Wall Street bonuses surged 31% last year on rising markets and a rebound in dealmaking activity, delivering a boon for the industry’s hometown economy. Some are already wondering how long it is going to last.

Manhattan has long been the heart of the business world. Its iconic skyline and reputation as a financial epicenter are unmatched. Wall Street and large corporate headquarters symbolize power, ambition,

That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.

Wall Street leaders issued warnings on U.S. tariffs, with JPMorgan Chase CEO Jamie Dimon saying they could have lasting negative consequences, while fund manager Bill Ackman said they could lead to an "economic nuclear winter.

The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.

A 17-story office tower in midtown Manhattan was evacuated Tuesday on concerns over a weakened wall in its basement that was cracked and collapsing.

Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said on Wednesday.

BlackRock CEO Larry Fink said most other Wall Street leaders he talks to believe the U.S. is already in a recession, but called the moment a "buying opportunity"