Tariffs Disrupt Bitcoin Mining Supply Chain Rooted in Asia
'Today we're just scrambling,' said Lin, head of hardware at Luxor Technology, a Bitcoin mining software and services company. 'Ideally we can charter a flight and get machines over — just trying to be as creative as possible to get these machines out.'
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Newsweek
a few seconds ago
- Newsweek
Map Shows States Where Social Security Field Office Staff Has Been Reduced
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Some states have experienced more than 10 percent staffing losses at Social Security field offices, according to a new report. Newsweek has contacted the SSA for comment via email. Why It Matters The Social Security Administration (SSA) pays out benefits to tens of millions of Americans, and the agency's field offices provide vital in-person services. But the agency has undergone various changes since President Donald Trump's second administration began in January. In tandem with various other federal departments, staffing culls have taken place, with the agency announcing in February that it planned to cut staff numbers from 57,000 to 50,000. What To Know Between March 2024 and March 2025, Social Security field offices lost nearly 5 percent of their staff, according to union data from the AFGE Social Security General Committee, and the number of union-represented employees fell from 21,627 to 20,593. Over the year, 46 states and Washington, D.C., saw staffing declines, two states saw no change and only Nebraska and Alaska added staff—just seven union-represented positions combined. States that saw staffing losses of 10 percent or more during this period include Wyoming, with a 17 percent loss; Montana, with a 14 percent loss; and West Virginia, with an 11 percent loss. The report also said that this is unlikely to be the full range of positions lost at field offices since January. "This [report] analysis utilizes bargaining unit staff numbers dated March 2025, prior to the largest mass departures at the agency, suggesting that current year-over-year staff losses may be even larger," the Strategic Organizing Center said. "Further, the main impact of the Trump administration's mass buyout and early retirement programs came after March 2025, suggesting that current staff losses are likely larger than this data shows." The agency announced in February that it planned to cut staff numbers from 57,000 to 50,000. Prior to the second Trump administration, the SSA was already experiencing a decline in staff, from nearly 63,000 workers in 2014 to about 57,000 in 2024. According to the SSA, field office wait times have been reduced to 23 minutes so far this year, compared to 30 minutes last year—a 23 percent reduction. What People Are Saying A representative for Social Security Works, which fights to preserve benefits, told Newsweek: "This report shows the catastrophic damage the Trump administration is doing to Social Security. They've pushed out thousands of staff at the Social Security Administration. That includes many of the most experienced, highly qualified public servants. Others have been forcibly reassigned to roles they are not trained for." SSA Commissioner Frank Bisignano, in a July press release: "Our vision is centered on providing outstanding service that works for everyone we serve—whether they call, walk into a field office, or choose to manage their benefits online." What Happens Next Bisignano said the SSA is "transforming the customer experience, investing in technology to build frontline capacity, and using real-time data to monitor performance across the board. "We are delivering higher levels of customer service—and this will continue," he said.
Yahoo
28 minutes ago
- Yahoo
Brazil unveils aid package for exporters hit by U.S. tariffs
BRASILIA (Reuters) -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep tariffs imposed by U.S. President Donald Trump on many goods from that country. The South American nation will extend a program that returns part of the exported value to all companies that ship to the United States, Vice President Geraldo Alckmin told an event in Brasilia. The plan also includes government purchases of products that would initially be exported to the United States, he added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Maxim Group Maintains a Buy Rating on Semler Scientific (SMLR), Sets a $95 PT
Semler Scientific, Inc. (NASDAQ:SMLR) is one of the . Analyst Matthew Galinko of Maxim Group maintained a Buy rating on Semler Scientific, Inc. (NASDAQ:SMLR) on August 6, retaining the price target of $95.00. A doctor in focus surrounded by colleagues in a hospital setting. The analyst told investors that Semler Scientific, Inc. (NASDAQ:SMLR) has exhibited a strong commitment to the accumulation of Bitcoin, with a goal to hold 10,000 BTC by the end of 2025 and considerably more in the following years. He added that Semler Scientific, Inc.'s (NASDAQ:SMLR) ability to raise considerable funds through share issuance further supports this accumulation strategy, suggesting a strong financial strategy. Galinko further stated that Semler Scientific, Inc. (NASDAQ:SMLR) is also expanding its medical technology offerings, especially with the formation of CardioVanta, a subsidiary focused on cardiovascular market opportunities. The expected approval of new diagnostic devices may expand the company's market reach, enhancing its revenue potential. Semler Scientific, Inc. (NASDAQ:SMLR) provides technology and software solutions to improve the clinical effectiveness of healthcare providers. The company's multi-test service platform, WellChec, conducts a comprehensive evaluation of patients for chronic disease, including strokes and heart attacks, through the use of its QuantaFlo product as well as other tests. While we acknowledge the potential of SMLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
