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Investopedia
Wall Street Bonuses Could Be Set To Grow This Year As Deals Rebound
~1.1 mins read

Wall Street bonuses could be set to rise this year, with debt and equity underwriters likely to see the biggest boosts as deals rebound, according to a report from compensation consulting firm Johnson Associates.

The projected gains come after a lackluster two years for bonuses in financial services, with little to no growth for many professionals after end-of-year incentives exploded in the low-interest-rate environment of 2021 with strong client demand and record activity in the market for initial public offerings (IPOs). 

The projected growth follows strong performance from markets in the first half of the year, a rebound in IPO activity, and signs of investors showing greater risk tolerance, among other factors.

Compared to other professionals in financial services, debt underwriters could see the biggest bonus growth of up to 35% this year, the report said, followed by equity underwriters at 30%.

After underwriters, hedge fund, equity sales and firm management professionals could see bonus growth of up to 15%, thanks to strong performance across business segments and investors’ willingness to take on additional risk.

Meanwhile, the retail and commercial sector could see incentives stay flat or fall amid a decline in commercial lending levels.

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Favoursplashy

HOW TO PREPARE YUMMY PLANTAIN PORRIDGE
~1.2 mins read
INGREDIENTS
  • Plantain(ripe/unripe)
  • Fresh tomatoes
  • Yellow scotch bonnet pepper
  • Red scotch bonnet peppper
  • crayfish powder
  • Chefbass Multipurpose spice
  • onions
  • palmoil
  • Seasoning cube
  • salt
  • Smoked/Dryfish
  • Scent leaf
  • Ugu leaf

    • PROCEDURE:
    Peel,wash and cut your plantain to preferred size
    blend/grate your tomatoes and pepper(blend your crayfish also if you don't have already blended one)
    chop your onions
    pick,wash and cut your vegetables
    ready other ingredients
    In a clean pot on fire,add your oil and allow to get hot,turn in your onions and fry till translucent
    once that is ready,add your blended tomatoes and pepper and fry till dry(once the oil starts bubbling and the sauce comes together you know it's dry).
    once well fried till dry,add your Smoked/dry fish,crayfish, seasoning cube, any spice of your choice and salt,stir fry for another 2_3 mins then add in your plantain
    Give this a quick mix to pull all ingredients together and add water.
    (if you are cooking ripe plantain,the water should be on same level with your plantain,cover and let cook till done)
    (if you are Cooking unripe plantain,the water should be 1 inch above the quantity of the plantain in your pot,cover and let cook till done)
    once your plantain is done,stir well but gently to mix all ingredients together then check for taste and adjust if necessary
    add your preferred vegetable,stir properly and turn off the heat
    the heat from your plantain will steam the vegetable more and you don't get to eat an over cooked vegetable.
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    Favoursplashy

    AFANG SOUP RECIPE
    ~1.3 mins read

    MAIN INGREDIENTS:
    Afang /okazi leaf ( 3 bunches or more )
    Water leaf ( 4 big bunches )
    Meat ( of choice )
    Dried or smoked fish ( of choice )
    Cow skin ( kpomo )
    Stock fish ( 1 big sized )
    Shelled Periwinkles ( 1 cup )
    Palm oil ( 5 cooking spoon or more )
    Red or yellow fresh pepper
    Crayfish ( 1 ground cup )
    Stock cubes ( to taste )
    Salt ( to taste )

    PROCEDURE FOR COOKING:
    Firstly, you make sure that everything is neatly ready

     1: Steam the meat with pepper, stock cubes, salt and when it is almost done, add in the dry/smoked fish, stock fish and other proteins.
      Cook until all are properly cooked, remove the dry fish and set aside, if only, you don't want it to disintegrate/scatter in the soup.
    NOTE: Little water should be used to steam the various proteins Remember not to add water yet as waterleaf can boil and bring out water..
     2: Add In the meat stock, add in the shelled periwinkles, ground crayfish and ground peppers and allow to boil for 1 minute.
     3: Add in the palm oil and allow to boil on medium heat for 6 to 8 minutes.
    NOTE: This step is optional, you can add the palm oil at the end of the cooking of the soup, that is after step 5.
    NOTE: The Palm oil should almost be the only liquid in this soup.
    4: Now add in the sliced water leaf and leave to boil for 3 to 5 minutes on low heat.
    5: You can now add in the removed steamed fish into the cooking soup and allow to boil for 1 minute.
    6: Finally add in the blended/ground/pounded Afang leaf into the cooking soup and leave to boil for 1 - 2 minutes.
    NOTE: The Afang leaf is what is used to thickening this soup.
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    Investopedia
    S&P 500 Gains And Losses Today: Eli Lilly Soars On Growing Demand For Weight-Loss Drugs
    ~1.7 mins read

    Major U.S. equities indexes rallied after jobless claims data released Thursday helped ease worries about the economy. The S&P 500 jumped 2.3%, marking the strongest daily performance for the benchmark index since November 2022. The technology sector spearheaded the broader market recovery, helping the Nasdaq soar 2.9%. The Dow closed 1.8% higher.

