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NASA braces for mass employee exodus
NASA is set to lose around 2,145 senior-ranking employees as part of a staff reduction initiative, according to a report by Politico. Most of those leaving hold GS-13 to GS-15 positions, and the agency is offering early retirement, buyouts, and deferred resignations. Bethany Stevens, a spokesperson for NASA, said: “NASA remains committed to our mission…
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Inflation expectations fade to pre-tariff levels
Americans’ outlook on inflation was little changed last month as households upgraded their views on the state of their finances and ability to get credit. The New York Federal Reserve monthly Survey of Consumer Expectations shows that respondents in June saw inflation at 3% 12 months from now, the same level it was at in…
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Intel cuts jobs as crisis deepens
Intel has initiated significant layoffs, affecting thousands of employees across various divisions. New CEO Lip-Bu Tan had previously warned workers to expect these cuts as the company aims to streamline operations following years of declining sales and technical challenges. The layoffs will particularly impact the Intel Foundry division, which plans to cut 15% to 20%…
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U.K. overtakes U.S. and Japan as most attractive country to invest in
According to Deloitte’s latest survey of CFOs, Britain has surpassed the United States and Japan as the most attractive investment destination. The survey, which included responses from 61 of the U.K.’s largest companies, revealed that 13% of executives consider the U.K. very or somewhat attractive for investment. “These results reveal a shift in sentiment,” Richard…
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SEC and SolarWinds in preliminary deal to end cyber attack lawsuit
The U.S. Securities and Exchange Commission (SEC) has reached a preliminary deal with software company SolarWinds and its chief information security officer to end litigation tied to a Russia-linked cyber attack. The SEC, SolarWinds and Timothy Brown successfully petitioned a federal judge on Wednesday to stay court proceedings while paperwork for a settlement was finalized….
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Crypto deserves clear regulations, new SEC chair says
Paul Atkins, the new chairman of the Securities and Exchange Commission, has said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. In his first remarks since being sworn in, Atkins said: “Market participants engaging in this technology deserve clear regulatory rules of the road.”
