Despite securities industry profits in 2018 rising by 11%, the average bonus paid to Wall Street employees declined by almost 17% to $153,700. This also means that the average banker bonus is unchanged since 2005.
"We want to laurel the punditry “champion” — the one who peddled the most nonsensical nonsense, the wildest inanities, the weirdest theories and unsubstantiated stories."
Given the uniformity of overly positive projections that have turned out not to be true, can everyone simply take a step back and acknowledge some uncertainty here? The answer is apparently no.
Apple shares are tumbling back into the red following a decision by International Trade Commission Judge MaryJoan McNamara recommending an import ban on certain iPhones, due to infringement of Qualcomm patents.
Today's auction showed very strong demand for the short-end of the curve, and we expect more of the same as markets - which are now fully in easing mode - expect yields to keep sliding over the next few years.
Dont' worry about the curve flattening: since the mid-1980s, significant stock drawdowns (i.e. market crashes) began only when term slope started steepening after being inverted.
The European Commission tacitly embraced Huawei by refusing to recommend that member states exclude the company, a recommendation made in a set of security guidelines...
Wirecard bulls, and anybody who bought the dip in the German fintech darling's shares after allegations of widespread accounting fraud surfaced earlier this year, can breath a sigh of relief - for now, at least.
