But where do those large companies get their revenues from?
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
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But where do those large companies get their revenues from?
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GUNDLACH SAYS 35 MILLION LOWER-PAYING JOBS AT RISK
GUNDLACH: $10T FISCAL AND MONETARY STIMULUS SEEMS CONSERVATIVE
GUNDLACH: U.S. WILL COME OUT OF THIS STRONGER IN THE END
GUNDLACH: BANK PROJECTIONS ON RECOVERY TOO OPTIMISTIC
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API REPORTS U.S. CRUDE STOCKPILES ROSE 10.5M BBL LAST WEEK
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They are running out of space to keep the stuff
They’ll soon have full tankers chilling in the gulf like they had a few years back.
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They are running out of space to keep the stuff
Main reason for all the shippers to go parabolic..TOPS, GLBS, TK, CTRM... for the past few weeks.
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They actually never stopped...if you see the Tanker Tracker, it looks like you can walk from US Atlantic coast to Hormuz.
They have records of Oil Cargo that date back over 2 Years...they just float in the Sea HOPING for prices to increase.
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Hope everyone here is staying safe
I work at a smaller firm
Although the CEO reassured all of us that we have cash for payroll
The longer this drags on, the more reality sets in
I work at a smaller firm
Although the CEO reassured all of us that we have cash for payroll
The longer this drags on, the more reality sets in
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Crazy thing is I was researching Tops a day or two before it popped but my money wasnt settled in Fidelity yet 
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Half of my tda goes in to the market tomorrow. Do they make purchases all in one shot? Or are they more strategic
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Deloitte getting rid of 20% of their staff
jjs you good? Come work for me, I’ll put you on partner track.
where you at now? Seattle?I’m good. We have minimal overhead and it’s clearly saving the company. I’ll get a pay cut but i’m also working way less because most projects are on hold. Feels bad but it’s way better than being laid off.
Is Deloitte cutting 20% of their staff across North America?
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I’m good. We have minimal overhead and it’s clearly saving the company. I’ll get a pay cut but i’m also working way less because most projects are on hold. Feels bad but it’s way better than being laid off.
Is Deloitte cutting 20% of their staff across North America?
The blessing of being at a smaller shop. Hope you are well my man.
Not sure on the Deloitte actual number but it came from the global CEO.
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Yeah and the owner is very transparent with the numbers and the pipeline.
How you doing? Did you guys layoff a bunch of people?
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I know layoffs at big4 outside of US but right now I think they’ll hold off here in the states. . I can’t see audit and tax being affected but consulting will be first to go unfortunately.
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ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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Private equity lobbyists were involved in the push for $500 billion coronavirus bailout fund
The American Investment Council, which lobbies on behalf of the private equity industry, spoke to congressional leaders and Treasury Department officials, sources said.
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ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
They (hosts) should sell their houses for cheap so I can buy some more.
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Friend at PWC said it’s been pretty slow
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I think this truly depends on service lines. Consulting is going to be hit hard so I can see it occurring there first. All projects will be delayed and maybe even canceled together. M&A will freeze as well temporarily. But the other service lines should be kept busy.
I work on the Corp tax side in the financial service sector and we are seeing more tax planning opportunities than anything else. Audit will be kept busy with lots of new ASU implementation and testing.
Now will raises either be frozen or minimal to the amount of COL adjustments with bonuses gone to retain people instead, maybe small payouts temporarily, and promotions cycles being delayed? Sure that definitely will occur.
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The guy at PWC is Corp Tax Side as well.
My former consulting partners/friends are all ready for the worst(MBB). Close friend at Bain (Manager level) finished his case on Friday and expects to be on the beach for over a month.
I expect more news like I heard from Deloitte.
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20% of their workforce.....
Damn man
Damn man
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ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
this will not end well
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