Tmac
Adventurer
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Flobee
Vyemm Raider
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Sanrith Descartes
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Mist
REEEEeyore
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Yes, that's what I'm saying. Firms that aren't the big huge firms aren't going to be able to invest in capital improvements to compete.
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Sanrith Descartes
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From Amex...
We want to let you know that as of August 1, 2023 the Annual Percentage Yield (APY) on your High Yield Savings Account has increased to 4.15%
We want to let you know that as of August 1, 2023 the Annual Percentage Yield (APY) on your High Yield Savings Account has increased to 4.15%
Mist
REEEEeyore
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SoFi is 4.40% right now. Sticking your money in SPAXX is like 4.8% though lol.
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They're a customer of mine.... I'm going to print this out for the next meeting in case they tell us we should essentially give them stuff for free because they're broke. heh
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ShakyJake
<Donor>
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Vanguard sent me a notice today that the high yield money account is now 4.7%
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Big Phoenix
Pronouns: zie/zhem/zer
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AMD's AI era to begin near year's end, but it's looking more like a 2024 story
AMD needs to flawlessly execute the launch of its first graphics chips targeted to the AI market, amid big expectations and a competitive field.
www.marketwatch.com
With those numbers I guess everyone is only buying AI chips Nvidia has on hand already.
Also that credit downgrade finally got the Vix to come alive?
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TJT
Mr. Poopybutthole
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This will be interesting because every business is so balls deep in SAAS services for everything. Building out on-prem stuff again isn't feasible either.
That's before we get into the very expansive ecosystem of smaller SAAS products that companies use left and right.
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Flobee
Vyemm Raider
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I'm exposed to a fairly large org that has some tendrils in this space. Record earnings and stock price last quarter, double digit layoffs happening simultaneously. Deferred compensation due to lack of funding (whats being disclosed at least). I'm having trouble believing in a soft landing with what I can see from here. State of the economy seems fake and gay IMO
OU Ariakas
Diet Dr. Pepper Enjoyer
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Same thing with me; if you look here, you can probably figure out who I work for but sufficed to say they are a Fortune 50 company that is preparing to lay off between 15-25% of the workforce next Monday. This comes on the heels of a 5% 'workforce reduction' at the beginning of February.
SaaS is an interesting beast since one of the main pushes is that you move previously capital-intensive projects to an operational model, thus making it easier to just pay by the drip instead of once every 3-7 years and amortize.
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Mist
REEEEeyore
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It may also be sector dependent. My clients are logistics and utilities companies. Utilities seem to be doing fine, but the logistics companies not so much. Other people on my team work on healthcare, automotive industry, they all seem fine.
But still, just fine. Not "everything is great because everyone has free money to invest in infrastructure" like they did 2 years ago.
Fogel
Mr. Poopybutthole
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We Co-man for Rich's which is one of the largest food companies, and they've been pushing orders back all year. They just had us push all our september orders to october. So also seeing this in the food sector. We also no longer have lead time issues on sourcing raw materials which tells me they're at or under capacity as well.
Mist
REEEEeyore
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Sanrith Descartes
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We have been in a low interest environment for so long, we have an entire generation of finance people and business leaders who don't understand how to operate with real interest rates. Cash flows are blood. Without it you are dead. Right now payables are growing across the board as companies of all sizes can't afford to pay them. This is causing cash crunches across the entire business economy.
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Gravel
Mr. Poopybutthole
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Yup, we're still below average interest rates.We have been in a low interest environment for so long, we have an entire generation of finance people and business leaders who don't understand how to operate with real interest rates. Cash flows are blood. Without it you are dead. Right now payables are growing across the board as companies of all sizes can't afford to pay them. This is causing cash crunches across the entire business economy.
It's funny because "cash flow is king" is one of those business adages I was told, but the reality is by the time I heard it, it probably wasn't even true anymore. Until now.
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