How engineering teams can collaborate with finance to build a FinOps culture
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How engineering teams can collaborate with finance to build a FinOps culture

Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.Driven by a need for a faster and smoother software development process, the rising adoption rate of cloud-native technologies creates a massive knowledge gap between technical and non-technical teams. Finance departments struggle to understand the cost dynamics of cloud computing. And modern cloud-native approaches like Kubernetes step up the challenges around cost allocation and management. The State of FinOps survey showed that getting engineers to act on cost optimization recommendations is a top challenge…
Malaysian PM Anwar to become finance minister in the new Cabinet
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Malaysian PM Anwar to become finance minister in the new Cabinet

KUALA LUMPUR. Malaysia (AP) — New Malaysian Prime Minister Anwar Ibrahim said Friday he will also serve as finance minister as he unveiled a leaner Cabinet with many new faces in his unity government. In a move that appeared to contradict his anti-corruption platform, Anwar named the graft-tainted head of a smaller bloc as one of his two deputies. Malaysian politics took an unprecedented turn after a Nov. 19 general elections failed to produce an outright winner. Anwar’s Alliance of Hope led with 82 seats but fell short of the 112 needed for a majority, while an Islamic nationalist bloc…
Mortgage REIT Lument Finance Trust Drops To Another New Low
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Mortgage REIT Lument Finance Trust Drops To Another New Low

Lument Finance Trust Inc. (NYSE: LFT), a New York-based real estate investment trust (REIT), declined in price this week to another new 52-week low. Many REITs have been bouncing off of lows in November, but after Lument reported funds from operations of $0.01 per share earlier this month, the selling picked up. The company specializes in commercial debt investments “with a strong emphasis on the middle market multifamily sector,” according to its website. That’s a tough business right now with the Federal Reserve steadily raising interest rates and the 30-year fixed mortgage rate up above 7%. Lument trades with a…