Software-development job postings cratered nearly 60% year-over-year in 2023.
They've now clawed all the way back into positive territory.
Computer science is still one of the fastest-growing degrees on campus, and these grads may be in better shape than the market assumed when ChatGPT first rolled out.
Software-development job postings cratered nearly 60% year-over-year in 2023.
They've now clawed all the way back into positive territory.
Computer science is still one of the fastest-growing degrees on campus, and these grads may be in better shape than the market assumed when ChatGPT first rolled out.
Companies stopped hiring college grads to save money.
Then one got a $500 million monthly bill from Claude.
Hedgeye's Matt Cooper @HedgeyeFins explains why the hiring freeze is reversing.
@randomrecruiter The dirty little secret is that Meta is has been an unhealthy company (finance, growth prospects, peer competitors, not best-in-class AI) for a while.
@thelnino22@thelnino22 Wishing you and the team all the best from North Carolina. Extended family in Schwyz. Keep grinding, boss. Hope to see you next year at Lenovo Center. Hopp Schwiiz π¨π
Thank you, Timothy
AJA,
Short answer:
Most diesel is refined from medium sour crude oil. The recent disruptions in the Strait of Hormuz have primarily affected supplies of this exact grade of crude.
In addition, three major refineries that normally export large volumes of diesel through the strait are now unable to ship.
This has created a double hit: a direct loss of finished diesel and a loss of the primary crude feedstock used to produce it.
As a result, many countries around the world are facing diesel shortages. Global diesel prices have risen much more sharply than U.S. prices. This price gap has incentivized U.S. refiners to export diesel overseas, tightening domestic supply and driving up prices at the pump in the United States. UIS diesel inventories are very low now.
There are other reasons, but I mentioned the main one.