Independent thinking for complex markets and current events
PLEASANTON, Calif. – Workday Inc (NASDAQ:WDAY)., a provider of enterprise cloud applications for finance and human resources, has announced a significant reduction in its workforce, amounting to 1,750 jobs or 8.5% of its current workforce. This move is part of a broader restructuring plan designed to refine the company’s investment focus and drive further growth. …
The Prime Rate is now 8.5%, the highest since it hit 9% in 2001. Prime hasn't exceeded 10% since the 1980s. Many loans are set at prime plus a premium. From 2008 to 2022 Prime was mostly 3.5%. The record high was 19.5% in 1981. I believe that the high this cycle will exceed 20%. …
https://twitter.com/_/status/1691376095516352512 Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low https://t.co/SMcYH3ndzX — Geoff Wilson (@GeoffGWilson) August 15, 2023