The winners of Wall Street bonus season this year: the underwriters
Bonuses are projected to be up across the financial services industry — asset management, alternatives, and investment banking — for the first time since 2021, according to a new report. Compensation consulting firm Johnson Associates issued its annual bonus findings on Tuesday. It predicted that some financial services professionals could see year-end bonus increases of…
The future of betting marketsPolymarket predicted Trump’s win. Now comes the hard part.
The polls were wrong, again. Nate Silver ran 80,000 simulations of election outcomes and found that Vice President Kamala Harris won in 40,012 of them. The race that Donald Trump ultimately ran away with was deemed neck and neck for days — unless you looked at the prediction markets. Election betting on Kalshi and Polymarket…
Morgan Stanley partners with Carta to serve startup employees after lucrative IPOs
After a two-year dealmaking drought, IPOs are mounting a comeback, enriching their founders and employees in the process. To land these desirable clients before their big windfall, Morgan Stanley has partnered with Carta, a platform for startups and investors to track company ownership, B-17 has learned. Silicon Valley firms widely use Carta’s financial software for…
Telegram CEO Pavel Durov is funding free IVF for women who have his children
Telegram CEO Pavel Durov is funding IVF treatments for Russian women who use his sperm at a Moscow-based clinic, a spokesperson told B-17. Pavel Durov, the billionaire CEO of Telegram, funded fertility treatment for women using his sperm to conceive. A clinic in Moscow is advertising the service, which it said is paid for by…
Employers seeking skilled workers often overlook military veterans
Veterans “take a lot of pride” in their work after the military, one former military member told B-17. Last summer, during her final month in the Air Force, Ashley Bethea cried almost every day. Bethea, 40, felt on edge about giving up part of the identity she’d held since she was 18. She was also…
New York Times tech workers are ending their strike
New York Times Tech Guild members gathered outside the headquarters in Manhattan during the strike. New York Times tech workers are ending their strike and returning to work Tuesday after a weeklong work stoppage, a Times spokesperson told B-17. The Tech Guild chose a crucial day to go on strike, the day before the November…
Meet the new Trump administration staffers who will shape key US policies
President-elect Donald Trump has begun filling key White House positions. Now that President-elect Donald Trump has secured another four years in the White House, he’s beginning to staff his administration. The former and future president refused to talk in detail about potential appointees during the campaign, leaving plenty of room for speculation about his eventual…
AOC asked voters why they backed her candidacy and Trump’s reelection. They said the economy and Gaza.
Rep. Alexandria Ocasio-Cortez of New York strongly supported Vice President Kamala Harris’ presidential candidacy. Similar to Democrats across the country reflecting on Vice President Kamala Harris’ election loss, New York Rep. Alexandria Ocasio-Cortez has spent time thinking about the ramifications of President-elect Donald Trump’s return to the White House. Ocasio-Cortez, a strong backer of Harris…
I’m a college professor, and I’m not sure I’ll send my kid to college. A degree isn’t required for success.
The author, not pictured, is a professor but won’t require her son to go to college. My son is only 9, but as my husband and I put money into his 529 college savings account, I wonder if he’ll go to college and whether I’ll push for it. When I graduated from high school in…
