail, tourism, construction, art, etc.) have similar successes.”