Shares in Europe and Asia have retreated following a broad decline on Wall Street spurred by selling of Big Tech shares.

Wall Street's optimism going into 2025 looks like it was right on the money. Most everyone's year-end bonuses, which will be doled out early next year, are going up. That's according to projections published Wednesday from compensation consulting firm Johnson Associates.

As Americans have raised concerns about rising prices, a possible recession, a cooling labor market and an ongoing government shutdown in recent months, economists have warned the U.S. economy may be “K-shaped,” with spending trends becoming divided among low- and high-income consumers.

Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.

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Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates.

Even though Berkshire Hathaway has lagged behind the broader market over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.

The Wall Street Journal's editorial board trashed President Donald Trump's call to nuke the filibuster on Monday, arguing the GOP would be "dumb" to heed it.

Stocks fell on Wall Street, pulled down by losses in the same big tech companies that have been the main drivers of the market's rally so far this year.

Wall Street's main indexes inched higher on Wednesday, after a stronger-than-expected private payrolls report and an ongoing court hearing on U.S. tariffs buoyed investor sentiment, while technology stocks steadied following a sharp sell-off.