    Monolithic Power Systems (MPWR) shares led the S&P 500 higher on Thursday, jumping 11.4%. The semiconductor firm specializing in power management technology posted strong quarterly financial results earlier in the week, beating revenue and earnings per share (EPS) expectations amid growing demand for artificial intelligence (AI) power solutions.

    Shares of electronic technology manufacturer Parker-Hannifin (PH) soared 10.8%. The provider of motion and control technologies also topped quarterly sales and profit estimates, benefitting from robust demand in its aerospace services segment, despite headwinds in diversified industrials. Aftermarket strength helped boost sales and margins in Parker-Hannifin's aviation business.

    Eli Lilly (LLY) shares popped 9.5% after the drugmaker reported better-than-expected sales and profits for the second quarter. Sales of Lilly's diabetes and weight-loss treatments Mounjaro and Zepbound underpinned the strong performance. The company also raised its full-year revenue and earnings outlook, citing production expansions to improve its supply of the popular drugs.

    Shares of McKesson (MCK) sank 11.3% on Thursday, marking the steepest drop of any stock in the S&P 500, after the distributor of health care supplies missed quarterly sales estimates. McKesson said fewer product launches, slumping demand for COVID test kits, and a key customer shifting from arthritis treatment Humira to a biosimilar as factors behind the revenue shortfall.

    Monster Beverage (MNST) shares lost 10.9% following weaker-than-expected financial results. The company said slower foot traffic at convenience stores has pressured sales of energy drinks.

    Shares of Warner Bros Discovery (WBD) dropped 8.9% after the entertainment giant posted a loss of nearly $10 billion for the second quarter, steeper than expected by analysts. The results included a $9.1 billion non-cash goodwill impairment charge reflecting a write-down in value of the company's cable networks, which have been disrupted by streaming services.

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    Favoursplashy

    WHY MEN CHEAT
    ~0.8 mins read
    MEN CHEAT on WOMEN but don't want them to CHEAT in return. Do you know why? Because MEN know CHEATING is WRONG. MEN CHEAT for SËX, just for the PHYSICAL ASPECT, but when a WOMAN CHEATS, it's often for LOVE and AFFECTION. She CHEATS with someone who could potentially REPLACEMENT him. MEN might CHEAT MORE, but WOMEN CHEAT SMARTER. MEN can DISH it out but can't TAKE it back. MEN act as if it's the end of the world when they're CHEATED on. Women are not afraid to love, commit, and be loyal, but sometimes the PROBLEM lies with we MEN!
    It actually pays and saves to be disciplined and faithful whereas you won't be horny forever. Men are not polygamous in nature rather everybody is polygamous in nature but it takes discipline to tame it
    And to those men thinking men are polygamous in nature and that it isn't easy to eat only one soup for the rest of their lives. Who told you that to change soup is not hungering your women too. These women that noticed the assorted meat in rich Pepper soup but decided to stick with your DRIED YAM.
    There's no award to be won for SLEEPING AROUND!
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    Investopedia
    Zillow Stock Soars As Real Estate Company Names New CEO, Reports Revenue Growth
    ~1.0 mins read

    Zillow Group (Z) shares jumped as the real estate services company reported better-than-expected results for the second quarter and named a new chief executive officer.

    The company posted a second-quarter loss of $0.07, less than half of what it was a year ago and just one-third of the average estimate of analysts surveyed by Visible Alpha. Revenue was up 13% to $572 million, also beating forecasts.

    Residential revenue increased 8% to $409 million, as the company improved connections between high-intent customers and its Premier Agent partners. Rentals revenue gained 29% to $117 million, primarily driven by a 44% increase in multi-family revenue. Mortgages revenue grew 42% to $34 million as purchase loan origination volume soared.

    Zillow’s mobile apps and sites had 231 million average monthly unique users, little changed from 2023, although visits rose 4% to 2.5 billion.

    Along with the earnings news, the company said COO Jeremy Wacksman has taken over as CEO, replacing Zillow co-founder Rich Barton. Barton will be Co-Executive Chair with fellow co-founder Lloyd Frink.

    Zillow shares were up 20% in late trading Thursday. Despite the gain, the stock is still down 14% since the begging of the year.

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