Sanrith Descartes
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META trashes another 10k jobs and the stock runs up 7%. At some point do you think Big Tech CEOs will figure out the secret regular CEOs have known for a century?
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Investing General Discussion
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Sanrith Descartes
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Mist
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Tech companies always used to churn the bottom 5-10% of their roster every year via stack-ranking, or a similar process. But for the 3 years of the pandemic, they did not, and instead increased hiring. But they definitely kept tabs on who wasn't adjusting to WFH or adapting to the market that whole time. A whole lot of these layoffs are just the market equivalent of 'virtue signallling'; they will hire back to these numbers within 1 year. They're just doing 3+ years worth of stack-rank cuts all at once in an effort to look like they're being efficient.
(This graph does not include any layoffs in the past 2 weeks.)
Borzak
Bronze Baron of the Realm
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Maybe they look at twitter and realize how much dead weight they have been carrying in the life of luxury.
Actually pretty sure that's not it.
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Jysin
Ahn'Qiraj Raider
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And, down we go again. Credit Suisse in the spotlight again. (This bank has been mired in issues for some time).
www.bloomberg.com
Credit Suisse Ignites Global Market Rout as Banking Fears Return
All it took was a few tough words from Credit Suisse Group AG’s biggest shareholder on Wednesday to spark a selloff that spread like wildfire across global markets.
www.bloomberg.com
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Borzak
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In an interview with Bloomberg, the chairman of the Saudi National Bank said it not would increase its stake in the Swiss lender.
Jysin
Ahn'Qiraj Raider
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iirc, the Saudis already have a 9.8% or so stake. They cited that if their ownership exceeds 10%, a bunch of regulatory rules kick in and they don't want any of that.
(Could be a convenient excuse as well, but its certainly plausible from a risk standpoint)
*edit* just read the same in the article you linked.
(Could be a convenient excuse as well, but its certainly plausible from a risk standpoint)
*edit* just read the same in the article you linked.
Sanrith Descartes
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CS has been a dead man walking for months. Funny how this suddenly is news again.And, down we go again. Credit Suisse in the spotlight again. (This bank has been mired in issues for some time).
Credit Suisse Ignites Global Market Rout as Banking Fears Return
All it took was a few tough words from Credit Suisse Group AG’s biggest shareholder on Wednesday to spark a selloff that spread like wildfire across global markets.
Sanrith Descartes
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Borzak
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I guess Europe was really expect SA to jump in and buy more of Credit Suisse. I watched the guy in the government in SA on bloomberg and he flat said if we upped to 10 % we get into all sorts of regulatory stuff we don't want to. Then the host on the show said he was really shaking things up the way he didn't make it more clear. Seemed super obvious to me, he may have had other reasons but those were the ones he mentioned and they slammed him for it.
Sanrith Descartes
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Borzak
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More deposits weren't going to help SVB. Deposits count as a debt on the balance sheet I think. They needed something more on the asset side to meet the regulatory demands of asset/debt ratio after their bond holdings were tanking from rising interest rates. Then when word got out .....
I know on watching some market news everyone so far has big on "Not a liquidity problem" in Europe, over and over. Pretty sure they've been circling the drain for more than a year.
I know on watching some market news everyone so far has big on "Not a liquidity problem" in Europe, over and over. Pretty sure they've been circling the drain for more than a year.
Sanrith Descartes
Von Clippowicz
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Sanrith Descartes
Von Clippowicz
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Aldarion
Egg Nazi
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You can get around most restrictions with the right prompts. Fictional character, etc.
I just don't see how it could be useful since it hasnt seen any data since 2021. I wonder, are people feeding it the SPY data series as part of the question or something? A prediction of crash timing without knowing today's price seems kinda useless, even if stock market prediction were something a LLM could really do.
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