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Crypto Breaking News

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Bloomberg

Wall Street Poised for Bonus Increases in 'Year of the Bank'

Wall Street bonuses are projected to jump for the third year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback. For investment bankers who advise corporate clients on deals, incentive pay is poised to be up 10% to 20% or more from a year earlier, according to Johnson Associates. Katherine Doherty has more.

Read more: Wall Street Poised for Bonus Increases in 'Year of the Bank'
Bloomberg

Fed's Daly Says Policy Division Is Less Important Than FOMC Action

Federal Reserve Bank of San Francisco President Mary Daly downplayed division in the central bank's policy statement, pointing to the agreement by the Fed's rate-setting committee to holding rates steady. Daly says it is too early to tell if the central bank is at the end of its rate-cutting cycle and explains what she is watching for on inflation expectations from consumers and producers.

Read more: Fed's Daly Says Policy Division Is Less Important Than FOMC Action
Bloomberg

Bankers Eye Bigger Payouts

Wall Street is heading into another big bonus season. Johnson Associates says investment bankers and equity-capital-markets bankers could see payouts jump 20% or more, while traders are also set for meaningful gains. The reason: stronger dealmaking, volatile markets, and what one consultant calls "the year of the bank." Chris Connors, the Managing Director of Johnson Associates, the company behind the Wall Street pay report, joined Bloomberg Open Interest with more details on the report.

Read more: Bankers Eye Bigger Payouts
Bloomberg

MNTN CEO: TV Remains Dominant Medium as Streaming Grows

MNTN CEO Mark Douglas joins Bloomberg Open Interest to push back on the idea that TV is dying, arguing it remains the most powerful entertainment medium on earth. He explains how streaming is opening TV advertising to new businesses, why AI video tools are lowering production costs, and why the World Cup could be a massive moment for advertisers.

Read more: MNTN CEO: TV Remains Dominant Medium as Streaming Grows