Hacker News Reader

TradingPlaceson New cars are just for rich people now

It’s because used cars have gotten so good that automakers can’t compete with them at the low end. https://seekingalpha.com/instablog/49663329-trading-places-r...

TradingPlaceson Chile to Nationalize Lithium Industry

More details and background:

https://seekingalpha.com/article/4595845-chilean-lithium-nat...

TradingPlaceson I’m in Wyoming to celebrate the next nuclear breakthrough

It’s much more expensive than solar or wind + storage, so why exactly?

TradingPlaceson Mojo: The usability of Python with the performance of C

I will predict they OSS this within 18 months. They will make money on the execution engine, which people are ignoring, but was a bigger announcement imo.

TradingPlaceson Enhancements to the Kagi Search Experience

User since beta, subscriber since he started charging, and my primary search engine since January. About 500 searches a month. Very happy customer. I do a monthly sweep of subscriptions to make sure we are using all of it, and I never think about dropping Kagi. It keeps getting better, not worse like every other search engine, and the reason is because the user is the customer, not advertisers. Every ad-supported medium turns to shit, no matter where it starts out.

TradingPlaceson Two Office Landlords Defaulting May Be Just the Beginning

It was, in fact, the Duke brothers.

TradingPlaceson Two Office Landlords Defaulting May Be Just the Beginning

For what it’s worth, this is not nearly as large a thing as residential real estate circa 2008. Even under some pretty harsh assumptions about default and recovery rates in office and retail real estate, the losses are surprisingly modest. Biggest holders are the regional commercial banks and life insurance companies.

This is the best deep dive I know of

https://markets.jpmorgan.com/research/email/tjge61kj/xJP09l1...

TradingPlaceson Ask HN: Are there any search engines without AI?

+1. The best search engine out there imo. This is their blog post on how they view AI integration. https://blog.kagi.com/kagi-ai-search

TradingPlaceson Apple Card’s new high-yield Savings account is now available, offering a 4.15 p

Short term rates are still rising, and you will lose money if you sell early. There is risk. There is no risk in a US savings account under $250k

TradingPlaceson Apple Card’s new high-yield Savings account is now available, offering a 4.15 p

They are also illiquid for 3 months. A savings account is for more liquid savings

TradingPlaceson Apple Card’s new high-yield Savings account is now available, offering a 4.15 p

Maybe you’re right on rereading. Unclear at a minimum.

TradingPlaceson Apple Card’s new high-yield Savings account is now available, offering a 4.15 p

Money market account, which is different regulatory structure, but still insured.

TradingPlaceson Apple Card’s new high-yield Savings account is now available, offering a 4.15 p

This is the best savings account out there, imo

1. The rate is 0.25 percentage points higher than Goldman’s own Marcus account. Apple extracted 0.25% in rent from Goldman and gave it to their customers.

2. FDIC insured through Goldman, and the max deposit is the FDIC limit, $250k.

3. Easily usable in Apple Pay, so almost like a high interest debit account.

I’m moving a bunch of cash over once I set it up

edit: unclear whether deposits are allowed, or just Daily Cash from Apple Card.

edit 2: super easy to set up on my iPhone and yes, you can transfer from any linked bank account via ACH

TradingPlaceson Intel Foundry Services and Arm announce collaboration on SoC design

It’s worse than that. Apple had just switched PPC to Intel, and Jobs approached Intel in 2005 to make the iPhone SoC.

From Paul Otellini exit interview in 2013

>"We ended up not winning it or passing on it, depending on how you want to view it. And the world would have been a lot different if we'd done it… The thing you have to remember is that this was before the iPhone was introduced and no one knew what the iPhone would do... At the end of the day, there was a chip that they were interested in that they wanted to pay a certain price for and not a nickel more and that price was below our forecasted cost. I couldn't see it. It wasn't one of these things you can make up on volume. And in hindsight, the forecasted cost was wrong and the volume was 100x what anyone thought.”

The title of the article is "Paul Otellini's Intel: Can the Company That Built the Future Survive It?” and that is still a good question a decade later.

https://archive.is/B0Bbs

TradingPlaceson Ask HN: Is the job market brutal? or is it just me?

Walmart is serious, or at least I think they are. They had around 1700 job openings at the end of last year, culled that significantly in Jan/Feb. At that point there were about 1000 remaining, and it’s been creeping up again. So I think these are real.

