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But despite the second down year in a row for fixed income, currency, and commodities (FICC) sales and traders, the hiring outlook in 2018 has some silver linings, according to new report from Options Group, one of Wall Street’s top recruiting firms. Here’s our story.
In related news, it’s bonus season on Wall Street – here’s when each of the big banks is announcing how much people will get paid.
In markets news, Wall Street just freaked out about a potential hiccup to a revolutionary gene editing technology – but it’s not as bad as it seems. GoPro’s plunging stock made short sellers $US45 million in a single day. Warren Buffett’s Berkshire Hathaway could get a $US37 billion windfall from tax cuts. And two areas of tax reform could throw investors for a loop this earnings season, according to Goldman Sachs.
In news from Washington, a top Fed official says a policy shift once seen as radical is “not nearly as scary as you might think.” And Congress may be getting ready to create a whopper of a fiscal cliff.
Lastly, in crypto news, Jamie Dimon says he regrets calling bitcoin a “fraud.” The tea company that planned to buy bitcoin mining machines is backpedaling on its plans.And bitcoin’s main technology opens up opportunities to profit from 14 stocks, HSBC says.