Fixed income, currencies, and commodities traders are back in the ascendancy on Wall Street.
The FICC business is expected to post an increase in 2016 revenue, in contrast to the equities business and investment banking. And that will be reflected in bonuses.
According to an annual survey by the Wall Street recruiting firm Options Group, total compensation for FICC workers in the US will be up 5% from last year on average.
The survey takes in the views of the top 25% of performers at the top 10
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Here's what Wall Street's top performers expect from their bonuses this year
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A pensions time bomb spells disaster for the US economy
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy, which faces dramatic cuts in public services and potentially riots reminiscent of Athens six years ago.
Danielle DiMartino Booth is the tough talking former Federal Reserve advisor and President of Money Strong, with an insider’s perspective on finance. As she picks apart the danger signs with the US on the precipice of recession, it&rsqu -
22 brutal dictators you've never heard of
Representative government has been a luxury that relatively few people have enjoyed throughout human history.
And while the vast majority of dictators fall short of Hitler- or Stalin-like levels of cruelty, history is rife with oppressors, war criminals, sadists, sociopaths, and morally complacent individuals who ended up as unelected heads of government — to the tragic detriment of the people and societies they ruled.
Here's a look at 22 brutal dictators that you may -
'Moana' easily wins at the box office for a second straight weekend
Disney's "Moana" easily won the domestic box office for a second straight weekend with an estimated $28.4 million take, according to Variety.
The movie surpassed the $100 million global landmark on Saturday, cementing it as another box office winner for Disney in 2016.
With no new wide releases out this weekend, the closest thing to competition was Warner Bros. holdover "Fantastic Beasts and Where to Find Them," which came in second with $18.5 million.
Hollywood will be relying on these tw -
Black Friday was a record-breaking day for gun background checks in America (SWHC, RGR)
Black Friday was a record-breaking day for gun background checks in America.
The FBI processed 185,713 background checks for buyers through its National Instant Criminal Background Check System (NICS.) That was nearly 400 more transactions than the bureau processed on Black Friday 2015, the bureau's Stephen Fischer Jr. told Business Insider.
Black Friday is usually the biggest day of the year for gun sales, as buyers take advantage of deep discounts. Background checks do not -
The wages of construction workers could skyrocket under Trump
The administration of Donald Trump is expected to focus on heavy infrastructure spending to give the US economy a bigger push forward.
That makes the construction industry one to watch more closely in the coming years.
Deustche Bank's chief international economist Torsten Sløk sees the risk of higher wage inflation for construction workers because their sector is already near full employment, meaning the pool of people for hire is very small. Join the conversation ab -
This tiny button on the Facebook app could start bringing in big money (FB)
Facebook has been testing the introduction of a dedicated video tab inside its mobile app among a select group of users over the past year — a move Morgan Stanley analysts predict will help the social network capture a greater share of the TV ad market.
The tab, which appears at the center of the bottom menu within Facebook's mobile app (for some users), opens up a video discovery hub, where users can view popular live videos from around the world and content from their friends.
It may see -
'THE UNITED STATES IS OPEN FOR BUSINESS': Trump warns companies shipping jobs out of US will face 'retribution'
Companies that outsource their operations to another country will face "retribution," President-elect Donald Trump warned in a series of tweets Sunday morning, saying they should be "forewarned" before making "a very expensive mistake."
"The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its -
Trump's tax plan could be bad news for the housing market, charitable giving, and local governments
President-elect Donald Trump's pick for treasury secretary, Steven Mnuchin, says the incoming administration is about to embark on the "largest tax change since Reagan."
He made those comments on CNBC last week. The change he's referring to could have a big impact on mortgage interest deductions — a driver of the housing market — and weaken an incentive for charitable giving.Key features of Trump's plan could also lead to changes with state and local government ta -
A showdown between Trump and the Fed is looming
The Federal Reserve could clash with President-elect Donald Trump on its core responsibility to keep prices stable.
To control inflation — the gauge of prices changes — the Fed regulates borrowing costs. Cheaper borrowing costs makes it easier to spend, raising demand and prices.
The Fed has kept borrowing costs near zero since the economy started to falter nine years ago, but is now normalizing interest rates, as inflation gradually rises and the labor market improves.&nb
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