New York mayor argues pay measure violates labor law despite unanimous council approval by Diana Zapata • News Writer /Editorial Specialist Published August 20, 2026 New York City — Mayor Zohran Mamdani has filed a [...]
Samsung Electronics, a global memory chip supplier, has been a major beneficiary of the A.I boom. It has also become the center of a debate over how to divide its spoils.
The city was counting on a 15 percent rise in bonuses to produce tax revenues to fill its budget gap. The actual increase was 9 percent, the state comptroller said.
Data: New York State Comptroller; Note: Excludes stock options and other deferred compensation; Chart: Axios Visuals The average annual bonus on Wall Street last year was $246,500, up 6% from 2024, according to data out Thursday morning from the New York state comptroller's office. Why it matters: Higher bonuses are a sign that finance had a good year — the market turmoil and uncertainty caused by the Trump administration's tariffs only helped boost business across Wall Street trading desks. Zoom in: Profits in the securities industry rose more than 30%, to $65.1 billion, according to the report from New York State Comptroller Thomas DiNapoli. - Wall Street's securities bonus pool was a record $49.2 billion last year, up 9% from 2024. …