Thanks to the U.S. Fed's RECKLESS interest rate hikes, U.S. banks suffered ~$19bn in losses on defaulted loans in Q2 2023. That's the highest level in over 3 years. The U.S. is sleepwalking into a 2024 recession.
https://t.co/r17BUXijDN
In the US, interest rates on household items are skyrocketing.
In just 1 year, the average interest rate on credit card debt has gone from 14% to 21%+.
New car loan rates went from 4% to 8% while used car loan rates are at 12%+.
Mortgage rates are at a fresh high of 7.2%, up from 2.7% in 2021.
How can the average person afford any of these items?
I've hired 133 people.
Sold millions in software.
0 funding.
Want to know what holds your company back from being high performers?
You treat your team like children.
Let me explain. 🧵
This guy founded a $6 BILLION SaaS from a village in India.
His initial revenue stream was a *donation* button 😳
The story of Abhinav Asthana & how he built Postman:
#Databases are increasingly seen as high speed query processing engines rather than places to store data. The reasons can be found in the rise of high-performance, massive throughput object stores. Go deep on the evidence + the implications: https://t.co/M4duGFleon #devops
In this video taken from our online event, #SecureStorageHotTakes- CEO @Wasabi_Dave speaks with @dvellante of @theCUBE about trends in cybersecurity around backup and recovery.
Full video here: https://t.co/yT6IXSYrFG
The day when the AWS Support got access to your S3 data.
In this thread, you will find details about the security incident that leads to this unattended access for millions of AWS customers. 🧵