The Bonus: A Rise in the Number Wall St. Crunches the Most
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Year-end bonuses for investment bankers are expected to rise 10 percent to 15 percent from last year, executives and compensation experts say.
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The stock market surged last week on robust earnings from technology companies.
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U.S. stocks rose on Friday, and the Dow hit a fresh lifetime high, after a report showing weaker-than-expected January job growth suggested that the Federal Reserve may have room to keep interest rates steady.
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The Dow Jones industrial average reached a milestone in Wall StreetÂs nearly seven-year recovery from corporate upheaval.
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Wall Street moved mostly higher as investors remained upbeat after the Federal Reserveâs interest rate cut last week.
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Wall Street rises despite former Fed chief's 33% odds of recession.
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Investors sent stocks sharply higher Friday as new economic data showed strength in manufacturing and construction, and Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares. The Dow Jones industrials gained 100 points in morning trading.
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U.S. stocks climbed on Thursday, boosted by surprisingly high earnings from investment bank Bear Stearns Co. Inc. and economists' bullish estimates for stock indexes performance next year.
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A basket of positive economic news, including inflation and employment data, boosted Wall Street on Friday.
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Business & money: Strong earnings from corporate America sent Wall Street's yardstick of blue-chip stocks through the 14,000 level for the first time yesterday.
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Pay at Massachusetts mutual fund firms is likely to rise as much as 15 percent this year as bonus season gets underway, say executives and consultants, to the most generous level in years, likely providing a boost to the regional economy.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.
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Bear Stearns earned a big slice of Wall Street's growing pie.
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Wall Street rose moderately in early trading, boosted by news that Merrill Lynch will receive an investment of up to $6.2 billion from two investment groups.
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Wall Street bonuses are expected to rise to a record $23.9 billion in 2006 from $20.5 billion in 2005, New York State Comptroller Alan Hevesi said on Tuesday.
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Wall Street bonuses are expected to rise 17 percent to a record $23.9 billion in 2006 New York State Comptroller Alan Hevesi said on Tuesday.
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Knowing a little bit more than the next guy is the name of the game on Wall Street.