Zhang went ahead anyway, slashing the bonus pool by about 60 percent from a year earlier. CLSA's top leaders got zero bonuses. The exodus began.
Negative-yielding debt -- bonds worth less, not more, if held to maturity -- is spreading to more corners of the bond universe, destroying returns.
Cuban reportedly explained that he is more concerned about Libra’s global impact than the impact it will have in the United States.
“Historically the Fed has wanted shock and awe when they ease,” said Brent Schutte, chief investment strategist at Northwestern Mutual.
While extended “rate-cut rallies” were a feature of the 1990s, they’ve proven to be short-lived over the last 20 years as the economy cooled.