Average Wall Street Bonus Plunges 26% to $176,700
The average Wall Street bonus plummeted 26% last year as a slump in dealmaking and banks’ efforts to contain costs weighed on compensation.
Bloomberg Business
Bed Bath Warns of Bankruptcy Risk in $300 Million Offering
Reeling from a collapse in its stock price and at the mercy of Wall Street banks, Bed Bath & Beyond Inc. warned it will likely go bankrupt if a last-gasp $300 million equity offering fails.
Brazil Fiscal Plan to Stabilize Debt Welcomed by Markets
Brazil is proposing small but growing primary budget surpluses as part of a much-awaited fiscal plan whose success largely depends on an expansion of public revenue — either through growth or higher taxes.
Colombian President Offers Rides on His Plane to Stranded Flyers
Colombian President Gustavo Petro offered up the presidential plane and the air force fleet to transport thousands of stranded passengers after two local airlines stopped operations.
Lockheed F-35 Jet’s Crucial Software Upgrade May Take Another Year
Delivery of the first F-35 with upgraded hardware that’s crucial for the US fighter jet’s advanced capabilities may be delayed for another year — putting it 16 months later than originally planned, a lawmaker disclosed.
Trump Super PAC Puts $1.3 Million Into Taking DeSantis Out of 2024 Race
Donald Trump’s Super PAC is putting serious money behind his amped-up rhetoric against Ron DeSantis in a bid to take out his primary rival before he can even launch a campaign.
How King Charles Got Thrown Into Disney’s Fight With Florida Governor DeSantis
Clause allows a contract to last as long as the monarch’s heirs.
White House Proposes Tougher Bank Rules, New Tests After Crisis
President Joe Biden’s administration is pressing regulators to tighten the rules for mid-sized banks, its strongest step yet in response to the banking crisis that led to the failure of a pair of regional lenders.
Illumina, Icahn Fight Intensifies After Negotiation Failed
Illumina Inc. and activist investor Carl Icahn tried but failed to reach a compromise that would have avoided the public battle over seats on its board, according to a preliminary proxy statement filed by the DNA-sequencing company.
Russia Detains American Journalist in ‘Dark Turn’ for Ties
Russia detained American journalist Evan Gershkovich for alleged espionage while he was on a reporting trip in central Russia, the first time a US reporter has been held on spying charges since the Cold War.
