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As reported by Bloomberg News , interns at Wall Street firms are getting bigger paychecks this year, as the finance industry seeks to attract more young people disillusioned by layoffs in tech.

“Most Wall Street professionals will have to wait another year for a rebound,” said consultant Alan Johnson.

Key Takeaways ;Missouri Supreme Court Upholds $15 Minimum Wage, Paid Sick Leave; ;Wall Street Bonuses to Drop Amid Market Uncertainty;Failure to Pay OT Wages Costs California Employer $1.4M; ;Colorado Lawmakers Seek to Scale Back AI Law; ;Spain Moves Ahead to Reduce Workweek to 37.5 Hours; Missouri Supreme Court Upholds $15 Minimum Wage, Paid Sick Leave Missouri’s Supreme Court voted on Tuesday, April 29, to uphold Proposition A , which will raise Missouri’s minimum wage to $15 per hour and enact statewide paid sick leave.

Key Takeaways States Decide Key Ballot Measures on Minimum Wage, Paid Sick Leave;NLRB Rules Captive Audience Meetings Are Unlawful;Report: Wall Street Bonuses Will Rise for the First Time Since 2021;Southwest Offering Buyouts to Airport Workers;Boeing Will Repay Furloughed Staff, Proceed with Job Cuts; States Decide Key Ballot Measures on Minimum Wage, Paid Sick Leave The 2024 elections have concluded, and employers may want to keep an eye on the outcomes of several key state ballot measures that likely will have significant implications for wage policies, employee benefits and compliance requirements, according to employment law firm Ogletree Deakins .

Goldman Sachs Group Inc. is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street, Bloomberg News reports .

Opinions and Outcomes Brian Grauff, the CEO of the American Retirement Association (ARA) , used the words “thoughtful” and “consistent” to describe the district court decision.

Industry Groups Seek Delay of IRS Required Minimum Distribution Changes Several industry groups, including the American Retirement Association (ARA) and the American Benefits Council , have requested that the effective date of recently proposed regulations concerning required minimum distribution (RMD) changes made by the SECURE 2.0 Act be delayed and that certain provisions be clarified.

“We are grateful to the many members of Congress and staff who worked tirelessly to get SECURE 2.0 included in the omnibus legislation,” Brian Graff, CEO of the American Retirement Association (ARA), said in a news release.

Key Takeaways Wall Street interns leading the way.

Average Wall Street Bonus Falls Slightly The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.