TradingPlaceson Ask HN: Is the job market brutal? or is it just me?

Large non-tech companies and government agencies still hiring.

Walmart has 1278 job openings with “software” in the title https://careers.walmart.com/results?q=software&page=1&sort=r...

CVS has 458 https://jobs.cvshealth.com/job-search-results/?keyword=softw...

UnitedHealth has 625 https://careers.unitedhealthgroup.com/job-search-results/?ke...

WSJ just wrote about this https://archive.is/2Ll06

Go down the list https://en.wikipedia.org/wiki/Fortune_500

TradingPlaceson US Bank Lending Drops over $105B, Largest Decline Since 1973

The issue is in commercial lending

TradingPlaceson US Bank Lending Drops over $105B, Largest Decline Since 1973

This is some hair on fire analysis.

1. These are seasonally adjusted numbers. The unadjusted numbers are smaller.

2. The article does not account for the $60b in loan sales (unadjusted) to nonbanks the week of 3/22.

Lending definitely tightened up the week ending 3/22, but not to the extent the article suggests

Table 9 is the important one (banks outside the top 25, not seasonally adjusted), and you want to focus on the commercial loans (in assets). Also look at what’s happening in deposits in liabilities

https://www.federalreserve.gov/releases/h8/current/default.h...

TradingPlaceson U.S. bank lending slumps by most on record in final weeks of March

This wildly overstates the situation.

1. These are seasonally adjusted numbers. The unadjusted numbers are smaller.

2. The article does not account for the $60b in loan sales (unadjusted) to nonbanks the week of 3/22.

Lending definitely tightened up the week ending 3/22, but not to the extent the article suggests

TradingPlaceson Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

Still under parity, which is amazing

TradingPlaceson Google to cut down on employee laptops, services and staplers

Came here for Milton. Was not disappointed.

TradingPlaceson 2023 Hyundai Ioniq 6 First Drive: Effortlessly Good, Near-Slam Dunk on Tesla

First thought was “stretched out 911"

TradingPlaceson Starlink internet is going from rural savior to unreliable luxury

$65 billion going into rural broadband over the next 5 years. Not finalized, but my read is the feds want fiber. They are wrangling over maps right now.

https://www.commerce.gov/news/fact-sheets/2021/11/fact-sheet...

TradingPlaceson A GPT 3.5 powered tool for generating regex

Finally, something useful to me. If it worked. My experience was spotty in that regard.

TradingPlaceson Ask HN: How do I move forward after being laid off?

Interesting. They added about 350 openings in Feb, so I assumed they were still pretty active

TradingPlaceson Ask HN: How do I move forward after being laid off?

The non-tech Fortune 500 companies are still in hiring mode. Many of these jobs are remote.

Walmart has over 1300 openings with the word “software” in the title https://careers.walmart.com/results?q=software&page=1&sort=r...

CVS has 486 https://jobs.cvshealth.com/job-search-results/?keyword=softw...

UnitedHealth has 616 https://careers.unitedhealthgroup.com/job-search-results/?ke...

Go down the list https://en.wikipedia.org/wiki/List_of_largest_companies_in_t...

Many are WFH. Good luck

TradingPlaceson Ask HN: How are you using GPT to be productive?

My primary interest is in researching recent events, and it is pretty much useless for that

TradingPlaceson Ask HN: Is Google Slowly Dying?

I use the subscriber search engine Kagi, and it is now better than Google imo

TradingPlaceson Ask HN: How much of inflation is caused by supply rather than demand issues?

At first it was almost entirely a supply and goods phenomena, but since mid-2022 it has shifted to services and demand.

SF Fed breaks out the PCE index by supply and demand:

https://www.frbsf.org/economic-research/indicators-data/supp...

TradingPlaceson The developer job market is insane

Nobody gets a CS degree dreaming of working for Walmart, but they have 1315 openings with the word “software” in the title. Many jobs are in CA, TX or WA

https://careers.walmart.com/results?q=software&page=1&sort=r...

CVS has 492

https://jobs.cvshealth.com/job-search-results/?keyword=softw...

The non-tech Fortune 500 companies are still hiring. Go down the list

https://fortune.com/ranking/fortune500/